Beary Interesting – March 2018 Financial Update

The following financial update for March 2018 covers all performance and happenings from the month of February, and is based on the latest valuation date of 3/1/2018.

February was literally one of the craziest market months in recent memory, and certainly since the inception of Sneaky Falcon Enterprises…

Key Metrics

SFE Share PriceMoM Change in PricePortfolio ValueCashOverall Return

…that being said, we weathered the storm relatively well. Whether you credit our diversification into crypto or our eclectic stock choices, or even dumb luck, we came out of February mainly intact.

2018 Performance to Date

Still trailing obviously. But again, with everything taking a tumble last month, we didn’t fall quite as hard as the market.

It’s too soon to tell if the bears are finally vindicated for finding the top or if it’s a healthy correction as the bull is letting off some steam. We are cautious, but not heading to our Sneaky Falcon panic room just yet.

Transactions in the Period

DateTransaction TypeDescriptionAmount
2/2/2018DividendCVS Dividend$6
2/2/2018Dividend ReinvestmentCVS Purchase-$6

Big money makes big moves!

Just kidding. Since we are still pretty cash strapped, we didn’t take the opportunity to buy. We basically spent most of February curled up in the fetal position waiting for the craziness to end.

To our credit however, we didn’t overreact and sell the dip either. We did nothing but collect our CVS dividend and exercise patience. Good on us.

Chart of the Month

This month’s chart is an excellent lesson in hindsight, and being aware of your own limitations and stupidity.

The above chart is the price of XIV, the inverse volatility ETF, which tracks opposite the VIX. Long time followers of the Falcon may recall that we tried our hand at this, betting on the markets not getting rattled. However we bought in March 2017, and promptly sold in April, for a loss.

As it turns out, our hypothesis was generally correct. In the months following our stop loss sale, XIV continiued to rally 125% from our selling price to it’s high in January. However when volatility spiked in early February the XIV ETF collapsed to basically 0, and the fund was shut down.

In hindsight, we clearly sold out at the absolute lowest point for the ETF in 2017 after our purchase. But also in hindsight, had we not sold then, we likely would have still been riding that bad boy moonward until it fell off a cliff and left us with nothing. Conclusion: winning!

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