Retirement Nestegg Report – July 2012
Well a pretty boring month overall for my nestegg, but what has to be one my worst months ever as far as investment performance vs the SP500. A number of my individual stocks got hit pretty hard this last earnings season and in general as I have grown to feel more comfortable I have been consolidating my stock investments more and more into a smaller set of companies so there is bound to be some more volatility with this approach, but I am hoping also better long term gains.
I still own a little under 50 individual stocks and no one stock makes up more than 5% of my portfolio so I am not exactly taking on unnecessary risk, but I am certainly less diversified than I was prior to this year.
I think it is a Buffet quote that goes something along the lines of “diversification is for people who don’t know what they are doing”. I guess we will find out 🙂 I feel more like I know what I am doing so I have become less diversified as a result and feel pretty good about some opportunities that are out there right now. I really wish we would make our land purchase sometime soon as I am hesitant to throw too much money in the market right now that we might potentially need for a house/land.
Traditional Rollover IRA – $14,562.63 (-9.46%)
My Roth IRA – $52,334.23 (-3.64%)
Wife Roth IRA – $28,973.19 (+0.64%)
Traditional 401k – $110,022.79 (+2.11%)
Roth/Traditional % = 40.16% (tax free)
Total Retirement Nest Egg $205,892.84 (-0.50%)
Monthly Contributions $715.28 (401k)
SPY Performance +0.97%
My Monthly Investment Performance -0.85% (-1.82%)
My Monthly Individual Stocks Performance -3.34% (-4.31%)