The Andrew Jackson Portfolio - Nine Stocks for $20

Maybe it is time to turn to our 7th president for financial advice, Andrew Jackson. The late president appears on the $20 bill, which now goes much further in the stock market than it did five years ago.

Matt McCall, President of Penn Financial Group, has decided to build a new stock index based on how far $20 can go in the current market environment. This is how the “ANDREW JACKSON PORTFOLIO” also referred to as the “NEEDY NINE PORTFOLIO” or simply the “9” was created.

For a mere $20 an investor can own a portfolio with one share of each of the following stocks: Citigroup (C) ($1), General Motors (GM) ($1.81), Ford (F) ($1.80), General Electric (GE) ($6.69), Bank of America (BAC) ($3.19), AIG ($0.36), Office Depot (ODP) ($0.73), Eastman Kodak (EK) ($2.52), Advanced Micro Devices (AMD) ($2.15). NINE STOCKS THAT MANY THOUGHT WOULD BE GREAT LONG-TERM BUY AND HOLD COMPANIES THAT NOW ARE STRUGGLING FOR EXISTENCE! Amazingly, one share of each of the “9” would have cost you a grand total of $315.58 five years ago; today only $20. A bargain or a trap?

Even if GM files for bankruptcy or the government nationalizes Citi, there is still hope for a few of the Nine to make it through the recession and thrive once again. The chance of all Nine going bankrupt is very unlikely and the chance of a few being around in five years is very good. Five years from now the Andrew Jackson Portfolio could be double even if the Nine is trimmed down to Seven or Six. So in the end if you want to take your Andrew Jackson and lay it on the line - this is your best bet.