"Too many of us look upon Americans as dollar chasers. This is a cruel libel, even if it is reiterated thoughtlessly by the Americans themselves."
-- Albert Einstein
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May 26, 2009
Updown Performance = -16.4%
My Updown account is currently down 16.4% in total. Annualized the past year has been at -14.6%. This is better than my last report when I was down -20%.
The S&P 500 is down -33% in the same period so since March 2008, I'm beating the S&P 500 by 17%.
I haven't made any major changes in my portfolio lately. The market has been rebounding somewhat this year. So thats part of why I've done a bit better than previously. Another reason I'm doing a little better is that the stocks I've bought have been paying dividends. I've got about 1.5% yield so far in 2009 from dividends.