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Thursday, March 28, 2024

Top Trades for Thu, 14 Jun 2018 14:04 – Money Talk Trades

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Top Trades for Thu, 14 Jun 2018 14:04 – Money Talk Trades
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Money Talk Portfolio Review:  I won't be doing the show again until July so we haven't touched a thing in it since Feb 1st. Nonetheless, a well-balanced portfolio is it's own reward and we're up another $6,010 from our 5/17 Review, which is very impressive as it's just a $50,000 Portfolio.  Well, it's $92,727 now as we're up 85.5%!  

The funny thing is, this portfolio is full of FU positions that we simply left alone!  It doesn't get much more low-touch than this, the only adjustment we ever made was to get more aggressive on IMAX…

  • ALK – Good for a new trade and I want to add a bull call spread.
  • IMAX – Well-behaved now.
  • SQQQ – Notice how this simple hedge as covered us up to $28,0000 for $3,000 since Feb and is good until Sept and, in all that time, we're only down $1,280?  That's the total cost of our insurance in this portfolio – insurance that would have paid us back $28,000 out of our initial $50,000 principle of the markets had gone horribly wrong.  Hedging does not have to be complicated, or expensive!  

  • AAPL – Accounting for a lot of our profits.
  • ABX – A late starter but I like them with gold coming back.
  • GE – Not as devastating as you'd think considering we went in in Feb.  
  • LB – Back on track but only have until Jan to get to $40 so no more missteps.  

  • WPM – Gosh I love this company!  

Well that was easy.  It''s a near perfect portfolio and you can see why I started a hedge fund because ordinary investors like the people who watch Money Talk up in Canada are like "WOW!" and you guys are like "Yawn – only 85%?"