SI Portfolio vs. Buffett Portfolio – Rules.
Sergio H and I have put together our proposed list of “Rules” (see below) to govern the SI Portfolio.
We’ve attempted to incorporate the suggestions and recommendations received, to date, from members.
I will put this post in my board’s header for convenient access. Feel free to make further comments, recommendations, etc.., preferably in the very near future, as it would be beneficial to get it wrapped up and agreed to as soon as possible.
SI Portfolio versus Buffett Portfolio – Rules.
1) The SI Portfolio will consist of 10 stocks chosen by the majority votes received for those stocks. There will be no votes against.
2) Stocks that are in Warren Buffett’s current holdings (see goo.gl cannot be nominated for the SI Portfolio.
3) If the final place, or places, in the list of 10 stocks is, or are, contested by a stock, or stocks, with the same number of votes, then only these stocks will be presented for another vote (e.g. say there are 9 stocks with 4 votes or more and 6 stocks with 3 votes each, then the 6 stocks will be up for a vote for the final 10th. place).
4) The final list of 10 stocks chosen will remain unchanged in the SI Portfolio for a full 9 month period. There will be no removing or adding of stocks in that period of time unless a stock is de-listed from its exchange.
5) After 9 months has elapsed the SI Portfolio can be changed by a maximum of two stocks per year. These new stocks will be chosen and voted for in the same way as were the original 10 stocks.
6) Should a stock be removed from the existing Buffett Portfolio then another stock from Buffett’s holdings, preferably from the same sector, will be added. That stock will be selected by agreement between Sergio H and bruwin.
7) Stocks for the SI and Buffett Portfolios will be purchased in equal US Dollar amounts of $5000 per stock.
8) The dividends paid out for each stock will be added to that stock as and when it is declared.
9) The closing date for submission of stocks for the SI Portfolio is 31st. July 2012.
10) The commencement date for the comparison between the SI Portfolio and the Buffett Portfolio will be the 1st. September 2012, with the stock prices based on the last closing of the stock market prior to that date. The month of August will be used for final discussions and voting for the 10 stocks for the SI Portfolio. |
