Things are getting crazy!
The markets have been zig-zagging all over the place but, fortunately, it's what we expected and our Long-Term Portfolio sits at $723,544, that's up 44.7% and down $23,859 (3.3%) from our last review but, fortunately, our paired Short-Term Portfolio did it's job and protected us, finishing the week up 152%, at $252,003 – just shy of a cool million from our $600,000 start on 11/26/13 (up 66% in 18 months).
Our dual portfolio system allows us to be smart "buy and hold" investors in our large Long-Term Portfolio while navigating the choppy market waters in our much smaller (1/5th) Short-Term Portfolio, which hedges the LTP and lets us take advantage of short-term opportunities when they present themselves – like shorting Netflix (NFLX) at $700 last week - that was EASY MONEY! Setting up BALANCED portfolios is the key to our success and a few useful articles on the subject are:
- Setting Up A Hedged Portfolio Part 1 – Financials
- Smart Portfolio Management – The $25,000 Virtual Portfolio
- Smart Virtual Portfolio Management II – The $100,000 Virtual Portfolio
- Smart Portfolio Management – Part III – $1,000,000
Although we've been running our current virtual portfolios since Thanksgiving of 2013, we are constantly adding new trades and the key for all of us is to find that balance and take the new trade ideas that work to give us even better balance and add those. That's why, although we have dozens of trade ideas each month and almost a dozen Top Trades each month, very few of those picks end up in one of our portfolios. You can't play every game – the important thing is to learn HOW to play, so you can win when you do!
Top Trades began last October and all 3 of our initial picks (GSK, MAT, RRD) are well on track. In the last two months, we've been on a major roll with 20 out of 25 of our trade ideas (80%) coming up winners already and only one (LL) really off track. We do these reviews on trades that are 2-3 months old (so we're doing May now) as there's no point in reviewing trades we just initiated. Keep…
You must login to see all of Phil's posts. To read the rest of this article now, along with Phil's live intra-day comments, live trading ideas, Phil's market calls, additional member comments, and other members-only features - Subscribe to Phil's Stock World by clicking here.
To signup for a free trial membership, click here.
Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!
