07/05/2013

A Strong Week

A Strong Week

(pun intended)

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 .

    Bernanke Head shot

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/.

Jul 5, 2013 12:00:00 AM | Newsletter Articles, Value Investing

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I'm editor at Phil's Stock World, and editor for Stock World Weekly. My background is in the biological sciences, and law. After a brief career in the legal field, I changed directions and am now working as an editor, and very much enjoying my experiences in the editing world.

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