Monday, October 25, 2021

Too Many IPOs

I'm starting to get weary when the IPOs start flooding the market. I just checked my broker and this is their current offerings:

I'm not participating in any as I view them as low quality offerings. You have to question why the discount brokers are trying to peddle these to their customers.


Monday, October 04, 2021

September 2021 Performance

September was simply a lousy month, and nothing went up. It’s feeling like the typical seasonally weak periods of September – October. Hopefully we get through October and start rallying toward the end of the year. I did put ~ 5% of the portfolio in some alternative investments (still waiting for those to close).

As in my previous post, I did play Sogou. That was practically free money as all signs were indicating a closing in a few days. The market was highly skeptical for some reason even though it’s ADR sponsor published a report with a closing date. This resulted in a relatively large spread / annualized return. There’s a lot of inefficiencies with the Chinese securities and one can make some decent money with a little detective work.

One of my long term favorites, Constellation Brands reports on Wednesday. We’ll get a good read in terms of how booze is doing with the economy opening up. I expect a relatively strong report in terms of depletions, but I do have concerns with inflationary costs impacting earnings.

Hoping for a positive Q4…


2021 Performance = +2.65% with the running monthly returns as follows:

January -2.1%

February +0.6%

March +0.99%

April +5.77%

May -3.56%

June +4.0%

July +2.23%

August -2.8%

September -2.1%