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Don't slave over it -- or agonize
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I haven't touched my Round One portfolio (or even looked at it) since the last day of the competition in December. Today, it's valued at $1,182,885 and still compliant with all the SLO rules. That would make it second place in the current competition, were it active. I point this out because I believe a lot of people put way too much effort into investing. And lots of other people feel investing is so complicated and difficult that they can't possibly do it themselves. As a result, they either pay huge fees to professionals (who rarely serve their interests) or put their money in CDs, bonds and money market funds that barely (or rarely) keep pace with the rate of inflation. I'm not a stock picker. I am responsible for investing the funds of three generations of my family which makes me careful. And I use a system that has served me and my family well, and is proving itself in the SLO competition:
In my next post I'll tell you what my portfolio is invested in and the minimal rebalancing I did to it after 5 months of total neglect. | ||
Comments (4)
I'm glad that you're posting again even if you didn't enter the current competition. I always find your ideas and outlook useful.
Posted by toroandbruin | May 30, 2008 1:02 PM
Eileen,
Long time, no see.
I would like to echo your remarks about ' over-playing' and / or ' over-following ' the market [ and all of it's shams & scams ].
Two of the Top 3 SLO-2 portfolios at present have practiced a form of " benign " neglect.
Robert Kingsbury ( aka Majickniner ) actually retired from SLO after SLO-1. His untouched shipping sector fund has risen to #3.
Duffbeer " criminally" neglected his SLO-Port
and it's NAV declined to 7.50 during the January " mimi-crash " at which level the SLO-2 starting point was established. He didn't pay any attention until a Li'l Birdie ( who's name cannot be spoken ) told him he was in the Top 10 just by getting back to "PAR". He's at Numero UNO now. I hope he has the good sense not to diddle or doodle too much now,because he would probably go down in Flames like the CUBS in July. He's a BUD Man & a CUBS Fan.
Poor Soul. I pity the Fool, Mr. T !!!
The idea is always the same. Pick a diversified portfolio of solid stocks with more behind them than a Shill Story and GainSay promises then just let it ride through all the viscisitudes.
SLO-2 has been another lesson in Mindless Rotation and " Style-drift". There ain't nothin' new under the SUN. Not So, Solomon ?
I let my SLO-1 Port drift down in JAN and stopped the slide by going to cash at a NAV of 10.00 ( actually 10.04 at the start of SLO-2 ) to re-establish a "par" base again. I don't compete or Blog anymore but my NAV on May 31, 2008 is 11.99
So, I'm nominally up there,too
Current Return Top 10 Stocks :
TS, GMT, CNX, DRYS, MXWL, WAB, CMP, CVX, CSX, HXL.
I made Big Bucks on CEC, but I sold out my position; otherwise it would be in Top 10 List.
Don L. Ferk ( aka VikingWarrior )
Song O'da Day
Up, Up and Away - The 5th Dimension
http://youtube.com/watch?v=90Bxb3oYzHY
http://youtube.com/watch?v=90Bxb3oYzHY
Posted by don ferk | May 31, 2008 6:24 PM
It's good to see you posting again. Looking forward to the follow up.
And some picks from the Warrior to round it out!
Posted by Russell Krull | June 1, 2008 10:49 PM
Hi Eileen,
welcome back!
It appears that "buy and hold by the book" little change strategy works in favor of investor producing some good portfolio performance over the time. It's about building of psychological capital too. I won't be posting regularly here, but I'll read every single post all the way through. Btw- I see, David(Duffbeer) flying sky high; "almost in heaven"
Congrats!
Posted by astuk | June 2, 2008 5:44 AM