Portfolio three is our third longest lived portfolio, at seven years. The beneficiary contributed $4000 and the trustee $8000, for a total of $12,000. The current value is $13,638, for a gain of $1638 or 15%, or 3% / year adjusted over the life of the portfolio. Go here for the spreadsheet detail or click on the link on the right.
The portfolio has almost half turned over in the last year, as 5 new stocks were added, out of the 11 total. A recent purchase LinkedIn has had some turmoil with the tech stock issues but is a good longer term play, but we will watch it. We are also watching Weibo, a Chinese internet stock hit by the same tech turmoil.
From the more traditional stocks, Siemens has been hit as the Euro has fallen vs. the dollar recently. We will also watch Yahoo to see what happens with the Alibaba stock they own post IPO.
Of the stocks we’ve sold, mostly it is good riddance. In particular Cliffs’ Resources went off a cliff since we sold it, down from $18 to $7. The stock perhaps could be a good candidate for a purchase in the future as a value play. We are trying not to ride stocks like that too far down.