
Naked Portfolio November 2005 Report
I'm six days late with my Naked Portfolio November Report. Apparently, nobody cares. It's good in the sense that I can completely forget about writing my monthly reports and no one will notice. But then I will disappoint the one loyal reader that I may have. So, without further ado, I present to you the Naked Portfolio November 2005 performance table below:
| Four Months Ended December 6, 2005 | |
| Naked Portfolio | 4.70% |
| S & P 500 | 2.29% |
Overall, November was an okay month for the Portfolio. The S & P 500 is catching up to the Portfolio. Most of the rally can be attributed to recent media attention on Berkshire Hathaway (NYSE: BRKb). On November 2, Motley Fool ran an article titled Berkshire's a Bargain by Salim Haji. The next day, the stock rose about 2.7%, not a huge jump. The stock has been trading around that range since then. But you just witnessed the influential power of the media. Anyway, yay for the Naked Portfolio considering Berkshire makes up about 65% of the Portfolio.
Markel Corp (NYSE: MKL) is down 1.74%. Markel is a great company. Unfortunately, I made a stupid mistake buying the first share at $313.60 for a $7 commission (assuming I used Scottrade). That's a whopping 2.2% commission on that trade! Could I be any stupid-er? Clearly, I could. I bought a share of White Mountains (NYSE: WTM) at $566.01 for a $7 commission, again. Quick, somebody smack me on my forehead. As if that's not enough, I bought another two shares of Markel at $315.55 again for $7 (1.1%) commission. The only consolation I can take from all these stupid mistakes is these are all imaginary money. I'm thankful I did not commit the same heinous crime with my real world investing.
So, there's your lesson for the day from FatBoy. Until next month, don't be stupid like FatBoy.
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I am happy to announce for the quarter ended October 31, 2005, the Naked Portfolio kicked the S & P 500's ass. Pardon my French. I am just too excited. Incidentally, peppering the words "naked", "ass" and "sex" throughout this article will attract quite a ... Read
I've decided to increase my position in Markel in the Naked Portfolio with two more shares at $315.55/share. As of now, the Naked Portfolio has three holdings Berkshire Hathaway (NYSE: BRKb), Markel Corp (NYSE: MKL) and White Mountains (NYSE: WTM). Current cash available is $171.29 ... Read
