Jul 2016 Update

Last month the sky was falling primarily on Brexit concerns.  Just a few short weeks later, the S&P and DOW are setting all time records.  Similarly you can choose a Cleveland view of the US economy (“it’s on the cusp of a recession”) or the Philadelphia view (“Tremendous progress has been achieved”).  Sadly reality probably sits squarely in between.  Meanwhile, I’m keeping an eye on Italian banks.  For good measure, the S&P outperformed my portfolio for the first time this year – 3.56% vs 3.0%.  For the year though, I’m ahead by 11.65%.  Headlines related to my portfolio this month include:

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Pokémon Investors’ Pokédex

My past blog post was my most popular by far.  Now that’s not saying much since mine is not one that is read by the masses.  In fact, one could surmise that a little bit of my meanderings go a long way.  So thanks to all the visitors and commenters.

Since then the awareness has become more mainstream and positions being taken on all sides of this craze.  As most of my readers are aware, I prefer a slightly eclectic view of events.  As a consensus forms I tend to migrate to the next concept.  Before doing that I wanted to bring some closure to my views on this topic.

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Summer Days

Oh the joys of summer and relearning the teenage life through the eyes of my grand daughter.  An introduction to the world of Rattatas and Pinsirs as a player for Team Mystic.  Unless you’ve had your head in the sand, these are characters in the latest craze (fad) to rule the planet.  In case you’ve missed it, the newest ‘hot thing’ is none other than Pokémon Go.

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That Was A Fail!

In the vernacular of my teenage granddaughter when she finds that my strategies didn’t quite pan out as expected,  “That was a Fail, Grandad“.  I have to concur, it was a fail.  Not a large one, but a Fail nonetheless.  In a recent post, Retire Before Dad railed against DRIP plan fee increases.  While generally in agreement with his sentiments, I now have to add a caveat to his view.  Yesterday I initiated the process of opening a new DRIP account with AST.  All because of the Fail.

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Jun 2016 Update

June was a roller coaster month starting with lackluster jobs numbers and ending with Brexit.  In between was the Fed leaving rates unchanged yet again.  The sleeper story being the CCAR results being released (partial results here).  Notably, Citi received approval to increase their dividend by 220%.    Although the DOW lost 871 points over two days, it recovered at month end while the S&P was flat for the month.

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Unbundled PRI Q3

Once again while I’m waiting for my last two dividends to post to close out the quarter, an  update to the Primerica challenge is due.  Just to recap, a Primerica rep provided some advice to me a while back the gist being even if I bought no products, I might want to buy the stock since it has performed ‘pretty well’.  So I did – but got to thinking – do the pieces that are sold via the reps perform better as a standalone investment rather than packaged under the Primerica banner?  The results thus far have been mixed and as we head into the final quarter of this year long challenge, Primerica has taken the lead but the game remains a tossup.

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