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portefeuille (99.60)

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April 26, 2014 – Comments (15)

I think I might as well continue writing a blog post every now and then, just don't consider any of this advice and if for some reason you feel compelled to follow what you consider recommendations of mine don't tell me about it. 

This post is on the "technical / emotional" problems that the zzporte endeavour brings with it.

I think I have done pretty well with both my real and virtual investing and contrary to what many appear to assume I have little problem translating virtual trading / investing into the real version. Maybe it's simply me taking the virtual side more seriously and the non-virtual side less seriously than most others do. I think I am slightly better at real investing than at simulations mostly due to having to focus on the "best ideas".

The real problem with playing my part in the zzporte collaboration is trying to get the portfolio safely off the ground.

Had zzlangerhans secretely been copying my recommendations and virtual trades since I started posting them in 2008 he would by now be up a few hundred % (maybe a few million $) and I could continue what I've been doing for over 5y now. But since we started investing part of his money in early 2013 we were well aware from the start that we had to "smooth into the market" quite carefully to never seriously go into negative territory. If I were into making short-term trades this problem would be less severe as I would soon have established a nice track record if things worked out, but as I try to keep at least a core position in many stocks for a few years and don't really want to concentrate on "market timing" I always knew that I could only very slowly scale into positions.

Take the zzporte RNA(i) basket for example. My "old fund" started buying those stocks in 2010, but trying to move some serious money into these positions in 2014 is quite a different task. If we manage to engineer a somewhat smooth lift-off all the crashes and dips of 2013 and 2014 will most likely hardly be visible on the long-term zzporte performane chart, but a prolonged biopharma equity downturn early on could kill zzporte not just in the case of underperformance but simply due to the inability to establish a decent profit cushion ("goodwill") in the early going.

15 Comments – Post Your Own

#1) On April 27, 2014 at 3:41 AM, portefeuille (99.60) wrote:



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#2) On April 27, 2014 at 11:16 AM, HarryCaraysGhost (99.71) wrote:

Porte, I love the title :)

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#3) On April 27, 2014 at 11:16 AM, HarryCaraysGhost (99.71) wrote:

Porte, I love the title :)

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#4) On April 27, 2014 at 11:18 AM, HarryCaraysGhost (99.71) wrote:

Title was so nice, I had to say it twice :)

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#5) On April 27, 2014 at 12:03 PM, Mega (99.97) wrote:

The real problem with playing my part in the zzporte collaboration is trying to get the portfolio safely off the ground.

I think another real problem is that your results are correlated with the biotech benchmark, and the future performance of that benchmark may be disappointing. 

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#6) On April 29, 2014 at 7:13 AM, portefeuille (99.60) wrote:

I don't think that is a problem over the long term. #zzporte is supposed to beat the biotech benchmarks by quite a bit.



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#7) On April 29, 2014 at 1:43 PM, portefeuille (99.60) wrote:



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#8) On April 30, 2014 at 3:21 AM, portefeuille (99.60) wrote:



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#9) On May 01, 2014 at 12:38 PM, portefeuille (99.60) wrote:



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#10) On May 01, 2014 at 12:44 PM, FrankoJames (93.04) wrote:

I thought MSFT banned Windows XP spreedsheets? Anyway, I like that ISIS pipeline for the next 20 years. Fool on...

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#11) On May 01, 2014 at 3:22 PM, portefeuille (99.60) wrote:

It's an openoffice spreadsheet :)

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#12) On May 01, 2014 at 3:24 PM, TSIF (99.96) wrote:

MSFT is not banning anything, they just now longer support XP for security patches, etc.

Amazes me that an OS open 8 years would still be full of security risks....but.....

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#13) On May 03, 2014 at 8:49 AM, portefeuille (99.60) wrote:



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#14) On May 03, 2014 at 8:56 AM, portefeuille (99.60) wrote:



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#15) On May 05, 2014 at 1:08 PM, portefeuille (99.60) wrote:



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