Below is a spreadsheet that highlights Mohnish Pabrai's moves this quarter. Please check-out our SeekingAlpha column for an analysis of the moves:
Carnival of road to financial independence #43
Frugal Living
Jailan Marie presents Letting go posted at Innovative Solutions For Positive Change, saying, "Letting go of the negative behaviors has been an energizing and positive life changing experience."Dr. Dean presents 100 Words On How To Become “Well To Do!” posted at Dr. Dean's TheMillionaireNurse.com Blog, saying, "Want to be financially successful? Check out this short mantra, and repeat it daily."
Tim presents Personal Finance: How to Retire Rich on Latte’s posted at BrilliantFinances.com, saying, "If you were to invest $2 a day into your retirement instead of buying latte's you would be suprised at the result."
Passive Income
Jeremy Biberdorf presents Importance Of Diversifying Online Business posted at Modest Money, saying, "In the blink of an eye, your online business can get turned on its head. It is incredibly important that you diversify both your traffic sources and income streams."Daniel Rosenstein presents Don’t Fall into the Student Loan Debt Trap | Miss Money Bee posted at Miss Money Bee, saying, "Student loans can be a double-edged sword. On one side, they may allow you to build a successful career, buy a beautiful house and form a family. On the other side, they can become a nightmare if you are unemployed or if your salary is too low to cover all your bills."
That concludes this edition. Submit your blog article to the next edition of carnival of financial independence using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.
Technorati tags: carnival of financial independence, blog carnival.
Stock Portfolio & Watch List Updates for May 2012
Following are the activity from the previous month:
a)
Closed the following longs: Sold our Kraft (KFT) position
at $38.57 for a 46% return and impact to the portfolio of 0.77%.
b)
Increased/Added the following longs: Bought Southern
Copper (SCCO) at $33.27 with ~1.5% of portfolio on 05/03/2012.
c)
Long Calls: None.
d)
Long Puts: None.
e)
Shorts: Bought to cover GMCR short at $47.67 for a 5%
gain and marginal impact to the portfolio.
f)
Short Calls: Our DBD covered calls were called away at
30 on 05/10/2012 for a slight loss. The net impact to the portfolio was (0.10%).
Opened new covered calls on half our position in MSFT (Aug 2012 31 @ 1.02),
half our position in INTC (Oct 2012 27 @ 1.67), and our entire position in CLWR
(Jan 2013 1.5 @ 0.35). The trades generated cash worth roughly 0.6% of
portfolio.
g)
Short Puts: 1. Wrote ABB Ltd (ABB Dec 2012 15) puts at
$0.65 on 04/30/2012 with a cash-coverage requirement of ~2% of portfolio, 2.
Wrote Quality Systems (QSII Sep 2012 30) puts at $2.15 on 05/08/2012 with a
cash-coverage requirement of ~1.5% of portfolio, and 3. Click Software puts
that we wrote (CKSW May 2012 7.5 @ 1.3) on 09/21/2011 expired worthless netting
cash worth roughly 0.3% of portfolio.
The cash position in our portfolio is at 35.19%.
Long/Short Portfolio
Update:

The overall portfolio is 1.84% down compared to our
cost-basis.
2012 Transactions
Summary:
Excluding dividends, we have a realized gain of 8.8% in the
portfolio YTD.
Option Position
Updates:
Short Puts: ABB
Ltd (ABB Dec 2012 15 @ 0.65) and Quality Systems (QSII Dec 2012 30 @ 2.15). The
short puts together have a cash coverage requirement of about 12.8% of our cash
position.
Short Calls: Nucor
(NUE July 2012 43 at $2.90), Itron (ITRI Aug 2012 40 at $4.20), Quality Systems
(QSII Sep 2012 45 at $2.70), Alcoa (AA Jan 2013 12.5 at $0.64), Market Vectors
Gold Miners ETF (GDX Jan 2013 59 at $6), Dryships (DRYS Jan 2013 2.5 at $0.65),
Microsoft (MSFT Aug 2012 31 at 31), Intel (INTC Oct 2012 27 at 1.67), and
Clearwire (CLWR Jan 2013 1.5 at 0.35). The short calls account for ~17.85% of
the portfolio.
Watch List:
Automatic Data Processing (ADP), Air Products & Chemicals (APD), Bank of
America (BAC), Beam Inc (BEAM), Bemis Company (BMS), Citigroup (C), Canon
(CAJ), Dell Inc (DELL), Emerson Electric (EMR), Forest Laboratories (FRX), J. C.
Penney (JCP), Jefferies Group (JEF), Kaman Corporation (KAMN), Coca Cola (KO),
McGraw Hill (MHP), 3M Company (MMM), PepsiCo (PEP), State Auto Financial
(STFC), Teva Pharmaceuticals (TEVA), and Whirlpool (WHR).
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Consumer Products - Best Value Reviews
- Roomba 700, 600 & 500 Series Comparison/Review
- Best Values in Shoot & Share HD Camcorders - A Comparative Review
- Digital Pianos (Yamaha, Casio, Roland, Kawai, Korg) - An introduction for Digital Piano Shoppers
- Younger Demographics, Economic Conditions Boost Payday Loans
- Best Values in Electric and Acoustic-Electric Guitars
- Best Values in Round-hole Steel Strung & Classical Nylon String Acoustic Guitars
- Guitars - An Introduction to the Different Types
- Tablet PCs - A Comparative Review
- Printers - Best Values - Comparative Review
- Best Values in eReaders - A Comparative Review
- Kindle eReaders - A Comparative Review
- Garmin Nüvi GPS - Review & Best Value Feature/Price Comparison
- Best Values in Digital Pianos (Portable) - A Comparative Review
- Best Values in Digital Pianos (Home - Non Portable) - A Comparative Review
- Yamaha Digital Pianos - An Introduction to Different Models
- Best Values in Yamaha Digital Pianos (Portable) - A Comparative Review
- Best Values in Yamaha Digital Pianos (Home - Non Portable) - A Comparative Review
- Best Values in Unlocked GSM Cellphones - A Comparative Review
- Best Value Portable Computers for Students (Laptops, Net Books, & MacBooks) - A Comparative Review
- Kids Video Game Software and Consoles – An Introduction for Frugal Families
- Online Tax Filing – TaxAct, TaxCut, Turbo Tax – User Experience Review
- Kindle 2 eBook Reader – A Frugal Take on the Digital Book Reading Device
- Acoustic Piano – Review, Best Value, Pricing, & Shopping Experience
- Best Values in Netbook & Notebook Computers - Feature/Price Comparison/Review
- Best Value Portable Media Players (Music, Video, Games, Apps) - A Comparative Review
Value Investing
- Cash holdings in an investment portfolio - strategies to squeeze income for value investors
- Kelly Criterion based Strategies for Value Investing
- Covered Call Strategy for Stable Income Portfolio
- Basics of Options and Futures for Value Investors
- Basic Options Strategies for Value Investors
- Basic Futures Strategies for Value Investors
- Short Selling Strategy for Value Investors
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beating inflation
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Travel Reviews
- Trip Report to Pattaya
- Kumarakom Daytrip Report
- Munnar Trip Report
- Holyland Trip - Gotchas to avoid
- Holyland Trip Report - Old Cairo - Day 8
- Holyland Trip Report – Suez Canal, Cairo - Day 7
- Holyland Trip Report – Egypt – Red Sea, Sinai (Day 6)
- Holyland Trip Report – Israel – Jerusalem, Jericho, Dead Sea (Day 5)
- Holyland Trip Report - Israel - Jerusalem (Day 4)
- Holyland Trip Report - Israel - Nazareth, Cana, Tel Aviv, Jaffa, and Bethlehem (Day 3)
- Holyland Trip Report – Israel - Yardenit, Tiberias, Tabgha, Cappernaum, Ginosar, Sea of Galilee (Day 2)
- Holyland Trip Report - Jordan - Mount Nebo, Madaba - Day 1
- Day Trip to Tripunithura Hill Palace
- Day Trip to Bolgatty Palace and Vicinity
- Day Trip to Fort Kochi
- Atlantic City Hotel Deals and Casino Offers
- Vegas Hotel Deals and Casino Offers
- Reno Hotel Deals and Casino Offers
- Enjoying Yosemite Valley with Kids - A Trip Report
- Oahu, Hawaii Flora & Fauna - A Trip Report
- Oahu, Hawaii Hiking - A Trip Report
- Oahu, Hawaii Attractions - A Trip Report
- Everglades National Park - A Trip Report
- Key West, FL - A Trip Report
- Kennedy Space Center - A Trip Report
- Sites of Vancouver - A Trip Report
- Sites of Seattle - A Trip Report
- Cruise to Baja - A Trip Report
- Attractions along the 17-mile drive - Trip Report
- Best Sites of Grand Canyon & Las Vegas - Trip Report
- Best sites of Mount Shasta & Crater Lake - Trip Report
- Best sites of Washington D.C. - Trip Report
- Best sites of Philadelphia - Trip Report
- Pumpkin Festival in Half Moon Bay - Trip Report
- Fleet Week in San Francisco - Trip Report
- Sites of Manhattan & Statue of Liberty - Trip Report
- Sites of Niagara Falls, NY - Trip Report
- Vacationing in Cancun - Gotchas to avoid for frugal travelers
- Day tour to Chichen-Itza
- Cancun Trip Report
- Cherry Picking in Brentwood - A Frugal Take
- Camping at Turlock - A Trip Report
- Dallas Arboretum Trip Report
- Houston Space Center Trip Report
- Best sites of Ireland - Trip Report
- Best Sites of Edinburgh - Trip Report
- Lake Tahoe Ski Areas (Granlibakken, Tahoe Donner, Boreal, Homewood, Kirkwood, Heavenly, Squaw) – A Comparative Review (Deals, Packages, Vacations)
- Best sites of London & Cambridge - Trip Report
- European Vacation – Gotchas to avoid and frugal options for cost conscious American Visitors
- Sites of Eastern Canada - Toronto, Ottawa, Montreal - Trip Report
- Angel Island, CA Trip Report/Review
- Six Flags Discovery Kingdom, Vallejo – Trip Report/Review
- Camping at Brannan Island State Park, CA – Review
- Avenue Of The Giants – Trip Report/Review
- Sites of Mendocino, Fort Bragg, CA - Trip Report/Review
- Lawrence Hall Of Science, Berkeley
- Montecito-Sequoia Lodge, Kings Canyon National Park
- Sears Tower, Chicago, IL
- Meramec Caverns, Stanton, MO
- Great America Santa Clara
- Santa Cruz Beach Boardwalk
Stock Analysis
- Procter & Gamble (PG) - Quick Take
- Tracking Seth Klarman's Baupost Group Portfolio: Q4 2011 Update
- Tracking Soros Fund Management Holdings
- Tracking Bill Ackman's Pershing Square Holdings
- Tracking Bruce Berkowitz's Fiarholme Fund Holdings
- Kelly Criterion based strategies for value investing
- Covered Call Strategy for Stable Income Portfolio
- Berkshire Hathaway US stock portfolio ten-year performance
- David Einhorn's Holdings - PART III - the Shorts
- David Einhorn's Holdings - PART II - the Longs
- Tracking David Einhorn's Greenlight Capital Holdings - PART 1
- Valuing Growth Stocks - Introduction to a Dividend Discount based model
- Analysis of Google's 3rd Quarter Report and Fair Value Estimates
- Tracking Stocks in Mohnish Pabrai's Investment Funds: Part 2
- Tracking Stocks in Mohnish Pabrai's Investment Funds: Part I
- Mohnish Pabrai's Views on How to Buy and Sell Stocks
- Quick Take on Frontline Limited (FRO)
- Valuing Berkshire Hathaway (BRK.A) Stock
- Tracking Berkshire Hathaway's Investment Portfolio - Part 3
- Tracking Berkshire Hathaway's Investment Portfolio - Part 2
- Tracking Berkshire Hathaway's Investment Portfolio - Part 1
- Introduction to Fair Value Estimates for our stock reviews
- National Presto (NPK) - Stock Analysis
- Giant Interactive (GA) - Stock Analysis
- Demand Media (DMD) - Stock Analysis
- CA Technologies (CA) - Stock Analysis
- Quality Systems Inc (QSII) - Stock Analysis
- Praxair (PX) - Stock Analysis
- VF Corporation (VFC) - Stock Analysis
- Qiagen NV (QGEN) - Stock Analysis
- Family Dollar (FDO) - Stock Analysis
- Introduction to a new quantitative component for our stock reviews – the OFB factor
- Fair Isaac Corporation (FICO) - Stock Analysis
- Southwest Airlines (LUV) - Stock Analysis
- eBay (EBAY) - Stock Analysis
- Triple Leveraged ETFs - An Introduction
- Mutual Funds and Exchange Traded Instruments (ETF, ETN, CEF) - An Introduction
- Our Fannie Mae (FNM) Investment – A Case Of Escaping With Minor Wounds!
- Dry Bulk Shipping Companies & Baltic Dry Index (BDI) – Comparative Stock Analysis
- CanRoys (ENT, AAV, BTE, HTE, PVX, PGH, ERF, PWE) – A Comparative Analysis
- BDCs (ACAS, ALD, MCGC, PSEC) – A Comparative Analysis
- Central Europe & Russia Fund Inc. (CEE) Analysis - Revisited
- Trina Solar (TSL)
- Excessive Executive Compensation - Analysis
- Anthracite Capital (AHR)
- Small Caps In Our Portfolio - An Update
- MCG Capital (MCGC)
- Visa (V) IPO – Comparative Valuation Analysis - MasterCard (MA) and American Express (AXP)
- Philip Morris International (PM) spin-off - An analysis
- LDK Solar (LDK)
- SCO Group's Private Equity Plan - An Analysis
- Harvest Trust Energy (HTE)
- Google vs Microsoft - The Ad Wars – A Contrarian Viewpoint
- Owning Cypress Over SunPower Makes Sense; EMC Over VMware Doesn't
- iRobot Corp. (IRBT)
- Advantage Energy Income Fund (AAV)
- Itron Inc. (ITRI)
- ClickSoftware (CKSW)
- Solar Manufacturer Comparison (STP, TSL, YGE, CSIQ)
- Asure Software (ASUR)
- Google (GOOG)
- ValueClick (VCLK)
- St. Joe Companies (JOE)
- Central Europe & Russia Fund (CEE)
- Suntech Power Holdings (STP)
- Patni Computer Systems Limited (PTI)
- Local.com (LOCM)
Kids
- Best Value DVDs for Kids by Age Group - a 2011 List
- Optometry Admission Test (OAT) Exam Prep Books and Resources - ISBNs and Best Prices
- Dental Admission Test (DAT) Exam Prep Books and Resources - ISBNs and Best Prices
- MCAT Exam Prep Books and Resources - ISBNs and Best Prices
- LSAT Exam Prep Books and Resources - ISBNs and Best Prices
- GMAT Exam Prep Books & Resources - ISBNs and Best Prices
- GRE Exam Prep Books & Resources - ISBNs and Best Prices
- TOEFL Exam Prep Books & Resources - ISBNs and Best Prices
- ACT Test Prep Books & Resources - ISBNs and Best Prices
- EXPLORE/PLAN Test Prep Books & Resources - ISBNs and Best Prices
- SAT Exam Prep Books & Resources - ISBNs and Best Prices
- PSAT Test Prep (NMSQT) Books & Resources - ISBNs and Best Prices
- College Level Examination Program (CLEP) Test Prep Books & Resources - ISBNs and Best Prices
- Advanced Placement (AP) Test Prep Books & Resources - ISBNs and Best Prices
- Read-aloud Books for Infants - A Compilation with ISBNs & Prices
- Summer Reading List for High School Students - A Compilation with ISBNs & Prices
- Summer Reading List for Middle School Students - A Compilation with ISBNs & Prices
- Summer Reading List for Elementary School Students - A Compilation with ISBNs & Prices
- Summer Reading List for Kindergarten & Preschool Kids - A Compilation with ISBNs & Prices
- Advanced Placement (AP) CD/DVD/Kindle Versions of Textbooks & Resources - ISBNs, Used, and List Prices
- Advanced Placement (AP) Teacher's Edition Text Books & Resources - ISBNs, Used, and List Prices
- Advanced Placement (AP: 9-12) Textbooks, Guides, Workbooks, and Resources - ISBNs, Used, and List Prices
- Online Media (CD/DVD) Versions of High School Textbooks & Resources
- High School (9-12) Teacher's Edition TextBooks & Resources – ISBNs, Used, and List Prices
- High School (9-12) Textbooks, Guides, and Workbooks – ISBNs, Used, and List Prices
- Online Media (CD/DVD) Versions of Middle School Textbooks & Resources
- Middle School Public School Textbooks - Teacher's Editions and Resources – ISBNs, Used, and List Prices
- Middle School Public School Textbooks, Guides, and Workbooks – ISBNs, Used, and List Prices
- Media/Online Versions of Elementary Public School Textbooks, Guides, Workbooks, and Assessment Resources – ISBNs, Used, and List Prices
- Frugal Options for Families with Kids during Summer Months
- Kids Video Game Software and Consoles – An Introduction for Frugal Families
- Kids With Special Needs and Learning Disabilities – Teaching and Student Educational Resources
- Elementary School Guides, Workbooks, and Assessment Resources – ISBN, Used, and List Prices
- Elementary School Textbooks – ISBNs, Used and List Prices – Teachers and Home School Editions
- Elementary Public School Textbooks - ISBN Numbers, Used And List Prices
- Tahoe Donner Skiing - Family Experience/Review
- Introducing Kids to Snow Sports (Sledding/Skiing) in the Lake Tahoe Area
- How to ace kindergarten screening (assessment test) at private schools?
- Teaching Kids The Three R's
- Teach your kids Piano with learn piano online for free – well, almost!!
- Summer Reading List for High School Students - A Compilation with ISBNs & Prices
Everyday Musings
- Romantic Era Music (1815-1910) - An Introduction
- Classical Era Music (1730-1820) - An Introduction
- Baroque Era Music (1600-1750) - An Introduction
- Renaissance Era Music (1430-1600) - An Introduction
- Medieval Era Music (500-1450) - An Introduction
- Flexible Spending Accounts (FSA) – Great Benefit with a few caveats!
- Writing Covered Calls against Employer Stock Plan Shares (ESPP, Restricted Stock, and Stock Options) – A Primer
- Amazon Kindle 2 eBook Reader - A critical look
- Amazon.com Customer Service – Jeff Bezos backtracks on 30-day price guarantee policy!
- Avoiding Car Maintenance Trip falls – Oil-Changes, Tune Ups, and Tire Rotation/Balancing
- Yahoo Offer Withdrawal: Microsoft Finally Coming Back To Their Senses
- SCO vs Novell – Darl McBride’s Ludicrous Testimony
- FEIT Electric Energy Saving Bulbs – Consistently Low Quality!
- Employee Stock Purchase Plan (ESPP) - Immediate Selling Strategy
- Realizing Long-Term Capital Gains With Stock Based Compensation
- De Beers Diamond Settlement – An Opportunity To Get Back Up To 59% Of Your Retail Purchase Price
- OPEN Event From American Express and SCORE – A Free Resource For Small Businesses!
- Smart Money Stock Picking Tournament - Our Selections
- A Look At Our Insurance Choices
- LDK Solar Q4 Call - Incompetence & Animosity All Around
- Amex Costco True Earnings, Chase Amazon Visa, and Costco Executive Membership – A Reward Combination We Missed Out On
- IRBT – ConnectR Delays Highlight Growing Pains At iRobot
- Stock Based Compensation Tax Optimization Strategies
- 401K/IRA Retirement Account Asset Allocations for 2008 – Part 2 – Rollover IRA Accounts
- Turbo Tax Price Increase Over The Years - A Comparison
- 401K/IRA Retirement Account – Part 1 – Current Employer Accounts
- ARM vs Fixed Rate Mortgages: Fed Discount and Funds Rate Connection - 01/08
- Random Musings on Apple products after Steve’s MacWorld 2008 Keynote
- The SINLetter.com Stock Contest
- Top 10 InternationalStocks
- Top 10 Stocks With High Dividend Yield (>7%)
- Top 20 Micro Cap Stocks In Our Radar
- Top 20 Small Cap Stocks In Our Radar
- Top 20 Mid Cap Stocks In Our Radar
- Top 10 Large Cap Stocks In Our Radar
- Stock Selection 101 - A Look At How We Select Stocks
- Our Small Cap Investing History - A Story Of Missed Opportunities
- 9V To AAAA Battery Hack Test With Rechargeable Batteries
- Solar Green Power – Should you install a Photo Voltaic (PV) module in your house?
- CFL light bulb humming or Digital Clock running fast – household alert!

