Personal investment accounts ytd performance
For those of you who are allowed through work/enjoy managing their own money, how have you done this year? I actively manage my $250k act and am up 8.7% as of today having not deployed more than 70% of my account. My big plays have been long rates, long energy and ag futures, short equity through both funds and long puts on select single names and long vol via atm calls on vix. I’m currently sitting on 75% cash with the remaining 25% being short the broader equity market. Personally, I do not feel we have bottomed. I’m thinking I will put a large chunk in atm leaps on spy & qqq as well as some gold chip closed end funds soon and when I get my bonus this year use that as ‘active management’ money. While ‘yolo’ plays are entertaining to hear about, would prefer to hear about success through well thought out investments.
Levered up and invested heavily in tech early last year for 'personal diversification (I cover P&U)' . YTD -35% last year. Now I owe the bank 20k...
Curious how did you guys find time to follow stocks and trade
That’s a tough year. Important to keep your head right and stay in the game if it’s something you enjoy.
Personally I enjoy reading financial news. I do that when I have time through the day, take a list of things I see that could be actionable, and then put pen to paper on strategies that I feel confident I could execute on over the next few days. I also work in real estate and my schedule can be 30hr weeks or 80hr weeks, so I can find time most often. Most of my plays have been macro in nature, so not deep diving single names. I enjoy the nature of macro investing and when you read about it a ton, why not put your money to work that way? With my single name puts I have been researching high flying tech names (beta north of 1.5) and selectively buying puts. I am straying further away from this bc if we crash and liquidity drys up I don’t want to be stuck with massive bid/ask on single name vol
8.7% is great, especially in this environment. I have been sitting on cash as I pulled out when Biden became president and had no faith in him, and I had a wild past couple years actively trading and was burned out.
Inflation fucked me, but the money is safe. Didn’t pull my IRA or 401k but I’m young and don’t have much money in either $18k IRA, even less in 401k so not worried
Thanks! I feel pretty good about it right now. Do you have a plan to go back into the market? It burnt on active, have you considered passive for the long term?
I think we just kicked off a recession. Eventually I will return and will look towards passive. I got lucky trading volatility in the Covid crash and subsequent run up.
I'm down ~10% this year. Would say most of my holdings are the mega cap tech names. I bought $XLE early this year when Russia invaded Ukraine, which has offset some of the losses from the Nasdaq names. Also hold some financials/SPY/VTI.
We may have reached a bottom as some of the recession news has been already priced in, but i still remain wary with mid-terms approaching.
Hey you’re beating the broader market, so good work! Xle was a good choice. Do you have a go forward plan after mid term chaos?
In the short term, ill be adding for energy/nat. gas equities. Towards the end of the year, ill be adding to my tech holdings when the Fed starts cutting rates.
I’m not doing great. Can’t trade energy stocks actively as I’m working for a major lol. Went into the year mostly cash. Started dcaing into ETH (staked to ETH 2 for a modest IR) and got some I-bonds to use as a savings account. Re: equities, sold some for a loss. Only picked up some value names (berkshire, coke) thus far. Currently sitting short (quite levered lmao) via TQQQ atm puts expiring in a few months. I also don’t believe this is anywhere close to over. Unemployment hasn’t kicked in yet and IMO people are underestimating how bad rate hikes are for the economy (pricing people out of housing/causing housing inflation even as actual home prices fall). I’m not predicting another great depression, just think the market has some ways to go still. Headwinds are strong.
I think your value picks were good ones. I suspect that managing through this current market regime value will really continue to do well.
I love that tqqq play. I’ve been thinking about doing the same. Any insight to why you picked puts on TQQQ vs calls on sqqq? I would think with downside protection being more expensive sqqq might have been the way to go but I haven’t looked at term structure.
flat on the year. I'm not mad
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