04

Mark to Market

 

I believe in 100% transparency, so for better or worse this is how I am currently placed with my hard-earned pension pot. The biggest challenge for a retail investor isn't only to pick the right securities to be long or short, but also to avoid messing around too much, which results in fees/costs eating up your capital. Someone once told me that patience is the greatest source of investment "alpha." This is obviously a terrible cliche, but also kind of true I think. I try hard to live by that mantra, but it isn't always easy. On occasion, I will be discussing the portfolio on the main blog. Any massive bloopers are my fault alone, and can't be blamed by a junior with a fat finger or an algo. 

As for performance. 2016 ended with a solid 12.8%, which was much welcome after a poor 2015. Performance tailed off in Q4, but I am hoping to keep up the momentum. As always, use my ideas liberally, but make you own decisions too, at least once in a while. If you want to debate markets you know where to find me

Market files

Binomial function for the conflict between North Korea and the U.S - excel file

 

 
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The Portfolio