I made several posts this week, so I don’t have a lot to add here, but:
This was a good week, mostly because of Monday. The market was down 3.41% but the Pittsburgh Portfolio was up 2.36%. That’s why we have a large cash position, so that we can survive some losses in the market; this week, our cash beat the market. US Steel was up 9.05% and Alcoa was up 5.22% which made up for a sluggish PPG.
Investing Pittsburgh is a regular part of this blog. It details the ins and outs of a mock portfolio of Pittsburgh Stocks invested and managed by me. For a list of all of the previous “Investing Pittsburgh” posts, click here.