Following MrMarket

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  • Karel
    Administrator
    • Sep 2003
    • 2199
    #1

    Following MrMarket

    Hi all, now the first pick has turned up, I want to announce a new Following MrMarket port. It won't be as harebrained as the first one and will sell when MrMarket does, so the port buys and sells at the prices MrMarket announces. MrMarket has 14 stock slots, and I will use a 15th cash slot to rebalance. The port starts with $15,000. For commissions I'll use $10.

    Regards,

    Karel
    My Investopedia portfolio
    (You need to have a (free) Investopedia or Facebook login, sorry!)
    Tags: None
  • Karel
    Administrator
    • Sep 2003
    • 2199
    #2
    29 September 2003

    The port bought 36 FINL @ 27.13 = 976.68 (986.68 with commission)

    Cash: 14013.32

    Regards,

    Karel
    My Investopedia portfolio
    (You need to have a (free) Investopedia or Facebook login, sorry!)

    Comment

    • RCARTER528
      #3
      Karel:

      Please excuse my ignorance , but I don't know what you mean by a "port". Where do we find it? Do you have it in a portfolio?

      Thanks

      Randy

      Comment

      • Karel
        Administrator
        • Sep 2003
        • 2199
        #4
        Hi, port=portfolio. Sorry for the confusion.

        Regards,

        Karel
        My Investopedia portfolio
        (You need to have a (free) Investopedia or Facebook login, sorry!)

        Comment

        • Karel
          Administrator
          • Sep 2003
          • 2199
          #5
          On 10-3, MrMarket announced a new buy, ARO, which he bought at 28.90. The paper port, sorry: portfolio , accordingly bought 34 ARO.

          The port currently holds 36 FINL, 34 ARO, cash is at $13,020.72 and total value stands at $15,151.46, a gain of 1% overall.

          Regards,

          Karel
          My Investopedia portfolio
          (You need to have a (free) Investopedia or Facebook login, sorry!)

          Comment

          • Karel
            Administrator
            • Sep 2003
            • 2199
            #6
            Wow! ARO got sold already, and 19 WLS entered the portfolio at 54.10. That makes 36 FINL, 19 WLS and 13115.90 cash, for a total of 15,184.04, just a bit higher as last week (+0.2%). SPY dropped a bit (-0.3%) and so did QQQ (-1.1%).

            One of the older stocks got sold too, so the port is getting fuller bit by bit.

            Regards,

            Karel
            My Investopedia portfolio
            (You need to have a (free) Investopedia or Facebook login, sorry!)

            Comment

            • CraigMRO
              #7
              How can we view the portfolio?

              Comment

              • Karel
                Administrator
                • Sep 2003
                • 2199
                #8
                Well, this report is all for the moment

                Perhaps we'll be able to present it differently in a while, but at that time MrMarket himself will also be able to present his holdings, and the two portfolio's are essentially the same. Except that my version uses fictitious positions, and so gives an idea of the development of the value of the portfolio.

                Regards,

                Karel
                My Investopedia portfolio
                (You need to have a (free) Investopedia or Facebook login, sorry!)

                Comment

                • Anonymous
                  #9
                  Good going

                  Karel-have taken a background seat (actually established this new moniker for one reason to compliment you on this etc.), but just wanted to say it was a great idea for you to do the port idea. Best of success.

                  Comment

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