Dividont's!

Members present: Brian, Bickford, Yousef

The Dow just changed. Kraft is out, and some medical company is in. The managers in charge of the Dow Industrial Average must think that this change will best represent the market as a whole, but we're not really certain.

Europe is still trying to sort things out, but the market seems mollified for the moment.

One of our members has a goofy onestock.com share of Apple in a nifty frame--it was a wedding present, and he has been ignoring the thing's actual value for some time. However, he's not collecting dividends on the thing. He needs to look into that, and figure out what his most highly-valued piece of art can do for him. This also means that he has taxable income from those dividends, which in turn means that he will need to report those dividends.

Our portfolio is moving up.

ENZL has moved up about $3.50 since we purchased!
SPY is at an all-time high for up (purchased at $119), currently at $147

There are two ways we can play the exit strategy for SPY:
1. Buy and hold until the KOL finance portfolio is done...when we retire forever from video boxing.
2. Or we could sell constantly (this makes tax stuff a little more complicated, however we need to consider dividends anyway).

EWZ...ugh. Diversity appears to have bitten us there.

However, here's the breakdown of our meager portfolio. You will notice a 7% gain in the value, which should take into account dividends being rolled back into more shares (or portions of shares).

The positions listed below represent your holdings as of the previous market’s close. Market values are delayed by at least 15 minutes.

		Symbol/ CUSIP	Security Description	Quantity	Acquired Date	Holding Period	Average Unit Cost	Cost	Market Price	Market Value	Unrealized Gain/Loss	% Gain/Loss	Covered
		ENZL	ISHARES TR ZEALAND INVST ZE	16.0000	08/09/2012	Short Term (329)	$31.1375	$498.20	$33.4620	$535.39	$37.19	7.47%	Covered
		EWZ	ISHARES INC BRAZIL INDEX FD	6.0000	05/27/2011	Long Term	$75.1467	$450.88	$57.0600	$342.36	-$108.52	-24.07%	Non-Covered
		SPY	SPDR TR UNIT SER 1	4.0000	11/15/2010	Long Term	$122.3200	$489.28	$147.2400	$588.96	$99.68	20.37%	Non-Covered
		T	AT&T INC	16.0000	12/27/2011	Short Term (103)	$30.3175	$485.08	$37.2600	$596.16	$111.08	22.90%	Covered
	** Total All Asset Classes							$1,923.44		$2,062.87	$139.43	7.25%

It's nice to see some positive movement in the portfolio, even if it is just inflationary.

If we would have invested all of our lot in SPY, we would have been up 20%. However, if we would have gone all-in with EWZ, we would have been down 24%. Diversifying may take away those dizzying highs, but it also mitigates the doldrums.

Profit!