Friday, December 10, 2021

November 2021 Performance

November was a so so month and managed to generate a small gain. I think it’s safe to say that I will significantly underperform the market this year. If I can manage a ~ 10% gain this year, I’ll be pleased. Not much happening with my portfolio other than watching Alibaba go down and down and down.

I haven’t been involved any recent merger arb plays, but have continued selling Puts on high volatility stocks such as Tesla. It’s actually quite amazing to see how well Tesla has held up with Elon’s selling. I may just take a break from the Put selling as I don’t want to push my luck.

I continued to transition into pre IPO companies. These are fairly high risk due to their illiquidity and the only way to make money is to wait for a liquidity event (IPO or acquisition). I’m hoping for at least one to pursue an IPO next year. And there’s no guarantee that I will make any money as you are often paying a hefty premium to the last funding round. You’re betting on a block buster IPO out of the gate.

That's all I have... One more month and it’s a wrap for the year.

 

2021 Performance = +7.26% 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%

October +2.8%

November +1.65%

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