High-Beta
10-07-2020 UPDATE
The HIGH BETA fund remains at a loss. We will close our remaining positions before next wee, to minimize losses and free-up capital.
10-06-2020 UPDATE
HIGH BETA Fund lost about 1% today closing at -7.90%.
10-05-2020 UPDATE
Today the stock market rally closed near session highs after President Donald Trump announced his departure from Walter Reed Medical Center. Our HIGH BETA fund has taken a hit and we’ve held for a bit too long for our taste. Fortunately, we closed today at -6.59%, up from -9.10% on Friday closing.
10-02-2020 UPDATE
This portfolio unfortunately has been taking hit after hit. Today we closed at -9.10%.
10-01-2020 UPDATE
Our High Beta was hit again, this time by the oil industry.
We closed the day at a -9.66% loss. XOM and OXY have been doing poorly.
OXY closed at -16.12% and XOM at -10.75%.
9-30-2020 UPDATE
Today the High Beta fund gained about 1% to -7.43% up from -8.37% yesterday.
We sold off our positions in Teva profiting 0.02% to free up capital.
9-29-2020 UPDATE
The High Beta fund is at a new low, -8.37%. We will hold through the week, and begin closing positions to free up capital.
9-28-2020 UPDATE
Today we closed about 1% higher but still negative. BAC was sold off at $24.22, with about $3 in total losses, to recoup some of our invested capital. The markets are picking up, but we bought in too early and this is a high beta play so the swing to the downside got us good. Tomorrow we might close more positions, we have other plays coming.
Here is one of our open strategies, we called it, High Beta Fund. Beta is a measure of a stock's volatility in relation to the overall market. High-beta investments tend to outperform the market when the market is going up, they also will accelerate its losses when the market moves down.
Everything was looking good until Monday Septemeber 21st,2020. We still have high hopes, but just FYI, when dealing with high beta, the old adage is true, the higher the risk the higher the reward(or potential losses).
We will be updating this post as the market opens and closes during the coming week.
We put 3 sectors, 5 tickers with Beta’s above 1. So far we are at -7.63% as of closing on 9/25/2020. By the way, our graphics will get better as we progress. We started with $1,128.29. The first day we closed at almost 2% gain.