Monday, March 3, 2008

Portfolio Update as of Feb 28, 2008

-no change from last month
-up 0% in 2008
-CDN 66.2%
-U.S. 30.4%
-International 3.4%

TRP - 4.46%
CSH.UN - 4.19%
GWO - 4.31%
PFE - 4.72%
POW - 3.76%
WAG - 3.30%
L - 2.39%
UNS - 2.27%
GZ - 2.50%
TD - 12.74%
EIT.UN - 2.65%
JNJ - 5.31%
MMM - 3.41%
C - 3.39%
ATD.B - 3.05%
BCE - 5.31%
IIC - 2.80%
O'Shaughnessy’s Global Fund - 3.38%
American Growth Fund - 0.84%
CDN Value Fund - 2.96%
Small Cap Growth Fund - 4.02%
Chou Associates Fund - 9.48%
Money Market Fund - 8.78%

The only change in my portfolio over the last month was that I added a quarter position to my Citibank holding.

30 comments:

  1. Hi,
    You've posted all your precentages of individual holdings, but how do we know how close you are to your 1 million goal? Is that something you are willing to disclose? Just curious. We'll be cheering right along with you.

    ReplyDelete
  2. MCM, What % are you actually down YTD when you exlude inflows?

    Don't tell me you are flat for Jan. and Feb....I'm down like 8% I think

    ReplyDelete
  3. MG,

    YTD excluding contributions (but including dividends and distributions) I'm down roughly between 3% and 4%. Most of my holdings are close to their January valuations. I would be down more but IIC has increased 18% since my purchase in January (too bad I only bought a small amount).

    ReplyDelete
  4. Dude, stay away from financials (Citi et all) for now. They are heading down down down. Citi hit 1998 low today and yes, it's not over yet!

    Again, until the MBAC and MBIA story is resolved, there's a huge risk out there that Citi and a couple dozen other huge banks will have further huge write downs.

    The only bright spot on Financials at this time are Master Card and the upcoming Visa IPO.

    ReplyDelete
  5. I picked up some C in Feb and I've lost a little since then. But, I plan to pick up more.

    anon, isn't that 1998 number more bullish than bearish at this point? Who here thinks Citi is going to collapse?

    I see them back at 40 in about 2 years.

    ReplyDelete
  6. No that 1998 number is not more bullish than bearish. Did you miss the "it's not over yet" part?

    You guys are missing the broader perspective of whats going on with these banks as a whole.

    Come Mid April, Citi may need to write down at least another 3 billion... that's if the 2 key bond insurers dont lose their AAA/AA ratings in the mean time.

    Read This: http://emac.blogs.foxbusiness.com/2008/03/03/there-will-be-bonds/
    (skip to the "OK here’s the back story." part)

    Watch this... http://www.youtube.com/watch?v=wvI3xZK34Tg

    Compounding to this, the US fed will soon likely cut interest rates down to 2%... how much lower can he go after that without inflation exploding in the US?
    ARMs will continue to reset into 2009... it's not over people.

    When you see an end in sight, then consider buying Citi. Until then, you'll be seeing new lower lows every week.

    ReplyDelete
  7. Anon,

    I agree that Citi probably isn’t done falling yet but I think longer term it will be a winner. I don’t think I’m smart enough to pick the absolute bottom so I am going to build a position over time. My planned holding period for this stock is going to be forever.

    ReplyDelete
  8. Ok, I guess on a forever hold you might be fine, although that is obviously untrue from a philosophical perspective:
    1. You don't live forever
    2. If you hold it forever, it defeats the purpose of investing, which is to take profits (eventually) ;-)

    I think there is some reason for concern when the Saudi's ran out of money to continue the bail out, and their cash injection portion only accounted for less than 5% of the company's worth.

    Who has more liquidity than the Saudi's other than perhaps Buffett, B. Gates and a handful of other billionaires?

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