I wanted to share some interesting stories from this morning’s Wall Street Journal. Alcoa kicked off earnings season by announcing a surprise profit, earning $0.08 per share vs. analyst expectations of a loss of $0.08. Of course, me being a negative nillie, the line that caught my eye was the fact that revenue was down [...]
View the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc. through September 30, 2009. THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +34.0% YTD (my actual IRR, including cash balance) DJIA: +10.7% Nasdaq: +34.7% S&P 500: +17.0% DJ WIlshire 5000: +20.1% Russell 2000 (smallcap): +21.1% September was [...]
September was a good month, indeed. An IRR (including cash balance) of 34% is keeping pace with the NASDAQ and lapping the S&P 500. After last month’s activity, cash available for investment sits at 37% of total capital so much of that return has been locked in. Do not mistake the large cash holding for [...]
