Portfolio Three Updated September 2011

I also took advantage of the brief market rally to update Portfolio Three.  New stocks are 1) WYNN 2) Bancolumbia (ADR).  The current value is $6,138 and the beneficiary has contributed $2500 and the trustee contributed $5000 for $7500, meaning that we have had a negative return of $1361, or about (18%).  The portfolio was briefly above “break even” before the recent market turmoil.  Since we have a “long view” and the beneficiary is still far above the $2500 contribution, we are OK, but it would be nice to have a decent rally and get this portfolio above the $7500 mark.

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