Patrick's Rants


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9/4/2013

Portfolio Review

Filed under: Money,Stocks — site admin @ 7:12 am

My active account has taken quite the beating this year, pretty well wiping out all of my gains since I opened it. It is a dinky little account, though so no harm no foul, it could just be worth a bit lot more. The dividend stocks that I hold continue to pay out their dividends and I patiently wait for recovery of HMY and EGY

On a much more positive note, my wife’s passively(semi-actively?) managed account is doing just fine. We look at the Prime Interest Rate to decide which ETF or Mutual Fund is the “right” one for right now, move the primary investment as the Fed makes adjustments that move the Prime Rate, dollar cost average into the funds as deposits are made into the account. I may add options – covered calls and cash secured puts – but no single position has round lots so there will have to be some rebalancing or continued growth of holdings before I can add that extra boost to the growth of her account.

In the overall scheme of things, my active account is only a small part of my expected total retirement funds so for it to be beat up down and sideways – while a bit ego bruising – is not currently a major concern. I do, however, have to prove to myself that I’m capable of taking the existing nest egg and making it grow over time

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