April turned out to be a thoroughly nondescript, boring, and lackluster month…kinda nice, wasn’t it? All portfolios around the breakeven point after withdrawals. Winner: the Capital Efficient Butterfly (+.79%); loser: the Levered Seasons (-.69%). RPC Stability up .01%, and still first overall.
Bit of a tempest in a teacup this month: lots of bad and dramatic news, but in the end, really decent portfolio performance. Bonds made a big comeback, helping the Qian portfolio win the month. RPC Stability still in first overall, but its lead is shrinking.
Whiplash…again? Horrible December, great January, and now back to dismal. Only one asset up for the month (DBMF!) led to bad performances across the spectrum. Best: Classic 60/40, worst: the bond heavy Qian portfolio. RPC Stability remains stabilized in first place overall.
Near the one year blog-iversary and now stepping back. Portfolio reviews will continue, but otherwise, an end to writing for a little while, maybe a long while. We'll see. With some words of appreciation to all those who have read, emailed and helped out with this quirky passion project of mine.
Finally now wrapping up the mini-series on capital efficiency, this time by passing along a few resources that I have found helpful in my investigation. Kind of a Noah’s Ark of resources: two new whitepapers, two links to papers I have already reviewed, two helpful videos, and two websites.