So far in 2019, the S&P 500 is up 13.07% for 2019. The Morning Matters Portfolio found in Superstock Investor is up 9.52% for the first quarter of 2019. We are 75% invested which in theory means the portfolio should be up 9.80% if the S&P 500 is up 13.07%. So we are close to tracking our benchmark relative to the percentage invested especially that we added three ideas during the quarter, one each month.
The portfolio is now 75% invested long, 0% short and 25% in cash, net long 75%. For 2017, the value of the portfolio was 970.84%. For 2018, the portfolio value was 927.81% and is now 1025.45% in 2019.
For a listing of all trade both open and closed simply look under Portfolio on the left hand side of the website. We added a new buy in Walt Disney Inc. two weeks ago.
Dividends are not included in our results unless there is a special one time payment.
We positioned in late December that, "Markets are setting up for an epic buying opportunity last seen in 2015 or 2011". So far that has proven to be correct but the easy money is in and the second quarter will likely not see the return that we saw in the current quarter but it should be an exciting quarter with more potential upside ahead.