For years now,
I have been running my own personal pretend mutual
fund. Pretending as if my tax paid investment grade
assets were a mutual fund. Buying imaginary shares
when I buy real shares of something, and selling
imaginary shares when I sell - or when I get a dividend.
And, of course, calculating a NAV once a week.
At the end of 2012 my NAV was $13.83. At the end
of 2013 it was 16.48. I figure about a 21% increase.
Not particularly good, when the S&P reportedly ran
close to 30% . . . But some 14% of my imaginary mutual
fund is in bond funds, and another 20% is in power
companies. I am not disappointed.
My 401K was up 20% for the year - but, to be honest,
me and my employer was putting money in it all year.
After subtracting what we put in from the gain, it was
up 17%. Again, sucks compared to the markets, but
my 401K is some 30% bonds . . . . Again, I am not
disappointed.
Zim.
Mad Poet Strikes Again.
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