Sunday, February 02, 2020

January 2020 Performance

January started out strong and then the virus bug hit the market. My portfolio was able to produce a small gain of 2.7% for January. There were no changes to my holdings other than the closing of the Medicines Company arb play. The proceeds from the Medicines Company went back to my cash holding (currently ~ 15%). This market had been priced for perfection so it will be interesting to see how much of an impact this bug will have on the market. I think it will just be a minor annoyance and the market will take this in stride. The headline news will be ugly, but just need to remain calm and look for opportunities when people start being irrational.

What a start to the New Year…

2020 YTD Performance = +2.7% with the running monthly returns as follows:

January +2.7%