As you can imagine picking the commodity sector it’s been a very volatile stock. In addition, Newmont quarterly results were released and disappointed investors. The stock has been all over the map. Though currently only down 2.92% since Janurary 1st. My performance since investing and expenses is down 4.33%. Compared to the S&P 500 which is currently up 0.6% for the same time period.
So no surpise I could have done slightly better just investing in a passive S&P 500 ETF.
Since I haven’t hit my stop loss order of -25%, I’m still in the game with this stock. Should the stock go below a 25% loss, I will pick a new stock. Though if that does happen, my chances of winning this competition is almost nil.
Finally, Jeff Rose suggested I had to name my portfolio. So I’ve decided to call it the “Grow your.. DOH!” after Homer Simpson.