The Sharpe Income category be found by clicking on that red ‘Sharpe Income’ tag next to this post title, or by clicking here.
We continue the discussion from the last entry.
We began this project with $500. All in an effort to help out the small retail investor understand the importance of growing an income account, as opposed to a trading account. The following numbers are taken from our PDF that is attached below. Remember that the numbers are computed off of Friday’s close …
Sharpe Income Balance: $1,724.96
Sharpe Income YTD Return: – 6.77 %
Sharpe Income YTD Yield: +0.00 %
Sharpe Income YTD Maximum Draw-down: – 6.77 %
iShares Barclay’s IEF Return: +2.20 %
S&P 500 Index YTD Return: – 6.70 %
Once again, this week we are are placing the entire deposit towards the cash we have reserved to buy a bit of Wells Fargo (WFC). As yet, the project has not purchased this stock. As we said some time ago, we wanted to work a bit more our income assets in 2016.
Well, for you folks following along at home … you may have noticed that some of the income assets were completed and totally ripped to shreds in the last few weeks, through this earnings season. And the real topper, was American Express (AXP) which is down around 20% YTD.
And yet, with the Sharpe Income project … we’re only experiencing the same draw-down as the stock market.
It’s all about developing staying power through risk mitigation …
The link to the Google Drive Spreadsheet that you can view, that we will edit, build upon and refer to over time can be found at this link.
We continue the Sharpe Income project with this next entry.