Quick Shout Out From Bermuda

I am on the lovely island of Bermuda today for business. While waiting for room service, thought I would type out a quick note.

The market continues to move up smartly.  Shows what I know.  The one recent move that is gnawing at me was my knee jerk sale of TROX post their earnings in November.  Since I sold them, they have actually rallied about 28%.  QCOR was another early mistaken trigger, it is up a snappy 35%. 

That is what makes investing so difficult.  One makes a stock purchase for what seems a good reason.  Then, it is very easy to read many articles about that stock, some of which will invariably be negative.  It is often difficult to have conviction in the face of that.  That is probably why I am more successful investing in insurance companies as I just have more general knowledge about that business, the companies and the overall environment.  I do not get spooked as easily by a seeking alpha article.

That is also the beauty of a dividend-based approach while picking high quality companies initially at decent prices.  You can shut out the noise and just let the magic of compounding work.

Enough preaching.  Here is where I currently stand on the dividend portfolio:

Stock	Shares	Avg Cost	Current Price	Dividends Received	Pct Change	R3K Change	Diff
AAPL	150	527.94	533.90	-	1.1%	2.2%	-1.1%
BHK	2,240	12.75	15.15	2,554.27	27.7%	7.6%	20.1%
CSCO	4,292	17.22	20.38	2,013.95	21.1%	9.0%	12.1%
CSQ	5,444	8.26	10.00	5,241.56	32.7%	24.4%	8.3%
FCX	1,100	32.17	33.99	-	5.7%	2.8%	2.9%
FSC	2,803	9.81	10.53	2,058.92	14.8%	6.8%	8.0%
HFC	1,117	34.16	46.57	2,586.20	43.1%	5.5%	37.7%
INTC	1,974	20.99	20.96	1,998.36	4.7%	17.8%	-13.2%
JPM	1,673	35.22	43.87	992.36	26.2%	8.9%	17.3%
JQC	4,192	9.11	9.63	4,663.74	17.9%	8.4%	9.5%
KMF	1,845	21.97	28.66	3,637.01	39.4%	20.7%	18.7%
MPC	582	43.98	63.00	546.09	45.4%	6.5%	38.9%
MSFT	979	26.83	27.56	1,534.52	8.6%	18.1%	-9.6%
O	556	19.33	40.96	7,377.95	180.5%	71.1%	109.4%
OIBAX	3,925	4.93	6.62	6,589.08	68.3%	71.1%	-2.9%
PGR	2,092	20.54	21.45	2,000.00	9.1%	7.2%	1.9%
PRE	536	67.43	81.92	1,285.77	25.0%	7.4%	17.7%
PVD	427	65.11	101.60	3,787.87	69.7%	20.7%	49.0%
SAI	4,680	12.83	11.79	1,376.70	-5.8%	2.9%	-8.8%
SLCA	2,000	14.28	16.31	-	14.2%	0.7%	13.5%
STO	1,040	23.82	24.94	1,121	9.2%	23.1%	-13.8%
VIVHY	2,296	16.70	22.22	3,749	42.8%	5.9%	36.9%
Total Open				55,115	22.6%	9.2%	13.4%
Closed					10.7%	8.6%	2.1%
Combined					14.0%	8.8%	5.2%
IRR Since 12/31/10					15.7%
2012 Gain					24.7%