Monday, July 03, 2023

June 2023 Performance

This market continues to amaze me with this wall of worry rally. There is so much bearishness sentiment out there, but the market is discounting a lot of this news. We’ll eventually have that recession, but I can see the market rallying off the recession news. Right now, I’m cautious and maintaining a good cash position for opportunities that may arise. June was a strong month with a ~ 7% gain thanks to Apple. I have to admit that Apple’s Vision Pro demo was really impressive. I’ve been skeptical with all these VR headsets out there, but Apple is different and did a great job demonstrating use cases.

The portfolio remained status quo with no changes other than some small incremental cash from selling options. I’ve cut back a lot on selling options as I see risk in a market sell off. I’ll rather park the cash yielding ~4.75% and be able to sleep at night. When I have option positions, I always worry about that black swan event and sometimes have to sweat it out until expiration.
That's all I have...

2023 Performance = +25.08% with the running monthly returns as follows:

January +8.04%
February -1.60%
March +6.31%
April +2.39%
May +1.02%
June +7.00%


At July 12, 2023, Anonymous Anonymous said...

ATVI done deal?

At July 12, 2023, Blogger Money Turtle said...

Good question! Don't have a position yet, but I think it's got a very good shot of closing. Microsoft is not going to let this slip away after battling so hard with the regulators.

At July 12, 2023, Anonymous Anonymous said...

UK CMA maybe trying to get some deal done. Got in today, hopefully they can close soon

At July 12, 2023, Anonymous Anonymous said...

FTC just appealed. Gonna be some time i guess

At July 14, 2023, Blogger Money Turtle said...

I counldn't resist and jumped in today. The odds are too good to pass up.

At July 17, 2023, Anonymous Anonymous said...

Sony signing COD deal should be enough to close the deal tomorrow

At July 17, 2023, Anonymous Anonymous said...

I agree, should close tomorrow.


Post a Comment

<< Home