I haven't written in a while, but my IRA portfolio turned in a spectacular January:
Date S&P 500 Delta IRA Delta BRK A S&P 500 NAV BRK A 01/31/07 1.41% 1.07% 2.47% 2.42% 0.05% 1,438.24 24.44 110,050.00
Here are a few highlights:
- Sold Pegasus Communications for $3.25 a share.
- Bought Eupa for 35¢ a share.
- Sold Meritage Hospitality for $5.50(!) a share. (That works out to a 295.71% annualized return.)
- My Oracle call option expired. The good news is that I was not forced to sell my Oracle shares. The bad news is that Oracle lost more than 12% of its value in that time. Fortunately, I didn't want to sell anyway.
- Select Comfort gained nearly 6% for the month. I guess the shock of bad news in December wore off.
- Sally Beauty gained 9% for the month. I guess the shock of bad news in December wore off.
- Alberto-Culver gained nearly 5% for the month based, I suppose, on a 5.5¢ a share quarterly dividend.
- Oracle and Canon had poor Januaries based on being large companies with little real news.
- Berkshire Hathaway, as you can see above, ended flat.
- Earned 4.85% (annualized) on any cash I had lying around.
All of this is to say that my stock prices bounced around randomly. I'd say the going-private transactions that I've participated in show true skill since they've worked exactly as I expected. My other investments have did well in January mostly due to luck. Long term, I expect to have more good months than bad ones and make more good decisions than bad, but one month isn't a big enough sample.
February is turning out to be my best month yet. My IRA balance right now is over $5 million. That easily surpasses the half million dollars I "had" back in September. But I expect my balance will return to earth shortly when my Eupa are cashed in.
No comments:
Post a Comment