Mon. July 18, 2022. How our fearless, intrepid investor made out recently and her plans for today


At the end of Friday, July 15, the US market, as represented by the S&P 500, was up 5.22% for the month. The Toronto Stock exchange (TSX) was down 4.11%.

Our fearless, intrepid investor’s core portfolio was up +8.44% for the month!

Her core portfolio performance arose from the fact that when the S&P 500 dropped by 20% from its January 3 high, she bought more SPY, which tracks the S&P 500 precisely.

Her “fun” portfolio is a different story. Like most “fun” portfolios, it has not been much fun lately. However, she is smart enough to keep it under 10% of her stock market investments overall.

On Friday, July 8, she was assigned and to stay in the game, on Monday, July 11, she bought 1000 shares of Novavax (NVAX) at $71.2567 per share for a total cost of $71,256.70. On Friday, July 15, NVAX closed at $54.43, giving her shares a market value of $54,430.00. That is a loss of $16,826.70 ($71,256.70-$54,430.00). Her premium income was $1.0696 per share for a total of $1,070.00. That took some of the sting out of the overall loss in this venture but certainly, not enough.

And what are her plans today when the market opens at 9:30 AM?

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Dr. Milan Somborac

The Monday Morning Millionaire Program supports do-it-yourself (DIY) investors which I have been for over 50 years. About my team and me