Post #3 – For the 1st full week of July (Monday 3rd to Friday 7th)
As promised on Monday 26th June 2023, I will be sharing the weekly performance of my #investment (and speculative) portfolio. They are actual assets traded on the US stock markets. It is NOT a simulation. I am committed to transparency regardless of how bad & painful my results might be.
Floating profit varied between: $14 and $24. My closing floating profit is $16.78.
My actions of the week:
1) A buy order limit at $13.9 for 2 Paramount Global (PARA) stocks is set. The stock is still at $16 so my order is still pending
2) A stop-loss at 10% ($132.8) from my entry price ($147.57) on the semiconductor index. It is to limit my losses in case the index plummets and avoid having my money trapped till the index rises back. (It is an advice that I heard and applied from my manager who have experience in private banking).
3) A take profit of almost $7 on the FAS (The 3 times leverage bank yield). When the bid price hits $64.82, I realize my $7 profit on the ETF.
I am an aspiring asset manager. I am doing that 1) to learn 2) make you learn 3) and build your trust in me.
#assetmanagement
alfredacar.com (professional blog) is still in construction.
Have a great weekend!
See you next Saturday!
The below screenshots show my positions and floating profit as of market closure on Friday 7th July 2023
Post #4 – For the 2nd week of July (Monday 10th to Friday 14th)
For this week update on my portfolio holding assets on the US stock market (This is NOT a simulation):
The floating profit varied profit from just $16 to almost $55 (a bullish market given an initial investment of just $442 which results in a floating profit of 12.4%)
Actions taken:
1) SMH: The ETF index (a share that owns multiple smaller portions of other shares) on semiconductor (processors in computers, smartphone and vehicles) was hitting a ceiling at $160. Since it has been almost a month that I was holding it, I sold it on the early trading session of Thursday at $156, realizing a profit of $9. Thanks to the insights in technical analysis from my manager.
2) Buy orders are set for ETFs targeting the Aerospace & Defense industry, and other semiconductor indexes, based on a scoring sheet developed from a former private banking professional.
3) Gold is still quite high. It will probably rise again in the next week to reinforce its new level.
4) Precious metals, Rare Earth minerals, and Uranium ETFs are also under my radar.
Below is the floating profit and remaining open positions as of market closure on Friday night.
Have a great weekend!
See you next week!
Post #5 – For the 3rd week of July (Monday 17th to Friday 21st)
One of the best (comic & informative) movies for finance outsiders to learn about the Subprimes crisis in 2008 is “The Big Short” (2015).
At the end one of the (& my) heroes is said to invest in just one commodity: WATER!
65% of ourselves is made of water. Is there another molecule as vital for us as water? Dioxygen! Since O₂ is not as scarce as water, and called the “free good” (the only free good that is abundant thus free)
(NB: O₂ is sold in bottles for scuba divers and of course patients undergoing chirurgical operations… Air pollution did not reach yet a level forcing us to buy our O₂ bottles… nevertheless with our pollution rates, we are well set to buy ones for pennies today and billions later)
Jokes aside, water comes for the time being as our champion.
Water-focused ETFs (shares in companies treating & distributing water) have UNDERperformed the S&P 500 index.
Water ETFs are seen as defensive ETFs (persistent dividends & stable prices, regardless of the phases in the overall stock market)!
I will set buy limits on water ETFs.
Below are the returns of my holdings as the closure of yesterday. The losses are just from my short positions on real estate and of course banks (which are doing pretty well…). I am waiting for a Black Swan (in the NNT sense)
Have a great weekend and see you next week!
Post #6 – For the 4th week of July (Monday 24th to Friday 28th)
The floating profit of my portfolio varied between: $27 to $40.
The below screenshot shows the performances as of market closure.
It ended with strongly for the banking (FAS), technology and health care sectors (ARK family).
The real estate sector suffered a bit, explaining the rise of my ETF betting against real estate (DRV)
SouthWest Airline (LUV) stock’s decline is due to a lower than expected return on investment.
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With the rise of temperature and the vitality of water. What other resource can be as vital as water?
I went for Water ETFs (PIO, PHO, CGW, FIW). They capture the variation of indexes focused on companies treating and distributing water. I might have bought them at the wrong timing (some current prices are already at near peak), since they are all in the red, but I do bet on what composes us up to 65%.
Water ETFs have usually UNDERperformed the S&P500, but they are good defensive positions in crisis.
Water ETFs came to my mind when one of my mentors in “The Big Short” (2015) movie trades in one industry focused on just a single commodity… water.
Have a good weekend and see you next week.
