Follow My Covered Call and Naked Put Trade Strategies
Stock Trades for the Week Ending May 20, 2022Saturday May 21, 2022
Vici Properties (VICI) – Shares Purchased
Asset Class Allocations
The models I use for my asset class allocations continue to be very conservative with a 75.3% allocation to cash.
The average year-to-date return for my models is -1.8% versus -15.0% for a 60/40 portfolio. It is during market drawdowns like we are experiencing now that my models shine. They are intended to reduce drawdowns versus a 60/40 portfolio and they are doing that brilliantly right now....
Stock Trades for the Week Ending May 13, 2022Friday May 13, 2022
Targa Resources (TRGP) – Shares Purchased
Very few stocks pass my screens lately. TRGP passed my best-performing screen so I decided to purchase an appropriate position size.
Asset Class Allocations
The asset allocation models I use collectively increased the cash holding slightly to 72.8%. Whatever happens to the markets in the near term, my portfolio’s performance will be rather muted due to such a high allocation to cash.
The average year-to-date return for the asset allocation models I use is currently -1.9%....
Stock Trades for the Week Ending May 06, 2022Saturday May 7, 2022
Apple (AAPL) – Shares Sold
My sell stop was trigged and my shares were sold for $155.37 representing a 6.1% loss in 14 days.
Greenbrier (GBX) – Shares Sold
My sell stop was trigged and my shares were sold for $41.57 representing a 7.0% loss in 21 days.
My asset allocation models now have the highest allocation to cash since I began posting the table.
The average year-to-date performance of my asset allocation models is -1.3% versus -12.5% for the 60/40 portfolio. Over time, my models don’t significantly outperform the 60/40 portfolio but they do have much lower drawdowns which is important to me. Many investing strategies are difficult to stick with in times of poor performance and I know that I am more likely to stick with the models I use because of the relatively low drawdowns.
I currently own no US stocks. My stock selection strategies have not been working in the current environment so I am reluctant to purchase stocks until I see an improvement in my strategies. I do track the 30-day performance of stocks selected by my strategies and will continue to monitor that as one way of determining when to begin buying stocks again....