Wednesday, July 16, 2014

Back In New York

On Wall Street

Watching CNBC this morning actually on the corner of Wall Street.  That of course means Leo's Bagels.  Not sure which I like more, their bagels or their coffee.

Listening to the financial news, it is obvious I have missed many opportunities this year.  INTC had great earnings last night, I was so stupid to sell what I had called 100 times a core holding in the $24 range.  Then I saw IGT is getting bought, I had bought them on that basis and then settled for a small profit. So my selling this year has not exactly been well-timed.

As I kick myself, I should mention I am taking a course on Social Psychology this summer through Coursera.  I was reading the text book last night and they commented that things are always obvious in hindsight.  But getting things right in real time is a lot tougher. Otherwise we'd all be millionaires! I encourage my 33 followers to check out Coursera, it is pretty neat. The course I am taking is being taken this summer by 143,000 people!

The Struggle Is Real

I continue to struggle these past two weeks as you can see to the right.  I did get good news on BAC this morning (Bank of America Reports Second-quarter 2014 Net Income of $2.3 Billion, or $0.19 per Diluted Share, on Revenue of $22.0 Billion). That should cause my warrants to continue to climb towards a great price with my 2019 target date.

I also got good news on IBM in my kid's college funds (Daily Report: Apple and IBM Form ‘Landmark Partnership’ on Business Software).

Hi Ho, Hi Ho, It's Off To Work I Go

Off to work.  At some point my portfolio will bounce back. Still doing well in the larger scheme, I am up 11% on the year and am beating the index by 4 points for the year.  Road bumps do occur from time to time. One can always use hindsight to see how one could have done better.

2 comments:

John Carney said...

Marsh,

The dividend world at >2.6% is somewhat limited. I think that is what you said and I agree. HRB is the new boy for July and yield was 2.5% today.

If you have any time or interest I would appreciated it if you could look back and see what the returns for the 1 billion caps with dividends of 2% or more. I know that your data base is only 4 years.

If the returns were still good it would open the door for a lot more choices.

Thanks for your Blog and all of your work.

John Carney said...

Marsh,

Forget to add that there is a 85 year old study showing dividend stocks do well.

The major point in the study was that dividends are a barometer of earning quality and balance sheet strength.