After the application of dividends and stocks splits, and after adjusting for stock purchases and sales, as well as allowing for reinvestment of capital (thank you to friends with access to very powerful software), something I only do at the end of the year, the Wax Ink Portfolio ended 2015 with a loss of 2.04%, compared to 2014 in which the portfolio lost 2.55%. Admittedly not exactly a glowing endorsement for yours truly as a portfolio manager but better I suppose than the proverbial poke in the eye with a sharp stick .
By comparison, the Dow closed the year down 2.2%, with the Nasdaq up 5.7%, the S&P 500 down 0.7%, the Russell 2000 down 5.7%, and the Volatility Index, commonly known as the VIX, was up 32.7%.
I do not anticipate many changes to the portfolio for 2016. As many of you have noted, I took positions in additional oil industry stocks during the later part of 2015, however, I do not expect those investments to yield much in the way of positive returns during 2016. Certainly there are events in the world that may alter that statement, such as the recent execution by Saudi Arabia of an Iranian cleric, or the election of Donald Trump as President of the United States. But I am not counting on such events to improve my portfolio returns. If things such as those do, then good for me.
All in all while there may be a some positive changes during 2016, I do not really see a vast improvement in the portfolio until 2017. But since my end date for the portfolio is not until 2023, I believe I have taken positions that should do well within that particular time frame.
One of the things I am planning to add to my weekly Performance Report, are the week ending prices for crude oil, natural gas, and gasoline. Since the markets were driven during 2015 in large part by the price of hydrocarbons, I thought it may be of value to some readers if I started to include this information in my reports,
I wish everyone a fruitful year in 2016, I expect it to be an interesting time for the entire investing community. Cheers!
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