edwin444pr's  Instablog

I have posted the first update of our Large Cap High Dividend Yield Portfolio. For those that do not know the methods I use for stock selection and portfolio construction, please read this post.

This portfolio was initiated on September 4, 2012 and it currently is comprised of only 4 positions. These are: Exelon (EXC) with 6.02%, CPFL Energia (CPL) with 5.57%, Williams Partners L.P. (WPZ) with 5.07% and Energy Transfer Partners L.P. (ETP) with 4.43% of total portfolio assets of $999,669 as of September 20, 2012. Cash holdings as of the same date amounted to $788,907 or 78.92% of total assets. A complete list of all historical transactions for this portfolio is available in the Buys and Sells page of this blog.

My stock screen returned a small amount of potential candidates, many of which, in my opinion, were not attractively priced for purchase. This is not a problem for me. I much prefer to have few positions at prices I like and hold cash until Mr. Market decides to put something on sale than to buy at prices that I don't feel comfortable with just for the sake of being invested in the market. That being said, holding cash causes a drag on returns especially during a market rally which is exactly what happened during this period of time. The portfolio remained essentially flat during this period. Actually it incurred a slight loss of $331 or 0.03%. The loss incurred includes $366 in dividends received from our investment in Exelon (EXC). The dividend was re-invested in additional shares of the company. With the S&P 500 returning approximately 3.94% during the same period, our portfolio's under-performance relative to the benchmark was 3.97%. This means we have some ground to make up to achieve our goals for the portfolio.

On a percentage basis, our best calls so far have been:

1. Williams Partners L.P. (WPZ) - Up 0.78%
2. CPFL Energia (CPL) - Up 0.73%

Our worst calls have been:

1. Energy Transfer Partners L.P. (ETP) - Down 2.26%
2. Exelon (EXC) - Down 0.78%

For a complete view of the portfolio, you can go to the Portfolios page and look up the Large Cap High Dividend Yield Portfolio. I will update this and the other remaining portfolios from time to time so be sure to keep coming back with your comments and ideas. You can also subscribe to our RSS feed, receive updates via email and find updates in our Facebook and Twitter pages. As always, all comments and suggestions are welcome.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Additional disclosure: This blog is solely for informational, educational and discussion purposes only. GainStacker Investment Blog is not a registered investment advisor. Even though topics may be discussed on this blog that involve investment issues, nothing on this blog shall be deemed to constitute the practice of investment advice nor is it an offer or solicitation of any kind to buy or sell any investment products or securities. No reader should act in reliance on anything discussed in this blog without prior consultation with a licensed professional who is qualified to evaluate the reader's individual facts and circumstances and offer an informed professional opinion with respect thereto. If any reader takes action or makes decisions based solely on the information on this blog without prior consultation with a qualified, licensed professional, the reader does so at his or her own risk and agrees that GainStacker Investment Blog shall have no liability resulting from such unilateral actions or decisions by the reader.