[wikichart align=”right” ticker=”INDEX:DJI” showannotations=”false” livequote=”true” rollingdate=”6 months” width=”300″ height=”245″]
For the first time in nearly three years, the Dow Jones has closed above 13,000 points. SMIF has positions in several of the equities on the Dow, including American Express, Chevron, GE, Intel, IBM, Coca-Cola, and Verizon.
To date, the SMIF portfolio stands at $936,339.63, aided in part over the last week by Las Vegas Sands, Apple, and Intel.
Today in Class: We discussed the online presence of SMIF (on Twitter, Facebook, and this website), heard the accounting report, discussed filling out sectors with ETFs, and presented additional Buy/Hold/Sells.
Accounting Report, click here for full report. Notably we were called out on AFL and EBAY and are currently holding over 55% of the portfolio in cash.
- EMB by Tom: Hold
- VTR by Alec: Hold
- AAPL by Arvi: Hold
- AXP by Vince: Hold
- FSTR by Ryan: Hold
- TIP by Brendan: Hold
- BMY by Oliver: Hold
- DEO by Stefanie: Hold
- INTC by Jordan: Hold
- KO by Erin: Hold
- LVS by Erin: Hold
- BLK by Lindsay: Hold. The class also decided to sell (20-0-1) April $195 calls.
- UPS by Jeff: Sell. The class voted to sell (21-0) all shares at $74.98. This decision was reached due to worries about Europe and Asia, influenced in part by the IMF’s recent forecast of growth cuts globally.
- GLD by Will: Hold
- SCCO by Will: Hold