$2,360,085!
That's right, we are back to 2 Dr. Evils after slipping to $1,951,713 in our June 19th Review so we're up $408,372 (20.9%) but that's after losing $51,955 from April so, you know - markets...
On the whole, pullbacks are good for us as we sell a lot of short-term calls and relentless bull runs - especially when the rise sharply - can throw us off our game but, thanks to Stock Market Physics and our World-famous RAWHIDE! Strategy - things come back to Earth - eventually - and we are able to get back on track. This has been one of those months.
The S&P is up 200 points since our last review and, unlike last month, the gains have been fairly well-distributed, which is fantastic for our portfolios - which are not heavily invested in the Magnificent 7 stocks. So now we are catching up as value investing comes into vogue and we'll see how things progress through earnings season - as our companies begin to report.
This is what we expect in a "real" rally - eventually we should see broader participation and that's when our strategy kicks into high gear - patience does pay off and caution does too as our stocks are nowhere near as stretched as the leadership is at the moment.
In fact, as an example, we JUST reviewed our $700/Month Portfolio last Tuesday when we stood at $26,000 and we only made 2 minor changes (PFE and SQQQ) yet the portfolio has jumped up to $30,215 - up $4,215 (16.2%) as the laggards begin to rally:
Of course these things fluctuate but it's nice to see us gain a little traction on our value plays. I'm not going to review the $700/Month Portfolio again, nor am I going to review the untouched Money Talk Portfolio but I will be doing the show again on the 31st - and then we can make some changes.
