End of Year Bored Hedge Fund Report
Posted: Mon Jan 02, 2023 6:07 pm
Well, the good and the bad and the ugly of the farmer VS the Stock market.
First-the EOY Bored Hedge Fund report.
As a reminder, the strategy for this fund is based on 2 complementary tactics.
1) Make quick trades based around the relevant dividend dates to collect a quick dividend and sell the stock and move onto the next stock.
AND
2) If a stock drops after I buy it, hold it and collect dividends until I can break-even or sell for a gain or a (very)small loss.
3) Note that the account started with about $7,500 and the basic trade is based on $750.
The number I care about the most is that since mid-June about 90 closed trades showed a gain of $591.70 or 7.89%.
But to account for where I am at EOY-I have 9 open trades that I have been sitting on for awhile as to sell them would result in a substantial loss.
The 9 holdings are currently valued at $5,801.07 showing a loss of $1,788.84.
However, I have also gotten $317.34 in dividends on these 9 turns.
So the best way I can figure it is a $1,788.84 loss partially offset by the $317.34 in dividends on those shares and the $591.70 gain on the closed turns.
For an EOY negative return of $879.80 or negative 11.7%.
Oh, and just to account for all possible variables, the account has $976.90 in cash-so I can open a turn tomorrow.
It has been rather boring for awhile as I have only been able to play with one open turn for several weeks.
OTOH-I am soon approaching the 3rd dividend cycle on some of these open negative turns and they might be getting close to being closed out.
FTR-I made a bad decision and ate some losses a few months back as I had a gain of $742.65 on closed turns. Lesson learned-just be patient.
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First-the EOY Bored Hedge Fund report.
As a reminder, the strategy for this fund is based on 2 complementary tactics.
1) Make quick trades based around the relevant dividend dates to collect a quick dividend and sell the stock and move onto the next stock.
AND
2) If a stock drops after I buy it, hold it and collect dividends until I can break-even or sell for a gain or a (very)small loss.
3) Note that the account started with about $7,500 and the basic trade is based on $750.
The number I care about the most is that since mid-June about 90 closed trades showed a gain of $591.70 or 7.89%.
But to account for where I am at EOY-I have 9 open trades that I have been sitting on for awhile as to sell them would result in a substantial loss.
The 9 holdings are currently valued at $5,801.07 showing a loss of $1,788.84.
However, I have also gotten $317.34 in dividends on these 9 turns.
So the best way I can figure it is a $1,788.84 loss partially offset by the $317.34 in dividends on those shares and the $591.70 gain on the closed turns.
For an EOY negative return of $879.80 or negative 11.7%.
Oh, and just to account for all possible variables, the account has $976.90 in cash-so I can open a turn tomorrow.
It has been rather boring for awhile as I have only been able to play with one open turn for several weeks.
OTOH-I am soon approaching the 3rd dividend cycle on some of these open negative turns and they might be getting close to being closed out.
FTR-I made a bad decision and ate some losses a few months back as I had a gain of $742.65 on closed turns. Lesson learned-just be patient.
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