Here we are in mid February. Oil prices have risen slightly since January, but the Canadian dollar has not. Greece economy is back in the spotlight, since they elected a new government and they want to re-negotiate the terms of their Euro bailout.
You might think that all this doom and gloom would continue to weigh heavily on the model portfolio. On the contrary, the portfolio holdings have bounced back from their January lows and are now making new highs. Our nine month return on the portfolio is now 20.45%. With the exception of EQB and STN, all of the other stocks in the portfolio are experiencing double digit gains.
The clear winner so far is WFT at 45.75%. Certainly West Fraser Timber must be indicative of the rebound of the US housing market. Not far behind is GIB.A at 41.95%. CGI shows that tech is still alive and well and mirrors the performance of some other canadian tech companies I have been watching, such as CSU, OTC and ESL to name a few. GC, GIL and LNR are all in the high 20s percentage returns also. As I predicted LNR did make a come back since last month.
Here's the performance graph this month. Portfolio gain is just over $7200 making the model portfolio worth $42,624. No dividends were paid out during January.
The comparison graph above shows the returns of the model portfolio vs the TSX for the last nine months. Oil, resources and financials have dragged the TSX down of late. Those just happen to be the top three pillars of the TSX. Our average return per month is now 2.2%.
Finally, this is the model portfolio performance graph for only 2015. I compared the portfolio return vs the TSX . Almost 8% vs about 3.5%
You've probably noticed that I haven't updated the momentum stock postings in quite awhile. I was sick for a spell and then the bathroom reno started so I took my focus off the weekly posts. I'll try to get back into the swing of things soon.
See you in March.
