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May, 2012: 29
Disclaimer - IMPORTANT - Read this first!
| Investor's Journal is a diary focused strictly on investments and personal finance issues, primarily from a contrarian and retiree point of view. Follow along with an average guy's failures and successes as he learns, by trial and error, the fine art of value investing. |
5/29/12-Regular readers of this journal will be aware I have been remiss in getting entries posted in the past few weeks. The reason is that I have been out of town for a few to several days at a time on three occasions in May, most recently helping to look after my mom who had been having medical difficulties. The disruption of my usual agenda has put me behind in looking after priority matters. The present entry, in fact, is postdated (to keep things consistent on the site's home page links) and represents but a quick summary of trading done this month relevant to the portfolios and strategies followed here. I hope in future to do better at keeping this account current.
On 5/9, a Selective Six Percent Plus (SSPP) portfolio asset, SSL, purchased on 9/23/11, no longer qualified as an SSPP equity since its dividend yield had now fallen somewhat below 5.6%, and so was sold for a net price gain (taking the commissions into account but not the significant dividends provided by this security in the interim) of 9.1%. Both its cost basis and net redemption stats have been included in the SSPP closed position spreadsheet. The asset has been removed from the open position records.
On 5/9 as well, further shares of the Selective Six Percent Plus (SSPP) portfolio asset, SSL, which had been purchased a few days later, on 9/30/11, were sold for a net price gain (taking into account the commissions but not the dividends provided in the interim) of 8.7%. Both its cost basis and net redemption stats have been included in the SSPP spreadsheet. These shares of the asset have also been removed from the SSPP open position records.
On 5/9 too, a new Selective Six Percent Plus (SSPP) portfolio asset, TOT, was purchased, and its cost basis info was added to the SSPP open positions spreadsheet.
5/17 also saw a new purchase, this time of COP for the B. Graham Div. with Value portfolio. Its cost basis info was appropriately recorded.
There has been no Low Price to Book Value portfolio activity since 4/30/12.
My next entry should be ready by early in the second full week of June.
Disclaimer and Disclosure Statement
Neither I nor Investor's Journal will be responsible for losses by anyone who obtained ideas from this site.
This diary is intended for personal interest and general information only. You are advised to do your own research (as well as to consult highly compensated professionals) before spending money on anything.
I know of no reason anyone should take my financial musings seriously. At best I am a dedicated amateur providing a bit of investment-related insight and entertainment, at worst an amusing diversion.
My wife, Fran, and I may at times own shares of some of the assets mentioned here. But neither of us receive any benefit from reference to them, unless you count the mutual misery when we get it wrong, or the opportunity to gloat when we get it right.