Model Guidance: Close Your Positions
I want you to close out your longs and shorts in the short-term Bull-Bear Portfolio model. Through last night’s close, the model is up 2.80% (total return) compared to a gain of 1.30% for the Dow (assumes $60K in capital)—a strong return for a portfolio that takes 40% less stock market risk than the Dow as a whole. And a nice boost to a balanced portfolio that may be feeling some temporary drag from rising interest rates.
With a nice profit in the bank, it is time to move on from this round of the short-term bull-bear portfolio and come back when conditions are more favorable.
I will have more on bull-bear investing and many more compelling enhancements to Young’s World Money Forecast over coming weeks and months.
| Symbol | Description | L / S | Initial Investment | Starting Price | Qty L/S | Prior Day Close | Current Price | Current Value | % Chg. Day | % Chg. Inception |
|---|---|---|---|---|---|---|---|---|---|---|
| AAPL US | Apple Inc | Long | 10,000.00 | 165.70 | 60.34 | 187.00 | 187.00 | 11,283.49 | 0.00 | 12.83 |
| CSCO US | Cisco Systems Inc | Long | 10,000.00 | 44.10 | 226.81 | 43.50 | 43.50 | 9,857.11 | 0.00 | -1.43 |
| HD US | Home Depot Inc | Long | 10,000.00 | 177.00 | 56.49 | 185.30 | 185.30 | 10,470.03 | 0.00 | 4.70 |
| INTC US | Intel Corp | Long | 10,000.00 | 51.50 | 194.06 | 54.80 | 54.20 | 10,523.97 | -1.06 | 5.24 |
| JPM US | Jpmorgan Chase & Co | Long | 10,000.00 | 111.50 | 89.71 | 113.00 | 113.00 | 10,133.67 | 0.00 | 1.34 |
| TRV US | Travelers Cos Inc/The | Long | 10,000.00 | 136.80 | 73.08 | 130.70 | 130.70 | 9,552.76 | 0.00 | -4.47 |
| UNH US | Unitedhealth Group Inc | Long | 10,000.00 | 235.10 | 42.54 | 243.00 | 243.00 | 10,336.08 | 0.00 | 3.36 |
| UTX US | United Technologies Corp | Long | 10,000.00 | 123.10 | 81.25 | 124.60 | 124.60 | 10,124.31 | 0.00 | 1.24 |
| WMT US | Walmart Inc | Long | 10,000.00 | 87.00 | 114.97 | 84.50 | 84.20 | 9,683.84 | -0.31 | -3.16 |
| VZ US | Verizon Communications Inc | Long | 10,000.00 | 47.90 | 208.77 | 47.90 | 47.90 | 9,989.56 | 0.00 | -0.10 |
| KO US | Coca-Cola Co/The | Short | -8,000.00 | 43.70 | -182.90 | 42.30 | 42.30 | -7,736.63 | 0.00 | 3.40 |
| CVX US | Chevron Corp | Short | -8,000.00 | 122.30 | -65.41 | 129.50 | 129.50 | -8,467.66 | 0.00 | -5.52 |
| DWDP US | Dowdupont Inc | Short | -8,000.00 | 66.04 | -121.14 | 68.16 | 68.16 | -8,256.81 | 0.00 | -3.11 |
| MRK US | Merck & Co. Inc. | Short | -8,000.00 | 58.83 | -135.99 | 59.07 | 59.07 | -8,032.64 | 0.00 | -0.41 |
| IBM US | Intl Business Machines Corp | Short | -8,000.00 | 144.90 | -55.21 | 144.50 | 144.50 | -7,977.92 | 0.00 | 0.28 |
| Longs | 100,000.00 | 101,955.00 | -0.14 | 1.95 | ||||||
| Shorts | -40,000.00 | -40,471.66 | 0.00 | -1.17 |