What I Own Now
At least once a week this list will be updated. I may well make some trades during the week that don’t make it to this list. (Market action takes precedence over posting, and frankly, having too much public information could let someone “game” my trades, so a certain amount of ambiguity is needed. So you know what I’m trading, but don’t always know if I change from 1000 shares to a “marker position” of 10 shares, for example.)
There are two portfolios here. Mine and my spouses. My portfolio is more of a river boat gambler style. There are some investments in here (like BRKA), but a fair number of “gambles” where I hope for “double or nothing” type action.
Those with the word “toy” after them are not held due to their chart or financial fundaments, but because I like the company for emotional reasons and I bought some tiny bit to get the annual report or to satisfy my desire to “support” the industry. Sometimes I’ve bought as low as one share as a “marker position” so I see when it starts to move. For example, I always hold at least one share of FXY to remind me what the yen is doing since it is so important to “the carry trade”. The same is true of GLD where I sometimes keep one share to spotlight what the dollar is doing in gold terms.
BRKA Birkshire Hathaway. A stock I will never sell, bought in 1987. (BRKB is 1/30th of a BRKA share & more "affordable", this I trade) CH Chili Fund LTBG Lightbridge, was Thorium Power - Th gamble. IRL New Ireland fund PEI Penn Real Estate - Mall REIT gamble. PWE Penn West Energy - gas & oil trust fat divide QQQQ Nasdaq 100 ETF trade vehicle RTK Rentech. Synthetic oil toy. PCU Southern Copper XRT Retail Exchange Traded Fund TGP Teekay LNG - tankers for liquid Nat gas. fat dividend.
IAF First Australia Fund - major holding long term. Fat dividend. FEED Chinese hog and hog feed farm APSA Alto Palermo - Argentine Mall toy CPST Capstone Turbine - long term tech / energy (CNG turbines) gamble. CTO Consolidated Tomoka Land - Florida Land gamble. EPP Asia without Japan ETF EWO Austria ETF EWZ Brazil ETF FPRS - Ford Preferred Stock, nice dividend FXY Japanese Yen. 1 share. IDV iShares EPAC select dividend fund IDX Indonesia index ETF OPTT Ocean Power Tech. Wave power gamble. PAL North American Paladium PSUD Petrosun. Algae fuels & oil services gamble / toy. PGP Pimco Global Stock plus income 13% dividend PCY Powershares Emerging Mkt Sovereign Debt fund PLD Prologis Logistics REIT - bottom fish gamble SYMX Synthesis Energy Company - Coal to synthesis gas / oil. SYNM Syntroleum. Coal to oil toy. NZT
What My Spouse Owns
This portfolio is more long term investment oriented. Things that are bought are higher quality than in my portfolio and expected to be held for at least months, if not years or decades.
IAF First Australia Fund. Core holding nice dividends. HE Hawaiian Electric utility. EWZ Brazil fund PEI Penn REIT. Mall REIT bottom fishing gamble. PWE Penn West oil & gas trust. PCL Plum Creek Timber - Lumber REIT SWC Stillwater Mining - Platinum and related TTM Tata motors. Owns Jaguar. Toy & bottom fish & emerging growth
CCL Carnival Cruise Lines CEL Cellcom Israel. fat dividend. PLCE Children's Place retail. CLNE Clean Energy Fuels. Growth of CNG cars and trucks. DIS Disney. Permanent holding. (part toy, part core holding) HOTT Hot Topic - specialty retail. (small) EPP iShares Asia without Japan ETF EWL iShares Swiss fund LTD Limited Brands (Victoria's Secret) retail. M Macy's Retail. BABY Natus Medical - children's med. PGH Pengrowth Energy. Canadian oil trust.. JCP J.C. Pennys Retail. PBRA Petrobras Preferred shares. Brazil oil. Core holding. QTWW New Tech car engines toy / gamble. PCU Southern Copper TIF Tiffany & Co. high end jewelery EPI Wisdom tree India fund HOGS Chinese hog farmer
A note on preferred stocks and their symbols. Preferred stocks symbols can be confusing. Different folks will code them differently. For example, the Bigcharts system uses straight letters (as I have here) so F Ford preferred is FPRA or FPRS (they have two). But at Schwab, to buy it, the ticker is different. F/PRA and F/PRS but sometimes displayed as F+PRA … so it can be frustrating to deal with preferreds.
Preferred stock is higher in ‘the capital structure’ than common stock (they get their dividends paid before the common stock, leftovers go the common) but lower than the bond holders (who get paid first, both normal interest and, in bankruptcy, the preferred holders get what’s left after the bonds are made good and before the common.) Preferreds have a fixed claim on the dividends (often about 7% of initial issue price for the shares) after that, any increase in earnings go to the common, so there is a lid on the price rise of a preferred.
The common can ‘run up’ higher and faster. Sometimes this makes the common more of a winner. Sometimes if you missed a dramatic run, the preferred shares are not as frothy and you can still get a piece of the action without overpaying. That’s what I did with the BAC preferreds. BAC was up 25% or so, but BACPRI was up only 10% on 4/9/09 mid day. I could overpay in the feeding frenzy on BAC (and likely have a drop back in a day or two) or I could take a position in the preferred at less of a premium…
Some preferred shares are often very thinly traded, you may be the only buyer or seller for a few minutes or hours. Be careful of this (and use limit orders) if the chart shows low volume in a stock (like, less than 100,000 shares / day).