THE WIRED INVESTMENT PORTFOLIO
I've been managing the WIP for exactly two years, and it's report-card time. Despite the handcuffing restriction of trading only once each month, the portfolio has generated total returns besting nearly all major indices. The numbers: the WIP, 86.2 percent; the S&P 500, 59.8 percent; the Dow, 48.0 percent; the Russell 2000, 18.5 percent. Only Nasdaq's blistering 87.7 percent return topped the WIP – by a hair.
With that track record, I'm going for broke. I'm selling nothing and investing in four potential scorchers: AdForce, CMGI, Juniper Networks, and RealNetworks.
– Jeffery Wardell (jwardell@hamquist.com)
| Company| Primary Business| Symbol| Shares| Close 7/1| Current Value| Since Purchase
HOLDING
| Abbott Labs | Pharmaceuticals | ABT | 2,500 | 45 7/16 | 113,594 | – 1 %
| America Online | Online services | AOL | 5,000 | 112 1/8 | 560,625 | + 339 %
| AT&T | Telecom services | T | 3,000 | 56 5/8 | 169,875 | + 3 %
| AT&T-Liberty Media A* | Cable programming | LMG/A | 6,000 | 37 1/16 | 222,375 | + 13 %
| Autoweb.com | Ecommerce | AWEB | 6,000 | 14 11/16 | 88,125 | – 39 %
| Cisco Systems* | Network hw/sw | CSCO | 9,000 | 64 3/8 | 579,375 | + 220 %
| Drug Emporium | Ecommerce | DEMP | 12,500 | 6 13/16 | 85,156 | – 29 %
| FDX | Freight delivery | FDX | 2,500 | 54 1/4 | 135,625 | + 25 %
| Guidant | Medical devices | GDT | 2,500 | 53 7/16 | 133,594 | – 8 %
| Merck | Pharmaceuticals | MRK | 2,000 | 75 1/4 | 150,500 | – 6 %
| Microsoft | Software | MSFT | 4,000 | 91 3/16 | 364,750 | + 118 %
| Network Associates | Virus sw | NETA | 10,000 | 15 13/16 | 158,125 | – 28 %
| Pfizer* | Pharmaceuticals | PFE | 4,500 | 37 3/8 | 168,188 | + 13 %
BUYING
| AdForce | Ad services | ADFC | 6,000 | 23 3/16 | 139,125
| CMGI | Internet holdings | CMGI | 1,300 | 112 1/16 | 145,681
| Juniper Networks | Networking | JNPR | 1,000 | 146 | 146,000
| RealNetworks | Streaming sw | RNWK | 2,000 | 77 7/8 | 155,750
Cash| $| $125,692
Portfolio Value 7/1| $| $3,642,155
Portfolio Value 6/1| $| $3,472,500
One-Month Portfolio Performance+4.89%Russell 2000 Index| +3.880
Legend: This fund started with $1 million on December 1, 1994. Profits and losses are reflected monthly. *Stock split
The Wired Investment Portfolio (formerly TWIT$) is a model established by Wired, not an officially traded portfolio. Jeffery Wardell is a senior vice president in executive financial services at Hambrecht & Quist LLC and may have a personal interest in stocks listed in the WIP. The opinions expressed herein are those of the author and not necessarily those of H&Q's research department. H&Q has not verified the information contained in this article and does not make any representations as to its accuracy and completeness. Wired readers who use this information for investment decisions do so at their own risk.
| NEW MONEY
| Quote
| Making the Grade
