15 - May 2024 - End of month report
Bad, bad, bad
There is one piece of good news this month: we have not broken the bank! And if that’s not me looking at the glass half full, I don’t know what is.
Anyways, the portfolio is well off the grid on the upper side. There has been little or no trading all month, and during the two central weeks, there was a dividend distribution which, in the case of shorting exposure, means a fee levied on the portfolio. All in all, this translates to the first month of unrealised portfolio drop in more than a year, a whopping -1.65%.
The unrealised portfolio gain for the year remains in double digits, but the profitability of the copies is largely dictated by the point in time when the copy was started, so these numbers may or may not make a lot of sense for your investment.
To close this sad monthly report, let’s cheer ourselves up with the prospect of nuclear armageddon, the fact that wars are popping up everywhere like mushrooms in the fall, election uncertainties around the world, and a potential recession that has been four months away for at least two years. What I mean is that there is plenty on the horizon to justify a probable return of the index to more salubrious levels. In the meantime, let’s just sit patiently and wait for events to unfold.
Instead of my customary “good trading” farewell, I’ll offer a “keep calm and trade on” one 😉
Alex
💰 The growth for this month was $-1,763.00 (-1.65%) .
⏺️ eToro data
- Month Average Risk: 6,
- Month Max Risk: 6,
- Performance -17.92%,
- Copiers number: 704, -194 (-21.62%),
- AUM: $1,850,000.00, $3,010,000.00 (-38.52%)
- Portfolio value:
- Unrealised: $100,203.00
- Realised: $61,607.00
- Portfolio composition:
- ASSET: INVESTED, VALUE
- Index: 66.91%, 20.06% ($UK100)
- Share: 3.02%, 2.58% ($SBSW (Sibanye Stillwater Ltd-ADR))
- ETF 3.00%, 4.11% ($SPLV, $VNQ)
- Cash: 27.07%
⏺️ My data:
- Unrealised performance
- Total change: $-1,763.00 (-1.65%)
- Weekly breakdown:
- W1 0.40%,
- W2 -1.03%,
- W3 -1.14%,
- W4 0.01%,
- W5 0.08%... Show More
Hope you are as well as can be expected, Alex!
I may be being a bit thick here but are you using the words "realised" and "unrealised" in the opposite way to what most people would? Surely if your portfolio drew down by over 25% this year or 17% in May (as per bar chart) then that would be an unrealised... Show More
Solo una richiesta... Se dovesse servire un'integrazione di liquidità per proteggere gli SL a forma di ombrello di protezione ci faccia sapere in anticipo che predispongo un'aggiunta per tempo... Grazie mille ... Show More Translate
"many indicators" suggest there is more downside than upside potential from now essentially till Q1 2024.... however may be an idea to hedge should things not turn in next 2-3 months?... Show More
@Macchia69 I appreciate the sincerity of your post. I trust in you and I'm sure the situation will improve. If I'm not mistaken, your strategy is based on two support points of the index, once reached you go long or short. Following the current experience, do you plan to change your strategy in the... Show More
I'm new and started copping at the beginning of the month when the UK100 was at it's highest. as a result I have positions in the 20% area, do I close these positions? ... Show More
Correct me if I am wrong, but when we close a sell position that has been open for some time, are we meant to earn refunds?
The sell positions closed today, have overnight fees?... Show More
good to see things moving slowly back in the right direction at last, but these small positive trade closes are being absolutely dwarfed by the fees accrued from holding them...... Show More
hi Alex, Can you help me understand the state of my investment in your portfolio? I've been with you for about a year and don't understand these stats? Am I meant to be doing something, like closing trades? Is now a good to time to add money? (Being that it's in the red?). Grazie.... Show More
