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Fifth Street Finance Corp. Message Board

  • keltus1952 keltus1952 Jun 7, 2014 10:37 AM Flag

    Year to date performance......Kel vs the Averages..

    Year to date the DJIA is up 2.1%
    S&P 500 is up 5.4%
    I am up about 4%. Am currently at 82% cash position. Always have cash in the 50 - 70% general area. My general goal is to match or beat the averages through good trading and not have my IRA portfolio over exposed if we do have a market crash or general decline.

    So far this year I've traded stocks of all types from income (BDCs) all the way down to absolute speculations in small biotechs. Have also traded ETF's (mostly 3 X long and short) on the S&P 500, Russell, Silver, Gold, and the Oil index.

    Has been fun investing and bantering with everyone on this board. Looking forward to the rest of the year.


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    • Ironic

    • Congrats Kel, nice return so far this year with little exposure. Do you have any long term performance numbers using your strategy.

      So far this yr I am up 5.8% but short term numbers don't tell us much do they. I traded hard from 95 to 2002 and had some great years. I recall doubling my money in 3 months in fall of 99. But when I went back and added it all up I could have done just as well buy and holding and saved myself a lot of screen staring time and taxes.

      I simply cannot beat the market trading over the long term. Maybe short term I can excel but long term I underperform, most likely due to my cash position I always keep. So I have to accept the fact I am not a good trader over the long term. So I buy and hold and just trade around my long term positions. Of course every now and then I slip up and do a short term trade mostly for entertainment. I have no illusions of striking it rich trading stocks. Plus I only have 25% total net worth in the stock market. I make all of my retirement income out of the market.

      • 1 Reply to frigator
      • Frigator............No real long term numbers for this strategy. I quit working late last year. That's when I decided to trade more and expose myself less to the general market forces. Part of the need for the large cash position is to have "settled funds" in my account so I can do aggressive trading. Somewhat forces me to have a large cash position which in effect counterbalances the trading.

        Some of my trading is also for "entertainment purposes" I guess, as you noted. When I use the Short ETFs I usually keep the trades short term (whether gain or loss). If one can hit a down trend (intraday) with a 3 X short ETF like TZA, or SPXS.........well, it can make for a very enjoyable day when most others are "giving back" to Mr. Market.


    • Kel that's a safe 4%. I pulled out in April up 10.72% and spending it all on home remodel and vacation. I have no advice in trading this market other than be cautious which you already are. Phil

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