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: $2,227.53
Total Sharpe Income YTD Return: + 2.55 %
Sharpe Income YTD Yield: + 0.44 %
Total Sharpe Income YTD Maximum Draw-down: – 6.84 %
iShares Barclay’s IEF Return: + 4.10 %
S&P 500 Index YTD Return: + 2.33 %
House-Keeping / Maintenance
Remember that last week, in the segment we refer to as ‘The Capital Gains’ strategy, we sold off TLT and SHY since they dumped lower. We can (and may) buy back those instruments.
We still hold PCY and IVV.
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 …
Last week the transportation sector enjoyed a nice rally. So our Union Pacific (UNP) just rocketed higher. While IBM slipped a bit at earnings, it remains at mult-week highs. And Wells Fargo (WFC) is also enjoying a nice rally. So our income assets have moved much higher
Our ‘Capital Gains’ strategy, we can hold onto IVV and PCY. At least for now.
In the meantime, cash is piling up in the background.
We’re becoming more and more flexible and adaptable as time passes.
We’re making money. Lean back, and enjoy it!
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.