"I Was Misinformed"

One of my favorite movies of all time has to be Casablanca.  It is such a great story, has very snappy dialogue and then wonderful actors, both at the leads and the character actors.

A great scene is when Renault is asking Rick why he came to Casablanca:

Captain Renault: What in heaven's name brought you to Casablanca?

Rick: My health. I came to Casablanca for the waters.

Captain Renault: The waters? What waters? We're in the desert.

Rick: I was misinformed.

I don't know why, but I find that answer hysterical.  I feel a bit like that today.  I just traveled to Switzerland for a business trip, expecting to have some nice cool mountain air.  I just checked Google, it is 94 degrees.  I guess I was misinformed.

First Ever IPO Participation

As a frequent trader with Fidelity and the holder of several accounts (brokerage, IRAs, College Funds); they do invite me to participate in IPOs from time to time.  I think Fidelity does not always get the best IPOs, so one has to be selective.  I had shown interest last year on a couple IPOs, (DKE and SXE) but with an IPO after you show interest, you get assigned a number of shares and then you have to authorize.  I got busy that day and just plain forgot.  Since then, those two stocks have to up a cumulative 25%.

I have a new one this week that looks interesting.  I will not say the IPO until after the offering.  But I did put down a sizable interest and have written three calendar reminder/alerts to myself to make sure I finalize.  We will see how it works out.

Update

I am beating the Russell 3000 by 1.5% so far this year. and am up a very nice 21 2/3%.  I did do some major selling this week (FCX and CIM) and I did rebuy back into my SAI position (that was a mistake to sell). So I am 24% cash.

Dividend Portfolio

Stock	Shares	Avg Cost	Current Price	Dividends Received	Pct Change	R3K Change	Diff
AAPL	213	495.23	440.99	1,041.93	-10.0%	17.2%	-27.2%
AOD	18,816	3.95	4.03	2,125.45	4.8%	10.3%	-5.5%
BBEP	3,490	15.38	17.99	-	17.0%	3.7%	13.3%
CSCO	4,356	17.30	25.50	3,479.34	52.0%	27.2%	24.8%
CSQ	5,706	8.36	10.37	7,945.68	40.7%	43.5%	-2.8%
INTC	3,389	22.21	23.26	2,891.61	8.6%	23.4%	-14.9%
NSU	10,000	3.03	3.39	-	11.9%	1.1%	10.9%
O	569	19.92	44.30	8,074.49	193.5%	95.6%	97.9%
OIBAX	4,023	4.97	6.15	7,388.76	60.7%	97.7%	-36.9%
RIG	1,413	51.46	47.69	700.00	-6.4%	8.0%	-14.4%
SAI	3,000	14.84	14.90	-	0.4%	0.4%	0.0%
SLCA	3,018	20.29	23.54	375.00	16.6%	3.2%	13.4%
STO	2,211	22.97	21.79	3,024.82	0.8%	24.9%	-24.1%
TC-PT	5,500	15.43	16.81	4,468.20	14.2%	8.5%	5.7%
TCRD	4,200	14.73	16.14	-	9.6%	3.9%	5.7%
TGONF	2,500	10.38	10.70	-	3.1%	6.5%	-3.4%
Total Open				41,515	14.5%	16.7%	-2.2%
Closed					13.9%	10.0%	3.9%
Combined					14.0%	11.5%	2.5%
Annualized IRR Since 12/31/10					17.1%
2013 Gain					13.4%

Stock	Shares	Ann Dividend / Share	Yield	Projected Dividend	Sector	Worth
AAPL	213	$      12.20	2.8%	2,602	Consumer	94,036
AOD	18,816	$        0.32	8.0%	6,096	Hybrid	75,829
BBEP	3,490	$        1.90	10.6%	6,631	Resources	62,785
CSCO	4,356	$        0.68	2.7%	2,962	Tech	111,070
CSQ	5,706	$        0.84	8.1%	4,793	Hybrid	59,171
INTC	3,389	$        0.90	3.9%	3,050	Tech	78,835
NSU	10,000	$        0.14	4.1%	1,400	Resources	33,900
O	569	$        2.17	4.9%	1,236	Services	25,225
OIBAX	4,023	$        0.29	4.7%	1,167	Bond	24,743
RIG	1,413	$        2.24	4.7%	3,165	Services	67,386
SAI	3,000	$        0.48	3.2%	1,440	Services	44,700
SLCA	3,018	$        0.50	2.1%	1,509	Services	71,047
STO	2,211	$        1.16	5.3%	2,567	Resources	48,167
TC-PT	5,500	$        1.60	9.5%	8,800	Resources	92,455
TCRD	4,200	$        1.36	8.4%	5,712	Hybrid	67,788
TGONF	2,500	$        0.54	5.0%	1,350	Finance	26,760
Total			5.5%	54,481

MFI Portfolio

Going great!

8/15/12 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
DLB	$34.43	$33.01	$4.00	7.5%	23.9%
KFY	$13.98	$19.71	$0.00	41.0%	23.9%
MSFT	$30.19	$31.62	$0.69	7.0%	23.9%
NSU	$3.62	$3.39	$0.12	-2.9%	23.9%
UIS	$19.96	$25.81	$0.00	29.3%	23.9%
Totals				16.4%	23.9%
11/15/12 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
AAPL	$537.62	$440.99	$5.70	-16.9%	27.8%
ABC	$40.21	$58.47	$0.42	46.5%	27.8%
LPS	$23.89	$32.76	$0.30	38.4%	27.8%
VIAB	$49.12	$73.04	$0.83	50.4%	27.8%
WU	$12.77	$16.96	$0.38	35.7%	27.8%
Totals				30.8%	27.8%
2/1/13 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
AAPL	$450.60	$440.99	$5.70	-0.9%	13.2%
GA	$6.10	$8.36	$0.42	44.0%	13.2%
STRZA	$16.06	$23.13	$0.00	44.0%	13.2%
CA	$25.07	$29.68	$0.50	20.4%	13.2%
NUS	$41.94	$81.96	$0.60	96.9%	13.2%
Totals				40.9%	13.2%
5/6/2013	Start	Current	Dividend	Pct Gain	R3K Gain
KLIC	$11.40	$11.17	$0.00	-2.0%	5.6%
CYOU	$29.24	$41.07	$0.00	40.5%	5.6%
RDA	$9.74	$11.23	$0.00	15.4%	5.6%
NVDA	$13.85	$14.20	$0.08	3.1%	5.6%
CF	$183.97	$181.00	$0.40	-1.4%	5.6%
Totals				11.1%	5.6%
Category/Tranche	August	November	February	May	Total
Initial Investment	25,000	25,000	25,000	25,000	100,000
Percent Gain	16.4%	30.8%	40.9%	11.1%	24.8%
Current Balance	29,101	32,707	35,218	27,773	124,799
R3K Gain	23.9%	27.8%	13.2%	5.6%	17.6%
R3K Balance	30,981	31,954	28,293	26,400	117,626
Annualized IRR					41.5%

That February tranche is smoking!

Discretionary Portfolio

Stock	Gain	Cost	Price
GNW	86.8%	7.10	13.27
GTAT	39.8%	3.39	4.74
ACAS	6.4%	12.75	13.57
KLIC	0.2%	11.15	11.17
BAC-WTA	23.5%	5.10	6.29
HIG-WT	16.8%	19.21	22.44
Grand Total	38.4%