Letter: This investor will miss George Bush
No matter what happens in the upcoming presidential election, the Bush administration will no longer govern our great nation. In some ways that will be a very sad day for me.
When George W. Bush was sworn in as president early in this decade, I consulted my stockbroker for financial advice that would prepare me for what lay ahead.
Without hesitation, his recommendation was to buy as much Chevron (CVX) as I could get my hands on. So, I did. At that time it was trading at 31.5. Recently it closed at 95.5. For those of you who need help with the math, that is over a 300 percent gain. Now, that’s what I call performance.
I also made modest investments in Marathon Oil (MRO), First Energy Corp. (FE) and Sempra Energy (SRE), all for which had similar gains.
For some it is a burden that gasoline is priced over $3 a gallon, but for some it is not.
See ya at the pump!
David Boyle,
Madera


Hey David,
Is this the David Boyle that lived on Jennings Street. This is your old neighbor (for a short time), Ken. Remember the Super 8 movies? Loved your comment and subsequent clever investing.
Ken Carson