Financial Letter - August 24th, 2020
286th 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.
What's new (Fall 2020)
CKL Inc. is offering training programs, intensive courses, webinars and live trading sessions in partnership with Desjardins Online Brokerage. These courses are offered in french. To view the calendar of our upcoming events follow the link below:
http://www.charlesklangford.com/en/services/seminars
Next Course: Valeurs mobilières et dérivés (offered in french)
Dans cette série de quatre cours, les sujets suivants seront développés :
- Actions de sociétés
- Titres à revenu fixe (obligations et actions privilégiées)
- Fonds négociés en bourse (FNB), fonds de placement
- Prises de décision d'achat et vente avec l'analyse technique
- Prises de décision basées sur l’analyse fondamentale
- Création d'un portefeuille
- Analyse des risque
- Négociation avec produits dérivés (options et marchés à terme)
Cours 1 - le mardi 1er septembre 18 h 30 - 20 h 30
Cours 2 - le mardi 8 septembre 18 h 30 - 20 h 30
Cours 3 - le mardi 15 septembre 18 h 30 - 20 h 30
Cours 4 - le mardi 22 septembre 18 h 30 - 20 h 30
Write to us at info@charlesklangford.com to reserve your spot.
* Clients of Desjardins Online Brokerage receive a rebate of 50$ for this course.
S&P 500 Index - The Center of the World's Financial Solar System
The S&P 500 index (SPY and derivatives) rose by 0.7% the week of August 17th 2020. The strong gains posted by the technology, consumer discretionary, and communication services sectors outweighed the declines led by the energy and financial sectors. The technology sector, but more specifically, the five companies in the S&P 5 (AMZN, AAPL, MSFT, GOOGL, FB) had the best performance with gains of almost 4%.
The SPY continued its uptrend but once again shows signs of weekness in its rise. The market's volume continues to decline but this may be due to the month of August that historically has less volume than other months. The VIX concluded its week at similar levels to the previous week's close (22.54$)
VIP accounts (CKL0522 ETF) - 2020/08/24 - Min. 250K US
Week of August 17th 2020
This week we constructed an option strategy on the SPY that is profitable if the market slightly rises, slightly falls or stays at the same levle. This strategy was added to the accounts the 21st of August and expired on the 28th of August.
Weekly profit/loss on the closed positions:
Profit on the option strategy : 430$ US per client
Net weekly profit : 740$ US per client
VIP accounts (CKL0522 Futures Market) - 2020/08/24 - Min. 25K US
Week of August 17th, 2020
This week we constructed an option strategy on the ES in our futures market accounts. We multiplied the number of contracts depending on the value of the accounts. This strategy is profitable if the market slightly rises, slightly falls or stays at similar levels. We added this strategy to the accounts on the 21st of August and closed the strategy on the 28th of August.
Profit of the option strategy :
Level 1 clients : 354$
Level 2 clients : 709$
Level 3 clients : 1,018$
Net weekly profits on closed positions:
Level 1: 354$ US per client
Level 2: 709$ US per client
Level 3: 1,018$ US per client