Weekend Update - Post Pops N Jazz

Weekend Update

Local high school had their annual "Pops N Jazz" concert last night.  I was blown away by the talent.  Terrific show - I think when I retire, I will continue to support the local high schools, they really do a nice job.

I am concerned about my leg.  I am going to "step up" my physical therapy at home.  My leg muscles on my bad leg really seem to be losing their tone.  Next week I will go to the doctor and schedule my surgery. I really need to get this behind me.

Last week was not a very good week.  I was down 1.9%. About 10% of that loss was from GTAT, which fell from $17.50 to $16.81.   While my loss this week felt "out sized", it was exactly on par with Russell 3000.  So for the year so far, I am up 7.1%, which is pretty decent in what has been a pretty flat market year to date.

MFI Portfolio

This portfolio continues to do very well, even though MFI in total (per my tracking portfolios) seems to be treading water thus far in 2014.  To illustrate that, my MFI Index is actually down 5 basis points this year.  The January 31st tracking portfolio is up 4.1%, while the R3K is up 3.9% in the same stretch. My February 1st tranche is up 8.1%.

For the year, my MFI is up 1.8%.  So not setting the world afire, but after a 50% gain last year, nice to see momentum continuing.

Here are my four open tranches:

5/6/2013	Start	Current	Dividend	Pct Gain	R3K Gain
KLIC	$11.40	$12.33	$0.00	8.2%	17.4%
CYOU	$29.24	$27.83	$0.00	-4.8%	17.4%
RDA	$9.74	$17.94	$0.10	85.3%	17.4%
NVDA	$13.85	$17.82	$0.32	31.0%	17.4%
CF	$183.97	$252.32	$2.80	38.7%	17.4%
Totals				31.7%	17.4%
8/15/2013	Start	Current	Dividend	Pct Gain	R3K Gain
CF	$187.26	$252.32	$2.00	35.8%	13.0%
FLR	$66.06	$74.33	$0.53	13.3%	13.0%
AGX	$15.60	$28.28	$0.75	86.1%	13.0%
KLIC	$11.29	$12.33	$0.00	9.2%	13.0%
RPXC	$15.92	$15.93	$0.00	0.1%	13.0%
Totals				28.9%	13.0%
11/15/13 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
AVG	$17.22	$20.58	$0.00	19.5%	3.9%
ATVI	$17.71	$21.00	$0.00	18.6%	3.9%
GA	$9.04	$11.40	$0.23	28.7%	3.9%
RPXC	$17.04	$15.93	$0.00	-6.5%	3.9%
SYNA	$48.01	$61.41	$0.00	27.9%	3.9%
Totals				17.6%	3.9%
2/1/14 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
ATVI	$17.13	$21.00	$0.00	22.6%	3.9%
KLAC	$61.47	$66.88	$0.45	9.5%	3.9%
RPXC	$16.22	$15.93	$0.00	-1.8%	3.9%
SNDK	$69.55	$73.28	$0.00	5.4%	3.9%
WNR	$39.11	$40.66	$0.26	4.6%	3.9%
Totals				8.1%	3.9%
Category/Tranche	August	November	February	May	Total
Initial Investment	25,000	25,000	25,000	25,000	100,000
Current Tranche	28.9%	17.6%	8.1%	31.7%	21.8%
Previous Tranche	14.1%	43.7%	78.3%	0.0%	31.4%
MFI Overall Gain	47.0%	69.1%	92.6%	31.7%	60.1%
Current Balance	36,755	42,274	48,157	32,915	160,101
R3K Current Tranche	13.0%	42.0%	3.9%	17.4%	19.1%
R3K Overall Gain	38.1%	42.0%	25.8%	17.4%	30.8%
R3K Balance	34,520	35,500	31,462	29,351	130,834
Annualized IRR	27.6%	48.4%	79.9%	37.8%	52.0%

As you can see, all four are beating the benchmarks.  The May 6th tranche just has about a month and a half to go.

Dividend Portfolio

Gotta love those piles of cash. This portfolio is down 40 basis points in 2014.  While I would prefer a better performance, it isn't exactly critical as this portfolio is more about the income than the total score. So far this quarter, I have actually received almost $10,000 (with my multiplier) in dividends.  And my portfolio (as it stands) will generate $64,400 a year in income.

I think I mentioned that I have transitioned FGL from my discretionary portfolio to my dividend portfolio. It is a position I intend to hold at least a year, and while it just initiated a 1% annual dividend, my expectation is that this would be ramped up every year until it is between 2 and 3%.

Current Holdings:

Stock	Shares	Avg Cost	Current Price	Dividends Received	Pct Change	R3K Change	Diff
AOD	13,818	8.02	8.29	6,188.89	9.0%	15.5%	-6.5%
BBEP	5,713	16.74	20.16	5,900.95	26.6%	8.9%	17.7%
CSQ	6,804	8.63	10.96	11,467.60	46.5%	49.2%	-2.7%
FGL	3,000	20.06	23.53	-	17.3%	0.7%	16.6%
FSC	6,646	9.65	9.40	553.61	-1.7%	0.2%	-1.9%
INTC	3,788	22.28	24.50	5,343.09	16.3%	33.4%	-17.1%
NTC	6,629	12.00	12.14	755.71	2.1%	0.5%	1.5%
O	585	20.46	42.32	8,916.85	181.4%	110.0%	71.3%
OIBAX	4,116	4.99	6.07	7,944.17	60.2%	115.0%	-54.8%
PM	1,000	78.60	79.89	-	1.6%	-0.1%	1.7%
TC-PT	4,000	15.39	13.35	5,686.40	-4.0%	17.6%	-21.6%
TGONF	7,000	10.27	10.50	2,367.50	5.5%	13.3%	-7.8%
TPVG	5,000	15.55	16.20	-	4.2%	-1.9%	6.1%

Expected Dividends:

Stock	Shares	Ann Dividend / Share	Yield	Projected Dividend	Worth
AOD	13,818	0.678	8.2%	9,368	114,549
BBEP	5,713	1.950	9.7%	11,141	115,178
CSQ	6,804	0.840	7.7%	5,716	74,575
FGL	3,000	0.260	1.1%	780	70,590
FSC	6,646	1.000	10.6%	6,646	62,472
INTC	3,788	0.900	3.7%	3,409	92,800
NTC	6,629	0.684	5.6%	4,534	80,476
O	585	2.170	5.1%	1,270	24,770
OIBAX	4,116	0.290	4.8%	1,194	24,982
PM	1,000	3.760	4.7%	3,760	79,890
TC-PT	4,000	1.600	12.0%	6,400	53,400
TGONF	7,000	0.600	5.7%	4,200	73,500
TPVG	5,000	1.200	7.4%	6,000	81,000

Upcoming Dividends:

Stock	Shares	x Date	Div/Share	Est New Shares	Amount
AOD	13,818	3/20/14	$         0.06	94.0	781
PM	1,000	3/23/14	$         0.94	11.0	940
OIBAX	4,116	3/30/14	$         0.02	12.0	74
O	585	3/30/14	$         0.18	2.0	107
SNDK	569	4/1/14	$         0.23	1.0	128
BBEP	5,713	4/7/14	$         0.16	46.5	938
CSQ	6,761	4/9/14	$         0.07	43.0	473
FSC	6,646	4/12/14	$         0.08	58.0	554
NTC	6,629	4/13/14	$         0.06	31.0	378
TC-PT	4,000	4/29/14	$         0.41	121.0	1,625
INTC	3,788	5/5/14	$         0.23	34.0	852

Discretionary Portfolio

Probably my best performing portfolio of late.  But also the most volatile - if the market drops sharply, I suspect this piece will get hit the hardest for me.  I did sell my SIRI yesterday, took about a 9% loss (Liberty Media pulls Sirius XM bid).  I thought about selling LMNS on Thursday went it went north of $12.80 (my cost basis is 12.71), but my intention was to hold through the quiet period.  That being said, I could have sold and then bought back a buck cheaper, but who knew?

Got some good news on my HIG-WT yesterday (Hartford Climbs on Nikkei Report of Japan Sale).  That caused them to spike nicely.

I will likely be not doing any buying here until the market shakes out a bit or I have sold some (think LMNS in next week or two).

Stock	Shares	Avg Cost	Current Price	Pct Change	R3K Change	Diff
BAC-WTA	6,000	5.35	7.99	49.3%	18.3%	31.0%
C	1,500	51.52	46.88	-9.0%	1.7%	-10.7%
CS	2,800	29.47	30.25	2.6%	3.0%	-0.4%
GNW	9,000	7.10	16.62	133.9%	39.0%	94.9%
GTAT	14,000	3.39	16.81	395.9%	19.4%	376.4%
HIG-WT	1,650	21.24	26.63	25.4%	13.7%	11.7%
IWM	126	119.28	117.54	-1.5%	-1.5%	0.1%
KLIC	7,000	11.48	12.33	7.5%	9.4%	-1.9%
LMNS	16,000	12.71	11.72	-7.8%	-1.0%	-6.8%
RIOM	25,000	2.25	2.36	4.8%	0.1%	4.7%
Total Open				41.3%	7.8%	33.6%
Closed				4.3%	2.2%	2.1%
Combined				14.3%	3.7%	10.6%

This portfolio was the beneficiary of a quick 5% gain on CALL on Thursday. If I had been alert, I could have easily done better than that on Friday as well (around $21 much of morning and closed at $22.76).  KLIC had a very nice week (not sure why). It was up about 4%.  As my readers know, this is one of my favorite stocks and I think they can get to $18.  All we need is a dividend or share buy back announcement. Other possibility is an activist investor.  I can wait.

Have a great weekend everyone.