SQ asked me privately whether the chart shows absolute or relative returns. The chart I posted earlier only shows absolute returns (i.e. how much the price moved after the sale or trim and does not take into account what I did with the proceeds or how the new investment performed.)
The full AI-Audit does actually take into account for the relative return. So, you can see below on relative terms, how the new investments performed (i.e. verdict of the swap):
Swap themes — results & verdicts 1) SCHD > DGRO / QQQ / FTEC / GLD / FBTC / SMH - What you sold: numerous SCHD trims across accounts (Jul - Oct). Average price movement after sale: ~ -0.6% to -1.6% (SCHD generally traded flat-to-down after your sales).
- What you bought: DGRO (returns ~ +4–12% across accounts), QQQ and FTEC (returns large: QQQ ~ +19–32%, FTEC ~ +11–44% across different lots), SMH/GLD/FBTC various hedge buys (SMH small +, GLD modest +, FBTC volatile -).
- Verdict: GOOD.
Why: SCHD underperformed peers and was near flat/soft after your sales, while DGRO/QQQ/FTEC produced clearly stronger returns (especially QQQ/FTEC). Reallocation improved growth tilt and improved portfolio returns while you retained dividend exposure via DGRO.
2) THQ / THW trimming & selling > redeploy (tax-loss harvesting, rotate into ENB / THW builds / AIO) - What you sold: THQ & THW (you harvested losses and de-risked). After sales THW/THQ actually rebounded strongly (+15–25% in some cases).
- What you bought: you redeployed some proceeds into positions like ENB, THW averaged earlier, AIO, and other income names. AIO etc. are modestly down (~ -1% to -3%) or flat.
- Verdict: MIXED — leaning BAD on pure mark-to-market, but OK strategically.
Why: On pure price change, you missed rebounds (THW/THQ snapped back), creating material opportunity cost. But you achieved tax-loss harvesting and rotated into cleaner, higher-quality or different-risk exposure (AIO, ENB). If TLH + redeploy into less risky holdings was the goal, the trade-off is defensible — but on dollars held, THW/THQ rebound cost you.
3) AVGO trims > buys of MRVL and increased AVGO exposure in Roth / growth stacking - What you sold: trimmed AVGO (you realized profits earlier in 2025). AVGO afterwards continued to show further gains in many lots (but you also later added AVGO in Roth with solid returns).
- What you bought: MRVL (multiple buys) — MRVL returned very strongly (+~20–30% across tranches), and you also redeployed to augment AVGO in tax-advantaged accounts.
- Verdict: GOOD > MIXED.
Why: You realized profits on big winners (prudent). Replacement MRVL produced strong growth — so the redeployment produced good incremental returns. However selling AVGO truncated some upside you could have retained with partial trimming rather than larger tranches. Net result: your redeployment into MRVL paid off, so the swap was overall positive.
4) ETF liquidations (BrokerageLink: FTEC / IVV liquidation) > moved capital to other accounts / buys - What you sold: Liquidated FTEC & IVV in BrokerageLink (8/7) to move money out of 401K; both rallied afterwards (FTEC +~9%, IVV +~5%).
- Where funds went: into same ETFs or other accounts later, and into taxable buys (UTF, AIO, AMLP, etc.). Many of those replacements are still flat-to-small negative or slightly positive.
- Verdict: MIXED / NEUTRAL.
Why: You achieved the structural goal of moving money; slightly missed immediate upside in those ETFs, but replacement assets served different goals (income or taxable-friendly positioning). Operationally fine; mark-to-market miss modest.
5) LTC / OHI / BME rotation (REIT/REIT-like swaps) - What you sold: LTC trimmed/sold (mid-August) at near-flat.
- What you bought: OHI and BME (you disproportionately bought BME, a high-yield healthcare CEF). BME shows small positive returns (~+2–3%); OHI modest negative initially but improved in some lots.
- Verdict: GOOD.
Why: You rotated from a flat performer (LTC) into higher-yield / better-performing health REIT exposure (BME/OHI), and BME has shown constructive performance. This trade increased yield and improved relative total return in taxable accounts.
6) VZ trims > buys UTF / AMLP / AMLP & other MLP / infrastructure exposure - What you sold: VZ trimmed early Oct (small ST gains). VZ then traded slightly lower (so trimming likely saved small risk).
- What you bought: UTF and AMLP and other yield plays (~neutral to small negative returns short-term).
- Verdict: NEUTRAL.
Why: You rotated from old telecom into higher-yield infrastructure and energy/midstream. Relative performance is roughly flat short-term, but the reallocation aligns with your income + yield priorities and tax placement.
7) BUI > AIO / PCN (CEF swaps) - What you sold: BUI trimmed/rotated in Aug–Sep as it got “rich.” BUI was flat to slightly down after sales.
- What you bought: AIO, PCN and other higher-yield CEFs (AIO trades near NAV with ~7% yield; PCN ~10%+). These are modestly down short-term.
- Verdict: MIXED > GOOD (structural).
Why: You left a small near-term mark-to-market drag (replacements slightly negative). But you took capital from an overbought CEF into cheaper/higher-yield CEFs — a defensible value rotation that should pay off if NAVs mean-revert or distributions hold.
8) Selling individual growth pieces (PLTR, NVDA etc.) > reinvesting into higher-conviction growth (AVGO / MRVL) - What you sold: PLTR (you sold all; later added again), NVDA trims (some sold) — sales sometimes because of lack of confidence or to fund other growth names. PLTR later ran strongly after some sells (+15% in earlier sales).
- What you bought: AVGO and MRVL and increased QQQ/SMH exposure. MRVL performed exceptionally well; AVGO performed strongly too.
- Verdict: GOOD (if you redeployed into MRVL/AVGO in Roths/IRAs).
Why: Moving into MRVL/AVGO increased growth exposure in tax-advantaged accounts and MRVL in particular delivered high returns. Selling some NVDA/PLTR to rebalance into diversified semis was positive overall (you preserved gains and kept exposure via other names).
9) Selling AMLP / AMPLP-related trims (energy exposure) > buying defensive or cash positions - What you sold: AMLP trimmed/sold due to recession fears. AMLP fairly flat after sale.
- What you bought: Cash or holdbacks (no big redeploy documented).
- Verdict: NEUTRAL.
Why: Conservative move; not much lost or gained.
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