May 2022 Portfolio Update

May 2022 Portfolio Update

May 31, 2022 - 4:56 pm

For the month of May we gained ~7% in our Long only prortfolio while the S&P remained flat.  We are now ahead of the broader market by 15%.  The only trade this month was parking most of our cash into UUP on 5/23, which we should have done earlier, and we still have just over 8% or $15,671 in cash.

Our overall belief on the market is that we're in a bear cycle, and rallies are still part of an overall down trend. We'll look for troughs in the market where we can enter new positions, and only into those that seem to have both growth and value characteristics. However, with rising interest rates, P/E compression is highly likely which will further drive the market lower, which will redefine what value really means relative to recent historical norms.

Here's our portfolio today:

Total Invested $100,000              
Beg Year Balance $185,197              
Current Value $188,394.54              
YTD Return 1.73%              
                 
Position Weight Entry Date Shares Entry
Price		 Current
Price		 Position Cost Position Value Gain/Loss %
CASH 8.3%           $15,671.39  
MSFT 10% 1/1/2021 67 $222.53 $271.87 $14,909.51 $18,215.29 22.2%
MRNA 7% 1/1/2021 93 $107.23 $145.33 $9,972.39 $13,515.69 35.5%
JWN 4% 1/1/2021 319 $31.32 $26.43 $9,991.08 $8,431.17 -15.6%
AMZN 13% 3/14/2022 10 $2,857.00 $2,404.20 $28,570.00 $24,042.00 -15.8%
EPAM 41% 3/14/2022 200 $212.00 $338.52 $42,400.00 $67,704.00 59.7%
UUP 25% 5/23/2022 1500 $27.31 $27.21 $40,965.00 $40,815.00 -0.4%
                 
                 
                 
                 
TOTAL 100%         Total Value $188,394.54  
            YTD Return $3,197.54 1.73%
                 
            S&P Year to Date Return (13.29%)
            Dow Year to Date Return (9.05%)
            Nasdaq Year to Date Return (23.16%)