I must be misunderstanding what purpose BIL serves, because I don't understand why we're shorting it (-0.94%). I thought it shows up in this portfolio just as a place to park cash, as it yields ~4%.
I was wondering if the backtest performance of this strategy includes commissions and execution fees. This week we rotate like 80% of the portfolio again and if this happens every week I am afraid the performance will decrease a lot compared to a buy and hold strategy.
I'm confused about the delay comment. Is this the portfolio for the coming week or was this the portfolio you held last week? Last week's letter said you were short IEF and long dollar so I'm not sure how you had an up week unless that was a week behind.
We usually announce positions before end of day Friday, to allow those following along to rebalance. This portfolio is for this upcoming week. Indeed, we lost on those positions- however, we made significant gains on shorting DBC, UNG + being long gold which brought the portfolio into positive territory.
I must be misunderstanding what purpose BIL serves, because I don't understand why we're shorting it (-0.94%). I thought it shows up in this portfolio just as a place to park cash, as it yields ~4%.
Thank you for the update.
I was wondering if the backtest performance of this strategy includes commissions and execution fees. This week we rotate like 80% of the portfolio again and if this happens every week I am afraid the performance will decrease a lot compared to a buy and hold strategy.
I'm confused about the delay comment. Is this the portfolio for the coming week or was this the portfolio you held last week? Last week's letter said you were short IEF and long dollar so I'm not sure how you had an up week unless that was a week behind.
We usually announce positions before end of day Friday, to allow those following along to rebalance. This portfolio is for this upcoming week. Indeed, we lost on those positions- however, we made significant gains on shorting DBC, UNG + being long gold which brought the portfolio into positive territory.