Performance Update - YTD through June 20, 2014

The Chump portfolio continues to chug along in 2014, increasing its lead over the benchmark S&P 500 year to date.

Here is the performance of several indices through Friday, source is Morningstar, and returns include reinvested dividends:

The best performing index is the S&P 500, with a YTD return of 7.24% with dividends reinvested.  Interestingly, most money managers report the S&P 500 without dividends reinvested, which is disingenuous at best.  Here are a few examples:

• M* (above) 7.24%
• CNN Money reports 6.11% YTD
• From YCharts, I calculate the return as 6.46%
• Yahoo Finance, 4.78%
• Etc....  pretty hard to find accurate data, which is a bit surprising

At any rate, the Chump IRA finished Friday at a new record high, with a YTD return of 10.74%.  So regardless of the benchmark, my IRA is beating it pretty handily.  Using the 7.24% from M*, Chump is beating by 3.5% absolute, or by 48.34% when you calculate percentage outperformance.

Here is summary of activity the past two weeks:

• Closed my position in INTC (see blog on this topic)
• Grew cash position to around 3.5 %
• Received dividends from CSX, DOV, MCD, and O all of which were reinvested
• Started a 1/3 position in Baxter (BAX)

Best,

Chump