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Thursday, March 28, 2024

Philstockworld October Portfolio Review

Image result for one million dollars animated gif$2,108,475! 

That's up "just" $14,565 since our September Review on our paired LTP/STP Portfolios, which was our intention after gaining an insane $133,849 from August.  Our intent was to lock in our gains into earnings and that's excactly what we did by pressing our hedges, which caused the STP to lose $56,000 as the market kept going higher while the gains in the LTP continued to keep us just slightly bullish and offset the losses on our hedges.  Of course, keep in mind that $14,565 is an annualized $175,000, which really doesn't suck considering we began with a combined $6,000 in November of 2013 so Happy 4th Anniversary to our main portfolios!  

Read my notes from the last reports – no changes – we're cautious for the same reason but pay particular attention to the kinds of adjustments we made and how they worked out.  That's another HUGE benefit of keeping our portfolio well-balanced – the stability gives us lots of time to tinker with and perfect our positions as it's very easy to make a few minor adjustments, when you don't have to worry about having to make a major one…

Short-Term Portfolio Update (STP) - Submitted on 2017/10/19 at 3:20 pm:  $430,680 is down $56,347 on our hedges in the past month and that neatly negates about 2/3 of the LTP's gains so we're a bit more bearish than we were last time (in our paired portfolios) after making several bearish adjustments that were intended to move us to neutral.  

So, on the whole, we made about $25,000 despite ourselves, which is the strength of our model for selling premium.  The primary purpose of the STP is to protect the LTP - it's not supposed to make money in a bull market but it BETTER make a lot of money when we turn bearish. 

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