Friday, January 8, 2016

Portfolio Update

I added shares of SAM and DEO to the portfolio today.

I'm finding both to be of good value, although SAM still can be considered overpriced. I'd rather be a little early on SAM than late as I think the company is fantastic, and in 10 years I'm confident the price will be much higher. This will be my last add of SAM for awhile. I'm attributing most of the downfall today to an analyst downgrade. There was always some part of me that felt analysts put out that kind of news to help themselves or someone else buy shares at a lower cost. Either way I've never done any research into it but I wouldn't be surprised if plenty of them get their calls wrong.

DEO is still looking like a great pick in today's market. With the dividend and steady business I believe one could do a lot worse with other stocks. There is a small part of me that says wait for a price under $100, but I think anything under $115 is still a good value for the company.

On a side note the S&P 500 is off to its worst start ever according to the media today. Definitely makes buy and hold investors frustrated in the near term. For a trader this kind of volatility is fantastic.  I think 2016 is going to be a year of big ups and downs, and just maybe we end up 5% for the year.  Either way I have a lot of big expectations for some of the names in the portfolio and I think in these unsure times they will hold up better overall. For example I've been impressed with MKC the last few months. Stock has been pretty solid despite all the volatility. I wish I could buy the entire company.

That's all for now and have a great weekend!

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