Could not sleep last night, so have gotten up at 4 am - will have a cup of coffee, listen to the rain and type my blog. Last night was the first night I "slept" post-surgery without any narcotics. Woke up around 2:30, was warm (we are fixing AC this week and windows closed due to torrential rain) and leg could not find a comfortable spot.
I did watch a good movie (I had started it yesterday):
Adventureland
It is a cute coming of age movie with Kirsten Stewart and Jesse Eisenberg before they were famous. With my surgery, I decided to try re-subscribing to Netflix. I had tried them 2 1/2 years ago and I just was not pleased with their streaming selection. But now with House of Cards and then doing some digging on the Internet, I have a list of shows I am actually excited to start watching.
My Netflix List
Substantially OT, but here are the movies I have put on my list this week:
| Netflix List |
| Clueless |
| Revenge of the Bridesmaids |
| Bridget Jones: The Edge of Reason |
| A Fish Called Wanda |
| Adventureland |
| In the Loop |
| Punch-Drunk Love |
| Say Anything... |
| Mud |
| Zodiac |
| Pain & Gain |
| The Conversation |
| Dead Man |
| Fish Tank |
| Mitt |
| The Queen of Versailles |
| Man on Wire |
| The Thin Blue Line |
| The Usual Suspects |
| Glengarry Glen Ross |
| In Bruges |
| 2 Days in Paris |
| Bernie |
| The Trip |
Weekend Overview
As I mentioned the other day, it felt like a bad week - but it was ok. I was up 0.5%
| Index | Stock | Current | Weekly Change | Share | |
| 1 | GTAT | 13.21 | 13.89 | 5.2% | 8.5% |
| 2 | GNW | 18.22 | 17.64 | -3.2% | 8.4% |
| 3 | 14.15 | 13.83 | -2.3% | 5.4% | |
| 4 | AOD | 8.55 | 8.60 | 0.6% | 5.2% |
| 5 | BBEP | 19.83 | 20.55 | 3.6% | 5.1% |
| 6 | RPXC | 16.14 | 16.08 | -0.4% | 4.0% |
| 7 | PM | 86.40 | 85.77 | -0.7% | 3.7% |
| 8 | NTC | 12.58 | 12.59 | 0.1% | 3.7% |
| 9 | 20.79 | 20.35 | -2.1% | 3.6% | |
| 10 | FGL | 20.69 | 20.30 | -1.9% | 3.5% |
| 11 | CSQ | 11.41 | 11.51 | 0.9% | 3.5% |
| 12 | FSC | 9.27 | 9.25 | -0.2% | 3.3% |
| 13 | TPVG | 15.15 | 15.10 | -0.3% | 3.3% |
| 14 | LMNS | 8.93 | 9.01 | 0.9% | 3.1% |
| 15 | TGONF | 10.09 | 9.93 | -1.6% | 3.0% |
| 16 | RIOM | 1.97 | 1.95 | -1.0% | 3.0% |
| 17 | AVG | 19.00 | 19.95 | 5.0% | 2.8% |
| 18 | 88.84 | 90.99 | 2.4% | 2.3% | |
| 19 | AGX | 28.47 | 28.71 | 0.8% | 1.8% |
| 20 | HIG-WT | 26.37 | 25.60 | -2.9% | 1.8% |
| 21 | GA | 11.72 | 11.78 | 0.5% | 1.8% |
| 22 | 63.11 | 63.15 | 0.1% | 1.8% | |
| 23 | BAC-WTA | 7.12 | 6.81 | -4.4% | 1.8% |
| 24 | WNR | 40.02 | 39.73 | -0.7% | 1.7% |
| 25 | 12.55 | 12.79 | 1.9% | 1.7% | |
| 26 | 59.44 | 59.61 | 0.3% | 1.6% | |
| 27 | 23.02 | 24.37 | 5.9% | 1.4% | |
| 28 | NSR | 26.42 | 26.74 | 1.2% | 1.3% |
| 29 | 29.22 | 29.23 | 0.0% | 1.3% | |
| 30 | CA | 29.41 | 28.99 | -1.4% | 1.3% |
| 31 | CF | 235.66 | 240.74 | 2.2% | 1.3% |
| 32 | O | 43.78 | 43.88 | 0.0% | 1.1% |
| 33 | 6.17 | 6.17 | 0.0% | 1.1% | |
| 34 | 75.10 | 73.22 | -2.5% | 1.1% | |
| 35 | EDV | 102.17 | 105.23 | 3.0% | 0.6% |
| 36 | Grand Total | 0.5% | |||
That makes me up 4.75% on the year (R3K is up 1.75%). GTAT has once again supplanted GNW as my #1 holding (by a whisker). I think my only new stock on the week was KERX. I actually spent more of the week selling.
MFI Portfolio
I figured out the other day that my 35 MFI picks in my first 7 tranches (excluding the most recent May 6th tranche that is brand new), that 23 of them have beaten the R3K. That is a solid rate. My most recent tranche is also off to a very nice start (helped by CSCO this week). It is already up 2.4% and 4 of the 5 picks are beating R3K. Early days, but still, always encouraging to have a decent start.
I read a very bullish review of SNDK prospects for the next 2 to 3 years (SanDisk Investor's Day Presentations - The Best Makes The Case For Even Better). They are a very impressive company in a great space right now. I think I may add to another tranche later this year assuming they do not run away and hide.
| Start | Current | Dividend | Pct Gain | R3K Gain | |
| CF | $187.26 | $240.74 | $3.00 | 30.2% | 14.3% |
| $66.06 | $73.22 | $0.53 | 11.6% | 14.3% | |
| AGX | $15.60 | $28.71 | $0.75 | 88.8% | 14.3% |
| $11.29 | $13.83 | $0.00 | 22.5% | 14.3% | |
| RPXC | $15.92 | $16.08 | $0.00 | 1.0% | 14.3% |
| Totals | 30.8% | 14.3% | |||
| 11/15/13 Stocks | Start | Current | Dividend | Pct Gain | R3K Gain |
| AVG | $17.22 | $19.95 | $0.00 | 15.9% | 5.1% |
| $17.71 | $20.35 | $0.20 | 16.0% | 5.1% | |
| GA | $9.04 | $11.78 | $0.23 | 32.9% | 5.1% |
| RPXC | $17.04 | $16.08 | $0.00 | -5.6% | 5.1% |
| $48.01 | $59.61 | $0.00 | 24.2% | 5.1% | |
| Totals | 16.7% | 5.1% | |||
| 2/1/14 Stocks | Start | Current | Dividend | Pct Gain | R3K Gain |
| $17.13 | $20.35 | $0.20 | 20.0% | 5.1% | |
| $61.47 | $63.15 | $0.90 | 4.2% | 5.1% | |
| RPXC | $16.22 | $16.08 | $0.00 | -0.9% | 5.1% |
| $69.55 | $90.99 | $0.23 | 31.2% | 5.1% | |
| WNR | $39.11 | $39.73 | $0.52 | 2.9% | 5.1% |
| Totals | 11.5% | 5.1% | |||
| Start | Current | Dividend | Pct Gain | R3K Gain | |
| AVG | $19.57 | $19.95 | $0.00 | 1.9% | 0.0% |
| CA | $29.54 | $28.99 | $0.00 | -1.9% | 0.0% |
| $22.79 | $24.37 | $0.00 | 7.0% | 0.0% | |
| NSR | $25.82 | $26.74 | $0.00 | 3.6% | 0.0% |
| $28.78 | $29.23 | $0.00 | 1.6% | 0.0% | |
| Totals | 2.4% | 0.0% |
| Category/Tranche | August | November | February | May | Total |
| Initial Investment | 25,000 | 25,000 | 25,000 | 25,000 | 100,000 |
| Current Tranche | 30.8% | 16.7% | 11.5% | 2.4% | 15.9% |
| Previous Tranche | 14.1% | 43.7% | 78.3% | 33.0% | 40.7% |
| MFI Overall Gain | 49.2% | 67.7% | 98.7% | 36.3% | 63.0% |
| Current Balance | 37,306 | 41,923 | 49,676 | 34,063 | 162,968 |
| R3K Current Tranche | 14.3% | 43.6% | 5.1% | 0.0% | 15.8% |
| R3K Overall Gain | 39.7% | 43.6% | 27.3% | 18.8% | 32.4% |
| R3K Balance | 34,913 | 35,905 | 31,823 | 29,722 | 132,363 |
| Annualized IRR | 25.6% | 41.1% | 70.4% | 35.0% | 49.1% |
| Date | Differential | Value |
| -2.20% | 99,765 | |
| -1.78% | 102,798 | |
| -2.26% | 102,594 | |
| -2.23% | 102,881 | |
| -0.43% | 106,804 | |
| 2.00% | 110,423 | |
| 4.75% | 115,831 | |
| 4.29% | 114,888 | |
| 6.91% | 124,799 | |
| 10.46% | 124,536 | |
| 19.67% | 138,655 | |
| 19.75% | 143,514 | |
| 23.70% | 150,105 | |
| 26.63% | 157,138 | |
| 24.70% | 150,619 | |
| 25.66% | 158,116 | |
| 30.38% | 162,991 | |
| 29.65% | 162,428 | |
| Current | 30.60% | 162,968 |
You can see my MFI portfolio continues to stretch its lead over R3K. Ahead now by 30.6%.
Dividend Portfolio
I will tell you, I have not run this portfolio very effectively. Pretty much all the stocks I have sold in the past year have gone on the bigger and better things. The table below shows all my dividend portfolio sales in past 12 months (the CSCO share count is low for some reason, I will need to check on that).
| Stock | Sale Date | Shares | Sold Price | Current Price | Change |
| 4 | 518.57 | 597.51 | 15.2% | ||
| 1,534 | 6.05 | 7.01 | 15.9% | ||
| 12,235 | 6.50 | 7.01 | 7.8% | ||
| CIM | 8,388 | 2.91 | 3.07 | 5.5% | |
| 94 | 22.04 | 24.37 | 10.6% | ||
| CTCM | 10,000 | 9.53 | 9.34 | -2.0% | |
| 888 | 28.75 | 34.99 | 21.7% | ||
| FGL | 1,471 | 21.58 | 20.30 | -5.9% | |
| FGL | 1,000 | 21.40 | 20.30 | -5.1% | |
| 1,792 | 24.83 | 25.82 | 4.0% | ||
| IP | 1,172 | 45.98 | 46.57 | 1.3% | |
| NSU | 10,000 | 3.33 | 3.51 | 5.4% | |
| 648 | 47.87 | 41.60 | -13.1% | ||
| 6,211 | 9.39 | 10.05 | 7.0% | ||
| SLCA | 3,018 | 23.05 | 47.46 | 105.9% | |
| 1,171 | 23.53 | 30.15 | 28.1% | ||
| TC-PT | 1,000 | 13.00 | 16.14 | 24.1% | |
| TCRD | 4,200 | 16.67 | 13.03 | -21.8% | |
| Total | 10.68 | 11.97 | 12.1% |
You can see overall, the stocks I have sold have on average went up 12% post my sale. Clearly SLCA is a big piece of this, but there are other misses as well. In addition, this just shows prices - I also missed dividends (though arguably I have reinvested in other dividend stocks with similar yields).
Here is my current dividend portfolio, still has managed to be up 2.4% this year - despite my faux pas. The fact that this portfolio is starting to outperform, is likely a direct reflection on T bill rates dropping back to about 2.5%. Dividends stocks act like bonds and become more valuable as benchmark interest rates drop.
| Stock | Shares | Avg Cost | Current Price | Dividends Received | Pct Change | R3K Change | Diff |
| AOD | 14,005 | 8.02 | 8.60 | 8,532.19 | 14.8% | 16.1% | -1.3% |
| BBEP | 5,713 | 16.74 | 20.55 | 7,788.60 | 30.9% | 9.8% | 21.2% |
| CSQ | 6,905 | 8.67 | 11.51 | 12,579.25 | 53.7% | 49.4% | 4.4% |
| FGL | 4,000 | 20.69 | 20.30 | 195.00 | -1.6% | 1.9% | -3.6% |
| FSC | 8,264 | 9.57 | 9.25 | 1,675.47 | -1.2% | 0.6% | -1.8% |
| 700 | 67.21 | 63.15 | - | -6.0% | -0.3% | -5.8% | |
| NTC | 6,691 | 12.01 | 12.59 | 1,516.77 | 6.7% | 1.3% | 5.5% |
| O | 595 | 20.83 | 43.88 | 9,133.01 | 184.3% | 107.8% | 76.5% |
| 4,125 | 5.00 | 6.17 | 8,067.44 | 62.6% | 116.3% | -53.6% | |
| PM | 1,000 | 78.60 | 85.77 | 940.00 | 10.3% | 0.7% | 9.7% |
| TGONF | 7,000 | 10.27 | 9.93 | 2,367.50 | 0.0% | 14.2% | -14.2% |
| TPVG | 5,029 | 15.55 | 15.10 | 450.00 | -2.3% | -1.2% | -1.2% |
| Total Open | 53,245 | 14.8% | 13.1% | 1.8% | |||
| Closed | 12.4% | 11.0% | 1.3% | ||||
| Combined | 12.8% | 11.4% | 1.4% | ||||
| Annualized IRR Since 12/31/10 | 17.2% | ||||||
| 2014 Gain | 2.4% | ||||||
Discretionary Portfolio
Pretty funny, as you know one of my largest discretionary holdings is GNW. There was a video posted the other day of an interview with their CFO Martin Klein (Genworth CFO: Strong Balance Sheet Underpinning Stock Surge). I had to watch it as I know Marty. In my first job out of college, we worked together as entry level actuaries in Louisville Ky at a company called Capital Holding. He looks great (kept his hair and it isn't grey - bastard!) and he comes across as a knowledgeable CFO. He was always very, very smart - so I am not surprised he has become a senior officer at a S&P 500 company.
| Stock | Shares | Avg Cost | Current Price | Pct Change | R3K Change | Diff |
| BAC-WTA | 6,000 | 5.35 | 6.81 | 27.3% | 18.9% | 8.4% |
| EDV | 139 | 101.20 | 105.23 | 4.0% | 2.4% | 1.5% |
| GNW | 11,000 | 9.16 | 17.64 | 92.7% | 24.8% | 67.8% |
| GTAT | 14,000 | 8.64 | 13.89 | 60.8% | 5.4% | 55.4% |
| HIG-WT | 1,650 | 21.24 | 25.60 | 20.5% | 14.3% | 6.3% |
| 7,000 | 11.48 | 13.83 | 20.5% | 9.9% | 10.6% | |
| LMNS | 8,000 | 12.49 | 9.01 | -27.9% | -1.2% | -26.7% |
| RIOM | 25,000 | 2.25 | 1.95 | -13.4% | 0.6% | -14.0% |
| Total Open | 30.5% | 9.3% | 21.2% | |||
| Closed | 3.8% | 1.5% | 2.3% | |||
| Combined | 7.4% | 2.5% | 4.9% | |||
Now this table is not 100% correct. The LMNS position is actually 5,000. I plan to sell the rest of shares soon and am too lazy to fix it.
Wrap
I think we can all it a wrap. It is light outside, maybe I can fall asleep now.
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