I’ve been sharing the performance of my long positions in my trading account each month so folks can see how I’m doing if for nothing other than sheer entertainment value (I’m not a professional, certified, blah, blah, blah). Anyway, since the last update on Aug 14, here’s how you would have performed if you invested an equal weighted portfolio in the same holdings I highlighted then:
- S&P500 Up 5.8%
- Darwin’s Portfolio Avg: 10.5%
- Darwin’s Portfolio Median: 10.3%
So, for the month, the long position in my portfolio just about doubled the return of the S&P500. I always temper my returns (rather than brag) by highlighting that I do hold high Beta positions, so in an up market, I’d expect outperformance and in a down market, it would be reasonable to lose more than the broad market. So far, my total porfolio’s up over 20% on the year vs. about 2.5% for the S&P500. That includes various options plays, pairs trades, shorting leveraged ETFs and other strategies above and beyond the long holdings I report here.
In my retirement portfolio, I have a long-term strategy which is primarily long/aggressive equities and I don’t play around with it. However, to react to near-term market conditions and events, I’ve been having great success as reported here monthly. Many experts are now saying Diversification is Dead – check out that report for more on how to actually navigate this market.