The struggle continues in everything that is non MFI related. The oil and commodity swoon continues to crush my plays like KMF, HAL, NADL, TNH and TCMCF. Then the rumors and news around GNW continue to be negative (Genworth Falls as JPMorgan Sees Reserve Hole Outlasting Review). Even some of my MFI stocks (AGX, CBI & FLR) are getting caught up in potential for energy-related construction to dry-up (Still More Damage Ahead on Low Oil Prices for Big Engineering Construction Stocks: Sell Chicago Bridge & Iron).
So while this is not a financial disaster, it is a bit depressing. I am seriously considering putting a chunk of money in GARIX, this is a Greenblatt fund. I own some shares as I was grandfathered in through an investment is FSDAX, which was shut down. At least with a mutual fund, I know I will step away from the batter (it is up 11% this year, while I am down 8%).
MFI Select
My MFI Select portfolio is certainly one of my bight spots, up 11.6%.
| 2/1/14 Stocks | Start | Current | Dividend | Pct Gain | R3K Gain |
| $17.13 | $21.79 | $0.20 | 28.4% | 16.5% | |
| $61.47 | $70.66 | $18.40 | 44.9% | 16.5% | |
| RPXC | $16.22 | $13.60 | $0.00 | -16.2% | 16.5% |
| $69.55 | $104.47 | $0.83 | 51.4% | 16.5% | |
| WNR | $39.11 | $40.86 | $3.04 | 12.2% | 16.5% |
| Totals | 24.1% | 16.5% | |||
| Start | Current | Dividend | Pct Gain | R3K Gain | |
| AVG | $19.57 | $19.54 | $0.00 | -0.2% | 10.8% |
| CA | $29.54 | $30.82 | $0.75 | 6.9% | 10.8% |
| $22.79 | $27.50 | $0.38 | 22.4% | 10.8% | |
| NSR | $25.82 | $26.04 | $0.00 | 0.9% | 10.8% |
| $28.78 | $33.46 | $0.46 | 17.9% | 10.8% | |
| Totals | 9.6% | 10.8% | |||
| Start | Current | Dividend | Pct Gain | R3K Gain | |
| $24.40 | $27.50 | $0.19 | 13.5% | 6.1% | |
| AGX | $36.71 | $32.35 | $0.70 | -10.0% | 6.1% |
| ITRN | $21.32 | $21.67 | $0.19 | 2.5% | 6.1% |
| $9.34 | $11.49 | $0.04 | 23.5% | 6.1% | |
| $58.25 | $45.92 | $0.07 | -21.0% | 6.1% | |
| Totals | 1.7% | 6.1% | |||
| Start | Current | Dividend | Pct Gain | R3K Gain | |
| $64.80 | $62.39 | $0.00 | -3.7% | 1.8% | |
| IPCM | $38.45 | $46.13 | $0.00 | 20.0% | 1.8% |
| VIAB | $72.29 | $76.90 | $0.00 | 6.4% | 1.8% |
| NHTC | $12.19 | $13.74 | $0.00 | 12.7% | 1.8% |
| $4.40 | $4.39 | $0.00 | -0.2% | 1.8% | |
| Totals | 7.0% | 1.8% | |||
| Category/Tranche | August | November | February | May | Total |
| Initial Investment | 25,000 | 25,000 | 25,000 | 25,000 | 100,000 |
| Current Tranche | 1.7% | 7.0% | 24.1% | 9.6% | 10.7% |
| Previous Tranche | 41.4% | 14.2% | 78.3% | 33.0% | 39.5% |
| Tranche -2 | 14.1% | 43.7% | - | - | 14.5% |
| MFI Overall Gain | 64.0% | 75.7% | 121.3% | 45.7% | 76.7% |
| Current Balance | 41,008 | 43,919 | 55,325 | 36,433 | 176,684 |
| R3K Current Tranche | 6.1% | 1.8% | 16.5% | 10.8% | 8.8% |
| R3K Overall Gain | 54.8% | 59.2% | 41.1% | 31.8% | 46.7% |
| R3K Balance | 38,698 | 39,812 | 35,269 | 32,939 | 146,718 |
| Annualized IRR | 23.9% | 31.5% | 53.8% | 26.8% | 34.7% |
I actually got an unexpected present the other day. A $2 special dividend from WNR that I had not noticed showed up in my brokerage account! Woo-hoo. You can see my most recent 11/15 tranche is off to a strong start. The February tranche is also doing quite well with SNDK and KLAC.
MFI Simple Formula
Also up for the year (stepping away from the batter). Pretty much running on par with benchmark thus far. A new tranche is less than a month away.
| 10/1/2014 Stocks | Start | Current | Dividend | Pct Gain | R3K Gain |
| BAH | $23.52 | $27.53 | $0.11 | 17.5% | 5.6% |
| $45.55 | $49.22 | $0.22 | 8.5% | 5.6% | |
| CA | $27.87 | $30.82 | $0.25 | 11.5% | 5.6% |
| $41.70 | $37.42 | $0.33 | -9.5% | 5.6% | |
| $44.56 | $44.73 | $0.35 | 1.2% | 5.6% | |
| Totals | 5.8% | 5.6% |
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4 comments:
Marsh,
For me Garix is behind IWV in 2013 and also for the one year performance and the YTD.
I don't want to incur fees when you lag the index.
Of course this is a short period but he is real short of being talked about at cocktail parties.
Marshall, maybe I'm not reading this correctly but it looks like expenses are pretty high on this fund?
Garix is only 70% long so iwv probably isnt a good comparable. Just fyi
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