Portfolio Update 01/15/2024 - A Rollercoaster Start to the Year 🎢
Setting the tone for 2024
Hey everyone,
It's time for our first portfolio update of 2024! Can you believe we've already zoomed through 1/24th of the year? The market certainly began on a rollercoaster note, taking a swift dip before climbing back up. Without further ado, let’s dive into the latest snapshot of my portfolio:
Comparing this to our last update, the portfolio has seen a modest gain of 1.59%. Interestingly, the SPY also reported a gain of 1.57% for the same period, which means we're moving in sync with the market. The only change in my portfolio has been a slight simplification of the Power of VIX Leverage. I see this as a positive step towards the portfolio becoming more mature.
The correlation matrix (check out the second image) now features more entries, and it's pleasing to see the Long Volatility maintaining its low profile, just as expected. On another exciting note, I've integrated a new feature into QuantMage that promises to fine-tune spell performance. Of course, with great power comes great responsibility, so I'll be treading carefully to avoid overfitting. I'm eager to experiment with this and may tweak some spells accordingly. Stay tuned for updates on that front in our next newsletter.
That wraps up our first portfolio update for the year. As always, I appreciate your continued interest and support. Here's to a year filled with insightful investment journeys and steady growth! 🚀