Thursday, November 26, 2009

The Brooklyn Portfolio: One Month Report

It's been a month, so we thought it would be a good time to see how The Brooklyn Portfolio is doing.

The portfolio (the Brooklyn Fund put together by McBrooklyn and McBrooklyn readers) became a reality Friday, October 23,2009 with the purchase of 10 shares of eight different Brooklyn-related stocks or ADRs.

We are pleased to report that the fund, as of Nov. 25, is up 8.72 %.

This compares favorably to the S&P 500, which gained 2.87% during the same time period. (Future performance has nothing to do with past performance.)

Here are the initial stocks and their cost when we purchased them on Oct. 23:

National Grid plc (ADR) - NGG - 48.22/share * 10 shares = 482.20
Pfizer Inc. - PFE - 17.25/share * 10 shares = 172.50
Bristol Myers Squibb Co. - BMY - 22.24/share * 10 shares = 222.40
Corning Incorporated - GLW - 15.65/share * 10 shares = 156.50
Nathan's Famous - NATH - 14.38/share * 10 shares = 143.80
Dime Community Bancshares - DCOM - 11.59/share * 10 shares = 115.90
Novartis AG (ADR) - NVS - 51.89/share * 10 shares = 518.90
Brooklyn Federal Savings Bank - BFSB - 12.10/share * 10 shares = 121.00

Performance (click on chart to enlarge):
The initial cost of the all the shares was $1933.20. The shares are now worth $2,101.70, a gain of $168.50.

As can be seen from the chart above, National Grid and Bristol Myers Squibb soared this month, gaining 16.67% and 15.33 % respectively. Pfizer, Corning and Novartis are each up roughly 7.7% this month. Nathan's and Dime Bank are both down slightly, a bit over 1% each. The only loser of note during the first month of the Brooklyn Portfolio's existence is Brooklyn Federal Bancorp, which sank 6.36%.

(At this point we are not including dividend yields nor are we subtracting fees to purchase the stocks. We'll add these at the end of the year.)

To read about the history of The Brooklyn Portfolio and the stocks that make it up, see the following links:

- The Brooklyn Portfolio: Fully Funded and Ready for Business
- The Brooklyn Portfolio Takes Shape
- The Brooklyn Portfolio: Investing In Brooklyn

Photo by Don Hankins, Creative Commons license

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