TGIF â Hedging for Disaster with our Short-Term Portfolio Review
Aren't you glad we added hedges last week?
Author:
Aren't you glad we added hedges last week?
We did a review of our Short-Term Portfolio last week and our timing was excellent as this has been a rough week for the markets but we were able to relax as our STP bumped up from $245,485 to $281,128 as of yesterday's close, gaining $35,643 (14.5%)
for the week. Meanwhile, our Long-Term Portfolio (LTP)
positions, which the STP is designed to protect, are down $79,067 (4%)
since our April 16th review, so our STP is mitigating about 1/2 of the damages – as it's designed to. Of course the STP kicks in a bit harder between a 10-20% drop but no real signs of that so far as we're bouncing nicely this week after a 7% drop in the Nasdaq (more on that later).