RSP Weekly Returns Update
Gotta say, golf in Georgia in December...money. Beautiful weather for sure. But I'm also glad to be back and I never really stop thinking about stocks. That stuff runs through my mind even on the golf course!
So as of market close on December 8, 2011 the Motley portfolio has returned 12.51% versus the market's 5.81% which means my edge over the market is 6.7 points and down ever-so slightly from last week. But it continues to beat the market and that's a streak I'm proud of.
I've been so busy working on the review issue for Stock Advisor that I've not had much chance to look for new ideas lately. That said, I do have a list of a few companies I want to add to the portfolio and I may just do that this month, price be darned! That's where adding in halfs or even thirds comes into play. And now that I know the money will continue to roll in for the portfolio every month, I am going to need to build up some positions as I won't go over 20 stocks in the portfolio. More than 20 becomes difficult to effectively manage, and truthfully it's about as diversified as I prefer to be. I don't even own 20 stocks in my own personal portfolio. The other point is to try to maintain about a 10% cash standing in order to take advantage of anything that may come up.
I had another fun week with some Market Foolery stuff. You can always find those here:
I also grabbed another spot on the John Phillips Show last night out in LA. That's the interesting thing that's being kicked around I mentioned a few weeks ago. They brought up the possibility of a nightly spot which seems like it would be pretty cool. It's not always just stocks either. We get into macro things and dabble in some other newsworthy events. It's always a lot of fun, so I hope it works out. They're in the process of examining a potential new time slot, so we'll probably talk more about the nightly thing at the beginning of the new year. But I still get on there once a week or so now which is fun. It's great practice too and they're really nice folks. And hey, it's LA man.
That's about it on my side of the world right now. I'll keep on keeping on and hope you all do the same. It's time for holiday parties, so please make sure to stay safe out there. No shame in calling a cab ;)