Darn it! What a frustrating week. Things went so well the first three days that I published Lee Corso picture as I swung into the lead for the year. But darn it, the wheels fell off the final two days. TK (a very large holding for me) sold off sharply on Thursday. Then Friday was an all-around disaster as SLSDF sold off (on what I thought were solid earnings) and my semi stocks (KLAC and ICHR) sold off with AMAT poor guidance. It is tempting at times to pitch in the towel. And my MFI portfolio are starting to seriously struggle this quarter.
Welcome to the occasionally amusing MFI Diary. This is a diary I have been maintaining since February 2006 (damn, that is a long time) tracking my "experiences" 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.
I did create a guide recently for new readers to my blog that point you to some fascinating/interesting
And as a free bonus, I also discuss how my non-MFI investments are doing (generally poorly) in 2nd half of my blog.
Onwards.
Last Week
This week had me so bummed, I almost didn't write this blog. I suspect if I just looked at how things were going weekly, I might have been ok. But it was the rise and fall that bummed me out.
| Component | YTD | 2nd Quarter | Week Change |
| Overall | -0.5% | +2.6% | -0.3% |
| MFI Select | -3.7% | -5.4% | +0.4% |
| MFI Formula | +3.1% | +1.8% | -1.1% |
| MFI Combined | -0.4% | -1.9% | -0.3% |
| Miscellaneous | -1.4% | +8.9% | +0.0% |
| Dividend | -0.1% | +3.2% | -0.5% |
| Dividend Index | -3.4% | +0.3% | -1.0% |
| R3K Index | +2.5% | +3.3% | -0.3% |
| Blended Index | -0.1% | +1.9% | -0.6% |
| MFI Index | +11.2% | +4.1% | +0.1% |
| GARIX | -0.6% | -0.8% | -0.4% |
Yeah, this table would have you say, so what? I was down 0.3% on the week, but so was R3K and the blended index was down 0.6%.. But as on Wednesday, I was up 0.9%, so I dropped 1.2% the final two days. Oh well. C'est la vie. I will write the blog and stop whining. It can always be worse.
Looking at the positives, my MFI Index (a basket of 50 stocks) is having a great 2018... up 11.2%. Greenblatt's GARIX (a mutual fund using MFI techniques) continues to underwhelm, down 0.6% in 2018.
MFI Select
As I don't really feel like blogging today, just a listing of normal tables.
| 8/15/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| GHC | $591.10 | $594.00 | $3.81 | 1.1% | 12.3% |
| ICHR | $19.80 | $24.32 | $0.00 | 22.8% | 12.3% |
| MD | $43.00 | $47.02 | $0.00 | 9.3% | 12.3% |
| SIMO | $43.05 | $49.25 | $0.90 | 16.5% | 12.3% |
| RHI | $44.15 | $64.37 | $0.76 | 47.5% | 12.3% |
| Totals | 19.5% | 12.3% | |||
| 11/15/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| MSGN | $16.67 | $20.05 | $0.00 | 20.3% | 7.1% |
| CELG | $100.60 | $78.37 | $0.00 | -22.1% | 7.1% |
| EVC | $5.78 | $4.30 | $0.10 | -23.9% | 7.1% |
| SIMO | $46.88 | $49.25 | $0.60 | 6.3% | 7.1% |
| VIAB | $24.41 | $27.24 | $0.40 | 13.3% | 7.1% |
| Totals | -1.2% | 7.1% | |||
| 2/1/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AGX | $43.55 | $39.10 | $0.25 | -9.6% | -2.5% |
| CASA | $18.81 | $20.76 | $0.00 | 10.4% | -2.5% |
| KLAC | $109.80 | $109.39 | $1.34 | 0.8% | -2.5% |
| THO | $136.33 | $101.44 | $0.37 | -25.3% | -2.5% |
| WDC | $87.74 | $84.75 | $0.50 | -2.8% | -2.5% |
| Totals | -5.3% | -2.5% | |||
| 5/2/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| CAAP | $12.19 | $11.24 | $0.00 | -7.8% | 3.6% |
| TGNA | $10.51 | $11.04 | $0.00 | 5.1% | 3.6% |
| DISCA | $23.85 | $22.57 | $0.00 | -5.4% | 3.6% |
| FTSI | $19.39 | $21.44 | $0.00 | 10.6% | 3.6% |
| ICHR | $21.96 | $24.32 | $0.00 | 10.7% | 3.6% |
| Totals | 2.6% | 3.6% |
Still 3 of 4 tranches trailing. The May tranche was in the lead until ICHR sell off Friday.
| Category/Tranche | August | November | February | May | Total |
| Initial Investment | 25,000 | 25,000 | 25,000 | 25,000 | 100,000 |
| Current Tranche | 19.5% | -1.2% | -5.3% | 2.6% | 2.2% |
| Previous Tranche | -0.1% | 42.6% | 74.9% | -3.6% | 27.5% |
| Tranche -2 | 2.8% | 8.0% | 10.7% | 19.1% | 10.2% |
| Tranche -3 | 11.2% | 69.4% | -14.3% | -25.2% | 10.3% |
| Tranche -4 | 41.4% | 14.2% | 8.5% | 18.3% | 20.6% |
| Tranche -5 | 14.1% | 43.7% | 78.3% | 33.0% | 42.3% |
| MFI Overall Gain | 120.2% | 323.4% | 203.9% | 38.7% | 171.6% |
| Current Balance | 55,048 | 105,854 | 75,985 | 34,672 | 271,559 |
| R3K Current Tranche | 12.3% | 7.1% | -2.5% | 3.6% | 5.1% |
| R3K Overall Gain | 115.1% | 119.5% | 96.8% | 84.2% | 103.9% |
| R3K Balance | 53,784 | 54,878 | 49,206 | 46,050 | 203,917 |
| Annualized IRR | 14.7% | 29.9% | 23.4% | 6.7% | 18.7% |
| 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 | 67.64% | 271,559 | 203,917 |
You can see it has been a rough quarter and year for MFI Select.
| Stock | Last Week | Current | Dividend | Change |
| ICHR | 26.02 | 24.32 | - | -6.5% |
| SIMO | 48.26 | 49.25 | - | 2.1% |
| CASA | 20.02 | 20.76 | - | 3.7% |
| MSGN | 19.20 | 20.05 | - | 4.4% |
| VIAB | 30.22 | 27.24 | - | -9.9% |
| DISCA | 24.03 | 22.57 | - | -6.1% |
| AGX | 38.15 | 39.10 | - | 2.5% |
| KLAC | 111.07 | 109.39 | - | -1.5% |
| FTSI | 19.25 | 21.44 | - | 11.4% |
| CAAP | 10.72 | 11.24 | - | 4.9% |
| WDC | 78.80 | 84.75 | - | 7.6% |
| TGNA | 10.66 | 11.04 | - | 3.6% |
| RHI | 63.15 | 64.37 | - | 1.9% |
| THO | 96.04 | 101.44 | - | 5.6% |
| CELG | 84.54 | 78.37 | - | -7.3% |
| EVC | 4.15 | 4.30 | - | 3.6% |
| MD | 46.09 | 47.02 | - | 2.0% |
| GHC | 601.60 | 594.00 | - | -1.3% |
For the week, you can see my largest Select stock - ICHR, sold down 6.5%. Then VIAB was down 9.9%, which I didn't understand as courts ruled in Redstone's favor. I still think this deal gets done north of $30. WDC had a good week - I think I whined about them being way too cheap last week. FTSI is in the oil services business, that has to be doing well.
MFI Formula
Pretty mediocre week here.
| 7/1/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| CSCO | $30.98 | $43.21 | $0.91 | 42.4% | 13.9% |
| GME | $20.95 | $12.46 | $1.14 | -35.1% | 13.9% |
| HPQ | $17.60 | $22.14 | $0.40 | 28.1% | 13.9% |
| RGR | $60.70 | $59.90 | $0.67 | -0.2% | 13.9% |
| SYNT | $16.21 | $30.30 | $0.00 | 86.9% | 13.9% |
| Totals | 24.4% | 13.9% | |||
| 10/1/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| DIN | $43.14 | $67.73 | $1.60 | 60.7% | 9.1% |
| GILD | $82.85 | $68.02 | $1.09 | -16.6% | 9.1% |
| GME | $20.50 | $12.46 | $0.76 | -35.5% | 9.1% |
| HPQ | $20.22 | $22.14 | $0.27 | 10.8% | 9.1% |
| OMC | $74.80 | $74.96 | $1.15 | 1.8% | 9.1% |
| Totals | 4.2% | 9.1% | |||
| 1/2/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AMGN | $177.11 | $176.30 | $2.64 | 1.0% | 2.0% |
| GME | $18.06 | $12.46 | $0.38 | -28.9% | 2.0% |
| GILD | $71.64 | $68.02 | $0.57 | -4.3% | 2.0% |
| HRB | $26.34 | $27.68 | $0.24 | 6.0% | 2.0% |
| OMC | $72.81 | $74.96 | $0.60 | 3.8% | 2.0% |
| Totals | -4.5% | 2.0% | |||
| 4/3/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AMGN | $166.46 | $176.30 | $1.32 | 6.7% | 5.3% |
| VIAB | $29.20 | $27.24 | $0.00 | -6.7% | 5.3% |
| GILD | $72.71 | $68.02 | $0.00 | -6.5% | 5.3% |
| TUP | $47.32 | $45.65 | $0.00 | -3.5% | 5.3% |
| EGOV | $13.29 | $15.75 | $0.00 | 18.6% | 5.3% |
| Totals | 1.7% | 5.3% |
Only 1 in 4 leading again. GME was approached by activist to start thinking about "strategic options". They must have said, "no way" as stock was down like 10% on Friday (that didn't help my week).
| Category/Tranche | October | January | April | July | Total |
| Initial Investment | 249,820 | 249,939 | 250,180 | 249,728 | 999,667 |
| Current Tranche | 4.2% | -4.5% | 1.7% | 24.4% | 5.5% |
| Previous Tranche | 7.0% | 16.5% | 21.3% | 26.7% | 17.6% |
| 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 | 18.2% | 35.0% | 54.1% | 38.0% | 36.3% |
| Current Balance | 295,293 | 337,443 | 385,471 | 344,584 | 1,362,792 |
| R3K Current Tranche | 9.1% | 2.0% | 5.3% | 13.9% | 7.6% |
| R3K Overall Gain | 46.3% | 37.5% | 36.5% | 32.6% | 38.2% |
| R3K Balance | 365,425 | 343,730 | 341,405 | 331,137 | 1,381,696 |
| Annualized IRR | 4.7% | 9.3% | 14.8% | 11.8% | 10.1% |
Yuck.
| 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 | -1.89% | 136,279 | 138,170 |
double yuck. I was up 4 percentage points just a month ago. Now down 1.9%. Never easy.
| Stock | Last Week | Current | Dividend | Change |
| GILD | 66.16 | 68.02 | - | 2.8% |
| AMGN | 173.89 | 176.30 | - | 1.4% |
| OMC | 75.08 | 74.96 | - | -0.2% |
| GME | 12.71 | 12.46 | - | -2.0% |
| HPQ | 22.71 | 22.14 | - | -2.5% |
| VIAB | 30.22 | 27.24 | - | -9.9% |
| EGOV | 15.50 | 15.75 | - | 1.6% |
| TUP | 43.24 | 45.65 | - | 5.6% |
| DIN | 74.98 | 67.73 | - | -9.7% |
| SYNT | 30.07 | 30.30 | - | 0.8% |
| HRB | 27.85 | 27.68 | - | -0.6% |
| CSCO | 45.93 | 43.21 | - | -5.9% |
| RGR | 61.00 | 59.90 | - | -1.8% |
VIAB and DIN the big drivers down. CSCO also had sub par earnings/guidance.
Dividend Portfolio
End of blog for those just wanting MFI stuff. Here are some tables regarding my dividend portfolio:
| Dividend Stocks | Start | Current | Divvy | Overall Pct Gain | Weekly Pct Gain | 12/30/17 Price | Yield | 2018 | Adj 2018 |
| TK | 8.63 | 8.05 | 0.11 | -5.4% | -9.4% | 9.32 | 2.7% | -13.6% | 2.2% |
| OIBAX | 5.91 | 5.70 | 0.27 | 1.0% | -2.1% | 5.96 | 4.6% | -4.4% | -4.4% |
| LADR | 13.35 | 15.41 | 0.61 | 20.0% | 3.4% | 13.63 | 8.2% | 13.1% | 12.0% |
| KCLI | 48.14 | 40.00 | 0.79 | -15.3% | -2.4% | 45.25 | 2.7% | -11.6% | -11.1% |
| NS | 29.19 | 22.77 | 1.47 | -16.9% | 4.9% | 29.95 | 10.5% | -24.0% | -11.4% |
| CPLP | 3.50 | 3.09 | 0.22 | -5.5% | -1.3% | 3.36 | 10.4% | -8.0% | -7.7% |
| AMID | 11.87 | 11.15 | 0.59 | -1.0% | 7.7% | 13.35 | 14.8% | -16.5% | -6.4% |
| TGP | 18.28 | 17.95 | 0.28 | -0.3% | 1.1% | 20.15 | 3.1% | -10.9% | -10.5% |
| GLOP-PB | 25.36 | 26.09 | 0.33 | 4.2% | 0.0% | 25.36 | 8.0% | 2.9% | 2.9% |
| KNOP | 21.30 | 20.25 | 1.04 | 0.0% | 0.5% | 20.75 | 10.3% | -2.4% | -2.4% |
| JQC | 8.18 | 8.09 | 0.84 | 9.2% | -0.1% | 8.22 | 6.1% | -1.6% | -1.6% |
| ISBC | 13.33 | 13.54 | 0.26 | 3.5% | 0.5% | 13.88 | 2.7% | -2.4% | -2.4% |
| PSXP | 47.39 | 50.23 | 2.42 | 11.1% | 1.4% | 52.35 | 5.7% | -4.0% | -4.0% |
| EVG | 14.46 | 13.24 | 0.64 | -4.0% | -1.3% | 14.35 | 5.9% | -7.7% | -7.7% |
| FDEU | 18.40 | 17.47 | 1.30 | 2.0% | -0.7% | 18.83 | 8.3% | -7.2% | -7.2% |
| NRZ | 16.56 | 18.06 | 1.67 | 19.1% | 0.4% | 17.88 | 11.1% | 1.0% | 1.0% |
| SBRA | 22.15 | 19.13 | 0.89 | -9.6% | -5.1% | 18.77 | 9.4% | 1.9% | 2.1% |
| DSL | 19.47 | 20.06 | 2.59 | 16.4% | -1.3% | 20.19 | 9.0% | -0.6% | -0.6% |
| OCSI | 8.68 | 8.39 | 0.52 | 2.7% | -1.1% | 8.40 | 6.9% | -0.1% | -0.1% |
| TGONF | 11.04 | 12.76 | 2.14 | 35.0% | 1.8% | 13.30 | 5.6% | -4.0% | -4.0% |
| TOO | 2.33 | 2.72 | 0.02 | 17.4% | -4.2% | 2.36 | 1.5% | 15.3% | 12.7% |
| DDR | 7.07 | 7.28 | - | 2.9% | -2.8% | 7.00 | 10.4% | 4.0% | 4.0% |
| O | 26.15 | 51.66 | 21.57 | 180.0% | -2.5% | 57.02 | 5.1% | -9.4% | -9.2% |
| Totals | 2.2% | -0.3% | 7.1% | -0.1% |
I did see where another of my holdings reduced their dividend, EVG went from 7.7 cents monthly to 6.5%. argh! Barron's ran a feature article middle of last summer with dividend income ideas and let me tell you, off the top of my head a large majority of them crashed. Let me see if i can find it (Where to Find 11% Yields). It was on August 5th. Let us see how each featured security has fared.
| Security | Start | Current | Dividends | Gain/Loss |
| HYD | 31.03 | 31.13 | 1.04 | 3.7% |
| BAB | 30.39 | 29.40 | 0.90 | -0.3% |
| BLW | 15.96 | 14.94 | 0.72 | -1.9% |
| EVG | 14.27 | 13.24 | 0.54 | -3.4% |
| DRA | 17.93 | 18.26 | 0.11 | 2.4% |
| CIM B | 25.91 | 25.55 | 1.50 | 4.4% |
| MMP | 70.09 | 69.46 | 2.76 | 3.0% |
| SKT | 26.19 | 20.28 | 1.05 | -18.6% |
| HASI | 23.62 | 18.76 | 0.99 | -16.4% |
| WHF | 13.17 | 13.97 | 1.07 | 14.2% |
| AJX | 13.94 | 13.20 | 1.20 | 3.3% |
| Average | 25.68 | 24.38 | 1.08 | -0.9% |
Hmmm, not as bad as I expected. Looking at my table, you can see -0.3% for the week - really hurt by TK at -9.7% (which was my largest holding). I did sell 1/2 my shares at $8.60 and $8.24, which turned out to be smart (so far). But wasn't smart to have that as largest holding going into earnings... I considered so many times paring back.
NS and AMID had great weeks. They are both so beaten down. Here is dividend index:
| Ticker | 12/30/2017 | Current | Dividend | YTD Change | Weekly Change | Yield |
| AMLP | 10.79 | 10.39 | 0.41 | 0.1% | 3.3% | 8.02% |
| NML | 9.38 | 9.11 | 0.28 | 0.1% | 2.7% | 7.24% |
| EPD | 26.51 | 28.02 | 0.84 | 8.9% | 2.8% | 6.06% |
| ETP | 17.92 | 18.98 | 1.13 | 12.2% | 2.8% | 11.82% |
| FDD | 13.73 | 14.29 | 0.15 | 5.1% | -0.7% | 2.44% |
| VGK | 59.15 | 59.85 | 0.38 | 1.8% | -0.6% | 2.67% |
| DDAIF | 84.57 | 79.26 | 3.25 | -2.4% | -0.8% | 5.67% |
| NVS | 83.96 | 77.06 | 2.75 | -4.9% | -0.6% | 3.85% |
| NOBL | 64.04 | 62.78 | 0.33 | -1.4% | 0.4% | 1.85% |
| VYM | 85.63 | 84.10 | 0.62 | -1.1% | -0.2% | 2.91% |
| MRK | 56.27 | 59.14 | 0.48 | 6.0% | -0.9% | 3.23% |
| PEP | 119.92 | 97.51 | 0.81 | -18.0% | 0.1% | 3.31% |
| VNQ | 82.98 | 75.85 | 0.98 | -7.4% | -3.1% | 4.78% |
| RQI | 12.65 | 11.15 | 0.40 | -8.7% | -5.1% | 5.65% |
| TCO | 65.43 | 51.87 | 0.63 | -19.8% | -6.9% | 4.87% |
| SLG | 100.93 | 94.27 | 0.78 | -5.8% | -5.8% | 3.37% |
| T | 38.88 | 32.05 | 0.98 | -15.0% | -0.7% | 6.18% |
| VZ | 52.93 | 47.74 | 1.12 | -7.7% | -1.8% | 4.92% |
| CHL | 50.54 | 46.56 | - | -7.9% | -0.8% | 3.95% |
| DTEGY | 17.66 | 15.80 | - | -10.5% | -7.2% | 4.32% |
| DSU | 11.70 | 11.31 | 0.35 | -0.4% | -0.7% | 4.85% |
| HIO | 5.07 | 4.84 | 0.12 | -2.2% | -0.2% | 4.60% |
| MUB | 110.74 | 108.29 | 1.05 | -1.3% | -0.2% | 2.29% |
| PRHYX | 6.76 | 6.55 | 0.12 | -1.3% | -0.3% | 5.40% |
| NEA | 13.75 | 12.82 | 0.30 | -4.6% | -1.1% | 5.52% |
| JNK | 36.72 | 35.66 | 0.83 | -0.7% | -0.4% | 5.61% |
| VWITX | 14.13 | 13.81 | 0.16 | -1.2% | -0.4% | 2.80% |
| PHMIX | 9.09 | 8.99 | 0.16 | 0.7% | -0.4% | 2.80% |
| UTG | 30.94 | 28.15 | 0.80 | -6.4% | -0.7% | 4.20% |
| XLU | 52.65 | 48.99 | 0.42 | -6.2% | -2.8% | 3.49% |
| DUK | 84.11 | 73.80 | 0.89 | -11.2% | -5.3% | 4.80% |
| EIX | 63.24 | 61.25 | 0.54 | -2.3% | -1.7% | 3.74% |
| PFF | 38.07 | 36.96 | 0.90 | -0.6% | -0.3% | 5.63% |
| JPC | 10.34 | 9.68 | 0.33 | -3.2% | -1.8% | 5.38% |
| WFC-PL | 1,309.99 | 1,266.00 | 18.75 | -1.9% | -1.6% | 5.80% |
| TIP | 114.08 | 111.36 | 1.05 | -1.5% | -0.6% | 2.68% |
| SHY | 83.85 | 83.17 | 0.40 | -0.3% | 0.0% | 1.16% |
| TLT | 126.86 | 117.21 | 1.28 | -6.6% | -1.7% | 2.65% |
| Totals | - | - | - | -3.4% | -1.1% | 4.49% |
Down 1.3% on the week and 3.4% on the year. Look how bad Pepsi has been, down 18%! I saw KHC (Heinz Kraft) is down 26% for the year. T is off 15%. So many of these "dividend aristocrats" had been bid up way, way too high when treasuries yields were low and now money is flowing out of them as yields rise.
Finally, my small bank portfolio continues to churn along, dully making me money:
| Bank | Start | Current | Dividends | Change | 2018 Change | Yield |
| ACBI | 16.99 | 20.50 | - | 20.6% | 16.5% | 0.0% |
| ASB | 25.69 | 26.95 | 0.15 | 5.5% | 6.1% | 2.3% |
| FBIZ | 23.69 | 26.26 | 0.28 | 12.1% | 18.7% | 2.2% |
| FULT | 18.81 | 17.30 | 0.23 | -6.8% | -3.4% | 2.8% |
| FNB | 14.47 | 13.46 | 0.12 | -6.2% | -2.6% | 3.7% |
| MSBI | 32.96 | 32.06 | 0.44 | -1.4% | -1.3% | 2.8% |
| NRIM | 37.47 | 38.85 | 0.45 | 4.9% | 14.8% | 2.7% |
| PACW | 48.30 | 53.87 | 1.10 | 13.8% | 6.9% | 4.5% |
| SONA | 17.13 | 16.66 | 0.16 | -1.8% | 3.9% | 2.1% |
| WNEB | 10.88 | 10.90 | 0.08 | 0.9% | 0.0% | 1.5% |
| Total | 4.2% | 6.0% | 2.4% |
Up 6% for the year. Not too shabby.
Miscellaneous
A flat week here, although I was up 1% on Wednesday. EGC continues to (finally) be a good buy. It was up 12% on the week as I was convinced that new structure was favorable (at least on risk-adjusted basis) for them. OMER was up crazy Monday and Tuesday (so I should not have pared back my shares last Friday) but gave most of the gains back on rest of week. AUPH was up 8% as bio techs seem to generally be back in favor.
But FUNC gave back a chunk of short lived Russell 3000 gains (it seems to be right on cusp of making cut) and NMM drifted downwards.
I did add a bit to ANW (hey, American Ninja Warrior starts soon) and started a new position in DVAX at 16.80 on Thursday sell off.
I sold my small gold/mining basket mid week. It had done very solidly... though it seems I sold too early (it moved up 1% post sale). Here is final table for it:
| Miner | Start | Current | Change | 2018 Change |
| TORXF | 9.90 | 9.87 | -0.3% | 3.9% |
| SAND | 4.48 | 4.53 | 1.1% | -9.2% |
| NSU | 2.38 | 3.42 | 43.7% | 40.2% |
| KLDX | 2.41 | 2.46 | 1.9% | -5.9% |
| KL | 14.49 | 18.96 | 30.8% | 23.4% |
| GSS | 0.87 | 0.69 | -19.9% | -22.0% |
| FSM | 4.24 | 5.53 | 30.3% | 5.8% |
| EXK | 2.14 | 2.80 | 30.9% | 17.2% |
| BTG | 2.61 | 2.75 | 5.2% | -11.5% |
| EGO | 1.18 | 0.96 | -18.7% | -32.9% |
| Total | 10.5% | 0.9% |
I moved these funds into a doubled down play on stocks I think will get added to Russell 3000. So here is table showing how those stocks have fared.
| Stock | Start Price | Current Price | Change |
| acfc | 10.80 | 10.87 | 0.6% |
| agle | 10.43 | 10.57 | 1.3% |
| aoi | 18.67 | 18.00 | -3.6% |
| aubn | 44.00 | 43.95 | -0.1% |
| brt | 12.56 | 12.68 | 1.0% |
| cool | 26.46 | 26.96 | 1.9% |
| dwsn | 7.38 | 7.76 | 5.1% |
| fccy | 21.38 | 21.10 | -1.3% |
| fcel | 1.93 | 1.89 | -1.8% |
| fraf | 35.90 | 35.85 | -0.1% |
| gdp | 13.99 | 13.50 | -3.5% |
| hbio | 4.81 | 4.80 | -0.2% |
| ovly | 20.80 | 20.23 | -2.7% |
| pfsw | 9.95 | 10.30 | 3.5% |
| spne | 11.95 | 11.87 | -0.7% |
| srra | 2.38 | 2.62 | 10.2% |
| synl | 18.35 | 18.95 | 3.3% |
| tess | 18.32 | 17.90 | -2.3% |
| tmq | 1.29 | 1.32 | 2.5% |
| zfgn | 6.61 | 6.82 | 3.3% |
| Total | 0.8% |
That is a wrap.
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