This year has been profitable, not counting that annoying February beating I took. This is where I stand before the market opens today.
- Current Account Value: $44,472.06
- Deposited $1,500 on 4/4/07
- Annualized return YTD: 40.55%
- My YTD return: 11.31% (yes, more than double the S&P 500)
- S&P YTD return: 4.5%
I’m about to hit a new milestone. I just sent a deposit in for $7,000. That’s going to put me over the $50,000 mark. I’m far from being able to make a living selling options, but the psychological barrier of $50k is cool to pass. It’s like the opposite feeling of when I passed 30 years old I could no longer check the 20-29 year old box on a survey. Once this money hits my account I’ll be in the more than $50,000 invested group. Lots of money is good, lots of age isn’t as good. That is, unless you can think of age as wisdom and knowing how to handle the ups and downs of the market better.
With a YTD return of 11.31% after only four months, I could sit back and put my money in a six month CD and end the year with a nice gain. To me, that’s like going to Vegas for a three day trip and stepping away from the table after the first day, just because you are up. I can be more careful now, but to remove all risk from my portfolio would only hurt me. My thinking may change some once I have a larger portfolio, but for now, I’m staying fully invested.