While vacations are always nice - get to see some new places and spend some time with the family; it is equally nice to get back home. I believe humans need routines and when you are at home, it is easier to be in the routine. We did spend yesterday in Boston, coming back from Cape Cod. My son is heading into his Senior year of High School, so we did campus tours of Boston University and MIT.
Last week was my 2nd straight excellent week. So while the overall market volatility has not been that high, I do feel like I have been through the wringer a bit. Here are how my stocks did last week (note new MFI stocks have just a single day):
| Index | Stock | Current | Weekly Change | Share | |
| 1 | GTAT | 15.49 | 17.36 | 12.1% | 11.2% |
| 2 | GNW | 12.91 | 13.41 | 3.9% | 5.7% |
| 3 | 14.00 | 14.30 | 2.1% | 4.6% | |
| 4 | BBEP | 21.46 | 21.81 | 1.6% | 4.5% |
| 5 | AOD | 8.57 | 8.70 | 1.5% | 4.5% |
| 6 | RIOM | 2.51 | 2.73 | 8.8% | 3.4% |
| 7 | 22.54 | 23.36 | 3.6% | 3.4% | |
| 8 | NTC | 12.60 | 12.61 | 0.1% | 3.1% |
| 9 | 42.57 | 41.91 | -1.6% | 3.0% | |
| 10 | CSQ | 11.53 | 11.84 | 2.7% | 3.0% |
| 11 | FSC | 9.84 | 9.70 | -1.4% | 2.9% |
| 12 | TPVG | 15.15 | 15.50 | 2.3% | 2.9% |
| 13 | 10.67 | 10.39 | -2.6% | 2.8% | |
| 14 | 151.85 | 152.50 | 0.4% | 2.7% | |
| 15 | TGONF | 10.87 | 10.76 | -1.1% | 2.7% |
| 16 | 25.03 | 24.43 | -2.4% | 2.6% | |
| 17 | BAC-WTA | 6.75 | 6.70 | -0.7% | 2.4% |
| 18 | RPXC | 15.09 | 14.96 | -0.9% | 2.3% |
| 19 | NADL | 9.58 | 9.74 | 1.7% | 2.2% |
| 20 | AVG | 17.65 | 17.71 | 0.3% | 2.1% |
| 21 | TC | 2.77 | 2.84 | 2.5% | 2.0% |
| 22 | AGX | 34.98 | 37.05 | 5.9% | 2.0% |
| 23 | 91.43 | 94.03 | 2.8% | 1.9% | |
| 24 | 81.03 | 80.35 | -0.8% | 1.8% | |
| 25 | 72.34 | 74.07 | 2.4% | 1.7% | |
| 26 | TSL | 11.53 | 12.02 | 4.2% | 1.7% |
| 27 | TIME | 23.63 | 23.82 | 0.8% | 1.7% |
| 28 | WNR | 44.93 | 45.58 | 1.4% | 1.7% |
| 29 | HIG-WT | 25.35 | 26.51 | 4.6% | 1.6% |
| 30 | ITRN | 21.32 | 21.47 | 0.7% | 1.4% |
| 31 | 9.34 | 9.33 | -0.1% | 1.4% | |
| 32 | 58.25 | 58.32 | 0.1% | 1.4% | |
| 33 | NSR | 27.59 | 28.66 | 3.9% | 1.2% |
| 34 | CF | 246.87 | 252.41 | 2.2% | 1.1% |
| 35 | CA | 28.55 | 28.36 | -0.7% | 1.0% |
| 36 | O | 43.80 | 44.71 | 2.1% | 1.0% |
| 37 | 24.75 | 24.80 | 0.2% | 0.9% | |
| 38 | 6.09 | 6.15 | 1.0% | 0.9% | |
| 39 | Overall | 3.5% | 0.0% |
So clearly have to be pleased with 3.5% gain on the week. Of course GTAT being up 11% and RIOM almost 9% helped.
MFI Portfolio
Obviously the big news here was the starting of a new tranche with a 25% boost in invested dollars. As I mentioned, I am "paying" for that by drawing down some of my discretionary picks. I have started the process (sold TTOO, though about two days too early). So to explain how my added dollars work in my tables - in my summary table I show how each of the four tranches would be doing had they each started with $25,000 ($100,000 total). That component will stay unchanged as will my comparison with R3K. The part that will change is my annual IRR calculation with considers cash flows. So it will now be a little bit lowered with a bunch of extra funds added that have no gains associated with them.
| 11/15/13 Stocks | Start | Current | Dividend | Pct Gain | R3K Gain |
| AVG | $17.22 | $17.71 | $0.00 | 2.8% | 9.8% |
| $17.71 | $23.36 | $0.20 | 33.0% | 9.8% | |
| GA | $9.04 | $11.90 | $0.23 | 34.2% | 9.8% |
| RPXC | $17.04 | $14.96 | $0.00 | -12.2% | 9.8% |
| SYNA | $48.01 | $80.35 | $0.00 | 67.4% | 9.8% |
| Totals | 25.1% | 9.8% | |||
| 2/1/14 Stocks | Start | Current | Dividend | Pct Gain | R3K Gain |
| ATVI | $17.13 | $23.36 | $0.20 | 37.5% | 9.9% |
| KLAC | $61.47 | $74.07 | $1.40 | 22.8% | 9.9% |
| RPXC | $16.22 | $14.96 | $0.00 | -7.8% | 9.9% |
| SNDK | $69.55 | $94.03 | $0.53 | 36.0% | 9.9% |
| WNR | $39.11 | $45.58 | $0.78 | 18.5% | 9.9% |
| Totals | 21.4% | 9.9% | |||
| 5/6/2014 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AVG | $19.57 | $17.71 | $0.00 | -9.5% | 4.5% |
| CA | $29.54 | $28.36 | $0.25 | -3.2% | 4.5% |
| CSCO | $22.79 | $24.43 | $0.19 | 8.1% | 4.5% |
| NSR | $25.82 | $28.66 | $0.00 | 11.0% | 4.5% |
| RCII | $28.78 | $24.80 | $0.23 | -13.0% | 4.5% |
| Totals | -1.3% | 4.5% | |||
| 8/15/2014 | Start | Current | Dividend | Pct Gain | R3K Gain |
| CSCO | $24.40 | $24.43 | $0.00 | 0.1% | 0.0% |
| AGX | $36.71 | $37.05 | $0.00 | 0.9% | 0.0% |
| ITRN | $21.32 | $21.47 | $0.00 | 0.7% | 0.0% |
| $9.34 | $9.33 | $0.00 | -0.1% | 0.0% | |
| $58.25 | $58.32 | $0.00 | 0.1% | 0.0% | |
| Totals | 0.4% | 0.0% | |||
| Category/Tranche | August | November | February | May | Total |
| Initial Investment | 25,000 | 25,000 | 25,000 | 25,000 | 100,000 |
| Current Tranche | 0.4% | 25.1% | 21.4% | -1.3% | 11.0% |
| Previous Tranche | 41.4% | 43.7% | 78.3% | 33.0% | 55.2% |
| Tranche -2 | 14.1% | - | - | - | 3.5% |
| MFI Overall Gain | 61.9% | 79.8% | 116.4% | 31.3% | 72.3% |
| Current Balance | 40,472 | 44,939 | 54,103 | 32,813 | 172,327 |
| R3K Current Tranche | 19.4% | 50.1% | 9.9% | 4.5% | 21.0% |
| R3K Overall Gain | 45.9% | 50.1% | 33.1% | 24.2% | 37.0% |
| R3K Balance | 36,469 | 37,524 | 33,264 | 29,722 | 136,980 |
| Annualized IRR | 27.2% | 39.8% | 65.2% | 23.7% | 40.0% |
Looking at my MFI stocks this week, CSCO was in the news big time with so-so earnings. I felt the mini sell-off was a good entry point for my August tranche (Cisco: Buy the Dip). Then ITRN (my newest stock) had what I felt were very solid earnings - I am excited by this pick (Ituran Location And Control Ltd. Presents Results For The Second Quarter ). BRCD will announce next week (on the 21st) so we will find out relatively quickly whether they were the better pick over NUS.
Discretionary Portfolio
The GTAT move this week really helped. Also RIOM, TSL and GNW had solid weeks. So while I was a bit down on this portfolio last week - it does seem to be redeeming itself a mite. I will probably need to move part of my AGX into this portfolio, I did not sell my excess AGX from August 2013 MFI tranche. So the component that is not in MFI 2014 needs to be considered discretionary. I have also toyed with not selling my KLIC from August 2013 and making it now discretionary - but I am trying to be $ neutral with additional 25% to MFI and the cuts have to come from somewhere.
| Stock | Shares | Avg Cost | Current Price | Pct Change | R3K Change | Diff |
| BAC-WTA | 10,000 | 5.91 | 6.70 | 13.4% | 14.2% | -0.8% |
| GNW | 11,880 | 9.48 | 13.41 | 41.4% | 26.9% | 14.4% |
| GTAT | 18,000 | 10.49 | 17.36 | 65.4% | 6.1% | 59.3% |
| HIG-WT | 1,650 | 21.24 | 26.51 | 24.8% | 19.0% | 5.9% |
| 7,000 | 11.48 | 14.30 | 24.6% | 14.4% | 10.2% | |
| RIOM | 25,000 | 2.01 | 2.73 | 35.5% | 4.6% | 30.9% |
| TC | 20,000 | 2.94 | 2.84 | -3.4% | -1.1% | -2.3% |
| 7,500 | 10.78 | 10.39 | -3.6% | -0.3% | -3.4% | |
| TSL | 4,000 | 11.13 | 12.02 | 8.0% | -0.5% | 8.6% |
| Total Open | 31.4% | 9.8% | 21.6% | |||
| Closed | 2.4% | 1.2% | 1.2% | |||
| Combined | 6.3% | 2.3% | 4.0% | |||
Dividend Portfolio
I was happy to see that David Einhorn took a large stake in TIME, I felt that vindicated my purchase to some extent (Einhorn’s Greenlight Sells Apple Shares; Buys Time Stake). My purchase on TNH is already beginning to pay dividends (sorry, could not resist). TPVG announced earnings that under-whelmed me this past week (TriplePoint Venture Growth BDC Corp. Announces Second Quarter 2014 Financial Results and Third Quarter 2014 Dividend of $0.32 Per ). I am really tempted to sell and make a small profit. However, even though I am not exactly a whale, the volume on TPVG is so light it is a bit difficult for me to exit (9,000 shares traded yesterday). So i expect I will hang in there for another quarter - but if I see a good exit point, I may take advantage.
| Stock | Shares | Avg Cost | Current Price | Dividends Received | Pct Change | R3K Change | Diff |
| AOD | 14,186 | 8.03 | 8.70 | 10,916.30 | 17.9% | 20.6% | -2.7% |
| BBEP | 5,713 | 16.74 | 21.81 | 10,650.92 | 41.4% | 14.2% | 27.2% |
| CSQ | 7,001 | 8.72 | 11.84 | 14,277.43 | 59.2% | 54.4% | 4.8% |
| FSC | 8,395 | 9.57 | 9.70 | 3,767.52 | 6.1% | 4.6% | 1.4% |
| 2,000 | 40.55 | 41.91 | 440.00 | 3.9% | 3.6% | 0.3% | |
| NADL | 6,366 | 9.60 | 9.74 | 1,200.00 | 3.4% | 2.0% | 1.4% |
| NTC | 6,784 | 12.02 | 12.61 | 2,671.53 | 8.2% | 5.4% | 2.9% |
| O | 600 | 21.02 | 44.71 | 9,460.47 | 187.7% | 114.2% | 73.4% |
| 4,147 | 5.00 | 6.15 | 8,261.12 | 62.8% | 124.3% | -61.6% | |
| TGONF | 7,000 | 10.27 | 10.76 | 3,452.50 | 9.5% | 18.8% | -9.3% |
| TIME | 2,000 | 22.89 | 23.82 | - | 4.1% | -0.2% | 4.2% |
| 500 | 148.10 | 152.50 | 1,555.00 | 5.1% | 2.0% | 3.1% | |
| TPVG | 5,128 | 15.54 | 15.50 | 1,958.70 | 2.2% | 2.9% | -0.7% |
| Total Open | 68,611 | 18.6% | 15.9% | 2.7% | |||
| Closed | 12.0% | 10.9% | 1.1% | ||||
| Combined | 13.1% | 11.7% | 1.4% | ||||
| Annualized IRR Since 12/31/10 | 17.5% | ||||||
| 2014 Gain | 6.4% | ||||||
Here are some of my upcoming dividends. I do love collecting the money!
| Stock | Shares | x Date | Div/Share | Est New Shares | Amount |
| AOD | 14,276 | $ 0.057 | 92.0 | 807 | |
| TPVG | 5,128 | $ 0.300 | 99.0 | 1,538 | |
| CA | 1,013 | $ 0.250 | 8.0 | 253 | |
| O | 603 | $ 0.183 | 2.0 | 110 | |
| 4,167 | $ 0.015 | 10.0 | 63 | ||
| BBEP | 5,713 | $ 0.168 | 43.9 | 957 | |
| CSQ | 7,051 | $ 0.083 | 49.0 | 588 | |
| FSC | 8,468 | $ 0.083 | 72.0 | 706 | |
| NTC | 6,784 | $ 0.057 | 30.0 | 387 | |
| NADL | 6,366 | 9/12/14 | $ 0.240 | 156.0 | 1,528 |
| RCII | 1,041 | 9/30/14 | $ 0.230 | 9.0 | 239 |
Actually, I think TPVG bumped their's to 32 cents. Will need to check.
Overall MFI For 2014
My MFI Index for 2014 continues to struggle. I have it up 5.3%, which is 100 basis points behind the R3K. It did go up 1.7% this week, with UNTD and LQDT making double digit gains. Looking at my 12 open monthly tracking portfolios, only one is beating R3K and the 12 on average are trailing by 4 points. It is becoming a bit of an uphill struggle.
Week By Week Graph For 2014
Here is my week by week graph for 2014. I think it really shows my rollercoaster effect, where I had pulled way ahead of the benchmark at end of June. Gave that all back in July. And now I have re-accelerated in August.
 |
| Schloss 1 |
In Closing
For my next few blogs, I am going to list Walter Schloss' investing principles as I think it is important to keep them front and center. It is so easy to get carried away in the emotions of the market.
I did want to close showing the "contest" I started at the beginning of the year. I picked 10 stocks and have tracked my ten picks against the top ten by several of the brokerage houses along with Eric, who reads this blog. The GNW crash really hurt my performance.
| Player | Stock | Start | Current | Dividends | Change |
| MFI Diary | GNW | 15.53 | 13.41 | - | -13.7% |
| GTAT | 8.72 | 17.36 | - | 99.1% | |
| 11.34 | 8.76 | 0.31 | -20.1% | ||
| HIMX | 14.72 | 7.69 | - | -47.8% | |
| HIG-WT | 27.53 | 26.51 | - | -3.7% | |
| 13.30 | 14.30 | - | 7.5% | ||
| CF | 233.04 | 252.41 | 2.00 | 9.2% | |
| BAC-WTA | 6.47 | 6.70 | - | 3.6% | |
| RPXC | 16.90 | 14.96 | - | -11.5% | |
| 17.83 | 23.36 | 0.20 | 32.1% | ||
| Total | 5.5% | ||||
| Player | Stock | Start | Current | Dividends | Change |
| Barron's | 17.63 | 18.95 | 0.10 | 8.1% | |
| 33.10 | 41.73 | 0.41 | 27.3% | ||
| DE | 91.33 | 84.80 | 0.51 | -6.6% | |
| GM | 40.87 | 33.84 | 0.30 | -16.5% | |
| 25.96 | 34.17 | 0.45 | 33.4% | ||
| 53.92 | 52.48 | 0.63 | -1.5% | ||
| 73.59 | 77.14 | 2.42 | 8.1% | ||
| 152.16 | 168.85 | 2.55 | 12.6% | ||
| AAL | 30.02 | 39.19 | - | 30.5% | |
| C | 52.11 | 48.72 | 0.02 | -6.5% | |
| Total | 8.9% | ||||
| Player | Stock | Start | Current | Dividends | Change |
| ML/BAC | 43.40 | 49.74 | 0.48 | 15.7% | |
| 90.81 | 105.74 | 1.20 | 17.8% | ||
| 31.85 | 40.40 | 0.54 | 28.5% | ||
| C | 52.11 | 48.72 | 0.02 | -6.5% | |
| 22.43 | 24.43 | 0.36 | 10.5% | ||
| 63.37 | 72.11 | - | 13.8% | ||
| 101.20 | 99.03 | 1.26 | -0.9% | ||
| GM | 40.87 | 33.84 | 0.30 | -16.5% | |
| NEE | 85.62 | 96.38 | 0.73 | 13.4% | |
| 53.38 | 52.00 | 0.37 | -1.9% | ||
| Total | 7.4% | ||||
| Player | Stock | Start | Current | Dividends | Change |
| Eric Y | CA | 33.65 | 28.36 | 0.50 | -14.2% |
| 17.15 | 20.49 | 0.65 | 23.3% | ||
| 22.43 | 24.43 | 0.36 | 10.5% | ||
| LO | 50.68 | 60.55 | 1.23 | 21.9% | |
| 29.93 | 28.04 | 0.42 | -4.9% | ||
| 37.41 | 44.79 | 0.56 | 21.2% | ||
| PETS | 16.63 | 14.01 | 0.34 | -13.7% | |
| 73.09 | 50.30 | 1.08 | -29.7% | ||
| SPOK | 14.28 | 14.90 | 0.25 | 6.1% | |
| 34.25 | 34.02 | - | -0.7% | ||
| Total | 2.0% | ||||
| Player | Stock | Start | Current | Dividends | Change |
| Cantor/Fitz | 80.15 | 97.98 | 0.91 | 23.4% | |
| 22.57 | 22.99 | - | 1.9% | ||
| DLR | 49.12 | 65.50 | - | 33.3% | |
| FB | 54.65 | 73.63 | - | 34.7% | |
| GOOG | 1,120.71 | 1,146.96 | - | 2.3% | |
| 68.93 | 58.99 | - | -14.4% | ||
| SPLK | 68.67 | 42.75 | - | -37.7% | |
| 7.29 | 9.31 | - | 27.7% | ||
| 111.35 | 121.55 | - | 9.2% | ||
| VSTM | 11.40 | 8.99 | - | -21.1% | |
| Total | 5.9% |
Posts
No comments:
Post a Comment