Painted Hills – Central Oregon
We end July 2024 with an update of the Millikan portfolio. This Sector BPI account is performing quite well when compared to the SPY benchmark. Little has changed within the sectors as there are no new buy recommendations and Consumer Staples is not overbought. I did not include the Manual Risk Adjustment worksheet in this update as there are no changes recommended.
Millikan Security Holdings
To use available cash I have limit orders positioned to pick up shares of VOO at 3% and 5% below the current price. This is higher than I prefer to pay due to the strong U.S. Equities market this morning.
At this point in the election cycle I’m not opposed to carrying a significant percentage in cash for several reasons. Without getting too political, I have concerns regarding key election officials positioned to deny certification of election results if they do not show a victory in their favor. These officials have the capacity to throw a spanner in the gears of the election results thus causing election chaos. A second reason is the potential threat of violence not dissimilar to January 6th 2021.
To protect capital I have been placing TSLOs under a number of equity holdings. Reasonable TSLO settings range from 5% to 8%.
Millikan Performance Data
Since 12/31/2021 the Millikan continues to outperform the S&P 500 and the SPY investable benchmark. While the lead is not wide, it is encouraging as we continue to employ the Sector BPI investing model with the Millikan. The performance gap is even wider when compared with other potential benchmarks.
The performance data comes from the commercial software program, Investment Account Manager.
Millikan Risk Ratios
The Millikan has been managed under the Sector BPI model for 20 months. While the Jensen has been positive over the past year the trend is down slightly. For most of this time only Consumer Staples has occupied the portfolio. Otherwise it has been populated by VTI and VOO.
Millikan Sector Portfolio Report
How well is the Millikan performing over the period when using the Sector BPI model? The Internal Rate of Return (IRR) is 59.3% for the Millikan and 35.6% for the SPY benchmark.
Millikan Sector BPI Update: 20 July 2023
Millikan Sector BPI Portfolio Review: 10 May 2024
Tweaking Sector BPI Plus Investing Model: Part II
Questions and Comments are always welcome.
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Tomorrow the Carson (oldest Sector BPI portfolio) will be updated followed by the Copernicus on Friday. The Copernicus is an equity only portfolio where the objective is to match or outperform the S&P 500.
Lowell