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Joseph P. Porter
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I am a retired college faculty in Philosophy, with specializations in Ethics, Socio-political Theory and Rational Choice/Decision Theory. My teaching focus was on Business Ethics, Medical Ethics and Logic. After retirement I freelanced as a Grant Writer/Fund Raising Consultant. I have taught at... More
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Joseph P. Porter's Instablog
  • Dogging The Market: Week 52 - Dodging My Duty 6 comments
    Dec 27, 2013 4:29 PM

    The end of the year is just a few days away (four, as I write this), and with only three-and-a-half days trading this week, and one-and-a-half next week (before the New Year), I've opted to postpone this week's report and save it for next week - hopefully as an article.

    Some things to consider in the interim:

    1. It actually looks like the Dogs of the Dow will beat the Dow PIC portfolio. Two or three hundred basic points is enough of a difference to matter. It remains to be seen, however, whether the Dogs will beat the Dow itself.
    2. the PIC portfolio will beat the Dogs the S&P 500, possibly by the same margin as is involved in the Dow competition. The PIC should also beat the S&P itself, but it might be close.
    3. It does look like the S&P PIC portfolio will beat the Dogs of the Dow. This will be a close race, but given the past couple of weeks, the S&P has done somewhat better than the Dow, so I give the edge to the PICs to beat the Dogs.
    4. What really disappoints me is the performance of ETFs that track the two indexes: they are all beating - or very close to beating - the Dogs and the PICs of both indexes.

    To sum up, the PICs have not done badly, and neither have the Dogs. There won't be quite the superior performance of the Dogs of the Dow as history would have it, which is strange, given that this has been a very nicely performing year, all told.

    What happens next? I am not going to follow the Dogs next year - I'll leave that up to my colleagues, such as Miz Magic DiviDogs.

    I will be expanding how I cover the PICs, however. As a teaser, let me say that I set up a new PIC portfolio for both the Dow and the S&P, both starting on July 1. Since then, the S&P PICs have made a total return of more than 18%. PICs may not be a 12-month hold'em. I will be tracking a variety of alternatives to see if it is possible to pin down a cycle for refreshing the portfolios.

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Comments (6)
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  • Miz Magic DiviDogs
    , contributor
    Comments (4608) | Send Message
     
    I leave it up to Fredrik Arnold to follow most of the Dogs! I only follow a very small subset, the Dogs of the CCC lists. :)

     

    Hope you had a much better weekend than last!

     

    Miz
    30 Dec 2013, 12:16 AM Reply Like
  • Joseph P. Porter
    , contributor
    Comments (768) | Send Message
     
    Author’s reply » Thus far, things are going not so badly - will actually try to attend a New Year's get-together on Tuesday. This is a gathering of my wife's old college friends & spouses that we've been attending for 39 years - too well-instilled in our behavior patterns to be ignored.

     

    How're your Dogs doing this year?

     

    j
    30 Dec 2013, 09:23 AM Reply Like
  • Miz Magic DiviDogs
    , contributor
    Comments (4608) | Send Message
     
    Not too bad. I have 3 tracking portfolios, one is up 31%, the other 2 are up 25%, without having the dividends added back in. I have to go back and add in dividends and I'll have the final numbers. Should be pretty darned good, though. :)

     

    Sounds like you have a good New Year's planned -- good to hear you'll be keeping the faith. :)

     

    Cheers!

     

    Miz
    30 Dec 2013, 02:43 PM Reply Like
  • Joseph P. Porter
    , contributor
    Comments (768) | Send Message
     
    Author’s reply » Sounds like my portfolios are doing about as well as yours, although the dividends play second fiddle to the selection criteria for me.

     

    I hope you have a happy New Year's Eve planned, and that next year brings you good things!

     

    j
    30 Dec 2013, 06:14 PM Reply Like
  • Miz Magic DiviDogs
    , contributor
    Comments (4608) | Send Message
     
    Not sure yet what I'm doing for New Year's, probably a riotous evening of pizza, popcorn & movies at my daughter's place. LOL!

     

    Likewise for good things! :)

     

    Miz
    30 Dec 2013, 07:39 PM Reply Like
  • Miz Magic DiviDogs
    , contributor
    Comments (4608) | Send Message
     
    Joseph ~

     

    Just thought you might be interested in an update on my DGI Lite DiviDog portfolio. :)

     

    http://seekingalpha.co...

     

    Miz
    9 Aug, 02:09 PM Reply Like
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