Tuesday, February 07, 2023

January 2023 Performance

It’s a New Year and a fresh start. Reflecting back to 2022, I’m glad that my portfolio did not implode and realized that the importance of minimizing losses is the key. 2023 started out well with a small gain. Nothing has changed in my portfolio with holdings in Apple, Airbnb, Ginkgo Bioworks, Mastercard, Qiagen, Constellation Brands and Visa. I did shift cash into T-Bills, which is currently yielding ~ 4.5% with a 4 week maturity. This is really the first time that I’ve invested in fixed income. I still can't believe that my broker is still offering a yield of just 0.35% with their cash account! This is literally robbery in this rate environment.   

In terms of options, I'm still doing the same thing by selling Puts and Calls on volatile tech stocks such as Tesla. I usually go out 20%+ out of the money, but you still have to be careful as the implied volatility can screw you over quickly. 

That’s all I have…

2023 Performance = +8.04% with the running monthly returns as follows:

January +8.04%


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