Adroit Investor


An investor's attempt to record his investing history and attempts to learn along the way.

Updates every business day, plus occasionally on weekends.

Current holdings (updated occasionally; see recent entries for changes and value) include:


150 shares AEM
1700 shares Coeur d' Alene Mines (CDE)
700 shares Central Fund Canada (CEF)
140 shares GLG
2 shares Chico's (CHS) (by request of my wife)
600 shares Hecla Mining (HL)
800 shares NAK
855 shares Silver Standard Resources (SSRI)
170 shares NG
7 Jan '07 20 calls in Placer Dome
5 Jan '08 30 calls in Barrick Gold
4 Jan '07 15 calls in Pan American Silver
10 Jan '07 29 puts in XLF
6 Jan '08 28 calls in Materials Select Sector (XLB)
5 Jan '08 26 calls in Microsoft (MSFT)
6 Jan '08 35 puts in Clear Channel Communications (CCU)
5 Jan '08 5 calls in Sirius Satellite Radio (SIRI)
plus a small amount of cash.


Click here for my regular blog--new entries daily.

Click here for my Marketocracy "fund."

I am neither a permabull nor a permabear.

My goal: beat the S&P500 by 30 points a year. Bold? You betcha.

I tend towards GARP investing--Growth At a Reasonable Price.

Currently, I believe a lot in silver, and tend to hold silver instead of cash positions. When I have a lot of silver, it is because I am staying away from regular stocks.

I will be updating once a day when the market is open, and tracking the account on an NAV basis, so that comparisons can be made with the S&P500 and other indices.

None of what I write can be construed as advice for anyone else, though I hope it's interesting to read. It does not ever constitute a solicitation to buy or sell any security. I have no plans to warn ahead of time when I will buy or sell a security--I usually do so with limit orders anyway, and especially cannot predict sales ahead of time.

Though I try always to be an adroit investor, I am always learning more. I hope you'll join me.
   

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Friday, November 02, 2007
Up and down day

S&P500 change since start 1/17/05:  +27.4%  My NAV change since start:  +181.7%

The markets were volatile today.

Oil was up.

The jobs report was stronger than expected, at 166,000 jobs (slightly above the population growth of the country, so not fantastic, but expectations were way lower).  Frankly the jobs number is so massaged--and so changed by later updates and adjustments--that it's a wonder the number receives as much attention as it does.

Between those two things, the worries were that the economy would slow.  The market started down.  Late in the session Citigroup announced an emergency weekend board meeting, which mollified the markets, especially the routed financials.  The markets ended slightly up.  Of course, liquidity has been injected into the system, too.

Gold and silver started flat but ended higher.  My portfolio followed the commodities upward.

I'm still doing that Marketocracy faux portfolio.  It's doing quite well.  Check it out here.  Lots of similiarities to my very very real portfolio here--lots of commodities stocks.  But a broader mix of others too, since it's supposed to be more of a mutual fund, and not a sector fund either.  As of now, if the M100 (made up of a rotating mix of the best-performing faux portfolios, and turned into a REAL mutual fund) included my fund, it would be doing better than it is!  This is especially true of the long-term, as you can see by the chart.

 


Posted at 03:15 pm by brandonstarr

 

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