August 2022 Performance
The slow steady grind down continues with one step up and two steps down. I have not made any changes to my portfolio and will wait out this storm. There is so much bearishness in this market, almost seems like the market should rally hard. Remember that the market is looking out 6 to 9 months into the future so and will bottom when there is maximum gloom and doom.
I’ve significant slowed down
the put selling as the premiums has evaporated with the recent rally. Hopefully
with the continuation of the decline, the premiums will fatten up a bit. In any
case, I am going to take it easy with the put selling and not get too greedy. When
you sell puts, you are always worrying about a black swan event.
Another quiet and boring month
with not much to report.
2022 Performance = -8.13% with
the running monthly returns as follows:
January -0.68%
February -6.00%
March +4.89%
April -4.41%
May -2.90%
June -7.28
July +12.5%
August -3.1%
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