11 Jun Portfolio Update – May 2018
The DVI Portfolio was up another 3% during the month of May, driven by good performance in my investments in retail and insurance. During the month of May I realized profits in one of our retail decisions, which is up over 100% over the past several months. I also booked profits in my insurance investments – I sold off 20% of one my long-term holdings and used those proceeds to keep our cash holdings above 25%, and for new investments in insurance, consumer goods and commodities.
DVI’s outperformance of the major indices continued and $10,000 invested according to the DVI strategy would be worth $37,000 today, versus $22,000 for the S+P, $17,000 for the Dow 30, $26,000 for the Nasdaq and only $12,000 for the TSX in Canada.
There appears to be ample opportunities to make strong investments in the current market. While there is a high-degree of uncertainty, mainly due to trade battles, corporate profits are strong and values remain quite low for a number of sectors. While I am bullish on the stock market at this point, I am holding 25% of the portfolio in cash.