By Paul Price of Market Shadows
Our value-orientated style continues to deliver. Market Shadows' Virtual Value Portfolio gained 1.8% in the week just concluded. The original $100,000 stake has turned into $131,933 since Oct. 26, 2012. Our total return is now 18.1% ahead of the SPY (S&P 500 ETF) over the identical time period.
We made one new purchase this week, The-trade-of-a-life-time, lowering our cash reserve to $3,348. We liked Life Time Fitness (LTM) enough that we also sold puts on it in our Virtual Put Writing Portfolio.
The broad market is not cheap anymore but in a ZIRP world there is simply no good alternative to stocks. Until something changes, which we consider unlikely in the foreseeable future, we intend to remain pretty fully invested.
