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The Official 20s Money Portfolio

19 June 2008 6 Comments

At 20s Money, my goal is not to prove to you how good of an investor I am. There are better investors out there. My goal is to be transparent about my own investment decisions and help you learn from my successes and mistakes. With that said, it is time to reveal my complete portfolio to you. You can see my positions and the weight of each one in my overall portfolio.

Below you will find my complete portfolio. It will be my goal to update you periodically on my portfolio, detailing my thoughts and actions each time.

Apple (AAPL) 32.56%
Chesapeake Energy (CHK) 22.72%
Philip Morris Int’l (PM) 10.63%
Marvel Entertainment (MVL) 9.64%
Veolia Environment (VE) 5.00%
WisdomTree Dreyfus Chinese Yuan (CYB) 3.58%
Claymore S&P Global Water (CGW) 3.47%
Altria (MO) 1.90%
Cash 10.51%


Recent Activity

As I have talked about in recent posts, I have recently cut down my positions in Apple (AAPL) and Chesapeake Energy (CHK). Even so, they are still my two largest holdings. Because of these moves, I have over 10% in cash now. I will be patient in waiting for more buying opportunities.

I have also recently created initial positions in Veolia Environment (VE), Marvel Entertainment (MVL), and the Chinese Yuan ETF (CYB). VE and MVL are down since I have bought, but we’ll see where those go and if I add to the positions if they continue to drop.

Future Moves

Ideally, I want Philip Morris (PM) to be a bigger chunk in my portfolio. I am definitely looking for good buying opportunities and honestly, now is probably a good one for PM. I’ll let you know if I pull the trigger.

6 Comments »

  • Chris said:

    I know you like VE, and I like that it is down right now, and I agree with your belief that water will be a valuable resource in the future. I am just wondering why VE and not another water company? Do you think the dividend is sustainable? They don’t seem like a typical utility, but more like an infrastructure play, would you agree? What are the potential issues facing them for success? I was just hoping to hear more thoughts on each of the investments you have picked and why?

  • kevin duffey said:

    Chris:

    I like the infrastructure or water systems area as a way to invest in the water play. Veolia is a global leader in this area. I think they are poised to capitalize on emerging markets needing to get clean water to lots of people. This mostly applies to China, but also applies to the Middle East and Africa.

    Veolia has steady income and revenue across their businesses. Also, with many analysts projecting VE’s earnings to grow at a rate of 13% annually over the next 5 years, I think the dividend is safe.

    It’s a long term play. Hopefully the stock continues to drop, and I add to my position.

    Thanks for the comment

  • Tony said:

    Why would you cut your positions in CHK when Aubrey McClendon keeps buying, and so does VegasSnitch.com? Neither has been wrong yet, and they have been buying since the stock was in the teens.

  • kevin duffey said:

    Tony:

    Well, Aubrey always makes me look stupid by buying TONS of shares immediately after I sell some shares.

    The fact is that I am in need to protect my profits more than him. My belief is that there will eventually be a correction in natural gas and nat gas stocks like Chesapeake. The movement has turned parabolic and these movements usually end ugly at some point. I could definitely be wrong which is why I haven’t sold my entire position. See above its still my second largest holding.

    The other thing to consider is that Aubrey many times is simply reinvesting his dividends when he buys the more CHK shares. This doesn’t diminish how great it is for the CEO to continue to buy, but it is worthwhile to consider.

    Great stock with great long term potential. I try to stick to my guns in that it is never wrong to take a profit. I will be watching, like you will be, to see if the natural gas trend continues higher.

    Thanks