Euro Momma Jokes

Members present: Brian, Bickford, Danak

So Europe is going to have a banking, and the market approves. Even our crummy Brazil ETF (EWZ) was up a little. A banking union for the Eurozone means that there is some more guaranteed stability.

Here's a the Planet Money article that gives some more deets.

Even EWZ is up a little, about 2.5%

SPY: The market is liking this banking union thing.

Telecommited to profit!

Of course it is still time for us to make a stock purchase. There are currently three contenders: NORW, ENZL, and HILO. 

Here's the sector breakdown for each (remember, we have a small portfolio, and we are trying to diversify):

As you can see NORW is the most energy-heavy of the lot, but that might not be a problem because Norway seems to have a good reputation for keeping things sane. If anyone can handle a giant national endowment of Texas Tea, is the Vikings. Plus, remember the movie at the Norway kiosk at EPCOT? If  you can sit through that snoozer, you know they have no taste or irrational exuberance.

And here's a breakdown of the sectors and what each would do to our total portfolio:



With each of these, we would stay pretty well-diversified. However, if we do go with NORW it might be good to avoid energy in the future. Really though, it is probably necessary to sit on this and take a look at this chart in more depth next week.

We could also look at these as our next three buys, and just choose which makes sense next. This would give us a short list of investments, which will always be ready for the next buy. We tend to work in cycles of about six months, but we don't buy as often because it is always so hard to commit to something specific. The idea is that we will add to the list and be prepared for upcoming buys waiting only on the funds to roll in. 

Oh the things you can do with screen capture.

Profit!