Mon. July 25, 2022. How our fearless, intrepid investor made out recently and her plans for today

At the end of Friday, July 22, the US market, as represented by the S&P 500, was up 1.28% for the month. The Toronto Stock exchange (TSX) was down 0.42%.

Our fearless, intrepid investor’s core portfolio was up +5.76% 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 moreĀ  bargain-level 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.

Her average cost for her Novavax (NVAX) shares was $71.26. On Friday, July 22, NVAX closed at $54.85. She has 1000 shares of NVAX. Therefore, her overall loss adds up to $16,410.00 ($71.26 minus $54.85 times 1000). That is somewhat offset by the NVAX premium income of $1,080.00 that week, but it still hurts!

Luck hardly matters with the habits of the Monday Morning Program. It certainly matters when writing covered calls.

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