Sunday, September 8, 2013

Rik Green's Investors Forum Growth Portfolio up 1% in August

RG's growth portfolio <Port-faux-lio> gained 1.2% in August while the S&P500 lost 3.1%.  CVX lost 3.7% and GG was up 4.5%.  PHYS and PSLV were up about 6% and 20% respectively, which is slightly more than the market prices for gold and silver.  The trusts appreciation was more than the metals because their premiums to net asset value expanded during August.  SLW was up 15% during August while silver was up only 5%.  

Year to date the port-faux-lio is down 7.5% and the S&P 500 is up 14.5%.  Gold and silver ended August at $1,395 and $23.52, respectively which is down 17% and 23% year to date.

The mid-May trade of CVX for SLW and CDE is working out well.  Since then, CDE is up 15%, SLW is up 20%, and CVX is down 4%.  This trade has netted an unrealized gain of $5,716 in the port-faux-lio.

The trade on August 26th of CVX for AUY, CDE, and PHYS port-faux-lio has an unrealized loss of $1,729.  PHYS is flat and the miners are down.  AUY is down 12% and CDE is down 5% since August 26th.

CVX is now 37% of the port-faux-lio's market value down from 43% at the beginning of the year.  It pays a nice dividend of $1,00 per quarter.  The annualized dividend yield is 3.3%.  

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