By Paul Price
The media was so negative just a few weeks ago Fed Chairman Bernanke shot his mouth off about tightening up on QE programs. Market Shadows had it right when we said Don’t Fear the Taper .
Our Virtual Value Portfolio has rebounded since the drop in the market. As of July 5, 2013 our $100,000 stake has grown to $121,497 since inception on October 26, 2012. Our 21.5% gain exceeds the 16.8% total return on the Standard & Poors 500 ETF (SPY).
We sold Hedrick & Struggles (HSII) from our portfolio today for a 44.5% profit (46.7% including dividends). Our cash reserve now stands at $4,455 or 3.7% of the current portfolio value.
See all the open and closed positions here http://marketshadows.com/virtual-portfolio/.