Personal Track Record
This is not an investment model
- It is a record of a member’s personal broker account as reported to Covestor
- It cannot be mirrored
Feb 01, 2012
Alan Zee - View Profile
Personal Track Record
| Inception date | March 10, 2007 |
| Long/Short | Long only |
| Cap bias | No specific |
| Holding Period | Buy and hold |
Performance and Risk
Performance Summary (as at end of February 08, 2012)
| Inception March 10, 2007 | Member | S&P 500 |
|---|---|---|
| Month to date (%) | 6.60 | 4.41 |
| 3 month (%) | 2.28 | 4.76 |
| 1 year (%) | -1.73 | 2.09 |
| Annualized since inception (%) | 3.18 | 0.68 |
| Since inception (%) | 16.58 | n/a |
| Sharpe (annualized) | 0.13 | 0.01 |
| % of positive months | 57.63 | 60.81 |
Past performance is not indicative of future performance
Commentary - Latest Posts
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Sold GLD. Used profits to acquire 2012 GLD call options June 08, 2010
Acquired smallish position in GLD in January 2009 for $81.75/share. Liquidated position this morning for $121.62/share, used the gain to acquire $125 GLD call options expiring 1/21/2012.
Got the idea from reading Brett Arends yesterday. Selling GLD and using profits to acquire GLD call options allows me to maintain eighteen months of exposure to GLD, while limiting my downside, if people begin to suddenly abandon ever-more-crowded gold trade.
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At the brink of possible deflation, time to buy TIPS? June 05, 2010
Look at the implied inflation rate in Treasury Inflation-Protected Securities. Expected inflation can be approximated by subtracting the TIPS yield from the Treasury bond yield of similar maturity. By this method, five-year TIPS are currently pricing in an inflation expectation of only about 1.5%. We can price forward expected inflation by looking at 10-year bonds. Here, we see that expected inflation is priced to rise only to 2.5% five years from now.
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Canadian Oil Sands: Major beneficiary of BP Oil Spill June 05, 2010
EWC: Canadian ETF: $3.5B in assets. 55bp expense ratio. 1.3% yield Holdings: Banks 24%, Oil & Gas 21%, Mining 15%.
Canada is the number one supplier of energy to the US. It's hard not to see Canadian oil sands benefiting from the deepwater disaster in the Gulf of Mexico.
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An actionable view of the future May 22, 2010
Not widely known, but well respected, Albert Edwards has been unfairly tarred as a perma-bear. Years before the crash he identified the building structural imbalances and issued warnings dire enough to earn him no small degree of scorn.
I used to scoff too, but I read him carefully now. I don't carry Albert's 35% equity allocation recommendation (I am still at 60% equities--with a Black Swan option subportfolio that will pay off if Albert's prediction of a 500 level S&P 500 comes true).
Here......
- Job Title Managing Director
- Industry Investment Banking
- Expertise 20+ years
- Education BA
- Year of Birth 1961
- Country United States
- State New York
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- Past performance is no guarantee of future results.
- Performance of a Personal Track Record is calculated by Covestor on a daily time-weighted basis of equity positions in the account provided by the member. It is exclusive of any commissions, fees, dividends, earnings distributions, and cash in the portfolio.
- Month to Date returns and Since Inception returns are revised daily. All other returns (month, 3 month, year to date, et al) are calculated as of the most recent month end date.
- All graph data is as of the end of day for the referenced period, unless otherwise specified.
- Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations and do not include cash, dividends and earnings distributions, or transaction costs. More
- All Personal Track Record information including personal data, profiles, strategies, commentary, and historical results outside of Covestor has been provided by the Member. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor.