Weekly Returns Update: It's A New Year
Happy New Year!
OK, maybe that's a little past us. But still, it is a new year and time to turn the page to a new investing life so to speak. You can take all your flubs and misses, put them behind you and start fresh. So let's do just that, shall we?
Sorry I missed getting an update in last week. I was a bit busy prepping for the North American International Auto Show in Detroit. So between writing and flying it was kind of non-stop for a few days. But let's see where the portfolio stands at this point in the game.
As of market close on January 12, 2012 the Motley portfolio has returned 16.1% versus the market's 11.25% which means my edge over the market shrank a bit to 4.85 points from 4.96 points at last update. On the one hand my edge over the market shrank (booo), but on the other I don't think that absolute returns of 16.1% are necessarily anything to be disappointed in (yay), so I'm happy with the portfolio's performance to date. It's now well over a year old and I am moving right along with the strategy I laid out at the beginning. It works for me, it's how I view investing and I intend to stick with it.
I will be coming out with another pick hopefully soon. I am kicking around adding to a position, so we'll see if that's the road I take this month or if something else comes up. Either way I am coming up on about as many companies as I want in the portfolio at any one time, so I'm going to start getting picky.
We are getting ready to really dig into earnings season so that will be keeping me busy primarily with my Stock Advisor responsibilities. But I will make time to offer the coverage these companies deserve as well. I will be picking up with my review here shortly as time allows, so look out for that as well.
I hope everyone had a happy and safe holiday season. It's time to dig in now and get back to work, so let's make some money people!