Portfolio, January 1, 2014

S&P 500:                 1832 (130.36%)

Portfolio:         $751,762 (150.3%)

IBB                    1153 shares    $261,823

FSAVX             3820 shares    $212,850

PGJ                   7750 shares    $236,607

Cash                                           $40,480

Notes: The portfolio has not made any changes since the October 1 update, and has outperformed the S&P 500 by 66% since beginning this blog.  The portfolio lagged the S&P 500 in October, but outperformed in November and December, as reflected in the chart below: