This portfolio will follow our modernized Benjamin Graham value investing approach, starting with $100,000 and $10 commissions. Taxes are ignored. For ease of calculation, cash will not be given any interest.
This week I decided not to make any transactions.
The performance of First Data Corp (FDC), Intel Corp (INTC), and John H. Harland Co. (JH) was encouraging, while a couple companies in the portfolio went down slightly. Overall the portfolio has outperformed both the S&P 500 and the Dow. In the weeks ahead I plan on investing the rest of the cash, but if I do not find companies I would like to invest in, there is no need to. I’d rather have cash gaining 0% interest (and losing 0%) than own a company I don’t have faith in. When the portfolio is fully invested, I believe it will see greater gains as a whole.
This week’s snapshot:
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