Weekly Returns Update
Welp, it's Christmas week so I suspect we will have it fairly light here at HQ. I'll be in all week just because we're up here for Christmas anyway so it'll be nice and quiet to get some things done that I've been putting on the back burner. Namely screening for some new ideas. Always looking for new ideas.
So as of market close on December 15, 2011 the Motley portfolio has returned 9.86% versus the market's 4.3% which means my edge over the market shrank a bit to 5.56 points. It was a pretty brutal week to say the least and a couple of companies that have been soaring came back to earth. Joy Global is the one that sticks out in my mind as they announced earnings last week. The stock got hammered, but there's nothing to worry about. You can check out my take here if you missed it before:
Seems like 2011 is wrapping up with a whimper instead of a bang. That's OK though, in the end it doesn't matter as long as the underlying businesses are sound. Stock prices go up and down, that's nothing new. And there's a lot of "cleaning house" going on this time of year as funds get rid of the garbage and trim back to prep for the new year. So from that perspective this can be seen as a pretty great time to buy, wouldn't you think? Well, I think it most certainly is.
To that end, I will give you a heads-up and let you know that I have a portfolio buy coming out later today. Is it a new company? Or is it one that I already have in the portfolio? I'm afraid you're going to have to wait and see for the answer to that. But I'll post it up here and Tweet it out on @TMFJMo as soon as it hits the wire. Until then, keep investing.