Our portfolio performed great this year
about double the overall market
S+P 500 +28.58%
NASDAQ 39.63%
avg = 34.11%
Z portfolio 69.19%
that's the good news
the bad was how we got there; we can learn from this
by April we were doing great, up $125,000, 25%
we then forgot the basics
did not take the small fast loss
did not use stops
averaged down
had a few huge concentrations in dogs
all the wrong moves
so by Aug 31 had dropped $201,000, to $424,000, down 32% from the April 30 balance
the last few months we nailed it
up 100% from the Aug low
the lesson here, as always:
it's easy to make money in the market
just as easy to lose it
follow the basics and we can do well
forget them and we are out of the game
if this had been real life
many would have given up
or gone broke
or paniced
or had huge margin calls
whatever
but 90% would have left the market
and never had a shot at the end of the year run
preserving capital is the first rule of this game
making money is a distant second
BEG BAL 500,000
JAN 513,000 2.56%
FEB 563,000 12.72%
MAR 551,000 10.15%
APR 625,000 25.04%
MAY 575,000 15.01%
JUN 588,000 17.57%
JUL 570,000 14.00%
AUG 424,000 -15.21%
SEP 471,000 -5.76%
OCT 590,000 17.93%
NOV 742,000 48.40%
DEC 846,000 69.19%
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