Activity
The portfolio was down -7.17% and the SPX was down -5.26%. Considering I increased the size of the positions last month, this month’s performance wasn’t as bad as it could have been.
In the SPY strategy, the February position was rolled out to April. Also, because of the downturn in the market, I reduced the exposure. For the month, the strategy subracted 1436 bps from the portfoliio.
In the SPX strategy, I closed the January position, adjusted the February position, and added a March position. The strategy added 714 bps to the portfolio.
The good luck position in Berkshire Hathaway added 4 bps to the portfolio.
Cash was flat.