David Loses Money Tracking my adventures in making money without earning it

Performance for 2Q22


Been a while and I’m trying to get back into the swing of things! My house hunting is still ongoing, but now the money situation for it is all sorted I should be able to go back into being stupid on the market from next payday onwards. So let’s try and catch up on the last quarter of last FY. I should probs do an overall “last FY” post but, well, I’ll get to it eventually.

2Q22 performance was pretty horrible. Thankfully I pulled out a lot of my stuff in April (because I had this idea I’d just buy a place and tra la la everything’s fine) so the overall money loss isn’t as bad as it could have been, but it still stung.

Main Portfolio

So the ASX200 tanked 11.36% and I tanked 16.49%. Not pretty. What I ended up doing in April was ranked all my stocks in order of smartest to stupidest decision, sold off most of them, then ignored my portfolio for the next few months. I feel if I kept checking it (while also having house deposit anxiety) I’d probably end up crystallising losses, so I’m glad I kept it at arm’s length.

Best Performers

  1. SARK (51.4%) – this is an ETF that shorts Cathie Woods’ ARKK ETF. I bought it around the start of the year as every decision I made seemed to be the wrong one, so I figured what if I short stuff I’d normally go for and hurrah, it paid out.
  2. F45 Training (0.77%) – I have no idea how this managed to hold on – I think it ended up tanking recently but it was one of the shares I sold off in April when ranking things by stupidity so hooray.
  3. Alliance Airlines (0.53%) – I sold this one off too in my April purge, and annoyingly it was just before Qantas made a takeover offer for them which would have netted me a nice sum. Why am I like this?

Worst Performers

  1. Life 360 (-51.86%) – ouch. This one was not purged as I felt it still had potential, and it looks like recently it’s finally gotten itself out of the doldrums (up 90% so far this quarter), so I’m happily holding on to this for a while longer.
  2. Block (-50.72%) – I sold off all my Afterpay shares in April (unfortunately for much less than their peak, but I will still up a tonne overall) but have a smaller direct investment in Square/Block as I feel like they know what they’re doing. Might buy some more soon tbh.
  3. Dubber (-48.61%) – yikes. This has been all downhill ever since I bought in, but I’m just going to ignore it for the next year and see if it turns around. Or maybe buy more. I don’t know.

Hedgefundie’s Excellent Adventure

I sold off a bunch of this in April too – basically I have it held in both my Stake and Interactive Brokers accounts, and sold off the Stake chunk of it for house deposit money.

HFEA has been pretty horrible in 2Q22. Negative 36.48%! It has a lot of climbing to do to get back to beating the ASX200 but we’ll let it sit there and do its thing. My percentages at the end were 56.81% UPRO and 43.19% TMF, so they’re more-or-less in alignment. I didn’t rebalance at the start of the new quarter either as I just… well, didn’t. I should get to that tonight!

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David Loses Money Tracking my adventures in making money without earning it