Overall Performance since April 28, 2001:
Portfolio value is $1,590,442
Portfolio is plus $90,442 or +6.03%
I'm certainly not against the premise of the hedge strategy that Michail is applying in the trading strategy. I just thought it would be worthwhile to check in on some benchmark performance levels every now and then and compare to see how things are going.
The benchmark examples I use are the non taxable variety as it simply represents buying and holding the QQQ or the SPY as well as comparing to some other benchmarks. All for the sake of comparison.
Using the closing prices of the QQQ and SPY on the evening of April 27th, the returns to date on those instruments are:
QQQ = 12.7%
SPY = 4.5%
In dollars using the portfolio value of $1.5 beginning value, the returns are as follows:
$1.5 M invested in the QQQ would have been 33,222.59 shares which are now worth $1,691,029.
Gain of $191,029 or 12.7%
Using the 79.75% invested ratio, $1,196,250 in QQQ plus $303,750 in cash would have been 26,495 shares which are now worth $1,348,592 plus the cash = $1,652,346.
Gain of $152,346 or 10%
$1.5 invested in the SPY would have been 11,925.58 shares which are now worth $1,567,975.
Gain of $67,975 or 4.5%
Using the 79.75% invested ratio, $1,196,250 in SPY plus $303,750 in cash would have been 9510.65 shares which are now worth $1,250,460 plus the cash = $1,554,210.
Gain of $55,421 or 3.7%
Using the 100% invested ratio, a half position in each the QQQ and SPY ($750K each) would have resulted in $1.5 M growing to $1,629,501.
Gain of $129,501 or 8.6%
$783,987 for SPY
$845,514 for QQQ
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$1,629,501 or 8.6%
Other notable return measurements for the time frame:
DOW = 4.1%
SPY = 4.5%
Michail's Portfolio = 6.03% **
Russell 2000 = 6.9%
S&P 600 Small Cap = 7.8%
SOXX = 8.1%
Nasdaq Composite = 11.5%
QQQ = 12.7%
** This return is not counting capital gain taxes or the interest on the cash position. Realized gains to date are $141,110. Portfolio value is plus $90,442 from the start date.
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