Jae Jun submits: Portfolio Performance Not an ideal start to the year. Down -5.74% compared to the market’s -2.74%. It was a tough second half of January where I gave up all the gains I had achieved in the beginning of the month.Complete Story »
Jae Jun submits: Time sure does fly. August ends with the Old School Value portfolio down -0.56% and down -14% for the year. The large cash position of 30% cushioned the fall in August, while the S&P dropped -4.5%. When including cash, the equivalent performance for the S&P500 is -3.12% at the end of August 31, 2010.
Wall Street Strategies submits:We are through the second month of the 2010, and in my mind, the biggest winner was General Motors (MTLQQ.PK). The company announced Tuesday morning a 1.3 million vehicle recall but that shouldn't spoil the party for a great month. GM also reported that sales this month improved, giving an 11.5% rise year over year.