Gaffer's Portfolio
March 31,
2010
I have to admit it's a puzzle to me. We have the U.S
Administration apparently bent on having the country commit hara-kiri yet the market ignores warnings of
national bankruptcy. The market ignores AT&T's reported $1 billion loss as a result of health care related
tax changes and billions more dollars across the system from companies including Caterpillar, Verizon and
others.
If the portfolio was run as most are, without a definite plan, I
would be worried…but then it is said that bull markets climb a wall of worry.
From where I sit, completely independent of American politics
(except no one in the world truly is), the amount of debt being wracked up appears insane. Redistribution of
wealth seems like a recipe to make everyone broke instead of just a
few.
As far as stocks are concerned, and I've mentioned this before,
I believe they are rising in anticipation of the devaluing of the dollar – whether accidentally or on purpose.
What other explanation can there be?
Sure, the economy seems to be digging itself out of the mud but
it's still got very muddy shoes.
As far as the portfolio is concerned, as long as it continues to
outperform the major indexes it is doing its job.
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| Company |
Original purchase price Dec. 31 2008 |
Recent price |
Number of shs held |
Recent value |
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| Caterpillar, Inc. (CAT) |
$44.67 |
62.85 |
27.3218 |
1,717.18 |
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| Diana Shipping, Inc. (DSX) |
$12.76 |
15.12 |
106.7630 |
1,614.26 |
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| Freeport-McMoRan Copper & Gold, Inc. (FCX) |
$24.44 |
83.54 |
19.2982 |
1,612.17 |
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| Goldman Sachs Group, Inc. (GS) |
$84.39 |
170.63 |
9.1840 |
1,567.07 |
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| The Home Depot, Inc. (HD) |
$23.02 |
32.35 |
53.7922 |
1,740.18 |
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| Intel Corp (INTC) |
$14.66 |
22.29 |
75.7776 |
1,689.08 |
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| Johnson & Johnson (JNJ) |
$59.83 |
65.20 |
24.1954 |
1,577.54 |
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| Korea Electric Power (KEP) |
$11.61 |
16.24 |
106.2409 |
1,725.35 |
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| Kraft Foods, Inc. (KFT) |
$26.85 |
30.24 |
56.8341 |
1,718.66 |
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| Nike, Inc. (NKE) |
$51.00 |
73.50 |
23.3806 |
1,526.77 |
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| PepsiCo, Inc. (PEP) |
$54.77 |
66.16 |
25.5854 |
1,692.73 |
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| Potash Corp./Saskatchewan (USA) (POT) |
$73.22 |
119.35 |
14.2393 |
1,699.46 |
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| Schlumberger Limited (ADR) (SLB) |
$42.33 |
63.46 |
23.7715 |
1,508.54 |
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| Suntech Power Holdings Co., Ltd. (ADR) (STP) |
$11.70 |
14.02 |
93.2351 |
1,307.16 |
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| Toyota Motor Corp (ADR) (TM) |
$65.44 |
80.42 |
18.3899 |
1,478.92 |
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| Transocean, Inc. (RIG) |
$47.25 |
86.38 |
18.6709 |
1,612.79 |
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| Ultra Petroleum Corp. (UPL) |
$34.51 |
46.63 |
31.0502 |
1,447.87 |
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| Union Pacific Corp (UNP) |
$47.80 |
73.30 |
24.1660 |
1,771.37 |
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| Verizon Communications, Inc. (VZ) |
$33.90 |
31.02 |
47.5148 |
1,473.91 |
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| Vulcan Materials Company (VMC) |
$69.58 |
47.24 |
29.5655 |
1,396.67 |
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| Wal-Mart Stores, Inc. (WMT) |
$56.06 |
55.60 |
28.9244 |
1,608.20 |
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Total: |
33,485.87 |
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| S&P 500 Index up 29.47% since inception |
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| Portfolio up 44.46% since inception |
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| Gaffer's portfolio annualized rate of return on investment
28.00% |
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| Begun December 31, 2008, with $21,000. Adding |
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| $210 each month end and reinvesting dividends if any. |
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| Similar results cannot be guaranteed for you. All investment carries some
risk. |
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| Annual results |
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S&P 500 Index Dec. 31 |
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Gaffer (annualized) since inception |
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| Dec. 31 '08 |
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903.25 |
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28.00% |
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| Dec. 31 '09 |
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1115.10 |
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S&P500 index |
1 month portfolio change |
Monthly S&P 500
change. |
Annual S&P 500 change (simple) |
Portfolio value $21,000, Dec. 31, 2008 |
| 1/29/2010 |
1,073.87 |
-5.20% |
-3.69% |
-3.69% |
30,394.55 |
| 2/26/2010 |
1,104.49 |
3.03% |
2.85% |
-0.96% |
31,316.59 |
| 3/31/2010 |
1,169.43 |
6.93% |
5.88% |
4.87% |
33,485.87 |
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