UpDown Performance for 2014

Once in a while I remember that I have an Updown portfolio.  Quite a while ago back in 2008 I started my portfolio at Updown and then I played and tracked my stocks pretty regularly for a while.   Then I got busy, lazy, forgot, and then I neglected it.   The portfolio has been sitting there since without any active trades for a while.

My annualized return 11%
Total performance + 77.8%

Monthly and total performance for 2014 :

	Freeby50	S&P 500	diff.
Jan-14	-1.9%	-3.6%	1.7%
Feb-14	1.3%	4.3%	-3.0%
Mar-14	2.7%	0.7%	2.0%
Apr-14	0.5%	0.6%	-0.1%
May-14	0.3%	2.1%	-1.8%
Jun-14	0.6%	1.9%	-1.3%
Jul-14	0.3%	-1.5%	1.8%
Aug-14	2.5%	3.8%	-1.3%
Sep-14	-1.70%	-1.60%	-0.1%
Oct-14	-0.20%	2.30%	-2.5%
Nov-14	2.40%	2.40%	0.0%
Dec-14	2.10%	-0.40%	2.5%
Cumulative	9.10%	11.20%	-2.1%

Again I got beat by the index.  

My portfolio returned 9.1% in the year and the S&P500 gained 11.2%.

My portfolio wasn't build for a buy and hold strategy initially.   Maybe if I'd set out to have a long term buy and hold portfolio I might have done better, but I really don't know.   As it is, my portfolio wasn't setup so that it would be safe to let it sit neglected for years.

There isn't any real point to this now.   I'm honestly just tracking it out of curiosity sake to see how a neglected portfolio of stocks might perform over the years.


Cash in my account is now up to about 16% of my holdings.   Thats not intended and has happened due to dividend payouts going straight into cash and then sitting there doing nothing.     I figure that if I'd have been fully invested then my return would have been ~0.7% better give or take.


In my current portfolio my best pick is now WDC which is up 156%.   I paid 41.82 in April 2011 and its now at 106.37   Updown says my worst is SB which is down 33%.  But its a little complex and I'm not sure its as simple as Updown thinks.  I bought some, sold some and then bought some.   For the stock I bought it cost me 8.09 and now its down to 3.75.  However I sold some of my holdings at 9.60.

I also did pretty well with HPT.  I originally bought at 10.08 in  Oct '08.   I then sold most of it off for 20-26 range from Dec. '09 to April '10.   I more than doubled my money in that time period and I still have about 10% of the shares I originally bought currently trading at $32.71.

I've got other stocks in my trading history that I no longer own like HOG and others.   But I'd have to go do more research to see what all I traded in and how they performed.  I know I nearly doubled my money in HOG.



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Updown performance so far in 2014

I totally forgot about my Updown portfolio.   I haven't written about it since September 2013.   I don't recall the last time I even logged into the account.   I clearly haven't been actively managing the account.

Here's how my portfolio has compared to the S&P 500 so far in 2014 :

	Freeby50	S&P 500	diff.
Jan-14	-1.9%	-3.6%	1.7%
Feb-14	1.3%	4.3%	-3.0%
Mar-14	2.7%	0.7%	2.0%
Apr-14	0.5%	0.6%	-0.1%
May-14	0.3%	2.1%	-1.8%
Jun-14	0.6%	1.9%	-1.3%
Jul-14	2.1%	1.0%	1.1%
SUM	5.6%	7.0%	-1.4%

The S&P500 index is beating me by 1.4% thus far for the year.

I'm still ahead of the S&P500 for the entire portfolio history.      I'm up 77% total and the S&P500 is up 49%.   However most of the difference there was in the first couple years when I was really actively playing the portfolio and managing it.   For 2011 to 2014 I've underperformed the S&P500 by about 10% total.

I also have 16% of my portfolio in cash.   That will cause me to lag the performance of the index by a ways since only 84% of my money is actually in the market.     So for example if I had 7% gains in the year on my stocks like the S&P500 then my portfolio would only be up 84% of that or 5.88%.   SO the asset distribution I've got of 16/84 cash vs stocks does explain some of why I lag the index.   The cash was mostly thrown off by dividend payments as I've had a high dividend yield investment strategy in general.  Updown doesn't seem to have anyway to do dividend reinvestment which is a pity.

About 60% of my stock holdings are in just 5 stocks T, WDC, BA, MSFT, MRK.   I can't for the life of me remember why I bought those stocks, but thats most of what I own in the portfolio.   I am sure I had some logical reason to buy those at the time, but who knows that those reasons are now.  I haven't looked at them lately so I don't know if they're stocks I'd own right now.   T & BA each did worse than the S&P500 so far in 2014 but WDC, MSFT & MRK have outperformed the index.    The other 40% of my holdings are a mixed bag of 14 other stocks.   Again I now don't remember why I bought any of them.

So this is what happens if you neglect your investments.  I end up with a pile of stocks I bought which I may or may not feel are worth owning today, I have too much money sitting idle in cash and I get beat by the S&P500 index.

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Updown performance March to September 2013

Apparently I haven't talked about Updown since January.    I didn't realize its been that long, but it has.  Last time I talked about my Updown portfolio was a summary of 2012.   For 2012 I underperformed the S&P500 by 3.7%.   But I was pretty much ignoring the portfolio.   And I've still been totally ignoring my Updown portfolio this year as well.

Here is my monthly performance vs the S&P500 for the past 6 months in 2013 :

	Freeby50	S&P 500
Mar-13	4.2%	3.6%
Apr-13	4.7%	1.8%
May-13	-0.4%	2.1%
Jun-13	0.3%	-1.5%
Jul-13	1.4%	5.0%
Aug-13	-2.9%	-3.1%
Sep-13	3.8%	5.7%

Cumulative change is +11.4% for me and +14.1% for the S&P500.

Again the S&P500 is handily beating my neglected portfolio of fake money that I'm not paying any attention to.

Since I'm not actively managing or even monitoring the portfolio it doesn't really mean a whole lot.   Really the only story at this point is that you can't expect a stock portfolio to do well if you neglect it.

On the other hand I'm still beating the S&P500 long run.   Since I started in March 2008 my stocks are up 56.2% and the S&P 500 is up 29.8%.  So even with my recent under performance and neglecting the portfolio I can claim I've done a good job with the stock choices.   However it could just be luck.

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UpDown Performance for 2012

I have not  been actively trading in Updown this year. I only made two trades all year long and those were back in February. Even so, I wanted to keep track of my positions and see how well they've done.    My summary of performance for my portfolio versus the S&P is shown below.

My last update covered June through August 2012.

Here is my monthly performance for the entire 2012 year :

	Freeby50	S&P 500	diff.
Jan-12	2.8%	4.4%	-1.6%
Feb-12	2.4%	4.1%	-1.7%
Mar-12	2.0%	3.1%	-1.1%
Apr-12	-0.4%	-0.8%	0.4%
May-12	-1.6%	-6.3%	4.7%
Jun-12	3.9%	4.0%	-0.1%
Jul-12	4.4%	1.3%	3.1%
Aug-12	-1.3%*	2.0%	-3.3%
Sep-12	1.1%	2.4%	-1.3%
Oct-12	-2.4%	-2.0%	-0.4%
Nov-12	-1.8%	0.3%	-2.1%
Dec-12	0.4%	0.7%	-0.3%
SUM	9.5%	13.2%	-3.7%

As I noted in my last update my shares of Coca-Cola (KO) are incorrect in the Updown system because UpDown did not properly credit me for a 2:1 stock split.   That had a minor impact on my performance numbers from Sept. to Dec. as well.  However KO is only about 4% of my holdings so it wouldn't change my overall performance too much.

I ended the year on a bad note.  My portfolio underperformed the S&P 500 from August through December.    I only had three months in 2012 where I beat the S&P 500 with 4.7% better in May, 3.1% more in July and barely more at 0.4% in April.

For 2012 I underperformed the S&P 500 by about 3.7%.   My stocks were up around 9.5% and the S&P 500 was up 13.2%.    It may not seem 'bad' to be up by 9.5% in a year.  But I consider it pretty poor performance when you compare it to the S&P 500.   

 Conclusion?

I could spin this two ways.    I could say that my portfolio was full of stocks that were poor choices as reflected by my 2012 performance below the S&P 500.    Clearly I did not do well versus the index.   On the other hand since I didn't do hardly any active trading during the year I could claim that the poor performance in 2012 is evidence that you really need to be actively involved in your stock trading if you expect to do well.    But maybe the real conclusion is a little of both.  Maybe this set of stocks in my portfolio are bad choices for a 'buy and hold' strategy.   I know if I were to pick stocks with a 'buy and hold' mentality that I'd personally shoot for more blue chip stocks that are more dependable.

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Updown Performance : June 2012 to August 2012

Its been a few months since I last updated my Updown  performance.  I didn't do any active trading on the account this summer so it was on autopilot with my existing holdings.

Here is my performance on a monthly basis compared to the S&P 500 so far for 2012:

	Freeby50	S&P 500	diff.
Jan-12	2.8%	4.4%	-1.6%
Feb-12	2.4%	4.1%	-1.7%
Mar-12	2%	3.10%	-1.1%
Apr-12	-0.4%	-0.8%	0.4%
May-12	-1.60%	-6.30%	4.7%
Jun-12	3.90%	4%	-0.1%
Jul-12	4.40%	1.30%	3.1%
Aug-12	-1.3%*	2%	-3.3%

* Adjusted to reflect split in KO not reflected on Updown.

For the year to date my portfolio is up 12.8% while the S&P 500 is up 11.9%.   In the past 3 months June to August, my holdings grew 7.2% while the S&P 500 rose 7.5%.    Since I started trading in March 2008 I'm up 44.8% while the S&P 500 is up 9.9%.

What UPdown shows

Updown didn't give me credit in shares for the 2:1 split in  Coca-Cola (KO).   Their data shows me -3% in August which is pretty awful versus the +2% that the S&P 500 had.  I went to find out why and noticed my KO was down drastically.    KO split in August and Updown didn't give me the extra shares.  So as far as Updown shows my KO lost 50% of its value.

I don't see any way to get customer support at UPdown.   Its a free service so their help staff may be limited or non existent.   If they don't fix it then I may just need to reset the portfolio and rebuild it based on the extra KO shares.

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Updown performance : Dec. 2011 to May 2012

I haven't been tracking or updating my Updown  performance for a while.   I looked back and realized my last update was in Sept. 2011.   I haven't been actively trading in the account in that time either so what I've got there has ended up in a buy-and-hold strategy simply due to neglect.

Here's the most recent performance of my account compared to the S&P 500:

	Freeby50	S&P 500	diff.
Dec-11	4%	0.80%	3.2%
Jan-12	2.8%	4.4%	-1.6%
Feb-12	2.4%	4.1%	-1.7%
Mar-12	2%	3.10%	-1.1%
Apr-12	-0.4%	-0.8%	0.4%
May-12	-1.60%	-6.30%	4.7%

In total for the 6 months I'm up 9.4% and the S&P 500 gained 5.0%.

A large portion of my holdings are in ABT, MSFT, T and WMT.   Those 4 stocks are about 39% of my total.   All four of them have had pretty good appreciation in the past 6 months. 

ABT up 15%
MSFT up 17%
T up 15%
WMT up 17%

The remaining 61% of my portfolio was up only about 5.6% overall.  So those 4 stocks had a big impact on my overall performance.

My bigger losers were the following 3 stocks which only accounted for about 6% of my holdings:
MPW down 4%
NMM down 6%
WIN down 15%

The other stocks in my portfolio were up 10.7% overall.

Overall the remaining 55% of my assets gained 7% in the 6 months.    The rest of my stocks were up or down within 5-10%.   Many of them were effectively flat in the 6 month period.   

Overall a few winners raised my performance ~4% and a few losers dropped it by ~1%.   

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Updown Performance : May to Sept

Its been a few months since I updated my Updown  performance.    My last update was for the April results.   There have been 5 months since then.

Here's a summary of my performance versus the S&P 500

	Freeby50	S&P 500	diff.
May-11	-0.3%	-1.4%	1.1%
Jun-11	-1.3%	-1.8%	0.5%
Jul-11	-3.1%	-2.2%	-0.9%
Aug-11	-2.0%	-5.7%	3.7%
Sep-11	-4.6%	-7.2%	2.6%

As you can see I beat the S&P 500 for 4 of the 5 months.   In total from May to Sept. my account has lost -11% but the S&P 500 is down -17%.

In 2011 so far I'm 4.8% ahead of the index.  My portfolio is 5.8% down and the S&P 500 is 10.7% down.

I haven't been actively trading in Updown since May.  I originally started playing Updown to test how well I could pick stocks and to get some experience trying out different methods or strategies without wasting real money.   I'm not sure if I'll continue to use Updown or not.    

Updown Performance : April +3%

My Updown account was UP 3.0% in April 2011.    The S&P 500 was up 2.8% in the month.   So I marginally beat the index by 0.2% for the month.


Altogether for the year 2011 I'm still about 2.2% behind the S&P 500 index.  

Previously I had pointed out that I had a lot of my funds in Updown in cash.   About 50% of my money was in cash and the other 50% was invested in various stocks.   I decided to increase my position in all of the stocks I owned so that I had more of my money in stocks instead of cash.    I bought abut 75% more of each stock that I had in the portfolio.   Now I'm about 10% cash and 90% stock but have the same mix of stocks as before.

Updown Performance : March up 2%

My Updown account was UP 2.0% in March 2011.    The S&P 500 was down 0.1% in the same time.    I beat the index this month.

After being beat in Jan. and Feb. I'm still down versus the index for the year.    For 2011 so far I'm 2.3% behind the S&P 500.   My portfolio is up 2.5% for the year and the index is up 4.9%

Almost half of my assets in Updown are in cash.   If I was fully invested in my portfolio then my performance would be about double and closer to on par with S&P 500 for the year.

I didn't do to much trading this month. 

Trading activity in March :

Sold some of my Verizon at $38 which is 23% more than I paid in Jan. '10.
Sold some Pfizer at $19.80 or 18% more than I bought in Apr. '10.

I also Bought ABT at $48.27

Updown Performance : February +0.4%

My Updown account was UP 0.4% in February 2011.    The S&P 500 however was up 2.6%


So far in 2011 I'm up 0.5% and the S&P 500 is up 5%.    The index is beating me by 4.5% in just two months.   I'm not doing very good at all so far in 2011.  

One problem is that nearly half of my Updown  assets are in cash.   So when my stock assets go up the overall improvement in my portfolio is weighed down by the cash assets not changing.  If all my assets were invested in stock then I'd have about 1% improvement rather than 0.5%.   Still that doesn't get me too much closer to the S&P 500 performance.

I also haven't been putting much of any time into Updown lately.   I used to spend more time analyzing stocks and finding good bargains.  But I haven't done that much at all lately.   Investing in stocks takes time if you want to do it right. 

Trading activity in Feb. :
I sold off lots of stocks to take in profits :
160 shares of CVX at $99.6  - I paid $64.32 in July 2009  = 54% gain
450 KLAC at $47.9 -  Paid $39.47 in Dec. '10 = 21%
1500 SB at $9.6 - paid $8.03 in April '10 = 19.5%
400 KO @ 64.4  - paid $54.54 in April '10 = 18%
12889 NRF @ 4.97   - paid $3.5 for 5700 shares in Oct 2008 and then paid $5.56 for 7189 more in Sept '09 = for about 7% gain in total

I also bought the following:
2000 MSFT @ $27.94
710 BA @ $70.98

Updown Performance : January +0.1%

My Updown account was UP 0.1% in January 2011.    The S&P 500 was up 2.3%

Since starting Updown  in March 2008 I'm up 25.2%  while the S&P 500 is down 1.6%.   My annualized return is 7.3%.

I haven't been doing great compared to the index lately.    For five months in a row from September to January the S&P 500 performed better than my portfolio.    In that 5 months my Updown is up 13.8% cumulative and the S&P 500 rose 19.9%.

Trade activity for January:

Sold GM at $37.50.  That is almost a 10% gain in less than two months.   I bought GM purely for short term speculation and cashed out when it went up.
Sold HYG at $90.90.  I decided to dump it since I don't expect bonds to go up forever.
Sold KLAC at $44.   I cashed out half my holdings after hit exceeded 10% increase.

Updown Performance : 2010 Year End Summary

I play with stocks using an Updown account.   Its part learning tool, part practice arena and mostly just a game.   This is my annual summary of my results in Updown for the year 2010.

As I discussed in my recent December summary for Updown, in 2010 my Updown portfolio was up about 20%. 
The S&P 500 was up about 13% for the year.   In 2010 I beat the index by about 7%.

The previous year in 2009 the S&P beat my UPDown results.   I was up 22% in update and the S&P was up 26% in 2009.   So the S&P 500 beat me by 4% for the year of 2009.   In the two year combined period covering 2009 and 2010 I'm up about 4% more than the S&P 500.    I started Updown in March 2008 and since then I'm up 24.9% while the S&P 500 is still down -4.3%.

Here is the summary of my performance in Updown versus the S&P 500 for various periods:

	Updown	S&P 500
2009	22%	26%
2010	20%	13%
2 year	46%	42%
Most of 2008	-15%	-33%
Life	24.9%	-4.3%

When I say "most of 2008" above that is the period from March 2008 to Jan 1, 2009 covering the period of 2008 after I first started Updown.    The "Life" period is from March 2008 to Jan  1,  2011

Here is the yearly performances shown graphically.   2008 year is just the 9 months at the end of 2008 post March.

And this is what the dollar balance would look like over time starting with the initial $1,000,000 of pretend money you get in Updown :

	Updown	S&P 500
Jan-11	$     1,249,000	$        957,000
Jan-10	$     1,040,833	$        846,903
Jan-09	$        853,142	$        672,145
Mar-08	$     1,000,000	$     1,000,000

And then graphically this is how $1,000,000 would have performed in my Updown portfolio versus the S&P 500 over time from March 2008 onward:

For the last two years I'm doing OK but not great.   I am ahead of the S&P overall but they beat me one year and I beat them one year.   I'm only ahead by a few % points over the past two years.    Given the work and risk involved I don't think its worth it to beat an index by 4% over two years when the market is up over 40% in that time.   But I did a lot better than the index in 2008 and my overall returns are much better off because of it.  I'd certainly rather have $1.2M than $950k so in that respect I'm clearly beating the index.

Dividends Yielded ~3.7%

Dividends contributed about $39,582 to the portfolio for the year.  That is about a 3.7% yield on my portfolio for the year as a whole.  


Remember that this is not real money so it shouldn't be thought of as equivalent to a real portfolio.   There are many reasons that my results in Updown differ from what I'd expect to see in real life. 

Updown is pretend money and I treat it that way.   I am not very careful with my investments in Updown.   Since theres no real risk with the money I don't worry or take too much care to make the right investments.   This is not to say I don't try to make money with Updown.   I do try to make money for nothing more than the fun of having a higher 'high score' in the game.   But if I'm going to gamble with pretend money my risk tolerance and attention to detail when performing analysis is not the same as if I were investing real money.   This factor may both hold me back and improve my results.  On one hand since its a game I might make purchases on a whim that aren't that thought out and then not worry about them too much.  You might expect that to lead to poorer results than if I was more careful, diligent and serious in my investments like I would be if I had invested real money.   On the other hand since its a game I'm not too worried about taking higher risks and generally if you take higher risks and bet right then your returns will be higher.   So if I'm less risk tolerant and make some good choices then I could make a lot more money in Updown based on being more aggressive with the investments there.


I use Updown to try out strategies.   This is part of the reason I'm using Updown in the first place.   Updown is a game and a tool for me.   As a tool I use it to try out an investment strategy and see how it might work.  Some of these strategies are flops. 

Lots of unused cash.  My Updown portfolio right now has over $500k in cash and only around $700k in investments.   That is a lot of cash that is sitting idle and not making a return.  If I had closer to 100% of my Updown assets invested in equities then I might have achieved a return closer to 30-40% rather than the 20% rate for the year.

Updown Performance : December +4.4%

My Updown account was UP 4.4% in December 2010 but  the S&P 500 was up 6.7%

For the year total in 2010 I was up 20.4% while the S&P 500 is up 13.6%.  So I beat the index by 6.8% total for the year.

Since starting Updown  in March 2008 I'm up 23.9%  while the S&P 500 is down 5.2%.   My annualized return is 7.3%.



My trading activity in December:

Bought KLAC at $39.47  I am trying a stock screening strategy with this one.
Bought NLY at $17.87.   This is a higher risk short term trade for me.  Its a REIT yielding 14%.  I plan to cash it in if it goes up 20%
I took profits and sold some of my stake in VZ at $35.51 (up 20%) and CVX at $91 (up 49%).   I also sold off all of my GTY at $32 (up 37%)

Updown Performance : November +0%

My Updown account was unchanged in October 2010 but  the S&P 500 was up a little bit at +0.4%.  

So far in 2010 I'm still up 15.3% while the S&P 500 is up 6.4%.  I'm now beating the index by 8.8% so far this year

Since starting Updown  in March 2008 I'm up 18.9%  while the S&P 500 is down 10.7%.   My annualized return is 7.3%.




I made several trades in November.

I sold off my INTC at $20.99.   I had paid $17.96 at the end of August.   So thats about $3 increase and 17% profit in just over 2 months.

I also cashed in some profits on several holdings.   I sold CVX at $82.89, CTL at $41.62 and some more at $42.74, KO at $63.97 and WIN at $13.20.  

I bought GM at $34.16.   This is a short term speculative purchase and I intend to sell it once it goes up 10%.


Just a reminder:  Updown  is just a game.   I use it to play around with stock picking strategies.   I wouldn't want to test out strategies with real money.   If something works pretty well in Updown then I might try it out in real life but chances are I won't.  

Updown Performance : October up 3%

My Updown account was up 3%  in October 2010 but  the S&P 500 was up about 3.7%.  

So far in 2010 I'm up 15.3% while the S&P 500 is up 6.1%.  I'm beating the index by 9.2% so far this year

Since starting Updown  in March 2008 I'm up 18.9%  while the S&P 500 is down 12.4%.

The reporting of the S&P 500 performance on Updown is still broken so I'm still having to figure it manually. 

I didn't make any trades in the month of October.

Updown Performance : September up 5.7%

My Updown account was up 5.7%  in September 2010 but  the S&P 500 was up about 5.5%.

In 2010 I'm up 12% and the S&P 500 is up 2.3%.  I'm beating the index by 9.7% so far this year

Since starting in March 2008 I'm up 15.7%  while the S&P 500 is down 15.5%.

For some reason the reporting of the performance of the S&P 500 was not being tracked properly on the Updown site.   They were showing the S&P as 0.0% change for  Sept. which didn't look right and I noticed they didn't seem to show the S&P in their graph after August.   So I manually figured the change of the S&P for September. 

I only made one trade this month.  I bought some Intel (INTC) when it went under $18.   This is just a short term speculative buy.    I plan to sell it all when it hits $21.

Updown Performance : August up 0.1%

My Updown account was up 0.1% in August 2010 but  the S&P 500 was down 3.4%.   I beat the S&P 500 by 3.5% this month.

In 2010 I'm up 5.9% and the S&P 500 is down 3%.  I'm beating the index by 8.9% so far this year

Since starting in March 2008 I'm up 8.6% while the S&P 500 is down 19.9%.

I didn't trade much this past month.   I sold off some of my BPT & CVX in order to cash in some profits.  I also sold my UMH when it hit $11.83.   I figured at a 6% dividend yield that was the max I thought I would hold it for.   I gained 50% on that position not counting dividends.

Updown Performance : July up 5.6%

My Updown account was up 5.6% in July 2010 but  the S&P 500 was up 6.9%.  I was beat by the index by 1.3% this past month.

In 2010 I'm up 5.6% and the S&P 500 is up 0.4%.   So I'm a full 5% ahead of the index for the year to date.

Since starting in March 2008 I'm up 8.4% while the S&P 500 is down 17.2%.

I didn't make any trades last month.   However I had a stake in FRE which was delisted which forced a sale  at $0.34.   I had bought it at $1.20 with the speculation that it would go up a bit.   That didn't work out too well.

Updown Performance : June down 3.6%

My Updown account was down 3.6% in June 2010 by comparison the S&P 500 was down 5.4%.   SO I beat the index by 1.8% for the month.

For 2010 so far I'm just about even with a 0.0% change.  While the S&P 500 is down about 6.1% year to date.

Since starting in March 2008 I'm up 2.5% while the S&P 500 is down 22.5%.

I didn't make any trades this past month.

Updown Performance : May down 6.3%

My Updown account was down 6.3% in May 2010 while the S&P 500 was down 8.2% so I beat the index by 1.9%. 

For 2010 I'm up about 3.8% which is 4.5% better than the S&P 500.

Since starting in March 2008 I'm up 6.4% while the S&P 500 is down 18.1%.

The market was beat up pretty bad this past month.

I bought another chunk of FRE at $1.20 simply speculating that it will bounce up again.   I also bought some NMM to add to the previous purchase of SB.   Both are shipping companies with pretty high dividend rates.