Financial Letter - March 23rd, 2020
265th 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:
- L' Analyse technique expliquée (April 4th, 2020)
- Investissement stratégique dans les options (April 5th, 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. **
Fore 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) for the week of the 16th of March fell by 15%. The Covid-19 global pandemic continued it's spread and forced government officials all around the world to suspend more and more services and even shut down entire cities. The Real Estate sector and the Energy sector had the worst performance this week and until now the market has lost 29% since the beginning of the year and 32% since the historic high of the 14th of February.
The Volatility Index (VIX) is finally showing a certain fatigue in it's rise, meaning the volatility of the market is starting to decrease. However at 66% it is still far too high to use technical analysis accurately.
VIP accounts (CKL0522 Portfolio with ETFs) - 2020/03/23
Week of March 16th 2020
Our strategy this week was to once again add an option strategy to our support product (SPY) that is currently losing in a 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 time: 847$ US
Second time: 455$ US
Profit on the closed positions: 1302$ US
VIP accounts (CKL0522 Portfolio on Futures Market) - 2020/03/23
Week of March 16th 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!