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 …
Total Sharpe Income Balance: $2,710.29
Total Sharpe Income YTD Return: + 4.82 %
Sharpe Income YTD Paid Yield on Cost: + 2.17 %
Total Sharpe Income YTD Maximum Draw-down: – 6.84 %
iShares Barclay’s IEF Return: + 7.00 %
S&P 500 Index YTD Return: + 6.85 %
House-Keeping / Maintenance
This week the entire capital deposit is placed in our “dry powder” category. Simply put, capital we keep on hand that we can use in any aspect of the project in the future. So our cash on hand is reserved thusly …
At the print of this weeks PDF (attached below), our capital (not the return, but the capital) is now up 442% from when we started. We began this demonstration project out with only $500.00. We are now zero’ing in on the first $3,000.00, and this year we are up 4.82%. And our risk adjusted metrics are improving with time.
But we still view the project, as in the ‘beginning stage’. We have much more to do.
For now, we are keeping everything ‘as is’. I’m observing IVV, to see if an opporunity arises to sell IVV. I’m very pleased with the PCY position.
As well, we have a ‘slew’ of dividends incoming in the next 35 days. So assume the ‘enjoy it stance’.
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.