Back in March, my friend Barry Campbell and his wife started investing in their own White Trash and Minor Vices Portfolio.
As Barry explained:
Everyone says “invest in what you know.”
I’m about to put my money where my big mouth is. Carrie and I invest, mostly in index funds and ETFs, every month through Sharebuilder, which allows fractional purchases of shares in stocks and funds for a flat monthly fee.
The vast majority of our modest monthly stake goes into a total-market index fund and an aggregated bond fund.
But I’m going to make a modest investment in a stock portfolio — a mini-fund of my own making, if you will — called “White Trash and Minor Vices” (motto: don’t beat your wife, beat the Dow) the constituent stocks of which are:
- BFB – Brown-Forman Corp. Cl BHolding company for distilleries that produce Jack Daniel’s, Early Times, Canadian Mist, Southern Comfort, Finlandia, and others. Recently acquired a major stake in a Mexican tequila manufacturer.
- BUD – Anheuser-Busch Cos. Inc.Brewer of cheap domestic beer; owner of theme parks.
- CHB – Champion Enterprises Inc.Major manufacturer of mobile homes and modular buildings.
For Barry’s description of the whole portfolio, click here.
How are they doing?
[November 8, 2007] The market has its ups and downs, but White Trash just keeps on gittin’-r-done.
Since its inception in March 2007, the White Trash Portfolio is up 11.1%.
…Over the same time period, exchange-traded funds (ETFs) tracking the major indexes performed as follows: