Greetings from Boston. The town is abuzz with the running of the Marathon on Monday. We will not be partaking, we come back home later today. Still, it is cool to be here and see participants and pageantry all around.
Welcome to the almost world-famous MFI Diary. This is a diary I have been maintaining since February 2006 (damn, that is a long time) tracking my "adventures" in investing real money in the methods discussed in "The Little Book That Beats The Markets". I also spend some time discussing my MFI (Magic Formula Investing) Index and various MFI tracking portfolios that I have created over time.
And as a free bonus, I also discuss how my non-MFI investments are doing (generally poorly) in 2nd half of my blog.
I did create a guide recently for new readers to my blog that point you to some fascinating/interesting posts.
Onwards.
Last Week
Tis frustrating. I continue to be a very poor speculative/short term trader/investor. I just panic. Perhaps it is because I put too many dollars in these things, so I really notice when bad news happens. But the frustrating part is that most the time, after I panic and sell - the stock bounces back. More on that in the Misc section.
It was a better week, up 1%. But I still lost ground to benchmarks. Again, in part because I did panic on one stock... but the losing ground was across the board, so hard to blame one stock or one portfolio. As I said, tis a wee bit frustrating.
| Component | YTD | Week Change |
| Overall | -2.3% | +1.0% |
| MFI Select | +1.1% | +0.8% |
| MFI Formula | +2.4% | +1.0% |
| MFI Combined | +1.7% | +0.9% |
| Miscellaneous | -9.5% | +0.3% |
| Dividend | -1.9% | +1.5% |
| Dividend Index | -3.1% | +0.7% |
| R3K Index | -0.1% | +2.0% |
| Blended Index | -1.4% | +1.4% |
| MFI Index | +9.4% | +1.9% |
| GARIX | +0.1% | +1.1% |
So here we are as we pass mid April. Overall, I am down 2.3%. That compares against blended index of down 1.4%. My MFI combined (real money) is up 1.7% and my dividend portfolio is beating the dividend index... so pretty clearly Misc is the problem area. The MFI Index (basket of 50 hypothetical stocks), continues to be the best performer, up 9.4% so far in this tough investing year. Ok, enough lamenting. Hopefully some of the seeds I have planted bear some darned fruit!
MFI Select
I have two real $ MFI Portfolios. The first is MFI Select, which I began in August 2012. It consists of 4 tranches of 5 stocks. As the name suggests, I can select whatever stocks I want - even if not on official list. I run my own screens as well. I had quit MFI in total back in the summer of 2011 (you can read about my frustration in blogs back in June, July and August of 2011) as my performance was not very good and I was frankly not adhering to the rules all the time. With the reboot, I swore (to myself) to always hold for a year (don't panic, nor get anxious to take profits) and I also studied past performance and attempted to avoid fake MFI stocks.
Here are my results over time (quarter by quarter) - assuming I started with $100,000 spread evenly over the first 4 tranches and then rolled over at each anniversary:
| Date | Differential | MFI Value | R3K Value |
| 1/1/2013 | -1.78% | 102,798 | 104,575 |
| 4/1/2013 | -0.43% | 106,804 | 107,234 |
| 7/1/2013 | 4.29% | 114,888 | 110,597 |
| 10/1/2013 | 19.67% | 138,655 | 118,990 |
| 1/1/2014 | 26.63% | 157,138 | 130,503 |
| 4/1/2014 | 30.38% | 162,991 | 132,616 |
| 7/1/2014 | 39.23% | 177,971 | 138,740 |
| 10/1/2014 | 29.38% | 168,321 | 138,944 |
| 1/1/2015 | 28.17% | 174,306 | 146,140 |
| 4/1/2015 | 29.95% | 178,565 | 148,612 |
| 7/1/2015 | 62.69% | 211,437 | 148,743 |
| 10/1/2015 | 43.12% | 181,175 | 138,052 |
| 1/1/2016 | 63.33% | 209,514 | 146,186 |
| 4/1/2016 | 47.34% | 195,770 | 148,430 |
| 7/1/2016 | 50.41% | 201,092 | 150,680 |
| 10/1/2016 | 42.98% | 198,563 | 155,582 |
| 1/1/2017 | 45.60% | 209,503 | 163,936 |
| 4/1/2017 | 55.70% | 229,473 | 173,735 |
| 7/1/2017 | 60.28% | 239,060 | 178,782 |
| 10/1/2017 | 75.60% | 262,489 | 186,886 |
| 1/1/2018 | 92.19% | 291,114 | 198,926 |
| 4/1/2018 | 96.21% | 293,665 | 197,451 |
| Current | 92.64% | 291,275 | 198,639 |
So the $100,000 would have grown to $291,275 (in reality I obviously didn't start with $100,000 and I often add $ at anniversary dates - around 30% adds last year and this year as I gain more confidence that this works). You can see the 2nd quarter 2018 is not off to a roaring start.
Here are the 4 open tranches:
| 5/6/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| WSTC | $24.15 | $23.50 | $0.00 | -2.7% | 12.4% |
| TGNA | $25.75 | $20.03 | $0.28 | -21.1% | 12.4% |
| TIME | $15.05 | $18.50 | $0.08 | 23.5% | 12.4% |
| MSGN | $23.55 | $22.35 | $0.00 | -5.1% | 12.4% |
| QCOM | $54.93 | $55.73 | $2.28 | 5.6% | 12.4% |
| Totals | 0.0% | 12.4% | |||
| 8/15/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| GHC | $591.10 | $609.40 | $2.54 | 3.5% | 9.4% |
| ICHR | $19.80 | $25.69 | $0.00 | 29.7% | 9.4% |
| MD | $43.00 | $52.59 | $0.00 | 22.3% | 9.4% |
| SIMO | $43.05 | $48.79 | $0.60 | 14.7% | 9.4% |
| RHI | $44.15 | $58.56 | $0.76 | 34.4% | 9.4% |
| Totals | 20.9% | 9.4% | |||
| 11/15/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| MSGN | $16.67 | $22.35 | $0.00 | 34.1% | 4.3% |
| CELG | $100.60 | $89.40 | $0.00 | -11.1% | 4.3% |
| EVC | $5.78 | $4.80 | $0.10 | -15.2% | 4.3% |
| SIMO | $46.88 | $48.79 | $0.30 | 4.7% | 4.3% |
| VIAB | $24.41 | $30.70 | $0.40 | 27.4% | 4.3% |
| Totals | 8.0% | 4.3% | |||
| 2/1/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AGX | $43.55 | $37.60 | $0.00 | -13.7% | -5.0% |
| CASA | $18.81 | $30.34 | $0.00 | 61.3% | -5.0% |
| KLAC | $109.80 | $107.59 | $0.59 | -1.5% | -5.0% |
| THO | $136.33 | $107.55 | $0.37 | -20.8% | -5.0% |
| WDC | $87.74 | $89.93 | $0.50 | 3.1% | -5.0% |
| Totals | 5.7% | -5.0% |
The May 6th tranche is my one laggard. It (obviously) only has about 3 weeks to go. I need to start thinking about the 5 new stocks. AGX sold off this week on earnings, my view was the sell off was unjustified. Here is a table showing overall/summarized performance over time.
| Category/Tranche | August | November | February | May | Total |
| Initial Investment | 25,000 | 25,000 | 25,000 | 25,000 | 100,000 |
| Current Tranche | 20.9% | 8.0% | 5.7% | 0.0% | 8.2% |
| Previous Tranche | -0.1% | 42.6% | 74.9% | 19.1% | 34.6% |
| Tranche -2 | 2.8% | 8.0% | 10.7% | -25.2% | -0.9% |
| Tranche -3 | 11.2% | 69.4% | -14.3% | 18.3% | 21.2% |
| Tranche -4 | 41.4% | 14.2% | 8.5% | 33.0% | 24.3% |
| Tranche -5 | 14.1% | 43.7% | 78.3% | 0.0% | 34.0% |
| MFI Overall Gain | 122.9% | 362.8% | 239.2% | 40.1% | 191.3% |
| Current Balance | 55,724 | 115,706 | 84,809 | 35,035 | 291,275 |
| R3K Current Tranche | 9.4% | 4.3% | -5.0% | 12.4% | 5.3% |
| R3K Overall Gain | 109.6% | 113.8% | 91.7% | 79.4% | 98.6% |
| R3K Balance | 52,401 | 53,462 | 47,931 | 44,845 | 198,639 |
| Annualized IRR | 15.2% | 32.7% | 26.5% | 7.1% | 20.4% |
If you look at current tranche row, you see in aggregate up 8.2%, whilst R3K (Russell 3000) is up 5.3%. In total (bottom right corner), my annualized IRR is 20.4%. You can also see current balance is $291,275, which ties to the first table showing quarter by quarter growth of initial $100,000.
Here are how my stocks did in past week:
| Stock | Last Week | Current | Dividend | Change |
| MSGN | 22.55 | 22.35 | - | -0.9% |
| SIMO | 47.68 | 48.79 | - | 2.3% |
| VIAB | 30.90 | 30.70 | - | -0.6% |
| CASA | 27.51 | 30.34 | - | 10.3% |
| KLAC | 104.07 | 107.59 | - | 3.4% |
| THO | 112.97 | 107.55 | - | -4.8% |
| AGX | 43.15 | 37.60 | - | -12.9% |
| WDC | 87.77 | 89.93 | - | 2.5% |
| EVC | 4.90 | 4.80 | - | -2.0% |
| ICHR | 23.24 | 25.69 | - | 10.5% |
| CELG | 86.95 | 89.40 | - | 2.8% |
| RHI | 57.15 | 58.56 | - | 2.5% |
| MD | 54.67 | 52.59 | - | -3.8% |
| QCOM | 53.12 | 55.73 | - | 4.9% |
| GHC | 599.10 | 609.40 | - | 1.7% |
| TGNA | 20.50 | 20.03 | - | -2.3% |
So here you can see the AGX selloff on earnings. CASA and ICHR (easily my two most volatile stocks) had nice pops in this good week.
MFI Formula
My second real money MFI portfolio is called MFI Formula. This is because the socks get picked via a formula (I know, a formula of a magic formula) plus a random number generator. You can go back to start of April blog and read all about the process if you'd like. Essentially, I filter of market cap and dividend yield. Here are same tables (I started this approach in October 2014):
| Date | Differential | Value | R3K Value |
| 10/1/2014 | 0.00% | 100,000 | 100,000 |
| 1/1/2015 | -0.33% | 100,664 | 100,995 |
| 4/1/2015 | 5.09% | 106,781 | 101,695 |
| 7/1/2015 | 4.82% | 106,423 | 101,604 |
| 10/1/2015 | 6.39% | 100,703 | 94,312 |
| 1/1/2016 | -3.36% | 96,830 | 100,012 |
| 4/1/2016 | 0.34% | 102,371 | 101,548 |
| 7/1/2016 | -0.19% | 103,022 | 103,216 |
| 10/1/2016 | -0.85% | 106,377 | 107,230 |
| 1/1/2017 | 1.57% | 113,406 | 111,832 |
| 4/1/2017 | -1.86% | 116,227 | 118,091 |
| 7/1/2017 | -2.40% | 119,144 | 121,545 |
| 10/1/2017 | -2.56% | 124,448 | 127,007 |
| 1/1/2018 | -3.63% | 131,460 | 135,086 |
| 4/1/2018 | -0.16% | 133,734 | 133,898 |
| Current | 0.61% | 135,204 | 134,597 |
An absolute push with just passive investing in R3K index. Still, in today's value-challenged market that is likely an acceptable result (certainly better than my Misc approach).
| 7/1/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| CSCO | $30.98 | $43.00 | $0.91 | 41.7% | 11.0% |
| GME | $20.95 | $13.61 | $1.14 | -29.6% | 11.0% |
| HPQ | $17.60 | $21.77 | $0.40 | 26.0% | 11.0% |
| RGR | $60.70 | $54.95 | $0.67 | -8.4% | 11.0% |
| SYNT | $16.21 | $25.28 | $0.00 | 56.0% | 11.0% |
| Totals | 17.1% | 11.0% | |||
| 10/1/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| DIN | $43.14 | $71.94 | $1.60 | 70.5% | 6.2% |
| GILD | $82.85 | $75.22 | $1.09 | -7.9% | 6.2% |
| GME | $20.50 | $13.61 | $0.76 | -29.9% | 6.2% |
| HPQ | $20.22 | $21.77 | $0.27 | 9.0% | 6.2% |
| OMC | $74.80 | $71.86 | $1.15 | -2.4% | 6.2% |
| Totals | 7.9% | 6.2% | |||
| 1/2/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AMGN | $177.11 | $171.48 | $1.32 | -2.4% | -0.7% |
| GME | $18.06 | $13.61 | $0.38 | -22.5% | -0.7% |
| GILD | $71.64 | $75.22 | $0.57 | 5.8% | -0.7% |
| HRB | $26.34 | $26.05 | $0.24 | -0.2% | -0.7% |
| OMC | $72.81 | $71.86 | $0.60 | -0.5% | -0.7% |
| Totals | -4.0% | -0.7% | |||
| 4/3/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AMGN | $166.46 | $171.48 | $0.00 | 3.0% | 2.6% |
| VIAB | $29.20 | $30.70 | $0.00 | 5.1% | 2.6% |
| GILD | $72.71 | $75.22 | $0.00 | 3.5% | 2.6% |
| TUP | $47.32 | $41.71 | $0.00 | -11.9% | 2.6% |
| EGOV | $13.29 | $14.00 | $0.00 | 5.4% | 2.6% |
| Totals | 1.0% | 2.6% |
My oldest tranches are leading, but most recent tranches trailing (does seem like a push). The 4/3/18 tranche had a setback this week as TUP pre-announced that sales were struggling.
| Category/Tranche | October | January | April | July | Total |
| Initial Investment | 249,820 | 249,939 | 250,180 | 249,728 | 999,667 |
| Current Tranche | 7.9% | -4.0% | 1.0% | 17.1% | 4.8% |
| Previous Tranche | 7.0% | 16.5% | 21.3% | 26.7% | 17.4% |
| Tranche -2 | 5.5% | 9.3% | 25.2% | -12.5% | 6.9% |
| Tranche -3 | 0.5% | 11.0% | -0.2% | 0.0% | 2.8% |
| MFI Overall Gain | 22.3% | 35.7% | 53.0% | 29.9% | 35.2% |
| Current Balance | 305,540 | 339,214 | 382,868 | 324,414 | 1,352,036 |
| R3K Current Tranche | 6.2% | -0.7% | 2.6% | 11.0% | 4.8% |
| R3K Overall Gain | 42.5% | 34.0% | 32.9% | 29.2% | 34.6% |
| R3K Balance | 355,997 | 334,825 | 332,525 | 322,626 | 1,345,974 |
| Annualized IRR | 5.9% | 9.7% | 15.0% | 9.8% | 10.1% |
Just so close with benchmark everywhere: current tranche 4.8% to 4.8%. Overall 35.25 to 34.6%. Still, while a 10.1% annualized IRR isn't as good as 20% from Select - it is certainly not bad either. And MFI Select started in better environment for value stocks (2012). Basically, I am saying I think Formula is working. It does tend to be more concentrated though.
Here are how stocks fared this past week:
| Stock | Last Week | Current | Dividend | Change |
| GILD | 73.41 | 75.22 | - | 2.5% |
| AMGN | 168.14 | 171.48 | - | 2.0% |
| OMC | 71.74 | 71.86 | - | 0.2% |
| GME | 13.43 | 13.61 | - | 1.3% |
| HPQ | 20.78 | 21.77 | - | 4.8% |
| VIAB | 30.90 | 30.70 | - | -0.6% |
| EGOV | 13.75 | 14.00 | - | 1.8% |
| TUP | 47.34 | 41.71 | - | -11.9% |
| DIN | 71.69 | 71.94 | - | 0.3% |
| SYNT | 25.06 | 25.28 | - | 0.9% |
| HRB | 25.51 | 26.05 | - | 2.1% |
| CSCO | 40.73 | 43.00 | - | 5.6% |
| RGR | 54.90 | 54.95 | - | 0.1% |
You can see the TUP issues this week. Everything else was decent.
Dividend Portfolio
That is the end of MFI stuff. I now move on to my non MFI stuff: Dividends and Miscellaneous. My dividend portfolio is the largest leg of my investing stool as I am now retired and want a chunk of money just producing an income stream. I know a dividend/income type portfolio will likely over time not have total returns as high as just stocks (especially in increasing rate environment), so I compare against a index of 40 income securities Barron's published in December.
Here are my dividend/income holdings (I am more concerned with income stream staying constant/increasing than the market saying the overall value is going up):
| Dividend Stocks | Start | Current | Divvy | Overall Pct Gain | Weekly Pct Gain | 12/30/17 Price | Yield | 2018 |
| TK | 7.43 | 8.77 | 0.08 | 19.0% | 7.7% | 9.32 | 2.5% | -5.9% |
| OIBAX | 5.91 | 6.03 | 0.25 | 6.2% | -0.3% | 5.96 | 3.9% | 1.2% |
| NS | 29.41 | 20.72 | 0.91 | -26.4% | 3.8% | 29.95 | 11.6% | -30.8% |
| KCLI | 48.89 | 42.75 | 0.60 | -11.3% | -2.2% | 45.25 | 2.5% | -5.5% |
| GLOP-PB | 25.36 | 25.45 | 0.33 | 1.6% | 0.0% | 25.36 | 5.2% | 0.4% |
| TGP | 18.28 | 18.20 | 0.14 | 0.4% | 1.4% | 20.15 | 3.1% | -9.7% |
| AMID | 11.87 | 11.00 | 0.18 | -5.8% | 0.5% | 13.35 | 15.0% | -17.6% |
| KNOP | 21.30 | 20.15 | 0.52 | -3.0% | 1.5% | 20.75 | 10.3% | -2.9% |
| LADR | 13.01 | 14.89 | 0.93 | 21.6% | -0.9% | 13.63 | 8.5% | 9.2% |
| CPLP | 3.53 | 3.20 | 0.16 | -5.0% | 3.7% | 3.36 | 10.0% | -4.8% |
| JQC | 8.18 | 7.95 | 0.80 | 7.0% | 0.5% | 8.22 | 6.2% | -3.3% |
| ISBC | 13.25 | 13.50 | 0.24 | 3.7% | 1.2% | 13.88 | 2.7% | -2.7% |
| EVG | 14.46 | 13.57 | 0.56 | -2.3% | 0.4% | 14.35 | 6.8% | -5.4% |
| FDEU | 18.40 | 17.76 | 1.18 | 2.9% | 2.5% | 18.83 | 8.2% | -5.7% |
| PSXP | 47.39 | 49.04 | 1.71 | 7.1% | 3.0% | 52.35 | 5.5% | -6.3% |
| RLJ-PA | 28.45 | 25.50 | 1.46 | -5.2% | -0.4% | 27.01 | 7.7% | -5.6% |
| SBRA | 22.15 | 17.20 | 0.62 | -19.6% | -2.8% | 18.77 | 10.5% | -8.4% |
| NRZ | 16.56 | 16.13 | 1.67 | 7.4% | -1.2% | 17.88 | 12.4% | -9.8% |
| DSL | 19.47 | 20.27 | 2.29 | 15.9% | -0.3% | 20.19 | 8.9% | 0.4% |
| OCSI | 8.68 | 7.89 | 0.57 | -2.5% | -0.4% | 8.40 | 9.6% | -6.1% |
| TGONF | 11.04 | 13.05 | 1.96 | 36.0% | 2.0% | 13.30 | 5.4% | -1.9% |
| TOO | 2.33 | 2.60 | 0.01 | 11.8% | 6.1% | 2.36 | 1.5% | 10.2% |
| O | 26.04 | 50.81 | 21.44 | 177.4% | -2.4% | 57.02 | 5.2% | -10.9% |
| Totals | 2.0% | 1.6% | 6.7% | -2.0% |
These are basically in descending order of size. You can eyeball table and see 6.7% yield at bottom (yes, I know I may be stretching for yield) and down 2.0% in 2018. You can see a couple preferred named RLJ and GLOP. I do try and hold securities here for long term. But have no "rules". It is telling that only 5 of my 23 holdings are in the green in 2018. I believe that is just the current landscape. Here is the benchmark and you'll see what I mean:
| Ticker | 12/30/2017 | Current | Dividend | YTD Change | Weekly Change | Yield |
| AMLP | 10.79 | 9.69 | 0.21 | -8.3% | 3.6% | 8.69% |
| NML | 9.38 | 8.24 | 0.17 | -10.4% | -1.4% | 8.01% |
| EPD | 26.51 | 25.76 | 0.42 | -1.2% | 6.4% | 6.53% |
| ETP | 17.92 | 17.05 | 0.57 | -1.7% | 3.1% | 13.01% |
| FDD | 13.73 | 14.16 | 0.15 | 4.2% | 1.5% | 2.46% |
| VGK | 59.15 | 59.58 | 0.38 | 1.4% | 2.3% | 2.69% |
| DDAIF | 84.57 | 81.09 | 3.25 | -0.3% | 1.6% | 5.55% |
| NVS | 83.96 | 81.04 | 2.75 | -0.2% | 1.0% | 3.67% |
| NOBL | 64.04 | 62.27 | 0.33 | -2.2% | 1.0% | 1.87% |
| VYM | 85.63 | 83.18 | 0.62 | -2.1% | 2.0% | 2.95% |
| MRK | 56.27 | 57.17 | 0.48 | 2.5% | 7.1% | 3.31% |
| PEP | 119.92 | 109.26 | 0.81 | -8.2% | 0.0% | 2.92% |
| VNQ | 82.98 | 74.64 | 0.98 | -8.9% | -0.8% | 4.86% |
| RQI | 12.65 | 11.63 | 0.24 | -6.2% | -2.4% | 4.03% |
| TCO | 65.43 | 57.12 | 0.63 | -11.7% | -1.3% | 4.45% |
| SLG | 100.93 | 95.14 | 0.78 | -5.0% | 0.7% | 3.33% |
| T | 38.88 | 35.14 | 0.98 | -7.1% | -1.4% | 5.64% |
| VZ | 52.93 | 47.66 | 1.12 | -7.8% | 0.4% | 4.93% |
| CHL | 50.54 | 47.04 | - | -6.9% | 3.1% | 3.92% |
| DTEGY | 17.66 | 17.21 | - | -2.6% | 4.4% | 3.95% |
| DSU | 11.70 | 11.62 | 0.21 | 1.1% | -0.2% | 3.53% |
| HIO | 5.07 | 4.83 | 0.09 | -3.0% | 0.4% | 4.05% |
| MUB | 110.74 | 108.47 | 0.84 | -1.3% | -0.1% | 2.29% |
| PRHYX | 6.76 | 6.65 | 0.09 | -0.3% | 0.8% | 5.40% |
| NEA | 13.75 | 12.90 | 0.18 | -4.9% | -0.5% | 5.52% |
| JNK | 36.72 | 36.16 | 0.66 | 0.3% | 1.2% | 5.56% |
| VWITX | 14.13 | 13.87 | 0.12 | -1.0% | 0.1% | 0.00% |
| PHMIX | 9.09 | 9.01 | 0.13 | 0.5% | 0.2% | 2.80% |
| UTG | 30.94 | 27.93 | 0.48 | -8.2% | -0.3% | 4.20% |
| XLU | 52.65 | 49.79 | 0.42 | -4.6% | -1.2% | 3.44% |
| DUK | 84.11 | 76.67 | 0.89 | -7.8% | -1.9% | 4.59% |
| EIX | 63.24 | 63.44 | 0.54 | 1.2% | 0.1% | 3.61% |
| PFF | 38.07 | 37.17 | 0.72 | -0.5% | -0.1% | 5.61% |
| JPC | 10.34 | 9.92 | 0.20 | -2.2% | -1.3% | 4.59% |
| WFC-PL | 1,309.99 | 1,287.01 | 18.75 | -0.3% | 0.3% | 5.80% |
| TIP | 114.08 | 113.11 | 0.84 | -0.1% | 0.2% | 2.37% |
| SHY | 83.85 | 83.37 | 0.32 | -0.2% | -0.1% | 1.11% |
| TLT | 126.86 | 120.90 | 1.02 | -3.9% | -0.2% | 2.56% |
| Totals | - | - | - | -3.1% | 0.7% | 4.31% |
Just 6 of the 40 here in the green. As they say, "the struggle is real". I also have a basket of ten smallish bank stocks:
| Bank | Start | Current | Dividends | Change | 2018 Change | Yield |
| ACBI | 16.99 | 18.90 | - | 11.2% | 7.4% | 0.0% |
| ASB | 25.69 | 24.45 | 0.15 | -4.2% | -3.7% | 2.4% |
| FBIZ | 23.69 | 25.35 | 0.14 | 7.6% | 14.6% | 2.2% |
| FULT | 18.81 | 17.55 | 0.23 | -5.5% | -2.0% | 2.7% |
| FNB | 14.47 | 13.29 | 0.12 | -7.3% | -3.8% | 3.6% |
| MSBI | 32.96 | 31.79 | 0.22 | -2.9% | -2.1% | 2.7% |
| NRIM | 37.47 | 35.60 | 0.45 | -3.8% | 5.2% | 2.8% |
| PACW | 48.30 | 48.61 | 0.50 | 1.7% | -3.6% | 4.1% |
| SONA | 17.13 | 15.64 | 0.08 | -8.2% | -2.4% | 2.0% |
| WNEB | 10.88 | 10.70 | 0.04 | -1.3% | -1.8% | 1.5% |
| Total | -1.3% | 0.8% | 2.4% |
Not exactly a rousing success, down 1.3% since I began in December 2017. But in 2018 it is up 0.8%, which feels like a home run in this market.
Miscellaneous
The final (and thankfully smallest) leg of my investing stool (about 20% of total) is my Misc portfolio. This is where I go with riskier names and do a bit more trading. I know, it is a bad habit and I am a bit of a junkie here. Frankly I am just not good at it. SELB was a classic example this week.
It popped on Monday as people were expecting a good mid-phase update on Tuesday morning. The update was positive, but not as gushing as people hoped for, so the stock dropped almost 20% Tuesday. I got nervous (in part I suppose because my position was decent sized) and I sold for about a 12% loss that day... felt good about the sale when it dropped more post my sale. But then the rest of the week it went up like a rocket and is up 28% higher than where I sold. I am just not cut out emotionally for trading. I had a similar experience on EXXI (now EGC).
They had a kitchen sink quarter back in March, stock sold down from over $5 to under $4. I again bailed a bit above $4. That seemed to be good as they dropped to about $3.75. This week they went up crazily and closed at $5.54. Honestly, I think if I took my Misc portfolio from the start of the year I'd be much better than my -9.5% for the year. Okay, let us look and see so I can beat myself up:
Hmm, I'd be down 6% rather than 9.5%. Still poor.
My Misc does have a basket of gold/mining stocks. These are hanging in there:
| Miner | Start | Current | Change | 2018 Change |
| TORXF | 9.90 | 10.21 | 3.1% | 7.4% |
| SAND | 4.48 | 4.77 | 6.5% | -4.4% |
| NSU | 2.38 | 2.63 | 10.5% | 7.8% |
| KLDX | 2.41 | 2.41 | 0.0% | -7.7% |
| KL | 14.49 | 17.04 | 17.6% | 10.9% |
| GSS | 0.87 | 0.66 | -23.7% | -25.7% |
| FSM | 4.24 | 5.61 | 32.3% | 7.5% |
| EXK | 2.14 | 2.81 | 31.3% | 17.6% |
| BTG | 2.61 | 2.85 | 9.2% | -8.1% |
| EGO | 1.18 | 0.94 | -20.3% | -34.2% |
| Total | 6.7% | -2.9% |
Up 6.7% since I started in December 2017 and down 2.9% in 2018. It was down about 10% in 2018... so bouncing back.
Looking at individual names this past week, besides the SELB fiasco, I had MTG really drop - off 16% as they announced a 10% rate decrease (though they said margins will be still solid as they are passing along most of tax reform changes to consumers). I think sell off is way, way over done. No weak hands for me on MTG.
SLSDF also announced earnings, this is my fracking sand play. They made a penny, which is okay for a 30 cent stock. They seem so cheap on a sum of the parts basis (gotta be worth over $1 a share), but I have not been wowed by management/logistics. They did say they will struggle in1st quarter a bit due to some flooding, but sand prices are up another 15%... so assets worth more. They also announced will take 2 quarters longer to get to annual run rate of 1m tons of sand per year (logistics again). I am hoping someone buys them and puts in better management. But seems stupid to sell at this price.
So my Misc plan is to steadily decrease holdings in total and shovel money into MFI. May take a couple of years, but I need to wean off the Misc crack. I just know if I were to liquidate today, the stocks would all pop up just like SELB and EXXI/EGC just did. I don't want that remorse.
Have a great weekend everyone!
Posts
No comments:
Post a Comment