Another month has passed. Pinch me, but 2019 is off to a great start. I am still below where I was at the end of October (when the bottom fell out of energy, shipping and pretty much everything I owned), but progress has been made.
Welcome to the not-quite-famous MFI Diary. This is a diary/blog that I have been maintaining since early 2006 tracking my performance and thoughts about Magic Formula Investing. That, of course, is an investing approach from The Little Book That Beats The Markets by Joel Greenblatt.
Once a month, I do a bit of a post mortem/review of how things went in my MFI portfolios and sometimes offer some thoughts on my other investments. Keep in mind, I am not an investment advisor, just a retired actuary who is reasonable proficient with spreadsheets. So please do your own due diligence and if you ever think I'm smart, just read my December review.
Quick Monthly Overview
As my picture shows, Best Buy had a good month, but was frankly one of many doing well.
Here is a table showing performance for February:
| Component | YTD | Month Change |
| Overall | +14.7% | +3.9% |
| MFI Select | +19.5% | +9.9% |
| MFI Formula | +14.0% | +2.8% |
| MFI Combined | +16.6% | +6.1% |
| Non MFI | +13.5% | +2.5% |
| Dividend Index | +9.2% | +2.7% |
| R3K Index | +13.1% | +4.6% |
| Blended Index | +11.7% | +3.9% |
| MFI Index | +13.4% | +2.5% |
| GARIX | +5.5% | +1.4% |
You can see that my MFI portfolios are doing well. My two MFI portfolios (Select and Formula) are up 16.6% on the year and a snappy 6.1% during February (ok, I was on vacation, so I included March 1st). Really, not much not to like in this table. GARIX is underperforming, but recall it is a long/short MFI mutual fund. My MFI Index, a grouping of 50 MFI Stocks, is up 13.4% on the year... so pretty much equal with Russell 3000.
I continue to trade very little this year. Besides the rollover of my MFI Formula portfolio on February 1st, I only made four buys, two of which were swing trades.
Benchmarks
Always good to have benchmarks. First, here is my Dividend Index - which is just under 40 securities, all focused on income (so some bonds, preferreds, REITs, MLPs, Treasuries, Utilities, etc).
| Ticker | 12/30/2018 | Current | Dividend | YTD Change | Yield |
| AMLP | 8.73 | 9.75 | 0.21 | 14.0% | 8.13% |
| NML | 6.69 | 7.62 | 0.11 | 15.5% | 8.66% |
| EPD | 24.59 | 27.78 | 0.42 | 14.7% | 6.22% |
| KMI | 15.38 | 19.74 | 0.57 | 32.0% | 4.05% |
| FDD | 11.94 | 12.89 | - | 8.0% | 4.12% |
| VGK | 48.62 | 53.89 | - | 10.8% | 4.11% |
| NVS | 85.81 | 91.40 | 2.75 | 9.7% | 3.22% |
| NOBL | 60.54 | 66.90 | - | 10.5% | 2.15% |
| VYM | 77.99 | 86.21 | - | 10.5% | 2.99% |
| MRK | 76.41 | 81.65 | - | 6.9% | 2.44% |
| PEP | 110.48 | 116.18 | 0.81 | 5.9% | 3.20% |
| VNQ | 74.57 | 83.73 | - | 12.3% | 4.58% |
| RQI | 10.36 | 12.18 | 0.16 | 19.1% | 7.89% |
| TCO | 45.49 | 51.44 | - | 13.1% | 5.08% |
| SLG | 79.08 | 90.13 | - | 14.0% | 3.65% |
| T | 28.54 | 30.82 | 0.51 | 9.8% | 6.52% |
| VZ | 56.22 | 56.96 | 0.56 | 2.3% | 4.19% |
| CHL | 48.00 | 53.12 | - | 10.7% | 4.08% |
| DSU | 9.77 | 10.76 | 0.14 | 11.5% | 7.65% |
| HIO | 4.38 | 4.83 | 0.06 | 11.6% | 6.57% |
| MUB | 109.04 | 109.58 | 0.63 | 1.1% | 2.49% |
| PRHYX | 6.16 | 6.46 | 0.06 | 5.8% | 5.40% |
| NEA | 12.31 | 13.07 | 0.12 | 7.1% | 5.02% |
| JNK | 33.59 | 35.59 | 0.50 | 7.4% | 5.64% |
| VWITX | 13.91 | 14.03 | 0.09 | 1.5% | 2.80% |
| PHMIX | 8.90 | 8.98 | 0.10 | 2.0% | 2.80% |
| UTG | 29.43 | 32.30 | 0.32 | 10.8% | 4.20% |
| XLU | 52.92 | 57.13 | - | 8.0% | 3.16% |
| DUK | 86.30 | 89.53 | 0.89 | 4.8% | 4.10% |
| EIX | 56.77 | 61.31 | - | 8.0% | 3.96% |
| PFF | 34.23 | 36.29 | 0.54 | 7.6% | 5.91% |
| JPC | 8.34 | 9.34 | 0.13 | 13.5% | 7.97% |
| TIP | 109.51 | 110.66 | 0.63 | 1.6% | 2.82% |
| SHY | 83.62 | 83.54 | 0.24 | 0.2% | 1.80% |
| TLT | 121.51 | 118.66 | 0.77 | -1.7% | 2.70% |
| Totals | - | - | 9.2% | 4.58% |
Pretty impressive for two months. Sadly, T and KMI are the only two I owned at start of year. I have kept T, but sold KMI way too early.
Now let us look at the 50 stocks in my MFI Index. Again, this is a benchmark, not part of my portfolio.
Now let us look at the 50 stocks in my MFI Index. Again, this is a benchmark, not part of my portfolio.
| Stock | Start | Current | YTD Change | Last Month |
| ACOR | 15.58 | 15.08 | -3.2% | -8.4% |
| AEIS | 42.93 | 51.15 | 19.1% | 0.6% |
| ALSN | 43.91 | 48.94 | 11.5% | 0.2% |
| AMAT | 32.74 | 38.56 | 17.8% | -2.6% |
| AGX | 37.84 | 46.57 | 23.1% | 10.4% |
| AKG | 0.64 | 0.68 | 6.0% | -12.3% |
| HRB | 25.37 | 24.14 | -4.8% | -5.4% |
| BPT | 21.64 | 26.86 | 24.1% | 11.4% |
| CECO | 11.42 | 16.77 | 46.8% | 30.5% |
| CELG | 64.09 | 85.96 | 34.1% | -2.4% |
| CJREF | 3.50 | 4.57 | 30.6% | 8.8% |
| DLX | 38.44 | 46.21 | 20.2% | -3.0% |
| DXC | 53.17 | 67.27 | 26.5% | 4.8% |
| ESIO | 29.96 | 29.99 | 0.1% | 0.0% |
| FTSI | 7.11 | 10.30 | 44.9% | 26.5% |
| GME | 12.62 | 11.75 | -6.9% | 4.9% |
| GILD | 62.55 | 66.01 | 5.5% | -5.5% |
| EAF | 11.44 | 14.23 | 24.4% | 8.3% |
| HSII | 31.19 | 43.27 | 38.7% | 33.2% |
| HPQ | 20.46 | 19.60 | -4.2% | -11.7% |
| IDT | 6.19 | 6.11 | -1.3% | -13.7% |
| IMMR | 8.96 | 8.90 | -0.7% | -6.3% |
| INVA | 17.45 | 15.33 | -12.1% | -15.9% |
| IDCC | 66.43 | 68.07 | 2.5% | -5.6% |
| IPG | 20.63 | 23.13 | 12.1% | 1.8% |
| KLAC | 89.49 | 115.78 | 29.4% | 9.2% |
| LRCX | 136.17 | 176.75 | 29.8% | 3.4% |
| LGORF | 2.07 | 1.75 | -15.5% | -16.6% |
| LTRPA | 15.89 | 14.94 | -6.0% | -9.4% |
| TUSK | 17.98 | 23.48 | 30.6% | 0.9% |
| MCFT | 18.70 | 24.55 | 31.3% | 12.9% |
| MSB | 23.69 | 29.42 | 24.2% | 0.0% |
| MSGN | 23.56 | 24.19 | 2.7% | 8.7% |
| NHTC | 18.49 | 13.02 | -29.6% | -22.9% |
| NKTR | 32.87 | 38.13 | 16.0% | -11.5% |
| EGOV | 12.48 | 17.05 | 36.6% | 20.4% |
| OMC | 73.24 | 76.72 | 4.8% | -0.9% |
| PETS | 23.26 | 23.38 | 0.5% | 1.6% |
| STX | 38.59 | 46.35 | 20.1% | 6.0% |
| SIGA | 7.90 | 6.61 | -16.3% | 0.0% |
| SP | 29.54 | 34.51 | 16.8% | 4.1% |
| STRL | 10.89 | 14.70 | 35.0% | 10.8% |
| TVTY | 24.81 | 21.02 | -15.3% | -4.8% |
| TUP | 31.57 | 29.36 | -7.0% | 6.1% |
| HEAR | 14.27 | 15.08 | 5.7% | 3.9% |
| UIS | 11.63 | 13.66 | 17.5% | 4.9% |
| UTHR | 108.90 | 126.84 | 16.5% | 9.2% |
| VEC | 21.58 | 28.32 | 31.2% | 15.3% |
| VIAB | 25.70 | 29.45 | 14.6% | 2.9% |
| WDC | 36.97 | 51.66 | 39.7% | 17.9% |
Wow, 11 of the 50 stocks are up over 30% in just two months (and I own WDC, CJREF, FTSI and EGOV). The only "disaster" is NHTC.
The final "benchmark" I'll share is my dirty dozen that I created on 12/21. I only wish I had just gone all in on these 13 stocks that day! I knew they were good values, but always hard to pull the trigger when you've been punched in the face.
| Stock | Start | Current | Dividend | Gain/Loss |
| AMCX | 52.23 | 66.39 | - | 27.1% |
| AMAT | 30.31 | 38.56 | - | 27.2% |
| DLX | 37.11 | 46.21 | 0.25 | 25.2% |
| DXC | 50.48 | 67.27 | - | 33.3% |
| KLAC | 85.67 | 115.78 | 0.75 | 36.0% |
| LRCX | 127.16 | 176.75 | - | 39.0% |
| MU | 30.32 | 41.58 | - | 37.1% |
| SGH | 28.75 | 28.38 | - | -1.3% |
| WDC | 35.90 | 51.66 | - | 43.9% |
| ECA | 5.38 | 7.26 | - | 34.9% |
| GLNG | 21.72 | 20.92 | - | -3.7% |
| T | 28.31 | 30.82 | 0.51 | 10.7% |
| TGP | 11.82 | 13.92 | 0.14 | 19.0% |
| Total | 25.3% |
GLNG and SGH are the disappointments. I don't understand at all how GLNG is at a 52 week low after solid earnings and lots of good catalysts. Yes, I am long.
MFI Select
As my regular readers know, I have two portfolios of real $ in MFI stocks. the first I named MFI Select. I started it in August 2012 after I had quit MFI a year earlier in frustration with my results. I had gone back and reviewed MFI results back to 2006 and the issue has always been too many "stinker" stocks, those going down by 30% or more.... historically in the 50 over $100m screen, about 15% of stocks are stinkers. For me, a key to success is to minimize the number of stinkers I pick.
MFI Select has historically consisted of 4 tranches of stocks with each tranche consisting of 5 stocks. I changed that in February and will now make each tranche have 7 stocks. This is in part to smooth my results a bit more and also reflects that I am committing a larger and larger % of my total assets to MFI.
Here are the 4 tranches:
| 5/2/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| CAAP | $12.19 | $7.81 | $0.00 | -35.9% | 8.0% |
| TGNA | $10.51 | $14.95 | $0.21 | 44.3% | 8.0% |
| DISCA | $23.85 | $29.08 | $0.00 | 21.9% | 8.0% |
| FTSI | $19.39 | $10.30 | $0.00 | -46.9% | 8.0% |
| ICHR | $21.96 | $21.10 | $0.00 | -3.9% | 8.0% |
| Totals | -4.1% | 8.0% | |||
| 8/15/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AGX | $39.45 | $46.57 | $0.50 | 19.3% | -0.7% |
| AMCX | $60.97 | $66.39 | $0.00 | 8.9% | -0.7% |
| CJREF | $3.08 | $4.57 | $0.06 | 50.4% | -0.7% |
| GME | $15.50 | $11.75 | $0.76 | -19.3% | -0.7% |
| SGH | $31.12 | $28.38 | $0.00 | -8.8% | -0.7% |
| Totals | 10.1% | -0.7% | |||
| 11/15/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AGX | $43.15 | $46.57 | $0.25 | 8.5% | 5.3% |
| DXC | $62.00 | $67.27 | $0.19 | 8.8% | 5.3% |
| MU | $38.49 | $41.58 | $0.00 | 8.0% | 5.3% |
| SGH | $29.67 | $28.38 | $0.00 | -4.3% | 5.3% |
| WDC | $44.92 | $51.66 | $0.50 | 16.1% | 5.3% |
| Totals | 7.4% | 5.3% | |||
| 2/1/2019 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AGX | $42.18 | $46.57 | $0.00 | 10.4% | 4.3% |
| BBY | $58.84 | $67.81 | $0.00 | 15.2% | 4.3% |
| HPQ | $22.07 | $19.60 | $0.00 | -11.2% | 4.3% |
| MU | $38.22 | $41.58 | $0.00 | 8.8% | 4.3% |
| RTN | $166.65 | $186.19 | $0.00 | 11.7% | 4.3% |
| VIAB | $29.40 | $29.45 | $0.00 | 0.2% | 4.3% |
| WDC | $44.99 | $51.66 | $0.00 | 14.8% | 4.3% |
| Totals | 7.1% | 4.3% |
So the good news is that 3 of the 4 are leading their benchmarks. May 2018 is my stink bomb, with 2 of 5 names down 30% or more (FTSI and CAAP). You can see my newest tranche, with 7 names, is off to a nice 7.1% start. Here is a table summarizing all tranches, open and closed:
| Category/Tranche | August | November | February | May | Total |
| Initial Investment | 25,000 | 25,000 | 25,000 | 25,000 | 100,000 |
| Current Tranche | 10.1% | 7.4% | 7.1% | -4.1% | 5.2% |
| Previous Tranche | 27.8% | -0.6% | -27.3% | -3.6% | 30.2% |
| Tranche -2 | -0.1% | 42.6% | 74.9% | 19.1% | 34.2% |
| Tranche -3 | 2.8% | 8.0% | 10.7% | -25.2% | -0.9% |
| Tranche -4 | 11.2% | 69.4% | -14.3% | 18.3% | 21.2% |
| Tranche -5 | 41.4% | 14.2% | 8.5% | 33.0% | 24.3% |
| Tranche -6 | 14.1% | 43.7% | 78.3% | 0.0% | 34.0% |
| MFI Overall Gain | 159.4% | 357.5% | 149.9% | 29.6% | 174.1% |
| Current Balance | 64,862 | 114,381 | 62,487 | 32,392 | 274,122 |
| R3K Current Tranche | -0.7% | 5.3% | 4.3% | 8.0% | 4.2% |
| R3K Overall Gain | 124.2% | 129.8% | 105.5% | 92.0% | 112.9% |
| R3K Balance | 56,042 | 57,458 | 51,363 | 48,011 | 212,873 |
| Annualized IRR | 15.7% | 27.3% | 16.3% | 4.5% | 15.9% |
So my 4 open tranches are up an average of 5.2%, beating index (at 4.2%). My annualized IRR is 15.9%... it was over 20% a year ago, so we have definitely had a rocky stretch. The current balance row show for each tranche how a hypothetical $25,000 initial investment would have grown. For whatever reason, my November picks have always been great... May - Not so great.
This table shows how that hypothetical $100,000 initially put in would have grown quarter by quarter. You can see why I am putting more of my assets in MFI:
| 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 |
| 7/1/2018 | 68.20% | 273,125 | 204,921 |
| 10/1/2018 | 65.80% | 284,097 | 218,297 |
| 1/1/2019 | 39.77% | 228,246 | 188,479 |
| Current | 61.25% | 274,122 | 212,873 |
You can see how bad Q4 of 2018 was, going from $284,097 to 228,246. But we have recouped a lot of that here in Q1. Even with rocky stretch, MFI Select is beating benchmark 274.122 to 212,873.
Here are my stocks in February and how they did.
| Stock | Last Month | Current | Dividend | Change |
| AGX | 42.00 | 46.57 | - | 10.9% |
| WDC | 47.00 | 51.66 | - | 9.9% |
| MU | 39.60 | 41.58 | - | 5.0% |
| SGH | 25.84 | 28.38 | - | 9.8% |
| DISCA | 28.56 | 29.08 | - | 1.8% |
| TGNA | 11.28 | 14.95 | - | 32.5% |
| BBY | 58.47 | 67.81 | - | 16.0% |
| CJREF | 4.30 | 4.57 | - | 6.3% |
| RTN | 165.96 | 186.19 | - | 12.2% |
| VIAB | 29.53 | 29.45 | - | -0.3% |
| ICHR | 20.84 | 21.10 | - | 1.2% |
| DXC | 65.10 | 67.27 | - | 3.3% |
| HPQ | 22.26 | 19.60 | - | -11.9% |
| AMCX | 62.42 | 66.39 | - | 6.4% |
| GME | 11.24 | 11.75 | - | 4.5% |
| CAAP | 8.39 | 7.81 | - | -6.9% |
| FTSI | 8.52 | 10.30 | - | 20.9% |
MFI Formula
Ok, my second tranche is MFI Formula. While in MFI Select, I give myself free form to pick whatever stocks I want (even some like CAAP that are not on official list as I run my own screens) - with MFI Formula I pick from official screen, with some filters and a random number generator. I started this approach in October 2014.
| 4/3/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AMGN | $166.46 | $191.16 | $5.28 | 18.0% | 9.8% |
| VIAB | $29.20 | $29.45 | $0.60 | 2.9% | 9.8% |
| GILD | $72.71 | $66.01 | $1.71 | -6.9% | 9.8% |
| TUP | $47.32 | $29.36 | $2.04 | -33.6% | 9.8% |
| EGOV | $13.29 | $17.05 | $0.24 | 30.1% | 9.8% |
| Totals | 2.1% | 9.8% | |||
| 7/2/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| CJREF | $3.90 | $4.57 | $0.25 | 23.6% | 4.0% |
| GILD | $70.80 | $66.01 | $1.14 | -5.2% | 4.0% |
| IPG | $22.80 | $23.13 | $0.66 | 4.3% | 4.0% |
| KLAC | $102.03 | $115.78 | $2.25 | 15.7% | 4.0% |
| TUP | $40.09 | $29.36 | $1.36 | -23.4% | 4.0% |
| Totals | 3.0% | 4.0% | |||
| 10/2/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| CJREF | $3.36 | $4.57 | $0.06 | 37.8% | -3.1% |
| GILD | $78.13 | $66.01 | $0.57 | -14.8% | -3.1% |
| IPG | $22.80 | $23.13 | $0.45 | 3.4% | -3.1% |
| PETS | $31.56 | $23.38 | $0.54 | -24.2% | -3.1% |
| VIAB | $32.21 | $29.45 | $0.20 | -7.9% | -3.1% |
| Totals | -1.1% | -3.1% | |||
| 1/2/2019 | Start | Current | Dividend | Pct Gain | R3K Gain |
| EGOV | $12.54 | $17.05 | $0.00 | 36.0% | 14.5% |
| GILD | $62.01 | $66.01 | $0.00 | 6.5% | 14.5% |
| IPG | $20.50 | $23.13 | $0.24 | 14.0% | 14.5% |
| KLAC | $90.04 | $115.78 | $0.75 | 29.4% | 14.5% |
| OMC | $72.74 | $76.72 | $0.00 | 5.5% | 14.5% |
| Totals | 18.3% | 14.5% |
So kind of 50/50 here. Two of my tranches are leading the benchmark R3K and two are trailing. I do have one stinker in my 20 names, TUP in April 2018... hopefully it recoups some the final month.
Here is table aggregating all tranches:
| Category/Tranche | October | January | April | July | Total |
| Initial Investment | 249,820 | 249,939 | 250,180 | 249,728 | 999,667 |
| Current Tranche | -1.1% | 18.3% | 2.1% | 3.0% | 5.6% |
| Previous Tranche | 18.5% | -4.0% | 21.3% | 37.3% | 19.9% |
| Tranche -2 | 7.0% | 16.5% | 25.2% | 26.7% | 18.8% |
| Tranche -3 | 5.5% | 9.3% | -0.2% | -12.5% | 0.5% |
| Tranche -4 | 0.5% | 11.0% | 0.0% | 0.0% | 2.9% |
| MFI Overall Gain | 32.9% | 60.4% | 54.7% | 56.9% | 51.2% |
| Current Balance | 331,945 | 400,847 | 386,985 | 391,817 | 1,511,593 |
| R3K Current Tranche | -3.1% | 14.5% | 9.8% | 4.0% | 6.3% |
| R3K Overall Gain | 52.7% | 43.3% | 42.3% | 42.2% | 45.1% |
| R3K Balance | 381,395 | 358,181 | 355,943 | 355,069 | 1,450,588 |
| Annualized IRR | 6.6% | 12.0% | 11.8% | 13.0% | 10.9% |
Again, decent annualized IRR of 10.9%. My 4 current tranches are trailing benchmark by a point.
Here is table showing growth of hypothetical $100,000 at year 1:
| 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 |
| 7/1/2018 | 2.28% | 141,126 | 138,849 |
| 10/1/2018 | -0.85% | 147,963 | 148,808 |
| 1/1/2019 | 3.90% | 132,405 | 128,506 |
| Current | 6.10% | 151,159 | 145,057 |
Here is a table showing how the stocks did in February:
| Stock | Last Month | Current | Dividend | Change |
| GILD | 70.05 | 66.01 | - | -5.8% |
| IPG | 22.67 | 23.13 | 0.24 | 3.1% |
| EGOV | 16.54 | 17.05 | - | 3.1% |
| CJREF | 4.30 | 4.57 | - | 6.3% |
| KLAC | 106.96 | 115.78 | 0.75 | 8.9% |
| OMC | 77.60 | 76.72 | - | -1.1% |
| VIAB | 29.53 | 29.45 | - | -0.3% |
| TUP | 26.69 | 29.36 | - | 10.0% |
| AMGN | 187.07 | 191.16 | 1.32 | 2.9% |
| PETS | 22.94 | 23.38 | - | 1.9% |
So TUP has recovered over 10% from when they slashed their dividend.
Non MFI
If you came here to read about my MFI performance, you are free to leave now. The rest of this posting will have some tables on my non MFI - primarily income holdings, shipping and energy.
AS I am retired, I am trying to create a steady income stream from dividends/distributions. Here are my core holdings.
| Stock | 12/31/2018 | Current | Dividend | Yield | Change |
| LADR | 15.47 | 17.96 | - | 7.6% | 16.1% |
| T | 28.54 | 30.82 | 0.51 | 6.6% | 9.8% |
| OXY | 61.38 | 67.55 | - | 4.6% | 10.1% |
| CTL | 15.15 | 12.97 | - | 8.3% | -14.4% |
| KCLI | 37.00 | 36.00 | 0.27 | 3.0% | -2.0% |
| GLOP-PB | 20.33 | 24.68 | - | 8.3% | 21.4% |
| ET | 13.21 | 14.98 | 0.31 | 8.1% | 15.7% |
| NRZ | 14.21 | 16.56 | 12.1% | 16.5% | |
| TOO-PE | 17.90 | 19.67 | 0.69 | 10.8% | 13.7% |
| NTR | 47.00 | 54.68 | 3.1% | 16.3% | |
| TGONF | 11.38 | 12.68 | 0.18 | 5.7% | 13.0% |
| O | 63.04 | 69.14 | 0.45 | 3.8% | 10.4% |
| INSW-PA | 23.10 | 24.97 | 8.5% | 8.1% | |
| TGP-PB | 21.84 | 24.00 | 8.8% | 9.9% | |
| DLNG-PB | 18.02 | 19.73 | 0.72 | 10.7% | 13.5% |
| OIBAX | 5.36 | 5.51 | 0.05 | 5.0% | 3.7% |
So similar to my MFI holdings, you can see these have done well in 2019. My only regret was selling KMI (not shown here) too early as it is up 32% in 2019. CTL is my one poor holding as they cut their dividend in half this month.
Here are my shipping holdings:
| Stock | 12/31/2018 | Current | Dividend | Change |
| TGP | 11.02 | 13.92 | 0.14 | 27.6% |
| GLNG | 21.76 | 20.92 | - | -3.9% |
| TK | 3.34 | 4.11 | 0.06 | 24.7% |
| CMRE | 4.99 | 5.13 | - | 2.8% |
| DHT | 3.92 | 4.42 | 0.05 | 14.0% |
| NMM | 0.85 | 0.97 | 0.02 | 16.7% |
| CPLP | 2.09 | 2.26 | 0.05 | 10.3% |
Here are my energy holdings:
| Stock | 12/31/2018 | Current | Dividend | Change |
| ECA | 5.78 | 7.26 | - | 25.6% |
| CHK | 2.10 | 3.13 | - | 49.0% |
| WPX | 11.35 | 12.54 | - | 10.5% |
| SEDG | 35.10 | 41.34 | - | 17.8% |
| AR | 9.39 | 9.15 | - | -2.6% |
| PXD | 131.52 | 144.46 | - | 9.8% |
So some nice moves in Energy and shipping... but again those are after getting bludgeoned in q4. In hindsight, the smart move would have been to have doubled down on 12/31!
Posts
No comments:
Post a Comment