It’s time to reflect on some
of my trades from 2013. I like to focus on my losers as those are the ones that
can really hurt ones performance. I lost a little bit in Jones Group, Moneygram
International and Optimer Pharmaceuticals. I should have been a little more
patient with the Jones Group and let the buy out process work itself out. I cut my
losses in Moneygram International and Optimer Pharmaceuticals, which turned out
to be the right thing to do. And the Genzyme Contingent Value Rights, which I
held until the FDA decision, was the one that I should of sold earlier in
hindsight.
Looking back, I ask myself the question: Would I have done anything
differently? The answer is: No. I felt I did a decent job in managing my
overall risk and was able to generate a satisfactory return.
For 2013 I generated a total
return of 44.61%. The running
monthly returns are as follows:
January -0.3%
February +4.67%
March +5.03%
April +5.13%
May +5.13%
June -0.37%
July +2.3%
August +3.3%
September +6.39%
October +6.92%
November +2.25%
December +4.16%
I am pleased with my
performance for 2013 considering that I had a good amount of Apple, which held
back my performance a bit. I maintained a balanced approach in which the
portfolio was comprised of large cap growth stocks and special situation plays.
The special situation plays such as merger buyouts helped to lower my volatility
and generate some positive alpha.
These past few years have
been very good and it’s probably time to take my feet of the petal just a bit.
But we’ll see what opportunities develop…
I guess that’s a wrap for 2013. Have a Very Healthy, Prosperous
and Happy New Year!
