Let me deal with the elephant in the room right off the bat…
This week will mark the 6 month anniversary of my new Options2Wealth blog.
However, unlike the results my O2W posted back in 2013, this time around, as of last Friday’s market close, my O2W total Net Asset Value is only 1/8 of my 2013 results…
$1,074, 475 versus $134, 672
+10,644% gain in 2013 versus +1,246%
So what went wrong?
I decided to do a quick forensic on my result to date and the one thing that stands out is that unlike 2013 when my then portfolio’s NAV went up substantially in its very first month, this time around, my new O2W portfolio’s NAV went into a free fall for the first 8 weeks!
In fact, on Friday October 27, 2023, that is exactly 8 weeks from the portfolio’s inception on September 5, 2023, its NAV had shrunk down to $4,901.78.
So unlike 2013, this year I lost 8 weeks of positive momentum and therefore ended up with results that are significantly poorer than 2013…
🙁
So the question is: If I were to cancel out the first 8 weeks and pretend the start date to be October 30, 2023, will I be able to get my portfolio’s NAV to $1M+ by April 30?
We shall find out, won’t we…
🙂
Onwards and upwards!
karim
DISCLAIMER: I am not a licensed broker or securities dealer. All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is not for the faint of heart as one’s portfolio can move up, or down 10%-50% or more during a single trading day, so trade with extreme caution. Past performance is no guarantee of future results.
Full Disclosure: I own options in the stocks of companies mentioned in my posts.