February 2, 2011

Updown Performance : January +0.1%

Practice invest

My Updown account was UP 0.1% in January 2011.    The S&P 500 was up 2.3%

Since starting Updown  in March 2008 I'm up 25.2%  while the S&P 500 is down 1.6%.   My annualized return is 7.3%.

I haven't been doing great compared to the index lately.    For five months in a row from September to January the S&P 500 performed better than my portfolio.    In that 5 months my Updown is up 13.8% cumulative and the S&P 500 rose 19.9%.

Trade activity for January:

Sold GM at $37.50.  That is almost a 10% gain in less than two months.   I bought GM purely for short term speculation and cashed out when it went up.
Sold HYG at $90.90.  I decided to dump it since I don't expect bonds to go up forever.
Sold KLAC at $44.   I cashed out half my holdings after hit exceeded 10% increase.

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