Prudent Portfolio

Phelps Dodge has gone up nearly $5.00 per share since this portfolio was put together. I certainly didn't expect that! Overall, the portfolio is doing well. As of Wednesday's close, the value of the Prudent Portfolio sits at $101,981. Someone asked me to do a little blurb as to why I put each company into the portfolio. All I can say is that this is 100% quantitative. I ran several value screens and this is the list that came up. That's it! Of course, you have to know what screens to run but it's really not rocket science when you are looking for value.

Company	Symbol	Shares	Price Per Share*	Amount Invested	Current Price Per Share	Current Value
Chevron	CVX	146.53641	$56.30	$8,250	$56.84	$8,329
ConocoPhillips	COP	147.47944	$55.94	$8,250	$57.33	$8,455
Fannie Mae	FNM	142.24138	$58.00	$8,250	$58.05	$8,268
National City Corp.	NCC	244.15507	$33.79	$8,250	$34.31	$8,377
Ford Motor Co.	F	798.64472	$10.33	$8,250	$11.16	$8,913
Chubb	CB	96.38977	$85.59	$8,250	$84.87	$8,181
XL Capital Ltd.	XL	110.45655	$74.69	$8,250	$74.76	$8,258
Phelps Dodge	PD	91.80948	$89.86	$8,250	$94.52	$8,678
MBIA	MBI	146.92787	$56.15	$8,250	$59.13	$8,688
Cummins	CMI	115.46537	$71.45	$8,250	$71.25	$8,227
Louisiana Pacific	LPX	345.04391	$23.91	$8,250	$23.98	$8,274
Cooper Tire	CTB	430.35994	$19.17	$8,250	$19.39	$8,344
Cash Account		1000	$1.00	$1,000		$1,000
Portfolio Totals				$100,000		$101,981

*Rounded to nearest penny.