MyDollar 5-Stock Tech Investment

From today we start a new feature. We'll track a portfolio of only 5 stocks from technology sector, which we believe will do good in long term. We'll report our progress from time to time.

Note that we firmly believe in the importance of diversification. One shouldn't keep only Technology stocks in portfolio. This represents only a part of the full portfolio that one might have. This part would represent only the technology investment part of a full portfolio.

Here is how we'll track it: We start with a capital of $10000 and purchase the following 5 technology stocks of our choice at the closing price of last Friday. Each stock is bought for approximately $2000. So, our portfolio is:

EMC Corporation (EMC) : 157 stocks at $12.73 : It gained a healthy level of diversification in its products in both hardware and software.
Nasdaq-100 Trust (QQQ): 51 stocks at $39.35 : Investment in Broad Technology sector.
Seagate Technology (STX) : 80 stocks at $24.95 : We like it for its pioneering role in developing and implementing the technology of perpendicular recording in high capacity hard drives (read these postings in our sister Blog 2Technology: 1, 2, 3)
Veeco Instruments (VECO): 82 stocks at $24.26 : Electronic equipment maker. A play in emerging Nanotechnology sector.
Yahoo (YHOO) : 68 stocks at $29.53 : A choice for its valuation and the foothold it gained in advertisement sector.

We may sell off some stocks from time to time (but not too often -- we believe in long term play) and buy new ones but our aim would be to keep our number of stocks limited to only 5 or very rarely 5 plus or minus 1. We'll not subtract any amount as transactional cost -- Neither will we add any dividend to our investment amount. It's pure stock-price play.

Disclaimer: We own all these stocks in our personal portfolio. Please do not make your investment decision based on this selection. Please do your own homework and/or take expert advice before investing in these stocks.