It’s been about four and a half months since I started my Liquidation Portfolio. Back in November last year I spent a lot of time looking at about 50 stocks that I estimated to be trading far beneath their liquidation value or net current assets. I chose what I thought were the 30 best and invested an equal amount of cash in each one. So far, the results are pretty good.
It’s returned 7.05% since inception and has beaten the S&P by 13.92%. The portfolio also has a pretty low expense ratio of .19%, which is just trading fees.
This is probably only the fifth or sixth time I’ve even looked at the portfolio. The only times I’ve fooled around with the portfolio is to invest a little more after the market had declined for a week or two.
Though the wealth management biz is down these days, I hope one day I’ll get to be able to use my abilities to benefit other people.
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