March 11, 2010 11:07 PM ET
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Diverse with Tech Focus (Opportunistic)
Ben Wong
Strategy Diverse with Tech Focus
Category Opportunistic
Average trade replication time 2 minutes
585 Views
1 Subscribers
Fees 1.10% of invested assets p.a. Subscription Min $5,000.00*
He invests in anticipation of good news and new product launches, focusing 30%-40% of the portfolio in the technology sector. He uses both fundamental and technical analysis, holding between 5 and 10 positions. He is enlisted in the US Military as a technician focusing on radios and satellites.
He invests in small to large cap companies, with 30%-40% invested in the technology sector. Additionally, he will diversify the portfolio using in ETFs in order to get exposure to foreign markets, currencies and commodities. He looks to invest in anticipation of good news and new product launches. He looks for value in companies with good balance sheets and strong future earnings. He leans towards... [more +]
He looks for investment opportunities from technology and investment blogs and news releases. From a technical perspective, he studies charts to look for short-term trends and uses basic technical analysis. From a fundamental approach, he uses secondary research and analyst reports to identify undervalued companies.
He will hold between 5 and 10 positions with an allocation of between 10% and 30% in any one holding. He will only trade 3-5 times per month.
He will sell positions when they reach a target goal. He will use stop losses to limit losing positions.
None.
Investment Report
Because of the recent problems in the EU and the “PIIGS” country, particular Greece, I am becoming more bearish as the situations takes longer to resolve. I believe that if and when these countries become insolvent, it will also affect the markets here in the U.S. With that viewpoint, I began to withdraw into more of a cash position, and add to short exposures through ETF’s like SDS and FAZ. At...
March 2010
Personal Background
- Enlisted in the US Marines as a military occupation specialist focusing on radios and satellites
- 5 years worth of investment experience
- Steadily grew his investment portfolio during the financial crisis in 2008
Experience on Covestor.com‡
Ben Wong's Covestor.com Profile
- Overperformed S&P 500 for 15 of their 25 months on Covestor.com#
- Return Since Inception: 202.38% (February 2008)
- Last 3 Months Return: 2.04% (S&P 500 0.81%)
- Annualized Return: 70.61%
- Sharpe Ratio: 1.29 (S&P 500 -0.09)
- Maximum Drawdown: -42.96% (S&P 500 -56.78%)
Performance
| Inception December 22, 2009 | Model Manager | S&P 500 |
|---|---|---|
| Return Since Inception (%) | (6.99) | 2.47 |
| Month to Date Return (%) | (0.71) | 3.72 |
| Sharpe Ratio | (2.09) | 0.79 |
Monthly Performance (%)
| Month | Return | S&P500 | Outperformance | Risk | Performance |
|---|---|---|---|---|---|
| Feb | 1.86 | 2.85 | (0.99) |
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| Jan | (8.04) | (3.70) | (4.34) |
|
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The performance of the model manager's account has been calculated by CVIM on a daily time-weighted basis including cash and broker commissions. These returns do not reflect any CVIM suitability or risk score restrictions and are exclusive of CVIM fees. Therefore, they do not represent the performance of the CVIM model available for subscription. Benchmark returns have been calculated by CVIM using a time-weighted calculation of daily valuations and do not include cash or transaction costs. Please see the additional disclosures below.
Top Holdings
| Symbol | Security | Exchange | Allocation (%) |
|---|---|---|---|
| Cash | n/a | n/a | 33.28 |
| PFE | PFIZER INC | NYSE | 12.00 |
| BAK | BRASKEM SA-SPON ADR | NYSE | 8.70 |
| DRWI | DRAGONWAVE INC | NASDAQ | 8.22 |
| MOT | MOTOROLA INC | NYSE | 7.64 |
Total Holdings 11
Data displayed is as of market close: March 10, 2010
Recent Transactions
| Symbol | Security | Type | Price |
|---|---|---|---|
| PFE | PFIZER INC | Buy | $17.27 |
| NOK | Nokia Corporation | Sell | $14.53 |
| FAZ | DIREXION DAILY FINL BEAR 3X | Sell | $14.86 |
| MOT | MOTOROLA INC | Buy | $6.95 |
| NOK | Nokia Corporation | Buy | $14.15 |
Data displayed is as of market close: March 10, 2010
* The Subscription Minimum is the minimum subscription required to follow a particular model. The minimum amount is determined by CVIM, based on the characteristics of the underlying model. It should not be considered as specific investment advice for your investment situation.
‡ Covestor.com performance data has been calculated by Covestor on a daily time-weighted basis of the equity positions of the account and is exclusive of any commissions and cash in the portfolio. The member's performance on Covestor.com, based on a separate account, may not reflect the strategy employed to manage the model available for subscription on CVIM. Please see additional disclosures below.
# Since the model manager's inception in Covestor.com
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