3 Month Recap of the Share Repurchase Newsletter
Stocks started the year off in the red, but are now back in positive territory. Since the release of the Share Repurchase Newsletter in mid January, our portfolio is up 7.22%! Compare this to the S&P 500 (SPY), which is up 1.94% Year to Date, and 6.6% since the release of the Share Repurchase Newsletter as of the close on March 18th. Good start to the year in the overall market, as well as our portfolio, despite the grim start.
Many analysts, institutional holders, and individuals were bracing for a potential Bear Market (20%+ drop), myself included. But once you have a strategy in place, you stick to it, through the good and bad. The overall market may change a few selections between certain stocks chosen each month, but will not alter the overall strategy. Our portfolio focuses on companies who have recently announced a new or increased Share Repurchase program, and there were plenty to choose from in the past 6 Months.
With the Federal Reserve choosing to sit on their hands, rather than raise interest rates this past week, stocks continued their 5 week rise into the close of Friday. We however will continue our portfolio, selecting one pick each month, no matter what the Fed decides in the future. Looking forward to the rest of the year, we can only hope the January lows are also the 2016 lows. However, there may be more of the same ups and downs as 2015. Stay in solid names, and continue on with the strategy if you're a subscriber.
Stay ready for any news, especially political, that could make a huge difference in the market for your investments outside of the Share Repurchase portfolio.
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Akeem The Dream
I enjoy discussing and learning about technology, stocks, sports, and beating my wife at Dominoes! As I learn, I love to share with family and friends so that we can share our knowledge. Thanks for being apart of the journey!