Re: My year
- From: "karl" <kona-karl@xxxxxxxxxxx>
- Date: Sat, 31 Dec 2005 11:07:42 -0500
"Michael Balarama" <mbalar@xxxxxxxxxxxxx> wrote in message
news:Wixtf.7692$oW.1691@xxxxxxxxxxxxxxxxxxxxxxxxxxxxx
>
> "Jerry" <NoSpam@???.??.com> wrote in message
> news:cWwtf.8996$Pi.438@xxxxxxxxxxxxxxxxxxxxxxxxx
>> My Q4 was pretty much a disaster primarily due to losses in the energy
>> sector during Oct. and early Nov. I moved quite a bit out of the sector
>> into Foreign and cash, but the timing was surely not the best. For the
>> year my portfolio gain was 20%; the equity portion gained 25%.
>> My current equity sector allocation is energy 42%, health care
>> 21%, foreign 24%, Brokerage 2%, and other 11%. Looking
>> forward, I remain bullish on energy, but plan on gradually moving
>> some into other sectors in order to provide better
>> diversification.
>>
>> Happy New Year to All - Hope all have a profitable New Year,
>
> My year was bad also-all my stocks
> Dell, exxon,pfizer,time warner held ever- small loses-but my emerging
> markets fund did well.
I wouldn't call a 20% gain a bad year when the US indices were flat on the
year.
I managed and overall gain of 26%.
Throughout the year I reduced my best performer - up 49% on the year -
direct energy sector funds weighting from 15% to less than 2% today, selling
to lock in gains. I missed some upside doing this but also most of that q4
downside. The 2% still remaining is entirely the house's money.
My indirect energy exposure consisted of TSX based funds. The TSX is about
28% weighted in the energy sector. The index and my funds were up 22% on the
year. I sold these off as well over the year so that it is entirely profits.
I went from a 45% weighting to 35% by years end.
My foreign exposure [to me US is foreign exposure] in funds was 3% in each
of a Euro and an Index International fund. The Euro was up 6% and the
International up 20% mainly on forex gains. My US foreign funds were flat. A
1% weighting in a tech fund and 3% weighting in a US Index fund. They were
pretty much flat - the tech up 2% and US index up 4%.
My direct equities:
My crown jewel: Aur Resources.
Up 64% from when I bought in March. The stock is up 84% on the year. This
is in C$ so if you added in the C$ appreciation against the US$ it would be
a somewhat better performance. C$ was up over 3% against the US$ this year.
The run up means that it is now over 5% of my portfolio. Going to have to
sell some or all in 2006.
Other good performers. A trio of Income funds - Canadian food service
[PZA.UN], transportation [TMA.UN], and grocery [JAM.UN]. Two purchased only
recently so they have only gained an average of 5% mainly on the bump from
the finance minister's positive announcement. A third bought in the summer
is up 13%. Bought and sold Enerchem [ECH-tsx] for a 28% gains.
Flat:
Nortel[NT] Brick[BRB-tsx] ranged from modest gains to modest losses.
Pfizer [PFE] was giving me a world of hurt but has rebounded on recent good
news to a slight gain.
Losses:
I took a small [-3%] loss holding AIG for a short period trying to catch a
falling knife.
My biggest boner:
Cott [BCB-tsx, COT-ny] I had a chance at one point to sell at a small gain
but held it for some bad news and is now down 35% from my buy price.
.
- References:
- My year
- From: Jerry
- Re: My year
- From: Michael Balarama
- My year
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