Friday, July 13, 2018
Morning Matters Portfolio Update
For 2018, the S&P 500 is higher by 4.66% for 2018. For July it is up 2.94%. So far this year the Morning Matters Portfolio is higher by 3.61% from 2.39% last Friday. Given that we are 67% invested we should be up 3.12% so we are outperforming relative to our percentage invested. The Russell 2000 is higher for the year by 10.08%. The Nasdaq Composite is now above 7800 since our last update. The Dow is above 24500 since our last update. February and March were VERY volatile months and April continued that trend. May calmed down as did June and now July.
The portfolio is now 67% invested long, 0% short and 33% in cash, net long 67%. For 2017, the value of the portfolio was 970.84%. So far in 2018, the portfolio value is now 1007.24% since last week.
Since 2008 when we began this portfolio, we have had two losing years 2011 and 2016 which was filled with lots of geopolitical issues similar to 2011. There have been 9 winning years.
We expect another such run will happen. The portfolio is now into mid July and hanging tough.
VISA INC (V)
by Superstock Investor
And Then There Was One
When I moved to Dallas in 1986 after graduating from college, I began to see the rise of Blockbuster. It was a killer business model. Now some thirty years later it is down to one store.
This is a valuable lesson. Any company can see its product lose appeal as technology leaves it behind.
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