A better place to park cash

A better place to park cash

May 23, 2022 - 2:10 pm

We currently have just over $150,000 in cash in our Long/Short portfolio, some of it from the two short positions in CVNA and RH.

Since the US Dollar has been rallying against global currencies, and inflation is still higher than normal it's prudent for us to invest most of our cash into an instrument with yield, and the Invesco DB US Dollar Index Bullish Fund (UUP) looks attractive.  It's up almost 10% YTD and primarily holds US Treasuries and money market instruments. 

We bought 3,000 shares of UUP today at $27.31, and still have almost $68,090 or 34% of the portoflio in cash.  Here is where we stand today.

Total Invested $100,000              
Beg Year Balance $171,825              
Current Value $199,761              
YTD Return 16.26%              
                 
Position Weight Entry Date Shares Entry
Price
Current
Price
Position Cost Position Value Gain/Loss %
CASH 34.1%           $68,090.68  
MSFT 9% 1/1/2021 67 $222.53 $260.65 $14,909.51 $17,463.55 17.1%
MRNA 6% 1/1/2021 93 $107.23 $137.62 $9,972.39 $12,798.66 28.3%
USO 10% 2/22/2021 242 $41.30 $81.97 $9,994.60 $19,836.74 98.5%
FCX 5% 2/22/2021 259 $38.58 $38.35 $9,992.22 $9,932.65 -0.6%
CVNA -1% 11/8/2021 -67 $295.00 $30.24 ($19,765.00) ($2,026.08) 89.7%
RH -4% 11/8/2021 -32 $654.50 $256.42 ($20,944.00) ($8,205.44) 60.8%
UUP   5/23/2022 3000 $27.31 $27.29 $81,930.00 $81,870.00 0.1%
                 
                 
                 
TOTAL 59%         Total Value $199,760.76  
            YTD Return $27,935.82 16.26%
                 
  Short Position         S&P Year to Date Return (16.65%)
            Dow Year to Date Return (12.18%)
            Nasdaq Year to Date Return (26.85%)