Investment Performance August 2010 (-4.87%)

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.

August Highlights:

  • Our monthly performance was slightly worse than our benchmark (-4.87% vs -4.71%).
  • This marks 7 months in a row that our benchmark, the Vanguard Total Stock Market Index (VTI) has beat our portfolio. Not a good recent track record. Its becoming clear that we have gotten a bit off track from our index investment strategy.
  • I finally sold off our position in CMS Energy. Its a long term holding that I decided several years ago (after the energy trading scandal) that I didn't want to hold it long term. I was concerned about the management team as a result of the scandal and the long term prospects given service area is primarily Michigan. However the utility has been undervalued in my view (due to the scandal) and I have been waiting for the valuation to improve before I sold it. With the stock at around an 8 year high I think its a good time to liquidate.
  • We picked up a few more shares of Genworth to lower our cost basis, bought a very small initial position in China Fire & Safety Group, and added a small amount to our Fairfax Financial position.
  • Our recent monthly returns were: Jan 09 -4.98%, Feb -9.94%, Mar +8.45%, Apr +10.88%, May +4.65%, Jun +0.89%, Jul +9.94%, Aug +4.36%, Sept 3.15%, Oct -2.34%, Nov +5.83%, Dec +1.85%, Jan '10 -2.34%, Feb +2.25%, Mar +5.88%, Apr +2.54%, May -8.13%, June -5.64%, July 6.17%. Aug -4.87%.....

August 2010 Investment Report:

Related in Stocks:

Chairmen Letters to Shareholders (Mar 09, 2014) Its that time of year again --the close of fiscal years means an overload of annual reports including Letters to Shareholders. Two annual letters that I read each year are those from Berkshire Hathaway (Warren Buffet) and Fairfax Financial (Prem...

Investment Performance January 2014 (-2.94%) (Feb 23, 2014) January 2014 Investment Report: January Highlights: January was a bad way to start out the year, but our portfolio performed slightly better thank our benchmark (-2.94% vs -3.17%). We made our regular monthly investments in our Roth IRAs, and some...

Investment Performance December 2013 (+2.20%) (Jan 10, 2014) December 2013 Investment Report: December Highlights: December was another subpar for us as our portfolio performed poorly compared to our benchmark (+2.20% vs +2.58%). We made our regular monthly investments in our Roth IRAs, and some dividends & dividend reinvestments....

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A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
Current Net Worth: $1,938,393


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