July 2016 was a good month for the LH Portfolio, I managed to consolidate some positions, finally had my first full month with Interactive Brokers since I switched to their services, and had quite a lot of Options activities, on which I will comment later in a separate post.
Markets were a bit more stable than June, which is good, I lost an opportunity with the pound hovering briefly around 0.86 against the Euro but I believe that it might come back down to those levels as we digest this Brexit stuff more and more.
The Long Haul Fund closed the month with a 2.61% gain, a small increase compared with last month (2.57% in June), but it touched heights of 3.01% in the intra-week performance, so I guess that I cannot complain.
Composition of the Fund is as follows:
BOND – 30.60%
STOCK – 57.58%
CASH – 11.83%
No big changes since last month.
New Positions – Sold Positions
If you are reading this blog you will find out that this is the first month where I had no real activity in buying/selling stocks. This is because I am going deeper into options with my trades and also because there was really no decent opportunity out there for the equities that I have in my portfolio. So right now I am keeping my assets liquid and use them to trade cash secured options (calls or puts), maybe even hoping that some put will get assigned (in that case I will buy stocks). August is going to be a similar month unless there are some major changes or market crashes that might get me to change this plan.