End of the month with new portfolio system
On this blog I have been tracking a portfolio of selected stocks since September of 2007. I started with a 20 stock portfolio of those companies I had researched and believed had great potential for profit. As my portfolio evolved, I discovered I was interested in stocks of two distinct varieties so Starting in April 2008 I have divided the stocks I track into two separate portfolios, an Income Portfolio and a Growth Portfolio.
I have been tracking my portfolios on a quarterly basis, starting with an equal dollar amount of each stock at the beginning of each quarter. If I add a stock in the middle of a quarter, it starts with the same dollar amount. I have not tried to time any buying or selling in the portfolios.
After one month with the dual portfolios, the results have been interesting. The Income Portfolio significantly out performed the Growth Portfolio for the month. The outperformance does not include any dividends, most of which have record dates in May.
The Income Portfolio had a total stock price gain of 7.57% for the month of April. This was primarily driven by an almost 30% gain in Terra Nitrogen (TNH: 121.37 -2.79 -2.25%) and Nordic American Tanker (NAT: 35.56 -2.51 -6.59%) up over 20%. NAT was boosted by the company announcing at least a doubling of the dividend for this quarter. TNH has been riding the agricultural products boom. As of yesterday, I have dropped TNH from the Income Portfolio for reasons I have written on here and here.
The Growth Portfolio was up 1.8%, significantly under performing the major stock market averages. Hardinge Inc. (HDNG: 12.45 -0.31 -2.43%) and KHD Humboldt Wedag International Ltd. (KHD: 26.86 -1.61 -5.66%) were the stars, both up around 20%. The portfolio was pulled down by Silver Wheaton (SLW: 14.30 -0.57 -3.83%), Headwaters (HW: 10.25 -0.19 -1.82%) and VeraSun Energy (VSE: 4.21 -0.25 -5.61%), all down about 15%. SLW and HW were hit by negative earnings news and VSE is stuck in the negative ethanol news and commodity trend.
The results for April were very interesting, and I look forward to what happens from here. Someone with the Income Portfolio would be tempted to take the 8% gain and go money market for the rest of the year!
Note: of the stocks listed I have positions in KHD, HW and VSE
Filed Under Growth, Income, Renewable Energy, ValueComments
Got something to say?
-
Amazon gift card link
Subscriptions
RSS
