Weekly "12% solution" portfolio performance update

Saturday morning and the AU and US markets are closed, so I can do a weekly post on how my implementation of the "12% solution" portfolio is performing in my IG trading account. As mentioned previously, I already had a few hundred dollars in the IG trading account I opened to get some 'free' Qantas Frequent Flyer points last year, and that money is invested in the ASIA Technology Tigers ETF as a long position (ie. I'll just let it sit there for 5+ years and see how it goes). The other $10,000 I recently added to my IG account using funds from my portfolio (home equity) loan to trade each month per the recommendations given in the end-of-month email updates from David Alan Carter per his "12% solution" trading methodology.

Portfolio as at Sat 08 AUG 2020:                   Value       Profit/Loss

50 Betashares Asia Technology Tigers ETF A$   475.00   + A$    49.50

34 Proshares UltraPro QQQ (All Sessions)       US$ 4,319.02   +US$   101.32

27 SPDR Barclays High Yield Bond ETF           US$ 2,858.76   +US$    11.88

Total positions                                 A$10,503.76    +A$   207.66

Cash                                            A$    23.37

Portfolio                                       A$10,527.03

This week was all sunshine and puppies, but I won't be making >1% gain every week ;)

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August 12% solution portfolio trades and status

The A$10k I transferred from my portfolio loan into my IG trading account on the weekend arrived in my IG account today. The markets required for the "12% solution" trades opened at 11:30pm Sydney time and I bought approximately A$6,000 (60%) QQQ and A$4,000 (40%) JNK per the August asset allocation provided in the monthly email I received.

Each month I'll make any required trade(s) to adjust my holdings to the recommended position, although it won't be exactly per the model due to timing of the trades, and the fact that I can only buy a whole number of shares (so there will be a small cash residual balance).

Trades executed for August:

04 Aug 2020 23:35:45 BUY 34 QQQ A$5961.31

04 Aug 2020 23:37:56 BUY 27 JNK A$4024.27

Residual Cash balance: A23.27

Current IG Portfolio:

34 QQQ ProShares UltraPro QQQ (All Sessions)

27 JNK SPDR Barclays High Yield Bond ETF

50 ASIA Betashares Capital Ltd - Asia Technology Tigers Etf

Having this trading portfolio in place will give me something to play with once a month while my major investments in Index Funds within my superannuation sit on 'autopilot' and slowly compound. And the IG 'workspace' display looks quite cool with all the charts and flashing price changes on every 'tick' ;)

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