Good morning everyone. Happy Easter weekend. Spring seems to be finally getting here, along with the pollen (as I sneeze). Kind of crazy, my wife and I went to a couple estate sales last weekend (we are looking to help furnish/stock apartment for daughter). On one of them, we arrived right at the end and they just wanted to have people carry stuff away - so the said pay $5 and take whatever you want.
I saw an old (vintage) Magnavox automatic turntable with some speakers and records. So I figured for $5 I really could not go wrong. It actually worked and needle in good shape! I have gotten a ton of enjoyment from it this week. Listening to Jackson Browne, The Pretender right now. I had forgotten how good vinyl sounded. And I get a sense of nostalgia listening to entire LPs I grew up with.
Ok, I suspect most of you are not here for a trip down memory lane. 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 key/interesting posts (ar as Artie Johnson used tosay, for the old timers out there, Very interesting). I encourage you to give it a whirl (Guide To New Readers). (PS - I continue to struggle to make this link work. You can instead go to Blog archive on left margin of this blog and you will find a link in October 2017). Of course, I have to have a disclaimer - I am just a guy with a spreadsheet and not a stock advisor (pretty clear as I end 1st quarter in the red overall). You should do your own due diligence before acting on anything you read here.
Onwards.
Last Week
My portfolio and the markets bounced back to end the quarter after the previous week's bloodbath. I wish I could tell you I am stomping the benchmarks, but I am not. As I observed last week, I seem to do better (relatively) when the markets are going down... so as the markets went up last week, I lost ground. This, of course, is not my intent, but rather an observation.
Here is a summary of where things stand at the end of Q1:
| Component | YTD | Week Change |
| Overall | -3.1% | +1.2% |
| MFI Select | +1.7% | +2.1% |
| MFI Formula | +1.3% | +0.8% |
| MFI Combined | +1.5% | +1.4% |
| Miscellaneous | -10.3% | +0.3% |
| Dividend | -3.2% | +1.6% |
| Dividend Index | -3.6% | +1.9% |
| R3K Index | -0.7% | +2.4% |
| Blended Index | -1.9% | +2.2% |
| MFI Index | +7.1% | +0.6% |
| GARIX | +0.1% | +1.6% |
So down 3.1% in 2018. My two real $ MFI portfolios are up 1.5% (aha!), while Russell 3000 benchmark is down 0.7%. MFI Index is up 7.1% and GARIX (an MFI mutual fund was up 0.1%). So it was a decent quarter for MFI stuff. However, you will see the other two corners of my investing triangle, "Dividend" and "Miscellaneous" are dragging me down. Frustrating.
I will also pause here to show how the MFI Index is faring in 2018 and inception to date going back to 2006. The MFI Index is a basket of 50 stocks from the official screen reconstituted once a year.
| Annual | Inception to Date | |||
| Year | Russell | MFI | Russell ITD | MFI ITD |
| 2006 | 11.40% | 15.03% | 11.40% | 15.03% |
| 2007 | 4.09% | -6.69% | 15.96% | 7.34% |
| 2008 | -37.05% | -37.97% | -27.00% | -33.42% |
| 2009 | 32.51% | 45.18% | -3.27% | -3.34% |
| 2010 | 18.38% | 22.77% | 14.50% | 18.67% |
| 2011 | -0.56% | -10.47% | 13.87% | 6.25% |
| 2012 | 16.43% | 9.70% | 32.57% | 16.56% |
| 2013 | 33.01% | 51.70% | 76.34% | 76.82% |
| 2014 | 12.26% | 12.07% | 97.95% | 98.15% |
| 2015 | 0.38% | -8.95% | 98.33% | 89.37% |
| 2016 | 12.50% | 13.19% | 110.62% | 101.16% |
| 2017 | 20.82% | 4.74% | 133.65% | 105.95% |
| 2018 | -0.75% | 7.09% | 131.90% | 120.55% |
So same numbers as blue table above for 2018, but does give the gentle reader some context of how MFI (market cap $100m and greater) has fared over time by my reckoning.
Stay tuned this week and I will also be analyzing a tracking basket of 50 MFI stocks I started at end of March in 2017.
MFI Select
As I mentioned, I have two real $ MFI portfolios. I started MFI Select in August 2012 after quitting MFI for a year from frustration of subpar results. I did some analysis and then rebooted my approach. MFI Select consists of 4 tranches of stocks and each tranche has 5 stocks. I buy and hold for a year and then rinse and repeat. Most of tables below assume I started with $100,000 over the first four tranches and then continuous rolling over and reinvesting. In reality, I have almost always added money at anniversary dates and made some attempts to keep amounts in each of four tranches in the same ballpark. In 2018 I am basically increasing stakes by about 30% in each tranche. As the name connotes, I allow myself to pick whatever stocks I want here, even if not on official screen.
Here are the four open tranches:
| 5/6/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| WSTC | $24.15 | $23.50 | $0.00 | -2.7% | 11.8% |
| TGNA | $25.75 | $20.83 | $0.28 | -18.0% | 11.8% |
| TIME | $15.05 | $18.50 | $0.08 | 23.5% | 11.8% |
| MSGN | $23.55 | $22.60 | $0.00 | -4.0% | 11.8% |
| QCOM | $54.93 | $55.41 | $2.28 | 5.0% | 11.8% |
| Totals | 0.7% | 11.8% | |||
| 8/15/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| GHC | $591.10 | $602.25 | $2.54 | 2.3% | 8.8% |
| ICHR | $19.80 | $24.21 | $0.00 | 22.3% | 8.8% |
| MD | $43.00 | $55.63 | $0.00 | 29.4% | 8.8% |
| SIMO | $43.05 | $48.12 | $0.60 | 13.2% | 8.8% |
| RHI | $44.15 | $57.89 | $0.76 | 32.8% | 8.8% |
| Totals | 20.0% | 8.8% | |||
| 11/15/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| MSGN | $16.67 | $22.60 | $0.00 | 35.6% | 3.7% |
| CELG | $100.60 | $89.21 | $0.00 | -11.3% | 3.7% |
| EVC | $5.78 | $4.70 | $0.10 | -17.0% | 3.7% |
| SIMO | $46.88 | $48.12 | $0.30 | 3.3% | 3.7% |
| VIAB | $24.41 | $31.06 | $0.40 | 28.9% | 3.7% |
| Totals | 7.9% | 3.7% | |||
| 2/1/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AGX | $43.55 | $42.95 | $0.00 | -1.4% | -5.6% |
| CASA | $18.81 | $29.34 | $0.00 | 56.0% | -5.6% |
| KLAC | $109.80 | $109.01 | $0.59 | -0.2% | -5.6% |
| THO | $136.33 | $115.17 | $0.37 | -15.2% | -5.6% |
| WDC | $87.74 | $92.27 | $0.50 | 5.7% | -5.6% |
| Totals | 9.0% | -5.6% |
So pretty solid. The May tranche is the laggard (ironically, May always seems to be the worst). Other three tranches looking fine. Here is a table summarizing all tranches:
| Category/Tranche | August | November | February | May | Total |
| Initial Investment | 25,000 | 25,000 | 25,000 | 25,000 | 100,000 |
| Current Tranche | 20.0% | 7.9% | 9.0% | 0.7% | 9.2% |
| Previous Tranche | -0.1% | 42.6% | 74.9% | 19.1% | 34.5% |
| 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 | 121.2% | 362.5% | 249.8% | 41.1% | 193.7% |
| Current Balance | 55,292 | 115,626 | 87,460 | 35,287 | 293,665 |
| R3K Current Tranche | 8.8% | 3.7% | -5.6% | 11.8% | 4.7% |
| R3K Overall Gain | 108.4% | 112.6% | 90.6% | 78.3% | 97.5% |
| R3K Balance | 52,089 | 53,142 | 47,643 | 44,578 | 197,451 |
| Annualized IRR | 15.2% | 33.0% | 27.5% | 7.3% | 20.7% |
A 20.7% annualized IRR is very satisfactory. You can see how May has traditionally lagged looking down the May column. An initial hypothetical $25,000 would be $35,287 right now... or a 7.3% annualized IRR. You can look at bottom row and see all other tranches are much better, with November topping the charts at 33.0% IRR. Hmm, August looks strange, seems better than 15.2%. No, it is right... momentary lapse of reason there.
Here is how the hypothetical $100,000 would have grown since 2012, quarter by quarter vs benchmark:
| 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 | 96.21% | 293,665 | 197,451 |
Finally, here are how the stocks did during the first quarter:
| Stock | Start of Year | Current | Dividend | Change |
| MSGN | 20.25 | 22.60 | - | 11.6% |
| SIMO | 52.96 | 48.12 | 0.15 | -8.9% |
| VIAB | 30.81 | 31.06 | 0.20 | 1.5% |
| CASA | 18.81 | 29.34 | - | 56.0% |
| KLAC | 105.07 | 109.01 | 0.59 | 4.3% |
| THO | 136.33 | 115.17 | - | -15.5% |
| AGX | 43.55 | 42.95 | - | -1.4% |
| WDC | 87.74 | 92.27 | 0.60 | 5.8% |
| EVC | 7.15 | 4.70 | 0.05 | -33.6% |
| ICHR | 24.60 | 24.21 | - | -1.6% |
| CELG | 104.36 | 89.21 | - | -14.5% |
| RHI | 55.54 | 57.89 | 0.28 | 4.7% |
| MD | 53.44 | 55.63 | - | 4.1% |
| QCOM | 64.02 | 55.41 | 0.57 | -12.6% |
| GHC | 558.35 | 602.25 | 1.13 | 8.1% |
| TGNA | 23.69 | 20.83 | 0.07 | -11.8% |
Obviously the 2/1/18 tranche is only in here for two weeks and this ignores the one month of Feb 2017 returns. AGX did have a good week, up 13% as they finally announced a new power plant. One or two more and we are in business. EVC was my big loser for the quarter.
MFI Formula
Ok, just switched record to Ray Charles, Modern Sounds in Country Music. Sounds so good. MFI Formula is my 2nd portfolio of real cash. It is exact opposite of "Select" in that my stocks are picked via a formula, so formula ^ 2 (math joke).
I started this portfolio October 2014 after noting that larger market cap stocks from official screen that pay a dividend have done better. Same tables, just a bit faster.
| 4/1/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| BKE | $18.45 | $22.15 | $2.75 | 35.0% | 13.6% |
| CSCO | $33.76 | $42.89 | $1.16 | 30.5% | 13.6% |
| GILD | $67.50 | $75.39 | $2.13 | 14.8% | 13.6% |
| OMC | $85.53 | $72.67 | $2.25 | -12.4% | 13.6% |
| SYNT | $16.76 | $25.53 | $0.00 | 52.3% | 13.6% |
| Totals | 24.0% | 13.6% | |||
| 7/1/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| CSCO | $30.98 | $42.89 | $0.58 | 40.3% | 10.3% |
| GME | $20.95 | $12.62 | $1.14 | -34.3% | 10.3% |
| HPQ | $17.60 | $21.92 | $0.40 | 26.8% | 10.3% |
| RGR | $60.70 | $52.50 | $0.67 | -12.4% | 10.3% |
| SYNT | $16.21 | $25.53 | $0.00 | 57.5% | 10.3% |
| Totals | 15.6% | 10.3% | |||
| 10/1/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| DIN | $43.14 | $65.58 | $1.60 | 55.7% | 5.6% |
| GILD | $82.85 | $75.39 | $1.09 | -7.7% | 5.6% |
| GME | $20.50 | $12.62 | $0.76 | -34.7% | 5.6% |
| HPQ | $20.22 | $21.92 | $0.27 | 9.7% | 5.6% |
| OMC | $74.80 | $72.67 | $1.15 | -1.3% | 5.6% |
| Totals | 4.3% | 5.6% | |||
| 1/2/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AMGN | $177.11 | $170.48 | $1.32 | -3.0% | -1.3% |
| GME | $18.06 | $12.62 | $0.38 | -28.0% | -1.3% |
| GILD | $71.64 | $75.39 | $0.57 | 6.0% | -1.3% |
| HRB | $26.34 | $25.41 | $0.24 | -2.6% | -1.3% |
| OMC | $72.81 | $72.67 | $0.60 | 0.6% | -1.3% |
| Totals | -5.4% | -1.3% |
My April 2017 tranche is just about to hit one year anniversary. I actually thought it was today, as Sunday is April 1st. But I checked my records and I started it April 3rd. So I will officially close it at end of day Monday and buy 5 new stocks on Tuesday. I will sell OMC Monday (to harvest ST capital losses) and sell the rest on Wednesday (the 4th).
Here is table summarizing all tranches. I will publish the details of tranches behind this table Monday or Tuesday next week when I close out April 2017.
| Category/Tranche | October | January | April | July | Total |
| Initial Investment | 249,820 | 249,939 | 250,180 | 249,728 | 999,667 |
| Current Tranche | 4.3% | -5.4% | 24.0% | 15.6% | 8.1% |
| Previous Tranche | 7.0% | 16.5% | 25.2% | 26.7% | 19.7% |
| Tranche -2 | 5.5% | 9.3% | -0.2% | -12.5% | 0.5% |
| Tranche -3 | 0.5% | 11.0% | 0.0% | 0.0% | 2.9% |
| MFI Overall Gain | 18.3% | 33.7% | 54.9% | 28.2% | 33.8% |
| Current Balance | 295,600 | 334,179 | 387,458 | 320,100 | 1,337,337 |
| R3K Current Tranche | 5.6% | -1.3% | 13.6% | 10.3% | 7.0% |
| R3K Overall Gain | 41.6% | 33.2% | 32.5% | 28.4% | 33.9% |
| R3K Balance | 353,865 | 332,811 | 331,603 | 320,701 | 1,338,981 |
| Annualized IRR | 4.9% | 9.4% | 15.7% | 9.4% | 9.9% |
So much lower annualized IRR (9.9%) than select. But this portfolio missed an unbelievable 2013 for MFI stocks (if you scroll to top, furst red table you'll see MFI Index was up 50%!!! in 2013). Oh well. Looking at open tranches, January 2018 is off to a rough start, down 5.4%. GME is really, really hurting me as it is in three tranches and seems to be on it's way to being a stinker (down 30% or more).
Here is how the hypothetical $100,000 has grown:
| 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 | -0.16% | 133,734 | 133,898 |
Finally, here is performance by stock for first quarter:
| Stock | Jan-18 | Current | Dividend | Change |
| GILD | 71.64 | 75.39 | 0.57 | 6.0% |
| OMC | 72.83 | 72.67 | 0.60 | 0.6% |
| GME | 17.95 | 12.62 | 0.38 | -27.6% |
| SYNT | 22.99 | 25.53 | - | 11.0% |
| CSCO | 38.30 | 42.89 | 0.33 | 12.8% |
| HPQ | 21.01 | 21.92 | 0.13 | 5.0% |
| AMGN | 177.11 | 170.48 | 1.32 | -3.0% |
| HRB | 26.22 | 25.41 | 0.24 | -2.2% |
| BKE | 23.75 | 22.15 | 2.00 | 1.7% |
| DIN | 50.73 | 65.58 | 0.63 | 30.5% |
| RGR | 55.85 | 52.50 | 0.23 | -5.6% |
These are generally listed in descending order of size, so the -27.6% on GME hurt a lot more than the +30.5% for DIN.
Dividend Stocks
For those readers who just care about MFI, time to get off the train. Now I will chatter a bit about my other two investment portfolios: Dividend and Misc Portfolios.
My Dividend Portfolio is actually my largest allocation at about 41%. I do not plan to grow it any further in the short term, though I am still in growth mode on MFI side (I am increasing them by 30% in 2018 - although that is already counted in the 41% to dividend portfolio).
I know dividend/income portfolios will be challenged in a rising rate environment. I looked the other day and the 10 year rate has already risen about 50 basis points this quarter. And basic bond math is high rates = lower prices. But I know that. I have tried to pick some income investments that are perhaps less sensitive to rates that things like long treasuries (such as GLOP-PB). So while I do show overall returns on my dividend portfolio, my real focus is on sustainability/growth of income. That is its purpose in life.
| Dividend Stocks | Start | Current | Divvy | Overall Pct Gain | Weekly Pct Gain | 12/30/17 Price | Yield | 2018 |
| TK | 7.52 | 8.09 | 0.07 | 8.5% | 3.6% | 9.32 | 2.7% | -13.2% |
| OIBAX | 5.91 | 6.05 | 0.23 | 6.2% | 0.0% | 5.96 | 3.8% | 1.5% |
| NS | 29.41 | 20.39 | 0.91 | -27.6% | 1.7% | 29.95 | 11.8% | -31.9% |
| TGP | 18.28 | 17.90 | 0.14 | -1.3% | -2.5% | 20.15 | 3.1% | -11.2% |
| KCLI | 48.89 | 44.99 | 0.60 | -6.7% | 4.9% | 45.25 | 2.4% | -0.6% |
| GLOP-PB | 25.36 | 25.70 | 0.33 | 2.6% | 0.6% | 25.36 | 5.1% | 1.3% |
| KNOP | 21.30 | 19.80 | 0.52 | -4.6% | -1.2% | 20.75 | 10.5% | -4.6% |
| CPLP | 3.53 | 3.12 | 0.16 | -7.2% | -0.6% | 3.36 | 10.3% | -7.1% |
| LADR | 13.01 | 15.08 | 0.93 | 23.1% | 3.1% | 13.63 | 8.4% | 10.6% |
| JQC | 8.18 | 7.94 | 0.76 | 6.4% | 0.3% | 8.22 | 6.2% | -3.4% |
| ISBC | 13.25 | 13.64 | 0.24 | 4.8% | 3.4% | 13.88 | 2.6% | -1.7% |
| EVG | 14.46 | 13.64 | 0.56 | -1.8% | 1.9% | 14.35 | 6.7% | -4.9% |
| FDEU | 18.40 | 17.98 | 1.06 | 3.5% | 2.4% | 18.83 | 8.1% | -4.5% |
| PSXP | 47.39 | 47.78 | 1.71 | 4.4% | 1.7% | 52.35 | 5.7% | -8.7% |
| RLJ-PA | 28.45 | 25.38 | 1.46 | -5.6% | -1.1% | 27.01 | 7.7% | -6.0% |
| NRZ | 16.56 | 16.45 | 1.67 | 9.4% | -0.2% | 17.88 | 12.2% | -8.0% |
| SBRA | 22.15 | 17.65 | 0.62 | -17.5% | 6.0% | 18.77 | 10.2% | -6.0% |
| DSL | 19.47 | 20.08 | 2.29 | 14.9% | 1.2% | 20.19 | 9.0% | -0.5% |
| OCSI | 8.68 | 7.89 | 0.57 | -2.5% | -1.0% | 8.40 | 9.6% | -6.1% |
| TGONF | 11.04 | 13.10 | 1.96 | 36.5% | 2.7% | 13.30 | 5.4% | -1.5% |
| TOO | 2.33 | 2.27 | 0.01 | -2.3% | -4.2% | 2.36 | 1.8% | -3.8% |
| AMID | 11.87 | 10.80 | 0.18 | -7.5% | 6.4% | 13.35 | 15.3% | -19.1% |
| O | 25.93 | 51.73 | 21.53 | 182.5% | 4.9% | 57.02 | 5.1% | -9.3% |
| Totals | 0.9% | 1.6% | 6.7% | -3.2% |
So, a bit of a bounce (up 1.6%) from the 3.6% beatdown of previous week. I did double my AMID holdings at end of day yesterday, so the very keen-eyed of you will notice the basis has dropped from $13.25 last week to 11.87 this week. These also are generally in descending order of size, but I have not moved AMID yet (will probably do that next week. It will now be right under KCLI, so a larger holding. My buying them is a signal for a secondary offering to drop AMID another 10% (ok, I'm kidding).
I also have a basket of 10 smaller bank stocks as part of this portfolio. They have been pretty disappointing.
| Bank | Start | Current | Dividends | Change | 2018 Change | Yield |
| ACBI | 16.99 | 18.10 | - | 6.5% | 2.8% | 0.0% |
| ASB | 25.69 | 24.85 | 0.15 | -2.7% | -2.2% | 2.3% |
| FBIZ | 23.69 | 25.16 | 0.14 | 6.8% | 13.7% | 2.2% |
| FULT | 18.81 | 17.75 | 0.23 | -4.4% | -0.8% | 2.4% |
| FNB | 14.47 | 13.45 | 0.12 | -6.2% | -2.7% | 3.5% |
| MSBI | 32.96 | 31.56 | 0.22 | -3.6% | -2.8% | 2.7% |
| NRIM | 37.47 | 34.55 | 0.45 | -6.6% | 2.1% | 2.7% |
| PACW | 48.30 | 49.53 | 0.50 | 3.6% | -1.7% | 4.0% |
| SONA | 17.13 | 15.84 | 0.08 | -7.0% | -1.2% | 2.0% |
| WNEB | 10.88 | 10.65 | 0.04 | -1.7% | -2.3% | 1.5% |
| Total | -1.5% | 0.5% | 2.3% |
Hmm, now that I think about it, the overall 0.5% change for 2018 isn't that disappointing when looking at overall dividend portfolio down 3%ish. I guess my expectations here were higher.
Finally, here is a dividend index I created from a listing Barron's published in December. IT contains 40 income securities, including closed end funds, reits, MLPs, bond/treasury funds and utilities.
| Ticker | 12/30/2017 | Current | Dividend | YTD Change | Weekly Change | Yield |
| AMLP | 10.79 | 9.37 | 0.21 | -11.3% | 0.6% | 8.98% |
| NML | 9.38 | 8.16 | 0.17 | -11.2% | -0.2% | 8.09% |
| EPD | 26.51 | 24.48 | 0.42 | -6.1% | 0.7% | 6.87% |
| ETP | 17.92 | 16.22 | 0.57 | -6.3% | 0.4% | 13.66% |
| FDD | 13.73 | 13.84 | 0.15 | 1.9% | 3.2% | 2.52% |
| VGK | 59.15 | 58.16 | 0.38 | -1.0% | 1.6% | 2.75% |
| DDAIF | 84.57 | 84.83 | 3.25 | 4.2% | 4.7% | 4.09% |
| NVS | 83.96 | 80.85 | 2.75 | -0.4% | 2.9% | 3.67% |
| NOBL | 64.04 | 62.25 | 0.33 | -2.3% | 2.5% | 1.87% |
| VYM | 85.63 | 82.49 | 0.62 | -2.9% | 1.9% | 2.97% |
| MRK | 56.27 | 54.47 | 0.48 | -2.3% | 2.0% | 3.49% |
| PEP | 119.92 | 109.15 | 0.81 | -8.3% | 2.8% | 2.97% |
| VNQ | 82.98 | 75.47 | 0.98 | -7.9% | 3.0% | 4.80% |
| RQI | 12.65 | 11.85 | 0.24 | -4.4% | 4.0% | 3.96% |
| TCO | 65.43 | 56.91 | 0.63 | -12.1% | 1.6% | 4.45% |
| SLG | 100.93 | 96.83 | 0.78 | -3.3% | 4.2% | 3.28% |
| T | 38.88 | 35.65 | 0.49 | -7.0% | 2.7% | 5.52% |
| VZ | 52.93 | 47.82 | 0.56 | -8.6% | 3.3% | 4.88% |
| CHL | 50.54 | 45.75 | - | -9.5% | 2.7% | 4.03% |
| DTEGY | 17.66 | 16.39 | - | -7.2% | 3.0% | 4.17% |
| DSU | 11.70 | 11.62 | 0.21 | 1.1% | -0.3% | 3.54% |
| HIO | 5.07 | 4.81 | 0.09 | -3.4% | 0.8% | 4.07% |
| MUB | 110.74 | 108.93 | 0.63 | -1.1% | 0.3% | 2.28% |
| PRHYX | 6.76 | 6.59 | 0.06 | -1.6% | 0.0% | 5.40% |
| NEA | 13.75 | 13.00 | 0.18 | -4.1% | 1.0% | 5.51% |
| JNK | 36.72 | 35.85 | 0.50 | -1.0% | 0.6% | 5.66% |
| VWITX | 14.13 | 13.88 | 0.09 | -1.1% | 0.1% | 0.00% |
| PHMIX | 9.09 | 8.98 | 0.10 | -0.2% | 0.1% | 2.80% |
| UTG | 30.94 | 28.23 | 0.48 | -7.2% | 3.1% | 4.20% |
| XLU | 52.65 | 50.52 | 0.42 | -3.2% | 3.0% | 3.39% |
| DUK | 84.11 | 77.47 | 0.89 | -6.8% | 3.1% | 4.55% |
| EIX | 63.24 | 63.66 | 0.54 | 1.5% | 2.4% | 3.61% |
| PFF | 38.07 | 37.56 | 0.54 | 0.1% | 0.3% | 5.62% |
| JPC | 10.34 | 10.01 | 0.20 | -1.3% | 3.6% | 3.90% |
| WFC-PL | 1,309.99 | 1,290.00 | 18.75 | -0.1% | 0.3% | 5.80% |
| TIP | 114.08 | 113.05 | 0.63 | -0.4% | 0.4% | 2.30% |
| SHY | 83.85 | 83.56 | 0.24 | -0.1% | 0.1% | 1.07% |
| TLT | 126.86 | 121.90 | 0.77 | -3.3% | 1.4% | 2.53% |
| Totals | - | - | - | -3.6% | 1.8% | 4.30% |
So you can see the struggle here as well, down 3.6% on the year. While income has stayed constant(thus "safe"), total value has diminished. But some equities/funds. (TCU, AMLP and NML) have been hit pretty hard.
Miscellaneous
Man, down 10.3% so far. You just just short my picks. Admittedly, I do not list them all here regularly, I know they are riskier names and I'd rather not encourage people to follow me. I discussed OMER at length last week in how they got some medicare funding for a drug. I should have sold it all last Thursday when it closed at $15.75. It has since crashed back to $11.17. Not sure I understand the crash - perhaps the funding was rescinded or delayed? I will eventually have to look.
I have been trading much less in this portfolio in 2018, but still struggling with results. I will be patient though. I did buy DHT, a beaten down shipped at 3.82... just a 1/2 position this week.
The good news is that WLFC has really started to go up. 16% this past week and 20% since earnings. I tried to buy some more last Friday, but price kept running away from me. Now at $34, I still think this can be a $40 to $45 stock. MTG is also bouncing back after it tanked on ARCH striking a deal with Fannie Mae. I should have bought more with that drop as MTG just makes money and is relatively cheap (over 10% earnings yield). SELB also had a good week.
My two big shippers, NMM and SSW are diverging. SSW is up like 25 to 30% since I bought it. Unfortunately (perhaps), I sold some August $7.50 calls, so my upside from here is a bit limited (current $6.68). NMM is being drug down by a weird secondary at $1.90 plus generally weakish dry bulk rates. If they do something "smart" with funds they raised at $1.90 and dry bulk rates start to stabilize/increase, this stocks could easily go north of $2.50.
Ok, I think that is enough pontificating. I will definitely have two more posts over next 4 days, so need to save some hot air.
Posts
No comments:
Post a Comment