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. Remember that these numbers are computed off of Friday’s close and are updated each week. It’s live … as it happens …
Total Sharpe Income Balance: $3,927.15
Total Sharpe Income YTD Return: + 3.32 %
Sharpe Income YTD Paid Yield on Cost: + 1.05 %
Total Sharpe Income YTD Maximum Draw-down: – 1.34 %
iShares Barclay’s IEF YTD Return: + 3.40 %
S&P 500 Index YTD Return: + 8.94 %
S&P 500 Index YTD Maximum Draw-down: – 2.61 %
This week, we are placing 100% of this weeks ‘capital deposit’ in the category segmented to the ‘capital gains’ strategy; which if you remember … is already sitting at 100% straight cash. Thus, the cash is reserved thusly …
Total Cash: $2,236.19
Income Assets Cash: $98.63
Capital Gains Cash: $2,087.56
Reserve Cash: $50.00
Cash for Income Assets: $0.00
Cash for Capital Gains Allocation: $0.00
Cash for Tier Capital: $50.00
In the entry that was out a little earlier today, we were talking about the need to be able to ‘grind out’ a strategy over time, in order to reap the reward. So as we were discussing the topic of grinding …
We are doing the exact same thing this week, as we did last week. And the week before that.
We are stacking that cash.
So again, we added this weeks capital deposit to the ‘Capital Gains’ category. I suspect that soon, we’ll have some trades for this category of the project. But for now? We are grinding out … simply putting cash in that category.
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. The supplemental information on the forums of the Short-Term Trading Course describes the process behind the Sharpe Income project.
We continue the Sharpe Income project with this next entry.