Lions and friends..
As you all know, I have been a major stock market bull for YEARS, and that has undoubtedly been the correct call. The last 6 months have been rough, and as speculators in the market we have to expect these things.
To date my stock/equity portfolio is down 36% from its ATH high in early January of this year. This means that I have managed to increase the value of my stock/equity portfolio 64% since 2016, beating the historical yearly average of the sp500. Honestly not too bad!
The SP500 index has returned a historic annualized average return of around 10.5%. With that, even with my portfolio down 36% YTD, I have still managed to outperform the SP500 historical average since 2016.
This is the market! We make our best calls and we go with it. We look for material changes in the dynamics driving the market and subsequently adjust accordingly. The current spiking in the 10yr yield, and the overall yield curve itself, is a material change- so we adjust accordingly.
Again, this is the market!
GM
Thanks Greg for your transparency.....that 10 year continues to go north. I'm buying commotities and Bitcoin!!
We play the market we have!