As I have mentioned in my other reports, I would like to first offer my thoughts and prayers to all of my friends and all of those who may have been impacted by the Hurricane Sandy disaster. Times like these remind us that stock trading profits must always be put into proper perspective of the health and well-being of your family and friends.
That said, the Sustained Momentum model on Covestor had little activity in October except a sale of Microsoft (MSFT) with replacement by Hologic (HOLX) on October 2nd. At the end of the month Schiff (SHF) became a top 10 portfolio holding, displacing Hologic.
The Sustained Momentum portfolio continues to be the surprising star of the three models I manage, including the Buy and Hold Value, and Healthcare Covestor models. I say surprising because although the stocks reflect my own stock selections, their inclusion in the model is based on their own performance.
Thus, at the end of the month, this portfolio is still holding Apple (AAPL), as well as Amazon (AMZN), Disney (DIS), Nordstrom (JWN), Morningstar (MORN), PetSmart (PETM), ResMed (RMD), Schiff (SHF), Meridian Bioscience (VIVO), and Valeant Pharmaceuticals (VRX) along with a generous portion remaining in cash.
I look forward to reporting back to you on this model as it continues to hold up well relative to the S&P 500 Index (SPX) (trailing by only 2.2% through October 31st), which always is a challenge for an investor to match.
Performance discussed is net of advisory fees.
Any index comparisons provided in the blogs are for informational purposes only and should not be used as the basis for making an investment decision. There are significant differences between client accounts and the indices referenced including, but not limited to, risk profile, liquidity, volatility and asset composition. The S&P 500 is an index of 500 stocks chosen for market size, liquidity and industry, among other factors.
The investments discussed are held in client accounts as of October 31, 2012. These investments may or may not be currently held in client accounts. The reader should not assume that any investments identified were or will be profitable or that any investment recommendations or that investment decisions we make in the future will be profitable.
Certain of the information contained in this presentation is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. The manager believes that such statements, information, and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information and opinions.
