Returns are now up-to-date.
It’s been a while since I last updated this page. Between moving to DC, getting my 65, taking over 3 roles and responsibilities at work, re-model my bathrooms with tiles, giving out free financial presentations, traveling to China, writing my first book (it’s true), I finally will have some time to reflect on what has been happening and will share some of my learning and experiences with you. Check back soon, you will get a glimpse from the pages of my new book.
And yes Pass the 65 is probably the only book you’ll need to pass that exam, plus some common sense.
My top holdings now, since March 2009, are BAC and WFC. Both count over 50% of my portfolio right now. Others been V, CEO, BRK.B, GOOG, GRMN, ETFC, and still more 15% in cash. This run since March is been very bullish, I don’t know how long it can last with this kind of rate of growth.
Financials, especially BAC, were way undervalued, market cap at third of equity vaules. It doesn’t make sense to me. And given BAC is now profitable, it should be valued at least at equity.
The goal is to rotate out of these undervalued stocks as market play catch ups and get into growth. But this might be a long time before all price gap can be reached. one to two years? wait and see.