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: $2,888.62
Total Sharpe Income YTD Return: + 2.27 %
Sharpe Income YTD Paid Yield on Cost: + 2.45 %
Total Sharpe Income YTD Maximum Draw-down: – 6.84 %
iShares Barclay’s IEF Return: + 5.50 %
S&P 500 Index YTD Return: + 4.03 %
S&P 500 Index YTD Maximum Draw-down: – 11.24 %
We received a dividend from PCY. This has been noted on the spreadsheet. As you will note in the PDF that is attached below … 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.
Therefore, after the assets being held, the cash allocations on hand look a little something like this …
In addition to the PCY dividend, we have a host of dividends to post in upcoming weeks; SHY, TLT and the Wells Fargo (WFC) dividend on December 1.
And thus we end the first month of the quarter. Nothing really ‘witty’ to say beyond that.
Until something ‘breaks’ loose, we simply allow the cash to pile up in the background, and enjoy a quiet end to thee month …
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.