Another week zips by... looks like Spring has finally made it to New England. Kind of a quiet week overall, although I did get quite a few earnings in during the week (more good than bad). More on that to come.
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.
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. I encourage you to give it a whirl (Guide To New Readers). (PS - I continue to struggle to make thislink 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 non-economist, non-CFA with a spreadsheet and not a stock advisor (pretty clear as I ended 1st quarter in the red overall). You should do your own due diligence before acting on anything you read here.Onwards.
Last Week
Kind of an up and down week. At one point, I was doing great and had actually caught up with the benchmark. But then Thursday and Friday happened and I fell back again. So overall a push. Which surprises me as most of my earnings were pretty decent.
AMGN, DDR, ISBC, NRZ, NS, QCOM, RHI, TUP, KLAC and SALT all had solid earnings and their stocks went up. WDC and CAAP were my big down stocks on earnings. I did make a few trades, the big one was I got out of my fixed preferred: RLJ-PA. I just decided that with interest rates on upward bent, I would prefer a preferred (see what I did there? I told you occasionally amusing) that has a floating interest rate feature.
Here is my weekly, quarterly and YTD results:
| Component | YTD | 2nd Quarter | Week Change |
| Overall | -1.3% | +1.8% | +0.1% |
| MFI Select | -2.8% | -4.6% | -2.6% |
| MFI Formula | +6.0% | +4.7% | +2.8% |
| MFI Combined | +1.4% | -0.1% | +0.0% |
| Miscellaneous | -7.2% | +3.1% | -0.8% |
| Dividend | -0.5% | +2.7% | +0.6% |
| Dividend Index | -2.4% | +1.2% | +0.5% |
| R3K Index | +0.4% | +1.1% | -0.1% |
| Blended Index | -0.9% | +1.2% | +0.2% |
| MFI Index | +9.1% | +2.0% | -0.8% |
| GARIX | -0.5% | -0.6% | -0.4% |
You can see it was a good week (kind of) for my dividend portfolio, MFI Formula and the Dividend Index. Those all have common theme of paying some sort of dividend. Coincidence? You tell me. My MFI Select is really struggling of late (down 4.6% since April 1st). CASA was flying high and crashed somewhat with a secondary offering. Seems like a good segue into discussing...
MFI Select
I am going to go a bit faster today (apologies), but I have places to go and people to see today. So I will cut and paste a bit.
I have two portfolios of MFI stocks involving real money. I call in first (and oldest) MFI Select. That is because I allow myself to pick whatever stocks I want, even those not on the official screen (although they always have to have MFI qualities of good companies at good prices). I started MFI Select in August 2012 after quitting MFI for a year due to frustration at sub par results (it can be a challenging investing approach to stick with). My MFI Select portfolio consists of 4 tranches of 5 stocks apiece. I buy and hold the stocks in each tranche for a year. 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% | 13.0% |
| TGNA | $25.75 | $20.22 | $0.28 | -20.4% | 13.0% |
| TIME | $15.05 | $18.50 | $0.08 | 23.5% | 13.0% |
| MSGN | $23.55 | $21.60 | $0.00 | -8.3% | 13.0% |
| QCOM | $54.93 | $51.11 | $2.28 | -2.8% | 13.0% |
| Totals | -2.1% | 13.0% | |||
| 8/15/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| GHC | $591.10 | $608.60 | $3.81 | 3.6% | 10.0% |
| ICHR | $19.80 | $21.83 | $0.00 | 10.3% | 10.0% |
| MD | $43.00 | $46.92 | $0.00 | 9.1% | 10.0% |
| SIMO | $43.05 | $46.20 | $0.60 | 8.7% | 10.0% |
| RHI | $44.15 | $61.17 | $0.76 | 40.3% | 10.0% |
| Totals | 14.4% | 10.0% | |||
| 11/15/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| MSGN | $16.67 | $21.60 | $0.00 | 29.6% | 4.9% |
| CELG | $100.60 | $91.18 | $0.00 | -9.4% | 4.9% |
| EVC | $5.78 | $4.80 | $0.10 | -15.2% | 4.9% |
| SIMO | $46.88 | $46.20 | $0.30 | -0.8% | 4.9% |
| VIAB | $24.41 | $30.75 | $0.40 | 27.6% | 4.9% |
| Totals | 6.4% | 4.9% | |||
| 2/1/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AGX | $43.55 | $40.75 | $0.25 | -5.9% | -4.5% |
| CASA | $18.81 | $22.81 | $0.00 | 21.3% | -4.5% |
| KLAC | $109.80 | $102.18 | $0.59 | -6.4% | -4.5% |
| THO | $136.33 | $107.78 | $0.37 | -20.7% | -4.5% |
| WDC | $87.74 | $80.88 | $0.50 | -7.2% | -4.5% |
| Totals | -3.8% | -4.5% |
You can see WDC and THO struggling in February tranche. My May tranche is (thankfully) almost done. I am seeing some great ideas to create my 5 new holdings.
| Category/Tranche | August | November | February | May | Total |
| Initial Investment | 25,000 | 25,000 | 25,000 | 25,000 | 100,000 |
| Current Tranche | 14.4% | 6.4% | -3.8% | -2.1% | 3.0% |
| Previous Tranche | -0.1% | 42.6% | 74.9% | 19.1% | 35.1% |
| 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 | 110.8% | 355.9% | 208.9% | 37.1% | 178.2% |
| Current Balance | 52,710 | 113,981 | 77,217 | 34,273 | 278,182 |
| R3K Current Tranche | 10.0% | 4.9% | -4.5% | 13.0% | 5.8% |
| R3K Overall Gain | 110.7% | 115.0% | 92.7% | 80.3% | 99.7% |
| R3K Balance | 52,671 | 53,738 | 48,180 | 45,075 | 199,664 |
| Annualized IRR | 14.0% | 32.1% | 24.0% | 6.5% | 19.2% |
Well, my current tranches are now up a mere 3.0%, which is now trailing the open tranches of the benchmark at 5.8%. It isn't always roses in investing. Annualized IRR has fallen to 19.2%, still great but we were pushing 21% just a few weeks back. The CASA drop has hurt... I believe that will stop bleeding.
Here is the growth of hypothetical $100,000:
| 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 | 78.52% | 278,182 | 199,664 |
Avert your eyes if you have a sensitive stomach! Quite a drop since April 1st. Here is a table showing how the stocks have done since the start of the quarter so you can see the problem areas:
| Stock | Last Week | Current | Dividend | Change |
| MSGN | 23.05 | 21.60 | - | -6.3% |
| SIMO | 48.12 | 46.20 | - | -4.0% |
| VIAB | 29.20 | 30.75 | - | 5.3% |
| CASA | 27.96 | 22.81 | - | -18.4% |
| KLAC | 106.57 | 102.18 | - | -4.1% |
| THO | 112.39 | 107.78 | - | -4.1% |
| AGX | 44.80 | 40.75 | - | -9.0% |
| WDC | 90.80 | 80.88 | - | -10.9% |
| EVC | 4.55 | 4.80 | - | 5.5% |
| ICHR | 23.26 | 21.83 | - | -6.1% |
| CELG | 88.41 | 91.18 | - | 3.1% |
| RHI | 56.83 | 61.17 | - | 7.6% |
| MD | 55.44 | 46.92 | - | -15.4% |
| QCOM | 54.70 | 51.11 | - | -6.6% |
| GHC | 599.80 | 608.60 | - | 1.5% |
| TGNA | 20.60 | 20.22 | - | -1.9% |
| Average | -4.0% |
Oh yeah, I forgot that Jim Chanos said he was shorting MD. Great. Pretty ugly performance given market has been up a bit.
MFI Formula
My second real $ MFI portfolio is MFI Formula. It is the opposite of MFI Select => here all my stocks are picked via a formula and a random number generator (I know, it can be gut-wrenching to not have control at the micro level). I started this approach in October 2014 and it also has 4 tranches with each tranche having 5 stocks. As it is a formula and random number generator, I do get a fair # of duplicates within the 4 tranches. Here are the open tranches... actually same series of tables:
| 7/1/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| CSCO | $30.98 | $44.71 | $0.91 | 47.3% | 11.5% |
| GME | $20.95 | $13.86 | $1.14 | -28.4% | 11.5% |
| HPQ | $17.60 | $21.61 | $0.40 | 25.0% | 11.5% |
| RGR | $60.70 | $56.40 | $0.67 | -6.0% | 11.5% |
| SYNT | $16.21 | $28.99 | $0.00 | 78.8% | 11.5% |
| Totals | 23.4% | 11.5% | |||
| 10/1/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| DIN | $43.14 | $80.67 | $1.60 | 90.7% | 6.8% |
| GILD | $82.85 | $73.86 | $1.09 | -9.5% | 6.8% |
| GME | $20.50 | $13.86 | $0.76 | -28.7% | 6.8% |
| HPQ | $20.22 | $21.61 | $0.27 | 8.2% | 6.8% |
| OMC | $74.80 | $73.91 | $1.15 | 0.3% | 6.8% |
| Totals | 12.2% | 6.8% | |||
| 1/2/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AMGN | $177.11 | $177.46 | $1.32 | 0.9% | -0.2% |
| GME | $18.06 | $13.86 | $0.38 | -21.1% | -0.2% |
| GILD | $71.64 | $73.86 | $0.57 | 3.9% | -0.2% |
| HRB | $26.34 | $28.22 | $0.24 | 8.0% | -0.2% |
| OMC | $72.81 | $73.91 | $0.60 | 2.3% | -0.2% |
| Totals | -1.2% | -0.2% | |||
| 4/3/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AMGN | $166.46 | $177.46 | $0.00 | 6.6% | 3.1% |
| VIAB | $29.20 | $30.75 | $0.00 | 5.3% | 3.1% |
| GILD | $72.71 | $73.86 | $0.00 | 1.6% | 3.1% |
| TUP | $47.32 | $45.48 | $0.00 | -3.9% | 3.1% |
| EGOV | $13.29 | $14.90 | $0.00 | 12.2% | 3.1% |
| Totals | 4.4% | 3.1% |
Definitely a better trend on this side of my MFI investing coin.
| Category/Tranche | October | January | April | July | Total |
| Initial Investment | 249,820 | 249,939 | 250,180 | 249,728 | 999,667 |
| Current Tranche | 12.2% | -1.2% | 4.4% | 23.4% | 8.7% |
| 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 | 27.2% | 39.7% | 58.1% | 36.8% | 40.4% |
| Current Balance | 317,871 | 349,046 | 395,476 | 341,629 | 1,404,022 |
| R3K Current Tranche | 6.8% | -0.2% | 3.1% | 11.5% | 5.3% |
| R3K Overall Gain | 43.2% | 34.7% | 33.6% | 29.9% | 35.3% |
| R3K Balance | 357,838 | 336,564 | 334,259 | 324,288 | 1,352,948 |
| Annualized IRR | 7.0% | 10.6% | 16.0% | 11.7% | 11.3% |
Annualized IRR up to 11.3%. Current tranches beating benchmark 8.7% to 5.3%. Woo-hoo!
| 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 | 5.11% | 140,402 | 135,293 |
And we're actually breaking into a bit of a lead longer term over benchmark. double woo-hoo! Here is performance for the week:
| Stock | Last Week | Current | Dividend | Change |
| GILD | 73.70 | 73.86 | - | 0.2% |
| AMGN | 171.56 | 177.46 | - | 3.4% |
| OMC | 73.74 | 73.91 | - | 0.2% |
| GME | 12.88 | 13.86 | - | 7.6% |
| HPQ | 21.53 | 21.61 | - | 0.4% |
| VIAB | 30.66 | 30.75 | - | 0.3% |
| EGOV | 14.30 | 14.90 | - | 4.2% |
| TUP | 41.69 | 45.48 | - | 9.1% |
| DIN | 74.09 | 80.67 | - | 8.9% |
| SYNT | 28.14 | 28.99 | - | 3.0% |
| HRB | 27.10 | 28.22 | - | 4.1% |
| CSCO | 44.09 | 44.71 | - | 1.4% |
| RGR | 56.25 | 56.40 | - | 0.3% |
What???! GME up 7.6%?Must be a typo! No, it actually went up. Call the Wall Street Journal! DIN has been unbelievable... dare I say it has gone up too far and too fast? Not one stock in the red this past week, that is pretty remarkable.
Dividend Portfolio
That completes my discussion of things MFI. Now I will talk about my other two investing approaches: Dividend and Miscellaneous. My dividend portfolio is my largest portfolio. It is not meant to be exciting, but rather produce income for me and wife as I am retired. So it isn't just stocks, it has Closed end funds, mutual funds with bonds and preferred stocks. I know that some of these may not perform well on an absolute basis in a rising interest rate environment, but I want some relative certainty on retirement income. I have tried to pick some names that flex with interest rates, such as GLOP-PB, which has a floating (with Libor) feature.
I did sell the rest of my RLJ-PA this week and added to my ISBC. RLJ just seems destined to keep going down... it just was not a smart buy. I discussed last week how KCLI is "safe" due to low price to BV. While I belive that is true still, they did lay a real egg in quarterly earnings this week. Their investments and underwriting both seem subpar. And there is some risk to their book value dropping as increasing interest rates will decrease the value of longer tenured bonds. Nothing is a slam dunk.
| Dividend Stocks | Start | Current | Divvy | Overall Pct Gain | Weekly Pct Gain | 12/30/17 Price | Yield | 2018 | Adj 2018 |
| TK | 7.43 | 8.90 | 0.08 | 20.7% | -0.8% | 9.32 | 2.5% | -4.5% | 2.2% |
| OIBAX | 5.91 | 5.92 | 0.25 | 4.3% | -1.3% | 5.96 | 3.9% | -0.7% | -0.7% |
| LADR | 13.35 | 13.90 | 0.61 | 8.6% | -1.6% | 13.63 | 9.1% | 2.0% | 1.0% |
| KCLI | 48.14 | 41.00 | 0.52 | -13.7% | -4.1% | 45.25 | 2.6% | -9.4% | -8.9% |
| NS | 29.41 | 21.46 | 0.91 | -23.9% | 0.8% | 29.95 | 11.2% | -28.3% | -16.1% |
| CPLP | 3.50 | 3.23 | 0.14 | -3.8% | -1.5% | 3.36 | 9.9% | -3.9% | -3.5% |
| AMID | 11.87 | 11.65 | 0.18 | -0.3% | 1.3% | 13.35 | 14.2% | -12.7% | -2.2% |
| TGP | 18.28 | 18.35 | 0.14 | 1.2% | -1.9% | 20.15 | 3.1% | -8.9% | -8.5% |
| GLOP-PB | 25.36 | 26.30 | 0.33 | 5.0% | 3.6% | 25.36 | 8.0% | 3.7% | 3.7% |
| KNOP | 21.30 | 20.60 | 0.52 | -0.8% | -1.0% | 20.75 | 10.1% | -0.7% | -0.7% |
| JQC | 8.18 | 8.03 | 0.80 | 8.0% | 0.6% | 8.22 | 6.1% | -2.3% | -2.3% |
| ISBC | 13.33 | 13.64 | 0.17 | 3.6% | 0.3% | 13.88 | 2.6% | -1.7% | -1.7% |
| PSXP | 47.39 | 49.87 | 2.42 | 10.3% | -0.5% | 52.35 | 5.7% | -4.7% | -4.7% |
| EVG | 14.46 | 13.58 | 0.64 | -1.7% | 1.7% | 14.35 | 6.8% | -5.4% | -5.4% |
| FDEU | 18.40 | 17.76 | 1.18 | 2.9% | -0.7% | 18.83 | 8.2% | -5.7% | -5.7% |
| NRZ | 16.56 | 17.35 | 1.67 | 14.8% | 4.8% | 17.88 | 11.5% | -3.0% | -3.0% |
| SBRA | 22.15 | 18.36 | 0.62 | -14.3% | 6.7% | 18.77 | 9.8% | -2.2% | -2.0% |
| DSL | 19.47 | 20.14 | 2.44 | 16.0% | -0.1% | 20.19 | 8.9% | -0.2% | -0.2% |
| OCSI | 8.68 | 8.15 | 0.57 | 0.5% | 1.1% | 8.40 | 9.3% | -3.0% | -3.0% |
| TGONF | 11.04 | 12.86 | 1.96 | 34.3% | 0.6% | 13.30 | 5.5% | -3.3% | -3.3% |
| TOO | 2.33 | 2.71 | 0.01 | 16.5% | 5.4% | 2.36 | 1.5% | 14.8% | 12.2% |
| DDR | 7.00 | 7.43 | - | 6.2% | 10.1% | 7.00 | 10.2% | 6.1% | 6.2% |
| O | 26.04 | 51.45 | 21.44 | 179.9% | 3.9% | 57.02 | 5.1% | -9.8% | -9.6% |
| Totals | 3.4% | 0.5% | 6.8% | -0.5% |
The DDR purchase is off to a nice start... should have bought more! KCLI at -4.1% is the one stinker for the week... and that hurt a bit as this list is largely in order of size.
Here are my small banks I also own in a basket here:
| Bank | Start | Current | Dividends | Change | 2018 Change | Yield |
| ACBI | 16.99 | 19.90 | - | 17.1% | 13.1% | 0.0% |
| ASB | 25.69 | 26.70 | 0.15 | 4.5% | 5.1% | 2.3% |
| FBIZ | 23.69 | 25.81 | 0.14 | 9.6% | 16.7% | 2.2% |
| FULT | 18.81 | 17.25 | 0.23 | -7.0% | -3.6% | 2.7% |
| FNB | 14.47 | 13.29 | 0.12 | -7.3% | -3.8% | 3.7% |
| MSBI | 32.96 | 31.69 | 0.22 | -3.2% | -2.4% | 2.7% |
| NRIM | 37.47 | 35.15 | 0.45 | -5.0% | 3.8% | 2.7% |
| PACW | 48.30 | 52.40 | 0.50 | 9.5% | 4.0% | 4.1% |
| SONA | 17.13 | 16.37 | 0.08 | -3.9% | 2.1% | 2.1% |
| WNEB | 10.88 | 10.80 | 0.04 | -0.4% | -0.9% | 1.5% |
| Total | 1.4% | 3.4% | 2.4% |
Up 3.4% in 2018 is nothing to sneeze at. PACW just increased dividend from 50 cents a quarter to 60 cents. Not bad.
Finally, here is dividend index that I compare against:
| Ticker | 12/30/2017 | Current | Dividend | YTD Change | Weekly Change | Yield |
| AMLP | 10.79 | 10.09 | 0.21 | -4.6% | 0.7% | 8.34% |
| NML | 9.38 | 8.53 | 0.22 | -6.7% | -0.2% | 7.74% |
| EPD | 26.51 | 26.48 | 0.84 | 3.1% | -0.4% | 6.35% |
| ETP | 17.92 | 17.94 | 0.57 | 3.3% | -1.2% | 12.32% |
| FDD | 13.73 | 14.41 | 0.15 | 6.0% | 0.6% | 2.42% |
| VGK | 59.15 | 59.69 | 0.38 | 1.5% | -0.3% | 2.68% |
| DDAIF | 84.57 | 79.58 | 3.25 | -2.1% | -0.5% | 5.65% |
| NVS | 83.96 | 77.27 | 2.75 | -4.7% | -0.8% | 3.86% |
| NOBL | 64.04 | 62.25 | 0.33 | -2.3% | -0.1% | 1.87% |
| VYM | 85.63 | 83.41 | 0.62 | -1.9% | 0.3% | 2.94% |
| MRK | 56.27 | 59.47 | 0.48 | 6.5% | 1.1% | 3.19% |
| PEP | 119.92 | 101.71 | 0.81 | -14.5% | -0.8% | 3.18% |
| VNQ | 82.98 | 76.39 | 0.98 | -6.8% | 3.1% | 4.75% |
| RQI | 12.65 | 11.50 | 0.32 | -6.6% | 0.6% | 4.80% |
| TCO | 65.43 | 55.10 | 0.63 | -14.8% | 0.3% | 4.58% |
| SLG | 100.93 | 98.62 | 0.78 | -1.5% | 2.7% | 3.22% |
| T | 38.88 | 33.04 | 0.98 | -12.5% | -4.7% | 5.99% |
| VZ | 52.93 | 51.57 | 1.12 | -0.5% | 7.7% | 4.55% |
| CHL | 50.54 | 47.55 | - | -5.9% | 2.2% | 3.88% |
| DTEGY | 17.66 | 17.68 | - | 0.1% | 2.2% | 3.86% |
| DSU | 11.70 | 11.49 | 0.28 | 0.6% | 0.3% | 4.17% |
| HIO | 5.07 | 4.82 | 0.12 | -2.6% | 0.8% | 4.62% |
| MUB | 110.74 | 107.91 | 0.84 | -1.8% | -0.2% | 2.30% |
| PRHYX | 6.76 | 6.60 | 0.09 | -1.0% | -0.5% | 5.40% |
| NEA | 13.75 | 12.81 | 0.24 | -5.1% | -0.2% | 5.56% |
| JNK | 36.72 | 35.87 | 0.66 | -0.5% | -0.3% | 5.61% |
| VWITX | 14.13 | 13.79 | 0.12 | -1.5% | -0.4% | 2.80% |
| PHMIX | 9.09 | 8.96 | 0.13 | 0.0% | -0.4% | 2.80% |
| UTG | 30.94 | 28.37 | 0.64 | -6.2% | 1.0% | 4.20% |
| XLU | 52.65 | 51.71 | 0.42 | -1.0% | 2.8% | 3.31% |
| DUK | 84.11 | 80.50 | 0.89 | -3.2% | 3.6% | 4.37% |
| EIX | 63.24 | 65.79 | 0.54 | 4.9% | 2.6% | 3.48% |
| PFF | 38.07 | 37.10 | 0.72 | -0.7% | -0.5% | 5.62% |
| JPC | 10.34 | 9.86 | 0.26 | -2.1% | -0.1% | 4.62% |
| WFC-PL | 1,309.99 | 1,280.00 | 18.75 | -0.9% | 0.5% | 5.80% |
| TIP | 114.08 | 112.52 | 0.84 | -0.6% | 0.1% | 2.38% |
| SHY | 83.85 | 83.30 | 0.32 | -0.3% | 0.0% | 1.11% |
| TLT | 126.86 | 118.89 | 1.02 | -5.5% | 0.4% | 2.60% |
| Totals | - | - | - | -2.4% | 0.6% | 4.39% |
It had a good week as interestingly the utilities (XLU, DUK and EIX) did well.
Miscellaneous
Not a good week here, down 0.8% after a great week previously. I did sell SALT for a quick 7%. So that was not the "problem". OMER got fast tracked for OMER721, so that was good. Gold/miners continue to be strong as seen in this table:
| Miner | Start | Current | Change | 2018 Change |
| TORXF | 9.90 | 10.15 | 2.5% | 6.8% |
| SAND | 4.48 | 4.65 | 3.8% | -6.8% |
| NSU | 2.38 | 2.75 | 15.5% | 12.7% |
| KLDX | 2.41 | 2.43 | 0.8% | -6.9% |
| KL | 14.49 | 17.23 | 18.9% | 12.2% |
| GSS | 0.87 | 0.71 | -18.2% | -20.4% |
| FSM | 4.24 | 5.74 | 35.4% | 10.0% |
| EXK | 2.14 | 3.04 | 42.1% | 27.2% |
| BTG | 2.61 | 2.86 | 9.6% | -7.7% |
| EGO | 1.18 | 0.96 | -19.1% | -33.2% |
| Total | 9.1% | -0.6% |
So what were the problem stocks? NMM, HIL and MTG were all down 3% or more. NMM is really frustrating as they seem so cheap - it is more distrust of management at this time. I should have sold HIL at 5.70 (almost did). I did buy more MTG (50% increase) when they bottomed out mid week (I got in at 10.08 and they closed at 10.36... they actually dropped below $10, which is ridiculous).
Oh well, gotta run. Have a great weekend everyone. I will follow up with a tracking report later this weekend.
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