It’s that time of year again – resolutions, diets etc but most importantly it is the 2nd annual top stock competition. Last year at this time I got together with a group of bloggers and we all picked 4 stocks that we thought would perform the best in 2009. I ended up finishing in 5th place with a 35% return.
This year I’m doing something different – I’m betting against gold. I can’t understand why gold is even considered a good investment, never mind getting elevated to the prices it reached in 2009 ($1226 was the peak).
Here are my top 4 stock picks for 2010 (and yes, ETFs are considered as stocks for this competition)
- PowerShares DB Gold Double Short ETN (DZZ) – $NN
- ProShares UltraShort Gold (GLL)
- PowerShares DB Gold Short ETN (DGZ)
- HBP S&P/TSX GLOBAL GOLD™ INVERSE ETF (HIG)
Here some links to the other competitors:
The Wild Investor – 4 stocks to buy in 2010.