I've cleaned up the blog a bit. I've removed the links to the historical indexing study, the link to the shareholder account holdings, and the combined portfolios link. If anyone is really interested in what I hold, they can just ask me. I'll be happy to oblige with an answer. Suffice it to say, for the most part, I hold whatever I typically blog about if my analysis leads me to conclude that the subject security is worth owning. The portfolios have some long standing holdings that I don't touch, but for the most part, I've sold most of the widely large cap names I held throughout 2015, and I've gradually replaced these holdings with buy and hold ideas that make sense to me. I was pretty active during the market plunge in February and my regret today (hindsight being 20:20) is that I didn't hold onto some of the purchases I made in February longer.
My 52 week low process led me to buy some really great ideas at close to their 52 week lows, such as Boardwalk Equities and H&R, and CST Brands, but I took profits as they bounced. This is a constant game of after the fact introspection, and there really is a lot of truth to the old adage of letting your winners run. Holding onto just these three securities would likely have generated another 7% in return across the accounts (not including dividends).
I don't make concentrated allocation decisions in my portfolios, typically, I allocate between 1% and 5% of assets to an individual security or position. I realize that after years of being a retail nobody, that I will most likely continue being a retail nobody and not have access to the same level of information and management interaction or candour that professionals have. This could be a blessing and a curse. I'm uncomfortable with more than 5%, but as the assets grow due to regular contributions, I have to look at a 5% allocation holistically from an overall portfolio perspective. 1% isn't going to move the needle much, if any.
The portfolios are currently structured as follows:
Total assets under management of $147,808
Cash = 42%
Debentures = 9%
Bonds = 32%
Common stocks = 10%
Preferreds = 7%
I'm always looking for new ideas using a combination of screens, candidates from my 52 week low list work, and catalyst oriented research. There are a few really good authors I follow on seeking alpha who appear to be a source of objective research. I also love reading Divestor and Prefblog for outside of the box analysis and thinking.
Final thought, if anyone is interested, I'll be uploading my evaluation models as a googlesheets link to the blog. I just added my Whistler Blackcomb model (right hand side of the blog). If anyone wants a copy of my evaluation model in excel, I'd be happy to provide it.