It appears that comedian Auggie Smith’s reign as our resident financial whiz might have come to an end. At the beginning of the year Auggie used the “blindfolded by a Mexican Wrestling-Mask ink blot” process to pick his ten best stocks for the year. In the past, his controversial “throw darts or shoot the Wall Street Journal with a pellet gun” technique outperformed some of Wall Street’s best stock pickers, but this year he is actually at a loss! Here are the standings:
Auggie’s value (based on an initial valuation of $10,000) – $9156.
Investor Place’s Ten Best Stocks – $13,037
Vanguard’s Growth – $11,125
Auggie’s portfolio had a few huge holes, including Tapinator, which lost over 90% of its value, and Xueda Education, which is down over 40%. Disney is his best performing stock.
In contrast, Investor’s Place had several big winners, including Emerge Energy Services, up over 260%, and Tesla, up over 50%.
Of course there are several months left in the contest, but it is not looking good for Auggie.