Investment Performance August 2009 (+4.36%)
This is an ongoing monthly update on how our equity investments are performing. Please see this background on the investment tool I developed and how I am using it to track our 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.
August Highlights:
- We faired well in August as we again beat our benchmark (although not significantly).
- Im feeling more confident in my investing prowess with my investment in Fairfax Financial. However these days my guess is its hard to pick a bad stock since the general market is up significantly since March.
- As I stated in May I feel that I have been hesitant to throw a lot of additional capital into my investments since the market has seen strong gains since March. That said I did make a few investments with fresh capital this month.
- I added $500 to my GE holdings and started positions in Genworth and Markel.
- My monthly returns for 2009: Jan -4.98%, Feb -9.94%, Mar +8.45%, Apr +10.88%, May +4.65%, Jun +0.89%, Jul +9.94%, Aug +4.36%.....
August 2009 Investment Report:
Comments (1)
Why not sell some of the positions with significant losses for tax reasons? For example PFE or WFC? Or are these in retirement accounts?
Posted by York | September 22, 2009 8:13 PM