Monday, August 2, 2010

My Portfolio Is Beating The Market By Over 3%!

Today was a great day for the market.  If you were paying attention, you noticed that the market posted a better than 2% gain today!  If you've been reading this blog, you would know that I think we are primed for a sustained rally through at least the end of the year, and probably through 2012 as well.  I have been doing a lot of research lately, and all of the data I have looked at suggests that we are going to see a nice run.  Let's get into it...

The Wilshire 5000 closed at 11,735.70, up from 11,507.70, or 1.98%, since my post on 7/25/10.  The Wilshire 5000 has now re-crossed it's 200-day moving average as of today, closing 1.54% above the average.  This is a bullish sign, but I would like to see it maintain above that level for at least a few more days.

The Investor's Intelligence Survey was released on Thursday night. This week's reading was 38.2% BULLS, and 34.9% BEARS, for a spread of 3.3%. This is in comparison to a reading of 35.6% BULLS, and 35.6% BEARS, for a spread of 0.0% on July 20th.

The Volatility Index closed Friday at 22.01, down from 23.47 back on July 23rd.

Now for the portfolio...(updated for dividends)
1) Verizon at $29.56, down 3.26% for the year, inclusive of dividends.  FTR, the recent spinoff, recently closed at $7.71/share, worth $53.97 to this portfolio currently.

2) AT&T closed at $26.53, up 1.13% for the year, inclusive of dividends.

3) GE closed at $16.41, up by 9.10% for the year, inclusive of dividends.

4) TBT, the doubleshort U.S. Treasury ETF closed at $36.74, down by 15.84% since my buy.  I have decided to take the remaining cash in the portfolio and put it to work in this name.  I had roughly $675 in cash from gains that I took in the beginning of the year.  As such, I am buying another 18 shares of this ETF for the portfolio, bringing my current holdings to 38 shares, or $1,659.  I am overweight this name because I think the risk trade is going to be coming back on, and coming back on in a big way.  US Treasuries are near historic lows, and I simply believe they have run out of upside.  As such, I think being short T-Bills is a great place to park money for the foreseeable future. 

5) FXP, the doubleshort China ETF, closed at $33.90, down by 22.02% since my buy, and after a 1:5 reverse split.

6) GOOD closed at $17.03, up by 26.49% since my buy, including the reinvestment of dividends. 

7) NLY closed at $17.34, up by .67% since my buy, inclusive of a reinvested dividends

8) AAPL closed at $261.85 up by 35.15% since my buy. 

9) January '12 Citigroup Calls closed at $.23, down by 47.73% since my buy.  Still long-term bullish on Citi.

10)  GS closed at $152.74, up by 12.23% since my buy.

Overall, the portfolio is up by 5.29% (4.22% for the DOW Dogs), versus 2.07% for the Wilshire 5000. The current basket of ten stocks that I am currently invested in, including dividends, is down .75% year-to-date. The spread between my performance and the overall market (Wilshire 5000) is at 3.22% outperform.

Quickly before I go, I would like to give an update on the three names I recommended a week or so ago.  Since that time, the Wilshire 5000 is up .73%.  The three stocks I recommended are currently up 1.86%, beating the market by over 1.0%.  JNJ closed at $58.72, up 1.70%.  KMB closed at $65.13, up by 1.56%.  Finally, MRO closed at $34.28, up by 2.73%.

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About Me

DISCLAIMER: I started this blog as a way for people to exchange ideas relating to investing and finance, primarily. I am in no way a professional in these areas, merely a student of the financial world. The thoughts expressed on these pages have no connection to my employer in any way. Anybody reading this blog should do so with caution, exercise their own judgment, and do their own due diligence on any financial undertaking. About Me: I reside in New Jersey with my wife and my two dogs. I have a B.S. degree in Accounting with a minor in Finance, as well as an MBA in Accounting. Currently, I am employed as a forensic accountant, and am pursuing my CPA designation. I love the stock market, and picking stocks. I spend a great deal of time analyzing market data, as well as individual names.


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