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Imperial1964 (97.93)

Year in review: My 2008 performance: -7.42%

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December 22, 2008 – Comments (2) | RELATED TICKERS: MRH , BOLT

Of every position I've closed so far, I'm doing quite well. I'm scoring myself like CAPS does, comparing the % change to that of the the S&P over the same time-frame.

Stock               %Gain %S&P Score
FCX                    11     -18      28
UNH                  -49     -43       -6
UNT                    34     -12      46
SPY Put            117      -4     122
NFLX Put (short) 119    -26     145

My gains are inclusive of fees.  My average closed pick beat the market by 67%.

For twelve picks ones I haven't sold, my results are more mixed, ranging from MRH outperforming the market by 38% to BOLT underperforming the market by 29%. I have no open option plays.  On average, they outperform the market by 7.65%,  including buy transaction fees, not including future sales transaction fees.

Average everything together and I've outperformed the market by 25%. Unfortunately, if you look at things in absolute terms, rather than against the S&P things are less flattering. I've gained 46% on what I've sold, lost 30% on what I haven't, for a combined total average of -7.42%.  All in all, my performance was much better than I would have guessed.

If you look at it in absolute terms, I haven't done quite as well because some of my best returns (like the options ones) have come from much smaller positions.

Hope you've been as fortunate as I have.
Merry Christmas and God bless you!

2 Comments – Post Your Own

#1) On December 22, 2008 at 3:29 PM, dwot (99.88) wrote:

Well, I evaluate based on whether I made or lost money. 

I made about 4% on the year as I was out of the market and into guaranteed deposits.

I think I've been very fortunate.

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#2) On December 22, 2008 at 6:55 PM, Imperial1964 (97.93) wrote:

Looking at my numbers further, my most recent purchases have fared worse.  Basically, I went bottom-fishing too soon.  I picked up a retail and a company correlated to retailers, and a couple of companies tied to commodities in late September (oops).

Looking ahead to next year, first thing I'm funding my 2009 IRA.  Then I'll be adding to my current positions.  12 stocks are enough to track, so I'm not buying stock in a new company unless I sell something first.

I'm also thinking about buying Puts on TLT or buying TBT to profit from the bursting of the Treasury bubble, but just like the oil bubble, I'm having a difficult time finding a play that I like.

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