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My portfolio this week didn’t take a hit as you may have thought since last week I had over 6% gains and only showing almost 1.5% gains. The portfolio value doesn’t take into consideration that I increased my overall position including cash in my account. I haven’t been able to actually see my cash position in the account until today, which I found very strange.

I locked in my gains with most of the stocks in my portfolio this week and completely took off Agnico-Eagle Mines (AEM). Once the price of gold comes down a little bit, I will be jumping into the GLD index fund that tracks the price of gold as a hedge against inflation.

If we get another percent or two of pullback, I’m going to start putting more of the free cash into whatever pulls back 5-8%. Apple looks to be a good candidate if it reaches $200 again, so I might jump in early next week.

S&P 500 at Year Start- $1,115.10
S&P 500 at End of Week – $1,145.68
S&P 500 Point Gain – +$30.58
S&P 500 Percent Gain – +2.74%

Portfolio at Year Start – $141,591.98
Portfolio at Week End – $143,600.11
Portfolio Total Gain – +$2,008.13
Portfolio Percent Gain – +1.42%

Transactions

1/11 Sell 80 shares of BP at $61.59
1/11 Sell 22 shares of AAPL at $212.41
1/11 Sell 87 shares of CAT at $61.11
1/11 Sell 113 shares of MO at $20.26
1/11 Sell 150 shares of AEM at $60.59
1/11 Sell 26 shares of KMP at $63.52
1/11 Sell 23 shares of JPM at $45.01
1/11 Sell 61 shares of HD at $28.87

Dividends Paid

None

Important Info and Disclosure: Fantasy Portfolio traded on Wall Street Survivor using principles learned from Jim Cramer’s Action Alert Plus. I do own real shares in AT&T (T) and Nordic American Tanker (NAT). My posts about my fantasy portfolio should not be mistaken for financial advice. You should consult a financial advisor before investing in stocks.

Starting this month, I will be giving away Amazon gift cards to my followers every month. The total will be for $10 of my own money that I put in there or 5% of the income that my site generates, whichever is greater. For example: if you order something from Amazon by clicking on the link on my site, it will add 5% of what I make from that sale to the total that will be given away as a gift card. Like before, you can enter twice per day. If you would like to get in on the drawing on February 1st, just follow these two steps:

1. Follow @BrianEarley on Twitter
2. Tweet this message to your followers:

I just entered to win an Amazon gift card! You can enter by following @BrianEarley and retweet this! http://ow.ly/V6cO #BE0110

Update: If my follower count reaches 1,000 I will make it a $25 gift card!

What a great start to the year for the stock market! The S&P 500 was up over 2.5% and gained every day last week. My fantasy portfolio more than doubled the gains seen by the S&P 500, but the markets are very overbought right now as the technical analysis shows, so a pullback might be on the horizon. It might be a smart decision to lock in some of your gains by taking a little bit of the profit, and buying again after the pullback occurs.

I am going to be taking my profits off the table this week on anything that has over a 20% gain, and letting the rest ride. Agnico Eagle Mines (AEM) will be taken out of my portfolio, and replaced with the SPDR Gold Trust ETF (GLD), because AEM has become far too volatile for my tastes. Investing in an ETF that tracks the price of gold seems to be a smarter decision than owning a gold mining stock that could be susceptible to issues that could slow the business down.

S&P 500 at Year Start- $1,115.10
S&P 500 at End of Week – $1,144.98
S&P 500 Point Gain – +$29.88
S&P 500 Percent Gain – +2.68%

Portfolio at Year Start – $141,591.98
Portfolio at Week End – $150,145.21
Portfolio Total Gain – +$8,553.23
Portfolio Percent Gain – +6.04%

Transactions

None

Dividends Paid

1/6 $126.00 from 300 Shares of T at $0.42 per Share

Important Info and Disclosure: Fantasy Portfolio traded on Wall Street Survivor using principles learned from Jim Cramer’s Action Alert Plus. I do own real shares in AT&T (T) and Nordic American Tanker (NAT).

It’s the end of my first full year of running my fantasy portfolio on Wall Street Survivor, and I have made some very decent gains with it. The benchmark for market performance, the S&P 500 finished the year with a very nice 23.45% gain, but my portfolio’s performance crushed that with a 30.00% gain for the year. Most of my success can be attributed to what I have learned from watching Mad Money on CNBC, as well as reading my collection of books by Jim Cramer. His lessons are invaluable.

I have decided to lock in my big gains and use the profits to reinvest at lower levels. My portfolio definitely needs some more attention this year if I want to continue to outperform the market and use my experience to do so with my real money. As it stands today, the markets are up from a nice rally on Monday and are continuing higher right now after a quick selloff in the morning.

S&P 500 at Year Start- $903.25
S&P 500 at End of Week – $1,115.10
S&P 500 Point Gain – +$211.85
S&P 500 Percent Gain – +23.45%

Portfolio at Year Start – $104,435.54
Portfolio at Week End – $135,768.53
Portfolio Total Gain – +$31,332.99
Portfolio Percent Gain – +30.00%

Transactions

None

Dividends Paid

12/28 $178.5 from 525 Shares of JPM at $0.34 per Share

Important Info and Disclosure: Fantasy Portfolio traded on Wall Street Survivor using principles learned from Jim Cramer’s Action Alert Plus. I do own real shares in AT&T (T) and Nordic American Tanker (NAT).