2006 Year-end Review

2006 has been a highly successful year. I am up 25.3% in the equity portion of my portfolio and 15.2% overall. I attribute most of the gains to overweighting in the energy and telecommunications sectors rather than astute stock-picking. However, a number of stocks I bought in 2005 and early 2006 have contributed significantly, including PFE, MRK, KFT, CAG, and KO. One of my goals in 2006 was to improve portfolio diversification through investment in a number of exchange-traded funds, with an expected outcome that portfolio volatility would be dampened at a cost of slightly lower overall performance. However, most of the ETFs have done better than expected. These include PID, PHO, PBW, ADRE, GDX, and FXE.

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