Ed’s Monthly Portfolio Summary for August   Leave a comment

August wasn’t as nice to me as July. However, compared to the benchmarks, I had an outstanding month, with a firmly positive 2.05% return when all of the benchmarks were in the red:

Ed’s Overall: +2.05%
Ed’s IRA: +2.55%
Ed’s 401k: -0.31%
S&P 500: -3.19%
ACWI (all-world index): -2.21%
JUBAX: -1.92%

A lot of my IRA’s positive result came from tactical daytrading, as well as an oversized position in iShares Gold Trust (IAU), which went from a July close of $12.86, to an August close of $13.53 (a 5.21% increase). Even my small position in NanoViricides, Inc. (NNVC) helped, going from $0.87 to $1.21 (a 39.08% increase).

Although my 401k was mostly in the red, Silver Wheaton (SLW) held up my results with an outstanding month:

DIS: -3.82 to $60.83 ( -5.91% , -3.09% overall)– bought at $62.77
GOOG: -40.85 to $846.90 ( -4.60% , -3.02% overall)– bought at $873.31
SLW: 3.38 to $26.35 ( 14.71% , 33.82% overall)– bought at $19.69

In my IRA going forward, I will continue to look to take advantage of tactical daytrades, but only when the technicals look right. I may add positions to my IRA as opportunities arise, although September is looking iffy for that prospect. However, with 67% of my IRA in cash, my options remain flexible.

I am also looking to add a position to my 401k, which is currently holding a 10.3% cash position. Of all the stocks on my watchlist currently, I am leaning towards Intel (INTC) to be my next 401k addition.

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Posted September 4, 2013 by edmcgon in Portfolio, Strategy

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