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 only $500. All in an effort to help out the small retail investor who doesn’t have a lot of money, 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: $2,993.20
Total Sharpe Income YTD Return: + 4.16 %
Sharpe Income YTD Paid Yield on Cost: + 2.45 %
Total Sharpe Income YTD Maximum Draw-down: – 6.84 %
iShares Barclay’s IEF Return: + 2.90 %
S&P 500 Index YTD Return: + 5.90 %
S&P 500 Index YTD Maximum Draw-down: – 11.24 %
We have a bit of house-keeping to get through this week. For “Income Assets” we were paid the American Express (AXP) dividend. Look at the date of the sale of AXP. We still qualified or ‘captured’ the dividend. This has been recorded. At the same time, we have placed this weeks ‘capital deposit’ in the category reserved as “dry powder”. Cash that we simply have ‘on hand’ and can move about as we wish..
When it comes to this project, you have heard us repeat something in the last few months …
“We expect, knowing this process, for the risk-adjusted performance metrics to improve over time”
Well … as we were saying …
(Video Included. If you’re seeing this entry elsewhere and cannot play the video? Click this link to go to the exact video entry …)
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.