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%