Sunday, June 2, 2013

May 2013 update ($246,730 +$8,400 or + 3.5%)



The portfolio changes:
Accumulated additional 3,500 USD as part of my annual savings goal.
Gazprom (GAZ:FRA) is up by 600 USD
Vanguard VDE is up by 1,900 USD
Vanguard VOO is up by 500 USD
Company shares are up by 470 USD
Grand total additions:  6,970 USD

Rosneft lost 520 USD
Grand total losses are:  520 USD
 


Movements:
Bought:  Additional 16,400 Gazprom shares (GAZ:FRA) at $7.81 a share. 
Sold: my emerging mutual funds hold in the local currency. It has been a total debacle – investing $30,000 in 2008 and selling in 2013 for $20,000.

Observations:
 #1    I did thing that I personally thought I would never do – spent my emergency fund.  An opportunity presented itself – Gazprom (GAZ:FRA)  and I was greedy.  I went and bought some more shares – 16400 to be precise at 7.81 USD per share.
       I used proceeds from the emerging market mutual funds (20,000 USD), money left for investment 29,500 USD and emergency fund 78,500 USD. It will take me next 22 months to re-build my emergency fund.

Average price I paid for Gazprom shares:
Date
Price per share, USD
# of shares
Total Price, USD
April 2013
9.27
3,000
27,810
May 2013 #1
7.48
1,600
12,000
May 2013 #2
7.81
16,400
128,000


21,000
167,810
Average price per share paid in 2013:  8.00 USD, current price 7.67 USD

At the moment I have no regrets, as only this year dividends are 4.6% at the price I paid for my shares.


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