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: $2,845.78
Total Sharpe Income YTD Return: +4.31 %
Sharpe Income YTD Paid Yield on Cost: + 2.45 %
Total Sharpe Income YTD Maximum Draw-down: – 6.84 %
iShares Barclay’s IEF Return: + 7.20 %
S&P 500 Index YTD Return: + 6.08 %
S&P 500 Index YTD Maximum Draw-down: – 11.24 %
We have quite a bit of house-keeping to get through this week.
First of all, as you will note on the PDF … 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. And thus, our capital on hand for each category looks a little something like this …
Next, as some have already noted, on the ‘Income’ side of the project we have received a “raise” in the dividends of both American Express (AXP) and Microsoft (MSFT). We were also paid our dividend by Union Pacific (UNP). These have all been recorded on the spreadsheet, and noted on the PDF.
On the ‘trading’ side of the project? We received our dividend from IVV and PCY. In a few days time, we will be receiving a dividend from TLT and SHY.
And what? Wells Fargo (WFC)?
Is that still a “thing”?
The entire Wells Fargo (WFC) situation sort of cracks me up. Not that I think such conduct on the part of any institution is acceptable. Far from it. It’s exactly the sort of stupid, inane behavior I would expect from the middle-management of any corporation.
What cracks me up, is the public “outrage” over Wells Fargo (WFC).
Are you people kidding me?
Individuals have rightly complained about this behavior by all banks for years, right down to the community level. In a related situation we know of Bank-Tellers, constantly pressured by lazy, know-nothing middle-management types who impose ridiculous sales goals upon them, to telephone their friends for permission to transfer even $5.00 to a new account that the teller will open, so that they can reach said sales goals. It’s pathetic. It’s stupid, and most importantly, it’s gone on for years.
But now, in an election year … suddenly, some are finding “moral outrage” at the behavior of Wells Fargo (WFC)? I ask … where was the outrage of these jokers even 3 years ago?
Please. This is exactly the sort of political demagoguery that an ever increasing number of individuals find laughable. Politicians who are concerned about a problem, only when it can be twisted and turned into an “issue” they can use to bolster their own ideology and power base. And the public just sits and eats whatever manure supposed “media sources” feed them.
Oh, and as far as this project is concerned? You will note that the project, which holds Wells Fargo (WFC) … gained 53 BPS in the last week.
So for the moment … do not color me ‘concerned’ for my position.
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.