2012 results.
Caveats: rates are from Quicken/IRR which I still believe is buggy/not reliable. One or two positions are wide spread micro caps that trade on appointment, so their prices are sometimes misprinted and therefore misaccounted. So reader beware.
My portfolio results depend on whether I include 401(k)s where I can only invest in limited choice of mutual funds. With 401(k)s, returns are 9.7%. Without them: 8.5%. This pretty much shows that broad market outperformed my stock picks this year. On the positive side my 401(k) mix narrowly outperformed SP500, but that's not something I'd brag about. :) The negative side of being way below 13.4% SP500 return is more painful.
What worked and what did not work this year:
My various selling/buying blunders were somewhat documented in this thread. PERI/GRVY mistimings cost a lot. So did FBOD.
In terms of securities still held:
Tech stocks - all trailed indexes (MSFT, INTC, DELL, Chinese game companies, etc.) except ADVC.
Energy stocks - mix: DRAGF, MAUXF good returns, STO, TOT lagged, PMGLF is biggest loss.
Insurance companies - mostly trailed indexes, AFSI outperformed, BRK - narrowly beat indexes, Fairfax dropped a lot.
Euro stocks: MGDDY, BASFY - great returns, AHONY, TSCDY lagged
Banks: BAC provided great return, others were hohum.
Materials: mostly underperformance (RIO, FCX)
Industrials: ETN outperformed, CMI too, JOY not really.
Looking at my top 10'ish positions:
UVIC, GLW, MSFT, MGDDY, MHR-D, DRAGF, PWRD
MGDDY and DRAGF outperformed the market. The remaining ones underperformed.
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