Day 140: Where can you get 20%?
The Mother's Little Helper portfolio was up +0.95% today for a gain of +6,644.20. Overall gain to date: +$119,243.73 (+20.42%). According to CNN Money the S&P 500 is up +7.30% Year To Date (http://money.cnn.com/data/markets/sandp/).
I love those 20% coupons that Bed Bath & Beyond sends me. For Mother's Day I got a 20% discount from Harry & David's but I couldn't bring myself to use it - I just felt cheap. If you pay off a credit card with a 20% rate that's the same as earning 20% on your money.
The Mother's Little Helper Portfolio cleared a psychological milestone today as the YTD overall return rose above 20% to settle at +20.42% at the close.
Investors seem less and less concerned about geopolitical risks, a dismal economic report from China and other issues like the wannacrypt global cyber-attack, while home builder sentiment is upbeat and crude oil prices jumped as optimism over production cuts from Russia and Saudi Arabia appear to be getting extended.
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.