Crazy Ivan portfolio closing value is $20,088. Ivan’s taken a break with only 50 shares of BCS and the rest in cash. I’ve lost $663 on those BCS shares, but could have done far worse if I had held all of the original 200 that I bought at $22.20. The current share value is now a mere $8.99.
This autumn has been a crazy ride for my impulsive Crazy Ivan Account (portfolio). Since beginning to report it’s value on Oct 14, 2008 of $22,148 it has lost 9.3%. In the same period the S&P 500 has gone from 998 to 876, a loss of 12.2%. Commissions paid for my trades during this period was $132, or about 0.6%.
All things considered, I feel good about my trades. The portfolio accomplished it’s main goal which is giving me an outlet for my financial angst. Secondly, I had fun and further developed my intuition and experience with SPY options. Finally, I beat the market during the period.
These short-term results are, of course, anecdotal and say virtually nothing about investing skill or the pros and cons of my investing style (or styles du jour). But that is not really the goal of this blog. Documenting the ups and downs of the journey continues to a prime goal… sharing my investing experiences and stories. I hope you will share some of your investing stories here as comments, intrepid investors.
Merry Christmas and Happy Holidays.