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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (58823)	1/2/2017 10:46:10 AM
From: Spekulatius	2 Recommendations Recommended By Jurgis Bekepuris staring Read Replies (1) \| Respond to of 78751

My performance differs greatly between my accounts. My IRA accounts are up 15% and 20.5% respectively, my taxable accounts are up close to 40%. The better performance in my taxable account was due to MLPs holdings started at the beginning of the year, which performed very well (doubles and some triples). I did not purchase MLP in my IRA, due to fears about the UBTI and stock to bonds from midstream assets and EEQ, which performed well too, but not as well as the MLP holding. I also barely did any sales in my taxable accounts for tax reason and just let it ride, which turned out to be the right thing to do this year.

To: Jurgis Bekepuris who wrote (58823)	1/2/2017 4:14:15 PM
From: MCsweet	Read Replies (1) \| Respond to of 78751

What a difference a year (or two?). I thought you were talking about hanging it up back then given returns versus S&P. Looks to me to the contrary you have significantly outperformed. I'm up 19.5% this year, apparently lower than most board member, but I am happy with my performance and long-term returns (10 year around 15% per year). I have become more conservative lately as the pain of losing money becomes greater as I have accumulated more assets. Earning a few % more won't change my life, but losing a lot could and stocks and bonds are still expensive in my view. Congrats to all for a great 2016! MC

To: Jurgis Bekepuris who wrote (58823)	1/3/2017 10:51:02 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78751

Congrats to you guys who've beaten the S&P this year (again). I especially admire you who have done it while still having a large cash component in your portfolios. Not for me this year. Held far too much cash apparently, and to lesser extent poor performance in my healthcare/pharma stocks, esp. generics. I intend to place more cash into stocks this year: my goal reduce cash, increasing risk somewhat to increase income and capital gains. I would like to have larger portfolios end of 2017 than starting 2017. (Mandatory withdrawal from my largest portfolio (IRA) will be 4% of assets.)

To: Jurgis Bekepuris who wrote (58823)	2/14/2017 1:30:26 AM
From: Jurgis Bekepuris	Read Replies (3) \| Respond to of 78751

My top (>2%) positions in no particular order: FRFHF, BRKB, Fannie/Freddie prefs, JPM, LSXMA, EXXRF, DISCK, NOV, ISTB, TESB.BE, MKL, AAPL In: Out: Fixed income: 5% Cash: 13% Sectors (kinda): Insurance(FRFHF, BRK, MKL): 24%, Malone/media: 14%, Banks/financials: 8%, Oil: 4%, Tech: 3%, Various owner-operators (not included in other categories): 16% New positions: Microcap H, Nanocap I, ODET.FR Positions increased: LSXMA, Positions reduced: SPND, LBRDA, Nanocap B Positions eliminated: Flip-flop: Stocks are mostly expensive. Sold some SPND. Sold some LBRDA on Charter/Verizon merger speculation. Swapped LBTYA to LBTYK Bought some LSXMA. Bought initial position in ODET.FR, one of Bollore companies.