That is one of the targets we are shooting for, anyway. Doing that would mean a gross return of about 25%. Naturally, we want to do better. Of course, with a carefully constructed portfolio such as ours, we are just as focused on having low volatility, so a Sharpe ratio in the 2-3 range would be nice.
Apparently, there was another investment group years ago with a name similar to ours. Although they are long gone, they still owe the NYSE some money. How do I know all this? Because the NYSE put a temporary freeze on our ability to trade until they were sure we weren't the same folks. So our initial trades haven't taken place yet. There's always something. At least yesterday we were in cash while the market was down 220 points, so we already look good on a relative basis.
I'm also doing an interview today or tomorrow for an online group; I'll post more on that after it happens.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment