PORTFOLIO MONTHEND REPORT
I’m reporting this a little late because I was waiting for Standard and Poors to update their online total return numbers for November, and that happened today.
In Canadian dollars, the portfolio lost 3.0% in November in absolute value, although at its lowest it was down 9%. The 6% recovery reflects the powerful 5-days-in-a-row rally that ended the month.
Relative to the S&P500 total-return benchmark, REAP lost .2% of its lead, but is still ahead by 11.5% in 2008, in Canadian dollars. Over the past 3 months, much of REAP’s compounding gains have been cancelled out by the drop in the Canadian dollar; it’s still only slightly ahead since the market really started getting hammered at the beginning of September.
Here are the month-end stats.
| PORTFOLIO SUMMARY | 30-Nov-08 | ||||
| (in $C, adjusted for $US exchange rates) | |||||
| PORTFOLIO | S&P500 | S&P500 | SP500 $C | REAP | vs S&P |
| Tot Retrn | |||||
| Reference Date | Start | Last | % | % | Var. |
| Inception MAR 07 | 1406.2 | 896.2 | -27.2% | -27.2% | 0.0% |
| Re-start OCT 07 | 1526.7 | 896.2 | -19.2% | -14.9% | 4.3% |
| 2008 Year to Date | 1468.4 | 896.2 | -16.9% | -5.4% | 11.5% |
| Discretionary Trading P&L (included in above results) | -5.6% | ||||
| Canadian dollar | Last | Inceptn | Var. | Restart | Var. |
| 0.8065 | 0.8547 | 5.6% | 1.0069 | 19.9% | |
| Dividend Yield (current) | 4.27% | ||||
| Intrinsic leverage (from 2x ETFs) | x | 1.31 | |||
| Currency Mix | 100.0% | ||||
| Canadian Investments/Cash | 54.5% | ||||
| US Investments | 36.2% | ||||
| Other (country ETFs) | 9.3% | ||||
| Market Bias | Net Long | 76.9% | |||
| Cash | 2.4% | ||||
| Short | 10.4% | ||||
| Long | 87.2% | ||||
| Theme Mix | 100.0% | ||||
| Commodity ETFs | 17.8% | ||||
| Short Commodity ETFs | 5.3% | ||||
| Short Equity ETFs | 5.1% | ||||
| Energy | 3.1% | ||||
| Agriculture | 8.1% | ||||
| Alt Energy/Infrastructure | 12.1% | ||||
| Financials | 14.7% | ||||
| Health Care | 3.5% | ||||
| Technology | 10.3% | ||||
| Transportation | 3.4% | ||||
| Restaurants | 0.0% | ||||
| Country ETF | 9.3% | ||||
| US Closed-end Funds | 5.0% | ||||
| Cash | 2.4% | ||||
| Portfolio Notes | |||||
| Inception date is when I started tracking portfolio performance in | |||||
| this blog. I track it to reflect total performance after initial mistakes | |||||
| and discretionary trading losses. A more accurate representation | |||||
| of REAP’s “pure” performance is as of 10 Oct 07, when I | |||||
| re-established it after selling out the portfolio twice due to | |||||
| sub-prime systemic concerns. | |||||
| *** S&P Comparison is total return to reflect dividend re-investment | |||||
| REAP GROUPS | |||||
| Stock | Sym | Last | Gain % | Weight | Yld |
| Group #1 | |||||
| HBP DJIA Ag Bull+ ETF | HAU | $5.08 | -31.94% | 2.6% | 0.00% |
| Global Agri-Bus Trust | ABG.UN | $3.74 | -7.20% | 4.2% | 12.41% |
| HBP CrOil Bull+ ETF | HOU | $5.07 | -44.68% | 5.2% | 0.00% |
| HBP SP500 Bear+ ETF | HSD | $33.65 | -4.24% | 3.1% | 0.00% |
| Intel Corp | INTC | $13.80 | -6.83% | 3.1% | 3.78% |
| Sun Hydraulics | SNHY | $15.22 | 12.93% | 2.5% | 2.67% |
| PrSh Ultra Financ’l | UYG | $6.30 | -7.46% | 2.9% | 5.76% |
| Zweig Fund Inc | ZF | $2.55 | -11.81% | 2.5% | 16.04% |
| Group #2 | |||||
| Arc Energy Inc Tr | AET.UN | $20.10 | 14.67% | 3.1% | 16.43% |
| HBP GoldSh Bear+ ETF | HGD | $3.80 | -39.07% | 5.3% | 0.00% |
| HBP NASDAQ Bear+ ETF | HQD | $42.00 | 20.27% | 2.0% | 0.00% |
| ISh Australia ETF | EWA | $13.66 | -3.67% | 5.0% | 9.01% |
| Forest Labs | FRX | $24.18 | -14.51% | 2.5% | 0.00% |
| Gen & Wyom | GWR | $30.38 | 12.75% | 3.4% | 0.00% |
| Nvidia | NVDA | $7.47 | -12.37% | 2.1% | 0.00% |
| Group #3 | |||||
| HBP Gold Bull+ ETF | HBU | $14.36 | 6.31% | 1.4% | 0.00% |
| Potash Corp Sask | POT | $80.20 | -16.14% | 3.9% | 0.42% |
| Nthld Pwr Inc Fund | NPI.UN | $10.56 | -4.60% | 5.3% | 9.76% |
| CME Group | CME | $211.95 | -17.20% | 4.7% | 7.82% |
| Cree Inc | CREE | $15.88 | -19.66% | 1.0% | 0.00% |
| Formfactor | FORM | $13.53 | 0.02% | 2.2% | 0.00% |
| Zweig Tot Ret Inc | ZTR | $3.07 | -9.32% | 2.5% | 12.76% |
| Group #4 | |||||
| HBP GoldSh Bull+ ETF | HGU | $9.44 | 26.92% | 2.4% | 0.00% |
| HBP NGas Bull+ ETF | HNU | $6.90 | -34.20% | 6.1% | 0.00% |
| IGM Financial | IGM | $33.00 | 2.10% | 7.1% | 6.34% |
| FTSE/Xinhua China ETF | FXI | $26.59 | -13.08% | 4.3% | 3.64% |
| Nokia | NOK | $14.17 | -14.37% | 2.6% | 4.71% |
| Eli Lilly | LLY | $34.15 | 4.21% | 0.9% | 5.73% |
| Claym Gl Solar ETF | TAN | $8.05 | -7.20% | 3.3% | 0.00% |
| Nortel Networks | NT | $0.69 | -53.83% | 0.2% | 0.00% |
December didn’t start out any better. The S&P500 puked its lungs out today with an 80 point, 9% loss. I haven’t done the end of day update yet (because I’m doing this month-end instead) but I’m sure it’s going to be ugly. At the end of October, the portfolio was net long only 43%. Now it’s net-long 77%, so I’m taking much bigger hits on days like this. You see I had this theory that the execution-style selling was overdone and that the market might actually rally for a few months … (awkward silence)
I was too busy to check if there were any REAP signals late this afternoon when the market halved again, but I’m sure there will have been one or two. This kind of day spawns them like thunderstorms spawn tornados. I’m sure I’ll be reporting some trades tomorrow, and a big bite out of my equity.
Cheers,
Allocator,
a.k.a. George Parkanyi
gparkanyi@hotmail.com <== No one writes to me anymore. I’ll even take spam.
Speaking of spam, if you want a spam stock, buy Hormel Foods Corporation (HRL), makers of the one and only. (I think there’s a lesson here in not assigning the stock symbol selection project to the PR guy to whom you’ve just given one months notice).
3 Comments
December 2, 2008 at 9:19 pm
George,
I write to you as much as I can:)
BTW, I liked your comment in DS the other day.
Jeff
December 2, 2008 at 11:31 pm
I know you do, Jeff, and you’re a better man for it. If it weren’t for you I’d look like a pathetic loser without any friends.
Re DS – what, the one about queueing and traffic?
Cheers man,
George
December 4, 2008 at 12:28 am
Queuing and traffic, I was thinking of something along your lines, but you beat me to the punch. Plus, I try not to write there so much, but Vic takes my comments and makes them articles….he’s done that for you.
My book is getting me down as I am trying to make it perfect. It’s also 420 pages, and I need to adjust that, but it’s a good 420 pages.
Jeff