November 2024 Report

This has been a difficult year as I’m currently underperforming the S&P 500 by ~ 10%, but November produced some nice gains with a rally in Apple, Visa and Mastercard. I was surprised that Visa had such a strong gain in the face of the antitrust lawsuit. I guess the market is pricing in a more market friendly administration towards the financial sector. Visa is literally a printing press and it’s hard to bet against this company. What I have learned is to never sell a great company and just let the gains compound over time.

With the new administration, it looks like the IPO window will swing wide open. The IPO market has been in a dry spell for the past few years. It'll be interesting to see if some of the unicorns will decide to go public next year.

We’re entering one of the most bullish times of the year and looking forward to the market close out on a strong note. I just have to be cautious with my options plays. I’ve been way over leverage at times and need to take step back. With selling naked options, you cannot make a mistake or else it will cost you quite a bit.

 
2024 Performance = + 18.83% with the running monthly returns as follows:

January + 0.02%
February +0.99%
March – 0.33%
April - 3.07%
May + 5.16%
June + 3.52%
July + 2.42%
August + 2.52%
September + 2.11%
October – 1.76%
November +6.20%