Portfolio Three Updated November 2012

Portfolio Three is our third longest lived portfolio at five years. The beneficiary has invested $3000, the trustee $6000, for a total of $9000. The portfolio value is $8462, which is ($537) below the invested amount, for a return of negative (6%) or negative (1.8%) over the life of the portfolio. Detail on the portfolio is in the link on the right side of the page or you can see it here.

Portfolio Three bought Metro PCS on the possibility of a takeover and when offers occurred we sold it for an approximately $300 gain. Wynn (casinos) was a poor initial performer but it has come back recently and gave a special dividend prior to the end of 2012 to avoid 2013 tax uncertainty (one of the few companies to do this so far). Urban Outfitters also is now above its initial purchase price. Bank of Columbia (CIB) suffered early in the year but has come back recently.

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