Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.
About once a month or so I have been trying to share with you an updated status report on my Trading Portfolio. Most of this is really unnecessary as my participation on Covestor can give you most of the same data. However, Covestor does not provide actual #'s of shares held but rather the composition of the portfolio by %'s. Also, I have been dealing with margin debt in my account and my long-term goal is to eliminate this debt and that kind of information is also not part of Covestor.
Besides, while I do want to have you visit Covestor and check out some of the other portfolios on that website, I do not want to require you now to visit another page to get the information I was providing here previously.
Anyhow, I last reviewed my Trading Portfolio on October 7, 2007. On October 7, 2007, I withdrew $5,000 from the account for miscellaneous expenses. This affected the value of the overall account and should be taken into consideration. I did this earlier this year with a car purchase and have been trying to minimize this activity. (It does not affect my Covestor performance which is still doing just fine thank you, but it does affect the actual, real $ amounts of the value of the account!)
O.K., enough of that. Let's get down to the actual account. Like before, I will list my 15 holdings alphabetically, followed by symbol, number of shares owned, date of purchase, price of purchase, latest price (11/2/07), and percentage unrealized gain (or loss).
Abaxis (ABAX), 210 shares, 10/25/07, $28.29, $29.50, 4.27%
Cerner (CERN), 103 shares, 2/2/07, $49.76, $58.79, 18.14%
Copart (CPRT), 210 shares, 9/27/07, $33.73, $37.13, 10.09%
Covance (CVD), 102 shares, 4/9/07, $62.61, $82.02, 31.0%
US Global Investors (GROW), 10/10/07, 245 shares, $21.27, $22.30, 4.84%
Harris (HRS), 120 shares, 1/31/07, 120 shares, $50.05, $62.26, 24.39%
IHS (IHS), 140 shares, 10/1/07, 140 shares, $58.53, $65.67, 12.20%
Kinetic Concepts (KCI), 140 shares, 10/23/07* (My trade this month in KCI gave me a new basis with the original shares purchased 7/13/07 considered sold), $58.05, $60.66, 4.49%
Morningstar (MORN), 103 shares,11/22/05, $32.57, $73.89, 126.83%
Precision Castparts (PCP), 64 shares, 10/24/06, $69.05, $150.00, 117.23%
ResMed (RMD), 150 shares, 2/4/05, $29.87, $41.90, 40.28%
Universal Electronics (UEIC), 155 shares, 2/23/07, $25.24, $34.22, 35.57%
Meridian Bioscience (VIVO), 199 shares, 4/21/05, $7.42, $32.34, 335.91%
VCA Antech (WOOF), 210 shares, 7/27/07, $41.04, $43.97, 7.14%
Wolverine World Wide (WWW), 200 shares, 4/19/06, $23.55, $24.44, 3.80%
Currently I am at 15 positions, with 20 being my maximum and 5 being my minimum number of holdings. The equity value is $108,391.74, with $(48,854.92) in margin with a total account value of $59,536.82.
My margin equity % has dipped to 54.92% from last month's 57.11%.
As of 11/3/07, I had $25,346.62 in unrealized gains in the account. Since the beginning of this year, I have taken a net of $(630.70) in net short-term gains and $30,885.69 in realized net long-term gains for a total of $30,254.99 in realized gains.
The account has had total income of $380.50 and I have paid a total of $(4,171.02) in margin interest.
Except for my own use of equity funds (drawing off $5,000 this past month for expenses), the account has maintained a solid performance for the year. Let's see if we can get through the last couple of months of this year with this performance intact!
Thanks so much for stopping by and visiting my blog! If you have any comments or questions, please feel free to leave them on the blog or email me at firstname.lastname@example.org. If you are interested, be sure and visit my Covestor page where you can monitor my trading portfolio performance and trades on a frequently updated basis. In addition, visit my Stock Podcast website where I discuss some of the stocks I own as well as just write about on the blog.
To see how the blog is performing overall, visit my SocialPicks page which analyzes all of my stock picks for the past year.