Portfolio, July 1, 2013

S&P 500:         1615 (114.9%)

Portfolio: $609,601 (121.9%)

IBB                   1253 shares    $223,647

IYZ                   7150 shares    $184,541

MJFOX     12,145.5 shares    $180,544

Cash                                          $20,868

Notes: The portfolio still holds IBB (Biotech), but sold IYT (Transportation) and ITB (Home Construction) for IYZ (Telecom) and MJFOX (Japan) at the beginning of May.  None of the four funds are up over the past two months, but we were fortunate to move out of ITB (Home Construction) before its 12% two-month decline.

June 3 numbers were as follows:

S&P 500:         1640 (116.7%)

Portfolio: $606,815 (121.3%)

IBB                   1253 shares    $222,319

IYZ                   7150 shares    $187,401

MJFOX     12,145.5 shares    $175,930

Cash                                          $20,868