Portfolio Update: EWS, CSCO, AUY, AEO

With all the market action, I’ve spent more time managing holdings than normal this past week. A quick update on some moves I’ve made: I sold out of my iShares Singapore ETF (EWS) early last week at $13.92. As it turned out, the timing worked out quite nicely as shares worldwide suffered major setbacks but [...]

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When Markets Get Tough, The Tough Sell Options

Readers should know I fancy myself a value investor, not an options trader. But conservative investors can benefit using options even if they don’t know much about the Greeks or implied volatility. Two strategies in particular — covered call writing and naked put writing — can be extremely valuable to long-term investors in volatile times [...]

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YTD Portfolio Results & Market Commentary

THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +7.2% through August 1st, 2011 (my actual IRR, including cash balance) DJIA: +4.8% Nasdaq: +3.5% S&P 500: +2.3% DJ Wilshire 5000: +2.2% Russell 2000 (smallcap): +1.2% I must admit some pleasure at walking away from the portfolio for a month only to return to YTD results showing us outperforming [...]

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Year-To-Date Portfolio Results

THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +2.2% through June 14th, 2011 (my actual IRR, including cash balance) DJIA: +4.5% Nasdaq: +1.1% S&P 500: +2.6% DJ Wilshire 5000: +2.4% Russell 2000 (smallcap): +1.4% Apologies for the tardy update this month. Stocks’ summer swoon leaves us decidedly in the middle of the pack compared to the above [...]

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Tracking 2011 Q1 Moves by Seth Klarman and Bruce Berkowitz

Being a value investor, I always take great interest to see what long-established value gurus like Seth Klarman and Bruce Berkowitz are doing with their portfolios. While 13F-HR filings are incomplete snapshots at best as they detail no information on bonds, foreign stocks and other esoteric asset classes, some insight may still be gleaned from [...]

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Portfolio Update

THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +6.3% through Apr 6th, 2011 (my actual IRR, including cash balance) DJIA: +10.6% Nasdaq: +7.1% S&P 500: +7.9% DJ Wilshire 5000: +7.7% Russell 2000 (smallcap): +7.7% In the span of a month, I went from leading the market indices by roughly 2 points to lagging them by the near-same [...]

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