The time has come for my monthly portfolio update. At the end of every month, I will update my portfolio and comment on any changes. I do that for accountability and also so you may glean some ideas on how I allocate my capital. You have the opportunity to learn from what I do well, so you can do the same, as well as what I do poorly, so you will not have to repeat my mistakes.
Follow my real-time portfolio here.
My transactions in December are listed as follows:
| Stock | Action | Cost | Price per share | % of Portfolio |
| BUD | Add | $2,100.00 | $102.09 | 0.25% |
| VFC | Add | $1,650.00 | $53.79 | 0.19% |
| NKE | Add | $1,150.00 | $50.55 | 0.13% |
| ESRX | New Buy | $1,032.45 | $68.83 | 0.12% |
| ED | Add | $1,024.80 | $73.20 | 0.12% |
| GILD | Add | $1,011.50 | $72.25 | 0.12% |
| FOSL | Add | $1,004.25 | $25.75 | 0.12% |
| CERN | New Buy | $1,003.80 | $47.80 | 0.12% |
| DLTR | Add | $1,002.56 | $77.12 | 0.12% |
| VIAB | Add | $1,000.00 | $35.29 | 0.12% |
| KO | Add | $700.00 | $40.65 | 0.08% |
| NVS | Add | $700.00 | $68.20 | 0.08% |
| NSC | Add | $470.00 | $107.23 | 0.06% |
| XOM | Add | $327.48 | $89.64 | 0.04% |
| AFL | Add | $324.81 | $69.44 | 0.04% |
| EMR | Add | $301.61 | $57.37 | 0.04% |
| EXC | Add | $239.96 | $35.10 | 0.03% |
| VMI | Add | $200.00 | $152.91 | 0.02% |
| SON | Add | $163.07 | $54.64 | 0.02% |
| DIS | Add | $150.00 | $103.88 | 0.02% |
| MCD | Add | $150.00 | $123.53 | 0.02% |
| BDX | Add | $100.00 | $165.32 | 0.01% |
| MSFT | Add | $100.00 | $63.62 | 0.01% |
| NNN | Add | $100.00 | $43.29 | 0.01% |
| SNY | Add | $100.00 | $39.12 | 0.01% |
| YORW | Add | $100.00 | $38.90 | 0.01% |
| BMTC | Add | $67.92 | $37.27 | 0.01% |
| SPGI | Add | $32.07 | $114.70 | 0.00% |
| K | Add | $24.49 | $73.32 | 0.00% |
| SJI | Add | $12.66 | $34.48 | 0.00% |
| OGS | Add | $10.22 | $59.77 | 0.00% |
| PNW | Add | $5.72 | $73.20 | 0.00% |
| VTI | Add | $5.50 | $113.33 | 0.00% |
| WTR | Add | $3.22 | $28.14 | 0.00% |
| VEA | Add | $3.00 | $35.89 | 0.00% |
| VWO | Add | $0.77 | $35.50 | 0.00% |
| LQD | Add | $0.27 | $116.88 | 0.00% |
| VGIT | Add | $0.24 | $64.69 | 0.00% |
| TIP | Add | $0.19 | $115.15 | 0.00% |
| SJNK | Add | $0.12 | $27.27 | 0.00% |
| VNQ | Add | $0.07 | $81.40 | 0.00% |
| VCSH | Add | $0.06 | $82.19 | 0.00% |
| TLN | Sold Out | -$112.00 | $14.00 | -0.01% |
| BND | Sold Out | -$161.14 | $80.57 | -0.02% |
| EDZ | Sold Short | -$2,759.77 | $27.60 | -0.32% |
| Bought | $16,372.81 | 1.92% | ||
| Sold | -$3,032.91 | -0.36% | ||
| Net | $13,339.90 | 1.56% |
Purchases
This month, I initiated new positions in Express Scripts (ESRX) and Cerner (CERN), both zero payout growth stocks near 52-week lows.
This month, I initiated new positions in Express Scripts (ESRX) and Cerner (CERN), both zero payout growth stocks near 52-week lows.
I also continued to add to many of my holdings in low payout stocks selling near 52-week lows.
Sales
I sold out BND to close out my bond position in time for rising interest rates and also to effectively close out one of my brokerage accounts wherein BND was the sole remaining holding. This will simply my recordkeeping.Cash acquisition merger of Talen Energy (TLN) was completed, handing me a small loss on the stock.
Emerging markets are still in the doldrums, so I sold short the 3X EM Bear ETF (EDZ), hoping to capitalize on an EM rebound.
Portfolio turnover was 1.92% in December, which is around average.
Here is how my assets, liabilities, and net worth have changed over the past month:
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| Beginning balance on 12/1/2016 | + Cash inflow /(outflow) | + $ P/L | = Ending Balance on 12/31/2016 | % P/L | % Equity | |
| ASSETS | ||||||
| Current assets | ||||||
| Cash | 25,184.83 | 2,595.50 | 0.00 | 27,780.33 | 0.00% | 3.14% |
| Bonds | 13,248.29 | (513.85) | 33.21 | 12,767.65 | 0.25% | 1.44% |
| Stocks | 604,549.34 | 12,233.11 | 8,628.70 | 625,411.15 | 1.43% | 70.78% |
| Total current assets | 642,982.46 | 14,314.76 | 8,661.91 | 665,959.13 | 1.35% | 75.37% |
| Tax-deferred retirement account | 136,012.36 | 1,618.99 | 3,932.03 | 141,563.38 | 2.89% | 16.02% |
| Roth IRA | 63,579.64 | 0.00 | 2,061.55 | 65,641.19 | 3.24% | 7.43% |
| Gold | 12,597.67 | 0.00 | (189.98) | 12,407.69 | -1.51% | 1.40% |
| Other non-current assets | 5,000.00 | 0.00 | 0.00 | 5,000.00 | 0.00% | 0.57% |
| Total assets | 860,172.13 | 15,933.75 | 14,465.51 | 890,571.39 | 1.68% | 100.79% |
| LIABILITIES & EQUITY | ||||||
| Liabilities | ||||||
| Current liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00% | |
| Long-term debt | ||||||
| Student loan | 7,142.11 | (146.16) | 0.00 | 6,995.95 | 0.79% | |
| Other loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00% | |
| Total liabilities | 7,142.11 | (146.16) | 0.00 | 6,995.95 | 0.79% | |
| Equity (net worth) | 853,030.02 | 16,079.91 | 14,465.51 | 883,575.44 | 1.70% | 100.00% |
My net worth increased 3.58% to $883,575.44, due to a combination of cash inflows (1.89%) and investment gains (1.70%).
My monthly performance against the S & P 500 is shown below:
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| 2016 | My Portfolio Return | S & P 500 TR | |
| Jan | -3.69% | -4.96% | Good |
| Feb | 5.74% | -0.12% | Good |
| Mar | 3.99% | 6.79% | Bad |
| Apr | 1.39% | 0.39% | Good |
| May | 0.21% | 1.80% | Bad |
| Jun | 3.41% | 0.26% | Good |
| Jul | 4.25% | 3.69% | Good |
| Aug | 0.34% | 0.14% | Good |
| Sep | 0.34% | 0.02% | Good |
| Oct | -2.05% | -1.81% | Bad |
| Nov | 1.87% | 3.71% | Bad |
| Dec | 1.70% | 1.98% | Bad |
| 2016 | 18.51% | 12.03% | Good |
December was the third straight month I trailed the S&P 500, albeit only by 28 basis points. The fourth quarter was bad for international stocks relative to US stocks. Nonetheless, my poor relative performance in the last quarter was not enough to offset my strong performance from earlier in the year. In the end, I handily beat the S&P 500, thanks to outperformance of value stocks from the beginning of the year. I wish every year could be like this.
That's a wrap for now. I will be reviewing my balance sheet and goals in 2016 in separate posts. Stay tuned!
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