1) Note of caution -
My YTD return is *not* normal; neither is it sustainable!
Lets just say that a number of factors came together all at once (the stars aligned); so it is more luck than skill.
For instance, COVID-19 triggered a waterfall...
My YTD return is *not* normal; neither is it sustainable!
Lets just say that a number of factors came together all at once (the stars aligned); so it is more luck than skill.
For instance, COVID-19 triggered a waterfall...
2)...decline which suited my hedging style and handed me large profits near the March-low, cash which I happily invested at depressed prices in the leading growth stocks.
Hedging doesn't normally result in large profits; this was indeed a 'once-in-a few decades' type crash! ...
Hedging doesn't normally result in large profits; this was indeed a 'once-in-a few decades' type crash! ...
3) Secondly, COVID-19 suddenly benefited my companies and pulled forward the ongoing secular trends, which was also sheer luck.
Finally, due to improved business prospects and recurring revenues, my stocks were seen as 'safe havens' during this severe economic storm...
Finally, due to improved business prospects and recurring revenues, my stocks were seen as 'safe havens' during this severe economic storm...
4) As the economy reopens, my stocks will probably underperform the cyclicals and going forward, I can guarantee that my hedges won't work as well.
Finally, very high odds that my entire account may never appreciate by > 100% in 5 short months.
This year has been an outlier.
Finally, very high odds that my entire account may never appreciate by > 100% in 5 short months.
This year has been an outlier.
