Kelvin, your points are well taken
clearly, since Jan 1 of this year it looks great
but I must say that this has been an "easy" three weeks to make money
I would hazard a guess the most people, holding stocks or mutual funds, have seen YTD gains of 10-30%
as for the Z portfolio, the difference this year is that the cost basis was adjusted to the price as of 12/31/00
that was not done a year ago
as an example of the impact, I took the positions that were bought last year and are still open and looked at them on a FIFO basis
those holdings are still down $123,000 or 16% from when they were bought
I am not saying that is bad or good, I just want each of us to look at reality then use that look to make buy/sell decisions
after all, this Z portfolio exercise, for over three years now, was and still is a way to help each of us do better in the market
see next post for details
pS
I ran this fast, maybe 5 minutes, so there may be some errors in it, but the concept is here |
