is is my August investment letter regarding my dividend value model (J:HDGB). As you know the models goal is to seek and attain above average dividend yield with some capital appreciation while minimizing market risk. I must admit that beating the index was not the intended goal of this model. However I am proud to point out that the model is still beating the S&P 500 as of September 3, 2010, which remains remarkably encouraging.
Strategies
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The S&P 500 has fallen approximately 13% between August 27, 2010 and its recent April 23, 2010 high and being 90% cash during this period was not a bad place to be. The lower market in August allowed us to put a bit more money to work. We added Chipmos Technologies (IMOS) and Bank of America (BAC). We believe both will contribute to long term future performance.
August 30, 2010: The S&P 500 index is down 4.94% for the month of August through August 26, 2010. I see a lot of good values among the top ten stocks in the S&P 500 by market cap. Exxon Mobil (XOM), Apple (AAPL), Microsoft (MSFT), and Proctor & Gamble (PG) are the top four and trade at comparatively low forward earnings estimates. Apple is the only one on the list with significant growth prospects over the next ten years or so and it trades less than twenty times trailing earnings as of August 30, 2010.
The below text is licensed to Covestor Ltd. (“Covestor”), by Dan Plettner. Such text may be disseminated only by Covestor. Dan Plettner invests and receives income for securities research, including “buy-side” research. Dan licenses his own real time trading data to Covestor Ltd. (“Covestor”). Covestor is a Registered Investment Advisor […]
The below text is licensed to Covestor Ltd. (“Covestor”), by Dan Plettner. Such text may be disseminated only by Covestor. Dan Plettner invests and receives income for securities research, including “buy-side” research. Dan licenses his own real time trading data to Covestor Ltd. (“Covestor”). Covestor is a Registered Investment Advisor […]
Covestor model managers Epic Advisors added a couple of new positions to their Bottom Up Analysis Agg model this week. In this model, Epic Advisors uses fundamental analysis and market timing when determining which positions to add. The model is aggressive and mixes core, long-term hold purchases with day trading […]
Author: Patrick Clark Disclaimer: Patrick Clark does not own UUP or IYR in his Covestor Market Neutral Growth Model. August 30, 2010: The overall market continues to look bearish technically. As the market moves lower, my trading rules have reduced my long bias which currently stands at 25%. I expect […]
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This week, Focal Point Management added SPDR EURO STOXX 50 ETF (FEZ) to their Quantitative Hedging model. This model invests in many different sectors and takes an adaptive, rotational approach to choosing investments. FEZ attempts to mirror the performance of the EURO STOXX 50 index, a Blue Chip index for […]