The gold and silver stocks portfolio was started on 25th January 2016, with a few rocks.
Here we are exactly 6 months later, 25th July 2016, with over three dozen rocks.
Position sizes vary from 8% to 1% across the portfolio, for risk management purposes.
Over the 6 months period to date, no leverage has been used, no ETFs used, no day trading used, and only one hedge, which ended up being a losing trade. Going forward the only hedge that is planned is cash. Shorting a bull market is hard work.
Performance over the 6 month period:
UNREALIZED PROFIT $213,240
REALIZED PROFIT $190,717
CURRENT VALUATION $603,957
% RETURN TO DATE 202% (404% annualized)
The aim is to attempt to achieve around 300% to 400% for the first year, to 25th January 2017. Of course, that depends on Mr. Market, but I am quietly optimistic that those numbers could be achieved, using the current strategy of sitting, in the right rocks, with appropriate risk adjusted weightings.
Doubt whether there is anyone out there globally, including all the professional hedge funds and portfolio managers, who have achieved anything close to these 6 month returns in 2016, using purely a portfolio approach of around three dozen securities, without leverage, without derivatives and without day trading. If you find one, let me know, so I can study and learn from what they did!
Sit tight, right. Spock 😉