My portfolio year-to-date returns as of the end of the second quarter are +2.84% for my individual account and +10.17% for my Roth IRA compared to +1.63% for the S&P 500.
I accidentally skipped doing this for the previous quarter and have been neglecting this blog in general for the past few months. At some point during the past few months, I decided to focus intensely on studying for Level 2 of the CFA exam which I wrote last weekend. Everything else, including this blog and managing my portfolio was secondary for quite some time. But now I can return to writing in my pathetic blog.
The orange line in the graph above represents my Roth IRA. The green line represents my individual account. Readers may not know that my individual account has essentially been passively managed for the entire existence of this pathetic blog and probably longer than that. In fact, I can’t remember the last time I made a trade in that account. The reason is that I still have a considerable amount of excess cash in my Roth IRA which I need to commit. Any trades (especially of a short-term nature) should first be made in my Roth IRA to take advantage of its tax benefits.
Overall, I’m still happy with my Roth IRA’s performance. I had a short position through TZA (a 3x levered short ETF that uses the Russell 2000 as its benchmark) for most of the year which I sold recently for a short profit. Unfortunately, I sold much too early, so I’ve been exposed to the recent market decline.
Given the passive nature of my individual account, I’m satisfied with its performance as well.
I normally don’t like talking about my positions publicly because I’m scared that announcing any positions will negatively affect my trading performance. So for now, I’ll only be able to discuss my trades retrospectively. Maybe I’ll change my stance on this position in the future. I’m willing to discuss my latest thoughts in private though.