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Thursday, August 31, 2006

Portfolio Update: 8/31/2006

My portfolio has held up well in a sideways market. As part of my consolidation effort and prudent investing, I realized gains and closed positions in America Movil (AMX), Bema Gold (BGO), (SHORT: China Natural Resources (CHNR)), Gilead (GILD), Motorola (MOT), Nasdaq (NDAQ), New River Pharma (NRPH), Tesoro (TSO), Titanium Metals (TIE), and one option trade. Realized loss: in Walmart (WMT) and two option trades.

2005 Return: 10.5%
2006 YTD Return: 14.7%


Top Holdings 8/31/06
1. Cash 20%
2. Silver Wheaton (SLW) 14%
3. Cerner Corp (CERN) 10%
4. E-Trade (ET) 9%
5. Broadcom (BRCM) 8%
6. Corrections Corp of America (CXW) 8%
7. Chesapeake Energy (CHK) 8%
8. Altria Group (MO) 6%
9. Banco Bradesco (BBD) 6%
10. Citigroup (C) 6%
11. Other 5%

11 Comments:

Blogger Ben Evans said...

What type of option trades are you making. I believe that the best option trades right now are delta nuetral trades like spreads and iron condors.

I like your posts and think you will do very well in your investments. Good luck and keep up the good work.

9/01/2006 9:55 AM  
Blogger Big Ben said...

Mr. Evans,

I only made a few option trades. I am only permitted to buy calls from Ameritrade Izone (due to my age and years of experience). This limits any complex trades (long straddle, ...). My trades were pure speculation with some technical analysis on the underlying stock. The trades ended up hurting my overall return in 2006.

9/01/2006 11:33 AM  
Blogger Ben Evans said...

Options can be very tricky...As the stock goes up the call option sometimes goes down. Which seems paradoxical. I believe the best options to buy are at least three months out atm or itm. These move better with the stock.

I'm sorry you probably didn't want to talk about options. I just believe it is important to get the word out. I wish you much success.

Good luck

9/01/2006 3:47 PM  
Blogger Johnny said...

Just curious, for a student, how and where do you get the money to invest? When I was a student, all I could do was pretending and using Yahoo Finance to track my "pretending" portfolio. From your portfolio, you must have at least $100k in there. Did you start out with a small amount like $5k or so or you had a lot to start with?

9/02/2006 8:56 AM  
Blogger Big Ben said...

johnny,

I wish I had $100,000. I am no where close to that. I personally believe it is easier to turn $1K into $2K than $100K into $200K (even though it should be the same).

Also I am getting half off in-state tuition with low living expenses. So I have money from past work. We will just leave it at that.

9/05/2006 10:43 PM  
Blogger Mando said...

hey ben, great blog! i saw it listed on cnn money, and will start to check it out as i trade. question for you: how many trades do you make per day/wk on average? it can get quite expensive. i saw someone else in this post refer to izone, which is pretty cheap for trades. i'm doing some comparison shopping, and came across a good comparison chart - discount stock brokers. have you heard about SogoInvest? i saw some favorable press about their launch in the Wall Street Journal, and am thinking about opening an account there. any advice?

mando

9/14/2006 11:48 AM  
Blogger Big Ben said...

Mando,

Thanks for reading my blog. I generally don't make many trades. It all depends. Maybe about 1-4 trades a month. I don't know anything about SOGOInvest but I am very happy with Ameritrade Izone.

9/14/2006 12:12 PM  
Blogger HPhilosopher said...

Ben,

I to am interested in online trading. Thanks Mando for the link to the comparision page. Sogo sounds good. Ben, you seem to be comfortable with ameritrade. How much do they cost per trade? This new one seems fairly inexpensive. What do you suggest?


HPhilosopher

9/15/2006 7:37 AM  
Blogger Big Ben said...

Ameritrade Izone is $5 per trade.
I would rather trade with someone more established like Ameritrade than SOGO.

9/18/2006 8:38 PM  
Blogger Johnny said...

Ben,

Did you sell your SLW stock when it reached $12/share? I didn't. I tried to but didn't sell on time and then horribly watched it dropping back down to $8/share. That was quite an experience.

10/14/2006 5:17 PM  
Blogger chang said...

i like ur website. thanks for this comment posting...
Add

11/03/2009 12:39 AM  

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