Long Portfolio Feb 2022 Update
March 02, 2022 - 10:26 amWe trimmed positions in Q4 and raised our cash balance in our long only portfolio, and that strategy has helped us stay ahead of the S&P's performance YTD. While the geopolitical situation with Russia and Ukraine has spiked volatility with the Vix over 30 and almost hitting 39 last week, the S&P is down 9.5% year to date.
We're holding 5 positions, 2 that are down and 3 that are positive, and we have a 62% cash balance which feels great. We have stocks we're watching to put our dry powder to work and look for new buys in the coming days. The lack of clarity on the fighting in Ukraine is creating a lot of market headwinds, and any sign of a known outcome here will likely send the market higher.
This portfolio is up 72% since Jan 1, 2021, and it's down almost 7% year to date.
| Total Invested |
$100,000 |
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| Beg Year Balance |
$185,197 |
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| Current Value |
$172,459 |
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| Gain/Loss |
72.46% |
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| Position |
Weight |
Entry Date |
Shares |
Entry
Price |
Current
Price |
Position Cost |
Position Value |
Gain/Loss % |
| CASH |
62.5% |
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$107,840.29 |
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| QCOM |
10% |
1/1/2021 |
98 |
$153.01 |
$169.50 |
$14,994.98 |
$16,611.00 |
10.8% |
| MSFT |
12% |
1/1/2021 |
67 |
$222.53 |
$298.28 |
$14,909.51 |
$19,984.76 |
34.0% |
| PENN |
3% |
1/1/2021 |
117 |
$85.26 |
$50.68 |
$9,975.42 |
$5,929.56 |
-40.6% |
| MRNA |
8% |
1/1/2021 |
93 |
$107.23 |
$144.46 |
$9,972.39 |
$13,434.78 |
34.7% |
| JWN |
5% |
1/1/2021 |
319 |
$31.32 |
$27.14 |
$9,991.08 |
$8,659.03 |
-13.3% |
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| TOTAL |
100% |
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Total Return |
$172,459.42 |
72.46% |
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YTD Return |
($12,737.94) |
(6.88%) |
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S&P Year to Date Return |
(9.47%) |
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Dow Year to Date Return |
(8.09%) |
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Nasdaq Year to Date Return |
(14.17%) |