Decade of Daddy Mirror Fund bi-weekly report
Things have been rocky in market land since we kicked off the Decade of Daddy Mirror Fund™, but I can report that our notional fund is surviving (see prior report “Decade of Daddy Mirror Fund part 2/3” July 11-08).
In the black column, we’ve made money in:
BMO (+15.5%), Bristol Myers (+5.8%), BNS (+7.1%), CIBC (+9.2%), JP Morgan (+22.8%), Eli Lilly (+2.5%) and MKS (+5.6%).
In the red column:
We’ve taken a terrible pasting in CDN Oil Sands Trust (-10.3%), we’re down a snick on Duke Energy (-0.4%), got caught on Merck’s bad news (-14.9%); Spectra Energy (-6.8%) and Teranet (-1.4%) have also cost us a bit.
On the whole, we are up 2.9% since the portfolio was launched on July 2nd. During the same period, the Dow Jones Index is down 0.3%. Of the $40 million we set aside, $11.4 million remains in cash.