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Tuesday, September 30, 2008

September Stock Portfolio

Somewhere along the line my brokerage decided to increase the Money Market Sweep Account interest rate for holding my cash.  I noticed that it began paying close to 5% after I had cashed out my Charles Schwab (NYSE: SCHW) and Archer Daniels Midland (NYSE: ADM) stocks.  This might be in response to the recession in order to create more liquidity for the credit market.

**Note**

A Sweep Account is an interest-bearing account for any uninvested cash that flows into your brokerage account from various sources. Cash is automatically swept daily into the Sweep Account, earning you interest. When you are ready to use this cash for trading or for cash management activities, the necessary cash is automatically pulled from the Sweep Account. 

Symbol% of AssetsDescriptionDividend YieldIndustry
CU29.75United Breweries Company, Inc.6.83Alcoholic Drinks
BRK.B18.29Berkshire Hathaway Inc.0.00Insurance
GOOG8.58Google, Inc.0.00Online Services
CSCO4.93Cisco Systems, Inc.0.00Data Networking
JOYG4.94Joy Global, Inc.0.84Construction Machinery
WMT3.54Wal-Mart Stores, Inc.1.69Discount Stores
JNJ3.38Johnson & Johnson2.69Drugs
PGH10.42Pengrowth Energy Trust14.50Oil & Gas
STKL2.57Sunopta, Inc.0.00Agriculture
PXD1.67Pioneer Natural Resources0.47Energy
CASH11.88Cash5.01Cash

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