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It has been over 19 years since I stopped writing my blog at stockcoach.blogspot.com.
The portfolio has done reasonably well since then. As of today, the portfolio index, which is calculated net of any cash deposits and withdrawals, stands at 30,612, up from an initial value of Since I last posted in February 2007, the portfolio index is up 17.8x. For comparison, the S&P 500 is up 5.1x over this period, while the Russell 2000, probably the best benchmark for my portfolio, is up 3.5x.
With the exception of a few short months in late 2008/early 2009 and February 2020, I never used margin debt. On the contrary, I have generally maintained very large cash positions.
My portfolio is spread across several brokerage accounts, many of which contain cash, bonds, and global ETFs in addition to individual stocks. The individual stocks have done better than the bonds or the ETFs.
My IB account, which I use more for trading than the other accounts, is up 1,744% since 2010. That is about 20% annualized. I estimate that the individual stocks returned around 25% to 30%. To my detriment as a deep value investor, I never owned much tech.
Why did I restart the blog? Partly because I enjoyed writing it, partly because I want to help other investors, and partly because I missed the discipline it provided.
I will admit that I haven’t really devoted much time to stock screening over the past 19 years. Maybe one hour per week. I have a lot of great resources at my disposal now, including BCA’s Equity Analyzer platform, so I plan to take more advantage of them.
The portfolio has done reasonably well since then. As of today, the portfolio index, which is calculated net of any cash deposits and withdrawals, stands at 30,612, up from an initial value of Since I last posted in February 2007, the portfolio index is up 17.8x. For comparison, the S&P 500 is up 5.1x over this period, while the Russell 2000, probably the best benchmark for my portfolio, is up 3.5x.
With the exception of a few short months in late 2008/early 2009 and February 2020, I never used margin debt. On the contrary, I have generally maintained very large cash positions.
My portfolio is spread across several brokerage accounts, many of which contain cash, bonds, and global ETFs in addition to individual stocks. The individual stocks have done better than the bonds or the ETFs.
My IB account, which I use more for trading than the other accounts, is up 1,744% since 2010. That is about 20% annualized. I estimate that the individual stocks returned around 25% to 30%. To my detriment as a deep value investor, I never owned much tech.
Why did I restart the blog? Partly because I enjoyed writing it, partly because I want to help other investors, and partly because I missed the discipline it provided.
I will admit that I haven’t really devoted much time to stock screening over the past 19 years. Maybe one hour per week. I have a lot of great resources at my disposal now, including BCA’s Equity Analyzer platform, so I plan to take more advantage of them.
16
36
1,211
753,798
Bought some #PAL. Stock seems oversold and I like the insider buying there.
1
1
9
1,981
One of my small caps, #GIGM, out with some interesting news about its robotics investment this morning. I’m still deeply underwater on this stock, however.
0
0
2
1,604
Lots of stocks in my portfolio are down after disappointing earnings over the past two days (XRX, DXC, INTC). Ouch!
1
0
7
2,000
#ULBI acquired at $16 per share. Very large premium over closing price. I have asked my analyst, ChatGPT, for some other small cap names that are in the same space.
1
0
1
2,360
Trimming SM, one of my oil longs. I get that there is high probability that the US will strike Iran after the midterms, but with oil flowing at pre-war levels through the Strait, a lot of the risk is already priced in.
0
0
10
10,771
I picked up some PACB a couple of weeks after I published my World War E report. So far so good. Cathy Wood is a big holder (not sure if that is a good thing!).
1
0
7
3,641
Bought some shares in Volkswagen. It's trading at less than 4-times 2027 earnings.
Yeah, I know, value trap.
Or maybe not. There is a reason I have outperformed the S&P 500 by 15% per year for 25 years.
Yeah, I know, value trap.
Or maybe not. There is a reason I have outperformed the S&P 500 by 15% per year for 25 years.
11
1
72
17,993
