Financial Letter - April 6th, 2020
267th issue (since 2015/01/24)
(1) We offer portfolio management services for futures market accounts with a minimum of 25K USD or the equivalent in CAD.
(2) CKL Inc. offers an actively managed portfolio with US ETFs combined with option strategies. This portfolio requires a minimum of 250K USD or the equivalent in CAD.
(3) And evidently we offer high quality long term portfolio management with low fees (0.9%). This portfolio requires a minimum of 100K CAD.
*No transfer of funds required.
For more information on any of these portfolios, write to us at info@charlesklangford.com.
Our next intensive courses:
- Construction de portefeuille (April 18th 2020)
- Investissements stratégiques avec les marchés à terme (Futures) (April 19th 2020)
**Due to the government's Covid-19 guidelines on social distancing and isolation we will be offering these two courses live online through Zoom. **
*A screenshot sent to us by a participant of the option course given on April 5th via Zoom.
For more information on these courses visit our seminars page:
http://www.charlesklangford.com/en/services/seminars
To reserve a spot for these coures, write to us at info@charlesklangford.com
S&P 500 Index - The Center of the World's Financial Solar System
The S&P 500 index (SPY and derivatives) fell by 2.1% the week of March 30th for the sixth time in seven weeks. 700, 000 jobs were lost in the United States in March due to the Covid-19 pandemic and the death toll is increasing at an accelerating rate.
The volatility of the market is decreasing and the VIX's moving averages (EMA 7,27) are getting closer to eventually crossing negatively indicating optimism once more in the market.
VIP accounts (CKL0522 Portfolio with ETFs) - 2020/04/06
Week of March 30th 2020
Our strategy this week was to once again add an option strategy to our support product (SPY) that is currently losing in an opened position. This strategy is profitable if the product continues falling, remains at the same level or goes up until a certain price. We repeated the strategy twice during the week.
Weekly profit/loss on the closed positions:
First strategy from Monday to Thursday: 1029$ US
Second Strategy from Thursday to Friday: 392$ US
Weekly profit on closed positions: 1421$ US per client
VIP accounts (CKL0522 Portfolio on Futures Market) - 2020/04/06
Week of March 30th 2020
No activity in the futures accounts due to the high VIX.
We would like to advise our clients that during this pandemic we remain opened, constantly following the market and available for any questions.
The team at CKL Inc. wishes you a great week!