Frankly, I wish I had better news to report, but after a very strong 2012, my portfolio has trailed the S&P in 2013. So what's going on here? Well, for one I've had a large % of my portfolio in cash, which has obviously been an anchor on performance. I also haven't had any real winners this year. Instead, my holdings seem to be just floating along. Oh well, my returns have always been lumpy, so I'm not going to get too worked up...
Anyway, here's the summary:
- I came into the year with $213,090 and ended the quarter with $230,183. I didn't deposit or withdraw any money, so this increase is straight appreciation.
- My portfolio has increased about 8.0% YTD (16.8% IRR), whereas the Hypothetical S&P has increased about 13.7% (29.7% IRR).
As always, see below for the following exhibits: 7+ year performance summary, waterfall graph, holdings summary, and quarter-to-quarter bridge (values as-of 6/30/2013, click to enlarge).
So what's next? Well, I'm still worried the market is a little too frothy and I'm not finding many new bargains, so for now my plan is to just sit tight. Of course if anything changes I'll let you know!
Questions? Comments? Email mevsemt@gmail.com
So what's next? Well, I'm still worried the market is a little too frothy and I'm not finding many new bargains, so for now my plan is to just sit tight. Of course if anything changes I'll let you know!
Questions? Comments? Email mevsemt@gmail.com
