Portfolio

Tom Konrad CFA I like to think that one of the things that distinguishes me from the mass of investment bloggers and newsletter writers is that I write about my mistakes, as well as my great calls.  This is not just a service to readers, but a service to myself.  Overconfidence and why I write about my mistakes One of the most pernicious cognitive errors common among stock market investors arises from our wish to see ourselves as great investors.  One of the ways we accomplish that goal is to selectively and unconsciously self-edit our...

Tom Konrad CFA My clean energy portfolio outperformed again in 2011, but it was a Pyrrhic victory. Without a doubt, 2011 was a horrible year for Clean Energy stocks, nearly as bad as 2008.  The difference was that, in 2008, the entire stock market was crushed, while this year, the broad market ended with only modest declines compared to clean energy stocks. Based on 2010 and 2011 closing prices, the broad market (as measured by the performance of the Russell 2000 index), was down 10%, while clean energy stocks were down 52%, as...

Tom Konrad, CFA My annual mini-portfolio of clean energy stocks which I expect to outperform in 2011. This is my fourth annual list of renewable energy and energy efficiency stocks since I began the series in January 2008.  The Purpose of this List For myself, these lists serve as a record of my thinking on the market which I can look back on and learn from over the following year.  When I publish the list, I state my reasons for selecting each stock, and then track the portfolio's performance over the following year in...

Tom Konrad CFA Worries including the conflict with ISIL, Ebola, and economic slow-down in Europe, sent the stock market down in the month to October 3rd, with small cap stocks and clean energy stocks falling even farther than the large cap S&P 500.  My 10 Clean Energy Stocks for 2014 model portfolio weathered the storm relatively well because of its emphasis on defensive and income stocks.  Since the last update, the model portfolio was down 4.8%,...

Tom Konrad CFA Three stocks I sold recently, and why. Three years later, I'm still kicking myself that the severity of the 2008 financial crisis and stock market collapse took me by surprise.  Not that I wasn't in good company.  If a majority of investors had been prepared for the crisis, it would never have happened in the first place: The overpriced CDOs and other securities which were a large part of the cause would never have become overpriced.  But making excuses for past mistakes is not useful.  Learning from them...

Tom Konrad CFA I guide my sister through the stock market, she guides me through the mountains. An earlier version of his article was first published on the author's Forbes.com blog, Green Stocks on February 15th.  This version has been updated to reflect market action and news since then. Earlier this week, I wrote about how my annual green stock trading advice had worked out for my sister and readers (well) and the two stocks where I thought she...

I purchased shares in Altair Nanomaterials (ALTI) this morning for both my personal portfolio and also the mutual fund. ALTI is a holding company that specializes in nanomaterials and also contains a life sciences division. The materials company has research in high performance batteries, fuel cells, and photovoltaics. Altair announced earnings today and the stock is up on the morning trading. Revenue Increases 68 Percent for Third Quarter and 230 Percent for Nine-Month Period "An increase in revenue of 230 percent for the first three quarters of 2005 is representative of the significant progress Altair has...

Tom Konrad CFA June was a month of recovery for the stock market in general and clean energy stocks to a somewhat lesser extent.   The Russell 2000 index (^RUT, which I use as a broad market benchmark in this series) was up 9% in June, while the Powershares Wilderhill Clean Energy ETF (PBW) gained 5.3%.  So far for the year, ^RUT has produced a total return of 9.5%, while PBW shows a loss off 12.2%. My model portfolio introduced in January of 11 equally-weighted clean stocks lost ground yet continues to outperform the clean energy...

My annual green energy stock picks continue to hold up, but the Obama Effect for clean energy seems to have been lost in the summer's healthcare debate. Tom Konrad, Ph.D., CFA For the first 9 months of 2009,  my ten green energy stocks for 2009 are up 23.4% vs. the S&P 500, and up 20.4% over my clean energy benchmark, the iShares S&P Global Clean Energy Index (ICLN).  For the third quarter, that amounts to a loss of 1% relative to the S&P 500, and a gain of 7% relative to ICLN. In my second quarter update, I...

Tom Konrad CFA July was a hard month for the stock market and clean energy stocks in particular.  My broad market benchmark of small cap stocks, IWM,  fell 7% and is down 2.7% for the year, while my clean energy benchmark PBW fell 9% and has slid into the red for the first time.  It is down 0.1% for the year to date.  The mostly defensive stocks in my 10 Clean Energy Stocks for 2014 model portfolio fared relatively well, but they were still...

Tom Konrad CFA While the sun was shining on most clean energy stocks in April, my ten clean energy picks for 2013 (introduced here) got relative showers.  The Powershares Wilderhill Clean Energy Index (PBW) was up a sunny 14.1% for April to 19.6% for the year, rising quickly past my picks, which inched up a relatively meager 0.7% to 7.5% for the year so far.  Meanwhile, the broad universe of small stocks gained 2.6% for a year to date gain of 15.1%, as measured by my benchmark the iShares...

Tom Konrad CFA Unenchanted April After a great January, the last three months have not been kind to clean energy stocks.  While my model portfolios are still in positive territory (+5.4% and +0.9% for the unhedged and hedged portfolios, respectively), and are above my clean energy benchmark (The Powershares Wilderhill Clean Energy ETF, -3.4%), they have again fallen behind my broader market index, the Russell 2000 (+7.3%.)  Gone with the Wind trailer, public domain Gone With the Wind April saw the chances of...

Tom Konrad CFA July Overview July was a good month for my Clean Energy model portfolio.  Since the last update, these 11 stocks are up an average of 3.3%, with a year to date return total return a tiny loss of -0.5%.  While it's never pleasant to be down for the year, it's helpful to compare this performance to that of the most widely held clean energy ETF, the Powershares Wilderhill Clean Energy ETF (PBW), which was down 8.7% for the month, and down 21% year to date.  All in all, it has been a miserable year...

Tom Konrad CFA Outlook 2013 photo via BigStock Last December, I asked my panel of managers of green funds and portfolios to predict the major trends of 2013, and pick their top stock for the year to come.  I wrote a series of articles based on their responses, which I’ll reference below. I plan to ask them the same questions this year, but first I will check on how they’ve done so far. The Managers Not everyone on my panel responded to all the questions, but here are the...

Tom Konrad CFA August Overview I was traveling for much of the month of August, and so did not keep up with most of my stocks.  But not much happened while I was gone, with the broad market and renewable energy stocks both producing small gains for the month of a little over three percent, as measured by my benchmarks, the Russell 2000 index (^RUT, 3.4%), and the most widely held clean energy ETF, the Powershares Wilderhill Clean Energy ETF (PBW, 3.2%). My Clean Energy model portfolio also had a relatively uneventful month,...

Tom Konrad CFA September Overview September was another quiet month for my Clean Energy model portfolio and the stock market in general, with the exception of Finavera Wind Energy (TSX:FVR, OTC:FNVRF), which put itself up for sale last Monday (see below.)  Since my last update, my model portfolio rose a modest 4.5%, shadowing my broad market benchmark, the Russell 2000 index (^RUT), also up 4.5%.  Although my clean energy picks rose in line with the broader market, the clean energy sector as...