March Investment Performance (-1.85%)
This is the first of hopefully an ongoing monthly update on how my equity investments are performing. Please see this background on the investment tool I developed and how I am using it to track my performance against a benchmark to measure our progress or lack thereof.
Its still a work in progress, any feedback is appreciated and may be incorporated into future monthly reports. The only equity investments not covered are:
1) my 401k which is invested in institutional index funds through my employer that I haven't found a tracking symbol for.
2) investments roughly worth less than $500, simply because I don't have the time and energy to keep up with them. I am thinking I will sell these off at some point and add the proceeds to my current investment portfolio because they are too much work to track.
- Invested $650 into the Vanguard Total Stock Market Index (VTI). This is part of my effort to focus more attention on low cost index investments until I can prove our active investment strategy is making sense.
- We increased our position in Wachovia (WB) which has continued to decline. Given our long term investment horizon I still think we have a good long term financial investment although I have been second guessing ourselves that we should have be investing in a financial index (such as KBE) instead of one company that has been especially volatile the past couple months. Now that the capital ratios have been addressed, I am expecting the investment to be less volatile going forward.
- Remaining investments have be part of our ongoing monthly investments - Pfizer DRIP ($50), IBM ESPP (payroll deductions), and Roth IRA ($1050) contributions for my wife and I. Pretty self-explanatory.
- -IBM has continued to perform well. I have gotten in the habit of selling some of our IBM investment each year during the summer since we have monthly investment contributions through my ESPP so that we don't become super-overweight in IBM. I'll be looking to sell off another block hopefully around July.
- Johnson & Johnson, Chevron, ConoccoPhilips, ExxonMobil, Anheuser Busch, Wachovia, Pfizer, and IBM all paid dividends this month. All but IBM had their dividends reinvested.
March 2008 Investment Report:
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