Personal Track Record
This is not an investment model
- It is a record of a member’s personal broker account as reported to Covestor
- It cannot be mirrored
Feb 08, 2011
Paul Smith - View Profile
Personal Track Record
| Inception date | December 16, 2007 |
| Holding Period | Buy and hold |
Performance and Risk
Performance Summary (as at end of February 08, 2012)
| Inception December 16, 2007 | Member | S&P 500 |
|---|---|---|
| Month to date (%) | 9.88 | 4.41 |
| 3 month (%) | 6.51 | 4.76 |
| 1 year (%) | -19.20 | 2.09 |
| Annualized since inception (%) | -15.02 | 0.68 |
| Since inception (%) | -48.96 | n/a |
| Sharpe (annualized) | -0.34 | 0.01 |
| % of positive months | 42.00 | 60.81 |
Past performance is not indicative of future performance
Commentary - Latest Posts
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Got crushed, now making the best of it February 24, 2008
With a cost basis of 10.50, all that I required of CFC was to remain a solvent, stand alone company. I anticipated 15 to 25 percent return over the next five years as the mort lending industry recovered. Mr. Mozilla shocked me by the announced merger with BAC. At this point, CFC is now an arbitrage play. I will hold until the conversion to BAC shares, recovering a bit of lost principle. The arbitrage gap stands at about 15%. I have high confidence that the deal will go through, given Ken Lewis's......
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Continue Accumulation December 19, 2007
Keeping the faith that the market is being overly harsh and short-sighted. The company has a major market share in the mortgage market and stand to increase that share as smaller, less liquid lenders go under. They have tightened their lending standards, driving down number of originations but also lowering risk and anticipating new govt standards. In conference calls they have repeatedly given assurance of liquidity through 2008 and I am apt to believe them. They have a diversified business,......
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Long-Term Core December 16, 2007
This the the Western European version of the SPY. It's a very cheap Vanguard ETF that serves to tie up a chunk of my reitrement savings , so that I don't do anything speculative and stupid with it. I limits the amount of money that I have to fulfil my gambling, speculative instincts. I expect an 8 to 10 return over the next 15 years.
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Long-Term Core December 16, 2007
This is a core, long-term holding. A very cheap index fund, just 7 basis points per year. By tying up a big chunk of my retirement money in this, I won't be tempted to do anything stupid with it. Just a way to limit my natural gambling instincts.
- Expertise 1-5 years
- Country United States
- State Pennsylvania
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- Past performance is no guarantee of future results.
- Performance of a Personal Track Record is calculated by Covestor on a daily time-weighted basis of equity positions in the account provided by the member. It is exclusive of any commissions, fees, dividends, earnings distributions, and cash in the portfolio.
- Month to Date returns and Since Inception returns are revised daily. All other returns (month, 3 month, year to date, et al) are calculated as of the most recent month end date.
- All graph data is as of the end of day for the referenced period, unless otherwise specified.
- Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations and do not include cash, dividends and earnings distributions, or transaction costs. More
- All Personal Track Record information including personal data, profiles, strategies, commentary, and historical results outside of Covestor has been provided by the Member. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor.