November 30, 2012 Update

    Cash:                             $     15.48
    Accrued Dividends:                     337.00
    Interest Accruals:                      (7.50)
    Stocks:                            120,665.58
    Options:                            (8,294.33)

  Account Value:                      $112,716.23

  Equity:                             $120,912.18
  Margin Requirement:                   73,669.98
  Available Funds:                      47,242.20

  Regulation T Margin Requirement:     102,157.88
  Special Memorandum Acct:              37,567.91

The account value of $112,716.23 compares with the value a month earlier of  $114,712.06, a return of -1.74%. However, this does not take into account $2,500.00 withdrawn from the account during the month. Adding this in to the final value gives a return for the month of 0.44%.

This compares with the change in the S&P 500 Index from 1,412.16 to 1,416.18. Adding an estimate of a quarter percent dividend payment (one twelfth of 3%), this gives a return of 0.53% for the S&P 500, so my portfolio underperformed the market in the month of November.