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PhilStockWorld April Portfolio Review

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Image result for one million dollars animated gif$1,967,325!  

We’re going to need 2 Dr. Evils soon to equal our paired Long and Short-Term Portfolios, which began with $500,000 + $100,000 back on October 1st of 2019 (seems like forever, doesn’t it?).  So we’re up over 200% and that makes $1.8M our stop if the market turns lower faster than we can cover it but we’re very well-hedged (see yesterday’s Short-Term Portfolio Review) and we actually were pretty aggressive this month ADDING positions to the LTP and those positions have helped bring the LTP to $1,811,018, which is up $109,075 since our March 18th review.

Other than the new trades, we only made 2 adjustments last month – we doubled down on WPM and rolled our short Berkshire March calls to short June calls – very low-touch but, at the time, I said about our positions:

16 trades in this section are good for $357,000 in future profits so, adding up the other half we’re projecting $671,000 in future profits between now and Jan 2023 if the market simply maintains these levels (or at least our stocks do).  As noted above, some of these stocks are so good we’d almost rather be assigned than make the rest of our money and some of the spreads are so good that it’s hard to find a reason to do anything else but sit back and let them make us richer.  

As usual, this portfolio is too good to dump so we’re going to have to take a licking to motivate ourselves to walk away.  As noted before, we have about $600,000 worth of protection in the STP – so we don’t think we’ll take too much damage on the way down – lots of time to decide to bail and the profits are already built in if the need never comes.