By Paul Price
Despite the first three-day losing streak of this year, our Virtual Value Portfolio continued to gain. We’re ahead by 20.8% (+ 33.2% annualized) since our October 26, 2012, inception date. That compares well with our benchmark, the Standard & Poors 500.
Our numbers and those of the index are total returns which include dividends. So far the Virtual Value Portfolio is outperforming the S&P by 31.7%.
We made one purchase this week, adding 40 shares of Deere (DE). That reduced our cash reserves to $5,932 - 4.9% of our current portfolio value. I believe there are currently few if any viable alternatives to equities in terms of preservation of long-term purchasing power, and I remain bullish.
See the full details of our holdings here.