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Performance - Week Ending 02/08/2013

To be brutally honest, now is not the best time to consider getting into the market. For that matter now is probably not the best time to be in the market in the first place.

The reason, as evidenced by the vacillation in the closing numbers, is uncertainty. Investors simply do not like uncertainty.

One of the things I noticed during the week, was that the December wholesale inventory number declined by 0.1%. This is far worse than the 0.7% increase estimated by the Bureau of Economic Analysis.

My guess is that in the coming week, investors are going to hear about all of this, and as is normally the case, it will have its own special spin put on it, regardless of whether the numbers are good or bad.

In the end, this negative number is going to play into the final 2012 GDP number, and will probably show that U.S. GDP, was very very weak. Couple this against our growing debt, and I believe it is simply a recipe for economic uncertainty on an unprecedented scale.

As I said, the markets hate uncertainty. And a poor showing for the U.S. economy as evidenced by our 2012 GDP numbers, could end up being the massive turd in the punch bowl that sends the markets into hell at warp speed, or onward unto heaven, at the speed of light.

My name is Wax, and I am an individual investor, a working class investor, just trying to do the best I can in a world that was never intended for investors like me.

Those of us that actually work for a living know that saving money is hard. Investing that saved money is even harder, and understanding the risks before you invest is harder still.

I can provide you with a baseline equity report, which you can use as a starting point for your own research, but you must do the work. With that, I cannot help you.

You need to accept that none of this is easy. It requires effort, patience, and dedication.

You also need to know now, managing your own not for everybody.

Aside from some worksheets, the only other thing I can do is let you follow along with me and my investing struggles as I manage The Wax Ink Portfolio.

So if this "place to see" interests you, welcome.

On the other hand, if you are looking for market commentary intermixed with the bullshit that is politics, I suggest you try Dinah's Place.

The Wax Ink Portfolio declined by 0.4% for the week, while the Dow closed down 0.1%, the Nasdaq was up 0.5%, the S&P 500 was up 0.3%, and the Russell 2000 was up 0.3%.

Year to date, the portfolio is up 7.6%, the Dow is up 6.9%, the Nasdaq is up 5.8%, the S&P 500 is up 6.4% and the Russell 2000 is up 7.6%.

The portfolio breakdown remains the same, with 70% of the portfolio in equities, 30% of the portfolio in cash, and 0% of the portfolio in bonds.

I continue to research stocks, with 34 companies currently on my research list.

The only stock on my research list that I updated last week was undertaker company Stewart Enterprises, Inc. (Nasdaq: STEI).

This week's moving on up stocks were ultra-capacitor maker Maxwell Technology, Inc. (Nasdaq: MXWL), up 13%, trucking company Arkansas Best Corporation (Nasdaq: ABFS), up 8%, and independent refiner Holly Frontier Corporation (NYSE: HFC), up 7%.

This week's crapper stocks were paper products company Schweitzer-Maudit International, Inc. (NYSE: SWM), down 10%, building materials maker USG Corporation (NYSE: USG), down 5%, and container maker Myers Industries, Inc. (NYSE: MYE), down 5%.

Not Performing
As I note every week, there are several portfolio stocks that simply are not performing. Once again this week, communications equipment company Tellabs, Inc. did nothing and remains down 59% since I added it to the portfolio.

Also continuing to piss me off are government contractor SAIC, Inc. (NYSE: SAI), down 39%, and garage door/telephone headset maker Griffon Corporation (NYSE: GFF), down 34%.

As I have been saying, over the course of the next several months, two of these non-performing stocks will have reached or exceeded their 5 year portfolio anniversary. While I still believe in the stocks, it may be time to dump them. I will be making that decision by early summer.


Wax Ink is comprised of individual investors, NOT licensed or registered with ANY government agency. Please obtain the advice of a registered investment professional BEFORE considering any information obtained from this site.