Sunday Tables Filed

Sun, 2017/07/30 - 2:09pm | Your editor
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I just posted the performance tables at www.global-investing.com, with difficulty, as my new brokerage account doesn't display things the same way as my old one did. Paid subscribers should see the normal three tables, covering stocks and bonds; exchange-traded and closed-end funds; and gains and losses.

Pre-subscribers only get to see the last one. Sometimes I get lucky. I sold our Pakistan Fund, PAK, early this year because of changes in my contacts in the country and because my favorite London seller of Pakistani clothing went out of business. I sold because I feared I would not be informed of things on a timely basis but I had no idea that the president had looted the country to buy posh flats in Mayfair and would be removed from office by the country's Supreme Court.

I also got lucky with another stock sold earlier, Imperial Brands, a UK tobacco peddler, because I came to realize that its vape business was very marginal and its profits are generated by selling tobacco cigarettes which kill smoking-addicts.

I try to be an ethical investor as well as an ethical person, which is why I also sold out of my former Alcoa stake when the successor company pretended it had had no role in the mis-selling of cladding to the operators of the council tower blocks (project high-rise buildings) in Chelsea & Westminister, London. They had plastic between the layers of aluminum which caught fire and killed at least 80 tenants. I sold as soon as I got back control of my account when it transferred to Schwab from Fidelity last week. While I am no puritan I do feel that some companies behave so badly that I do not want to own their stocks.

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