Close the UUP position in the portfolio

November 04, 2022 - 4:14 pm

We parked $81,930 of cash in our portfolio into UUP which is the powershares bullish US dollar ETF on 5/23/22, and that has since grown to $89,490 for a 9.2% return.  With UUP trading at $29.83 we are selling this postion since rising rates are going to hurt the US dollar, and weaking of the US currency looks like an irreversible trend for the next few quarters as the Fed tightens the money supply.

 

This is the portfolio before the UUP position being closed:

Total Invested	$100,000
Beg Year Balance	$171,825
Current Value	$206,390
YTD Return	20.12%
Position	Weight	Entry Date	Shares	Entry Price	Current Price	Position Cost	Position Value	Gain/Loss %
CASH	33.0%						$68,090.68
MSFT	7%	1/1/2021	67	$222.53	$221.39	$14,909.51	$14,833.13	-0.5%
MRNA	7%	1/1/2021	93	$107.23	$158.41	$9,972.39	$14,732.13	47.7%
USO	9%	2/22/2021	242	$41.30	$76.82	$9,994.60	$18,590.44	86.0%
FCX	4%	2/22/2021	259	$38.58	$35.19	$9,992.22	$9,114.21	-8.8%
CVNA	0%	11/8/2021	-67	$295.00	$8.76	($19,765.00)	($586.92)	97.0%
RH	-4%	11/8/2021	-32	$654.50	$246.06	($20,944.00)	($7,873.92)	62.4%
UUP	43%	5/23/2022	3000	$27.31	$29.83	$81,930.00	$89,490.00	9.2%
TOTAL	100%					Total Value	$206,389.75
						YTD Return	$34,564.81	20.12%

 

This is the portfolio after the UUP position is closed:

Total Invested	$100,000
Beg Year Balance	$171,825
Current Value	$206,390
YTD Return	20.12%
Position	Weight	Entry Date	Shares	Entry Price	Current Price	Position Cost	Position Value	Gain/Loss %
CASH	76.4%						$157,580.68
MSFT	7%	1/1/2021	67	$222.53	$221.39	$14,909.51	$14,833.13	-0.5%
MRNA	7%	1/1/2021	93	$107.23	$158.41	$9,972.39	$14,732.13	47.7%
USO	9%	2/22/2021	242	$41.30	$76.82	$9,994.60	$18,590.44	86.0%
FCX	4%	2/22/2021	259	$38.58	$35.19	$9,992.22	$9,114.21	-8.8%
CVNA	0%	11/8/2021	-67	$295.00	$8.76	($19,765.00)	($586.92)	97.0%
RH	-4%	11/8/2021	-32	$654.50	$246.06	($20,944.00)	($7,873.92)	62.4%
TOTAL	100%					Total Value	$206,389.75
						YTD Return	$34,564.81	20.12%