OT – A little follow up on my results over a wild two-and-a-half weeks.
On Monday, July 23rd my portfolio hit a high of up 64.3%.
Then we hit the big sell off of tech stocks, when shorts we had never seen on the board before showed up to warn us that “The end is near, repent, and go into value stocks or cash!”
When I gave you my end of the month totals as of the last weekend of the month on Friday, July 27th, my portfolio had fallen to be up just 55.3%. (This was just four days later).
By the following Tuesday, the 31st, it hit bottom at up 43.6% (This was just two trading days later, and it had dropped from 64.3 to 43.6 since the 23rd, so this was a pretty abrupt sell-off).
Now, nine days later, I’m at a new high of up 69.1%. (From up 43.6% just seven trading days ago).
Combined with my results from last year that means that my portfolio is at 311.5% of where it started last year. The whole portfolio, not one stock. More than a triple on the portfolio.
For anyone curious, here’s the simple calculation. (1.842 x 1.691 = 3.115)
That should set the minds to rest of those people who keep worrying what will happen to us if the market turns down. If my whole portfolio drops 50%, I’d still be up over 55% on the two years, and doing much better than staying in cash or buying index ETF’s (which would also have gone down). A little better actually, as I’ve been segregating living money as I’ve been telling you. On the other hand, if the market doesn’t crash….
By the way, as I always do, let me urge you to keep enough cash set aside to weather one of the major crashes without having to sell at the bottom. Tariffs and trade wars and rising interest rates can certainly crush the economy after a while.