Friday, December 6, 2013

Rik Green's Investors Forum Growth Portfolio down 5% in November, 17% YTD

Rik Green's growth portfolio <Port-faux-lio> lost 4.8% in November to reach a new low.  The S&P500 gained 2.8% during the month.  CVX which is 40% of the portfolio's value was up 2% and helped offset a 5% and 9% drop in gold and silver prices, respectively.  GG which is 20% of the value dropped 12% during the month.  PSLV, PHYS, CEF, CDE, SLW and AUY all lost about the same as their underlying precious metal.  

Year to date the port-faux-lio is down 16.5% and the S&P is up 26.6%.  Gold and silver ended November at $1,253.35 and $20.00, respectively which is down 25% and 34% year to date.

Last month I was tempted to trade even more CVX for gold and silver related investments because CVX had appreciated and gold and silver were beaten down.  I decided to wait because the portfolio is running low on 'powder.'  There is not much CVX left to keep re-deploying.  Now is an even better time make this trade because CVX is a bit more valuable and the precious metals have been pummeled even further.  The beating has been so bad that I fear it may never stop.

What's the old investment adage; "buy when there is blood in the streets."  Of course in order to follow that advise one must have value to buy with.  It's not that bad yet.  My powder is precious, so I am going to wait a while longer.  If the metals take off from here I will celebrate gains on what I did do and have no regrets for not doing more.


  1. Here's some good Denninger analysis:

  2. • IOC aims to source a tenth of oil needs from own assets.
    • Reliance Infra Q1 net dips 24% at Rs 334 cr.
    • Lupin Q1 net plunges 59% to Rs 358 cr on price erosion in US.