Portfolio Three is our third oldest portfolio, at seven years old. The beneficiary contributed $3,500 and the trustee $7,000 for a total of $10,500. The current value of the portfolio is $13,472 for a gain of $2,972 or 28%, or 6.2% over the life of the fund. Click on the link to the right or here for details.
The portfolio has 8 stocks and is doing well. We sold Splunk for a gain and Cliffs for a small loss when they hit our stop loss mark earlier this year. Our current portfolio is reasonably well balanced and the stocks are doing well. We have $2713 in cash and if we add $1500 this year between the beneficiary and trustee we will have $4213 to invest in stocks, which will allow us to add three more and continue to diversify the portfolio. Portfolios of over 10 stocks (that are all different) are considered reasonably diversified and we need to add a few more to reach that target. We will also need to add a couple more over the upcoming years because a few of the stocks (the Canadian banks) are closely correlated.