Financial Letter - September 14th, 2020
289th 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) Intensive Course- September 19th 2020
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)
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) dropped 2.5% the week of September 7th for a second straight week. Investors continued pulling back and pocketing their profits from the market's recent historic high.
The SPY's EMAs continue getting closer to an eventual negative cross. This could potentially lead to a bigger correction. The VIX's EMAs already crossed positively last week making the market more volatile.
Classic Portfolios (Min. 100K)
Our classic portfolios have four components: directional products, income products, money market products (cash) and commodities. After each quarter, with the help of technical analysis, we determine the appropriate proportions for each component in order to benefit from our market forecast. During the last rebalancing in July, the proportions chosen were as follows:
- Directional products: 55%
- Revenue Products: 35%
- Money market products: 5%
- Commodoties and derivative products: 5%
The first week of August we closed all of our positions in commodity products and replaced them with revenue products. This week (Thursday September 3rd) we decided to close all of our directional products in our portfolios because of certain technical indicators announcing volatility to come. We are awaiting a lower volatility before reentering into our directional products.
Return of our classic portfolios over the past three months (June 1st to August 31st): +10.14%
VIP accounts (CKL0522 ETF) - 2020/09/14 - Min. 250K US
Week of September 7th 2020
No strategy was added this week due to the increased volatility of the market.
VIP accounts (CKL0522 Futures Market) - 2020/09/14 - Min. 25K US
Week of September 7th, 2020
No strategy was added this week due to the increased volatility of the market.
Have great week!