Day 127: Up +19.89% stay invested
The Mother's Little Helper portfolio was up +0.23% today for a gain of +$1,630.13. Overall gain to date: +$116,124.52 (+19.89%). According to CNN Money the S&P 500 is up +6.80% Year To Date (http://money.cnn.com/data/markets/sandp/).
The big story today is......we're up +19.89%. The S&P 500 is up 6.80%. Kevin O'Leary of Shark Tank fame has an exchange traded fund called O'Shares (OUSA) it's only up +5.48% so you did better buying an S&P 500 index fund for a fraction of the cost. Bershire Hathaway B shares are up 1.51% YTD. So overall we should be happy with the return. Let's see how the rest of the year plays out.
IPG Photonics, Dorman Products, Mylan and Pfizer all reported earnings today. Mylan wasn't available at the time I wrote this. I'll update the chart tomorrow. So far the majority of our portfolio companies are reporting better than expected earnings. Just to be clear, that's their job. Meeting earnings expectations is not exemplary, beating analysts estimates is expected.
Disclosure: I am personally invested long in these stocks that appear in the MLH portfolio and may purchase or sell share withing the next 72 hours. I am also invested in other stocks that do not appear in the MLH portfolio: BA, BRK.B, CELG, CSCO, CTXS, CVX, DOW, DVAX, FB, IBM, NTES, NVDA, OMER, PFE, PG, RDHL, SCHW, THO, TWX, VEEV, VZ, XLNX, XOM
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
This article is not intended to offer investing advice, guarantee 100% accurate predictions, or to be interpreted as providing a personal recommendation.