Kraft Foods Inc. (KFT) was bought yesterday at $30.72 to add about 50% more shares to our existing holdings. Consumer Staples should hold up well in an inflationary environment and Kraft is attempting a turnaround.
We also added about 20% more cash to our Investment portfolio yesterday. More opportunities for stock picking should materialize going forward as stocks become affordable in the current market correction. The cash was tapped by liquidating I Bonds held in a Treasury Direct account. With this change in allocation, the cash portion of our assets has dwindled to about 11% of our total assets. Individual stock portfolio allocation has gone up to about 12% of our total assets.
Below is our updated portfolio:
| Stock | Buy Date | Buy Price | Current Price | Current % Of Portfolio | Unrealized % Return | Current Yield |
| Philip Morris (MO) | 1/4/2005 | 46.54 | 70.78 | 10.48 | 52.08 | 3.90 |
| Kraft Foods (KFT) | 1/4/2005 | 21.11 | 30.17 | 4.47 | 25.53 | 3.30 |
| Plum Creek Timber (PCL) | 5/12/2005 | 35.5 | 40.31 | 8.96 | 13.54 | 3.60 |
| Pfizer (PFE) | 2/6/2006 | 25.15 | 20.61 | 6.11 | (18.07) | 5.60 |
| ICICI Bank (IBN) | 5/18/2006 | 27.57 | 35.52 | 7.89 | 28.82 | 0.80 |
| Taiwan Semi (TSM) | 7/27/2006 | 8.71 | 9.83 | 7.28 | 13.00 | 3.60 |
| Advantage Energy Fund (AAV) | 11/2/2006 | 11.22 | 10.77 | 5.18 | (4.05) | 16.80 |
| SunTech Power (STP) | 3/14/2007 | 36.73 | 32.67 | 4.35 | (19.95) | None |
| Central Europe & Russia Fund (CEE) | 6/28/2007 | 51.5 | 46.62 | 6.91 | (8.65) | 17.90 |
| Patni Computers (PTI) | 8/10/2007 | 20.85 | 10.94 | 4.05 | (47.57) | 0.80 |
| Itron Inc. (ITRI) | 11/07/2007 | 85.01 | 91.72 | 6.79 | 7.77 | None |
| Anthracite (AHR) | 11/09/2007 | 7.97 | 6.55 | 4.85 | (17.82) | 15.60 |
| ClickSoftware (CKSW) | 11/09/2007 | 4.61 | 2.66 | 1.97 | (42.30) | None |
| Harvest Energy (HTE) | 11/28/2007 | 21.01 | 23.07 | 6.83 | 9.78 | 16.30 |
| iRobot (IRBT) | 12/18/2007 | 18.65 | 19.18 | 4.62 | 2.84 | None |
| MCG Capital (MCGC) | 12/21/2007 | 11.86 | 9.52 | 4.23 | (19.71) | 15.00 |
| LDK Solar (LDK) | 01/22/2008 | 30.49 | 22.63 | 5.03 | (25.79) | None |
| Cash | 27.04 | |||||
| Total Portfolio | (2.78) |
- For SunTech Power (STP), we wrote a covered call option for 2008 March 45 on 10/15/2007 at $5.
- For Taiwan Semiconductor (TSM), we wrote a covered call option for 2008 April 12.5 at $0.35 on 10/18/2007.
- For LDK Solar (LDK), we wrote a covered call option for 2008 March 40 at $3 on 2/13/2008.
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