In 2010 we had the following stock selections:
- Canadian Imperial Bank (ADR)
- Alcoa Inc.
- Oracle Corporation
- LG Display Co Ltd. (ADR)
- Exelon Corporation
- CNOOC Limited (ADR)
A portfolio of these six stocks, including dividends, would have returned 1%. If you exclude LG Display, which turned out to be a dog with almost a (40%) one year decline, the portfolio returned 9%. Thankfully no one selected LG Display, which was hit hard by the commoditization of the display market.
If you had picked SPY, the ETF that mimics the S&P 500, you would have returned 15% including dividends over that same period (9/1/10 – 9/1/11). You can see the spreadsheet here.
As Dan would say it, the “dartboard” beat me on the 2010 picks. My stocks were 1/2 international which underperformed the S&P relative to that time period. Not that it is an excuse, and we always are open about portfolios and performance so that scrutiny might improve performance.