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: $2,566.35
Total Sharpe Income YTD Return: + 4.08 %
Sharpe Income YTD Yield: + 2.17 %
Total Sharpe Income YTD Maximum Draw-down: – 6.84 %
iShares Barclay’s IEF Return: + 6.90 %
S&P 500 Index YTD Return: + 5.76 %
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 …
I am slammed at the moment.
I’m knee-deep in Earnings season, having just reviewed the Wells Fargo (WFC) call for the second time. IBM’s earnings release is this afternoon. We then have Microsoft (MSFT) on the 19th, American Express (AXP) on the 21st, Union Pacific (UNP) on the 21st, Colgate (CL) on the 28th, and then a few other stocks for my valuation investing book.
At the same time, I’m working on updating “Our Results” page for the first half of the year. I hope to have that done by Wednesday.
And on top of all of that, we are keeping clients updated. On the public side, we will be releasing a few new videos in the Free Education Series.
So we have no video for ‘The Sharpe Income‘ project this week. Quite frankly, I’m just too busy.
As far as this project is concerned? We’re enjoying this rally higher. We had stated that all there was to do last week was to lean back and assume the “enjoy it” stance and exercise. As time moves forward, we will pile up the capital contributions in the ‘dry powder category’, and re-distribute them as we did a few weeks back. For now? Just add the capital to the account as we do each Monday … and wait. Just 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.