It's hard to complain about any month in which you are up almost 5% but my High Turnover Portfolio did lose to the index this month, +4.86% to +5.22%. Actually I only had three bad days, but they were really bad: between the 3rd, 15th and 26th I got beat by 3.28%! A number of stocks sank rapidly after earnings reports, especially Safeway. Last month I beat the index +6.32% to +3.40% so we're still doing well two months into this new "experiment" (the HTO represents a tweak, hopefully an improvement, to my old methodology). [more]
... a method of transferring wealth from people who think they can time the market to people who know they cannot. In this one way, at least, it brings down the proud and lifts up the humble.
For the week, my High TurnOver portfolio was down 2.03%, virtually identical with the index's loss of 2.07%. [more]
But the HTO (high turn over) portfolio was up 2.70% vs 2.22% for the index so who's to complain? I guess it didn't feel that great because my long-term portfolio had a rare losing week. [more]
Or maybe even he has changed his mind by now. I don't know. [more]
I really didn't mean to be prophetic. [more]