Tuesday 25 August 2020

"12% solution" portfolio update

I didn't get around to checking my "12% solution" portfolio on Saturday mornings for the past two weeks, so here's a current snapshot of how things are going so far compared to my last review.

Portfolio as at Mon 24 AUG 2020:                   Value       Profit/Loss

50 Betashares Asia Technology Tigers ETF A$   488.50   + A$    63.00

34 Proshares UltraPro QQQ (All Sessions)       US$ 4,920.48   +US$   702.78

27 SPDR Barclays High Yield Bond ETF           US$ 2,853.90   +US$     7.02


Total positions                                 A$11,351.94    +A$ 1,058.47

Cash                                            A$  - 26.73


Portfolio                                       A$11,323.85


So far it has been an amazing initial performance, but that is obviously just a fluke of timing. It will mean that my 3, 5 and 10 year performance figures for this portfolio will be much higher than if I'd  started trading just a few weeks later. The negative cash balance is due to a quarterly A$50 account keeping fee having been debited (I forgot about that fee when I was deciding to trade the "12% solution" portfolio using my IG account!).

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