Goal in 2015: $92k to $150k
- Thread starter universaller
- Start date
IB report shows a slight difference in YTD return:
Still, I have been conservative holding on high yield stocks while reducing the exposure on options.
Little change on P&L since last update:
Ended the month almost flat (down -0.4%):
will be adding some capital to trade more actively:
June and July were the worst months for portfolio - keeping on both oil and gold stocks, betting on earnings. Roughly, I lost 30% of total value. Since inception (Jan 2012), the below is the P&L comparison with S&P500 since I trade S&P500 stocks and options mainly:
Date ----------------------------- SPY --------------------- My account
Jan 2012 to Jul 2015 -------- +76.73% ----------------- +148.08%
Date ----------------------------- SPY --------------------- My account
Jan 2012 to Jul 2015 -------- +76.73% ----------------- +148.08%
This gives a little bit better information:
If one can say 30% for 30 years, he should make
1.3^30 = 2619.996 times.
40% for 25 years, he should make
1.4^25 = 4499.88 = 4500 times.
To compare those performances equally, let the length of investment be 50 years (from 30 to 80).
For 20%, 1.2^50 = 9100.438 (100K becomes 910M)
For 30%, 1.3^50 = 497929.2 (100K becomes 49792M)
For 40%, 1.4^50 = 20248916 (100K becomes 2024891M) which is bigger than small country's wealth
Note that stock market kept open for 400 years from Netherland. If there WAS any one with 20% outperformance trading logic, then he has all the wealth on earth NOW. Even Buffet and Gates should be broke now.
Therefore, I am sure no one HAD 20% logic for 400 years.