And so our journey begins

So what, you may be wondering, is the point of this blog. Well, it’s a way of enforcing discipline to put investment thoughts down on paper and providing a journal for tracking them as time goes by. Over time, it’ll hopefully improve one’s ability to invest! While keeping a private journal/diary would probably be a better way, it’s harder to skip out on writing a blog post…and it’s always more fun to take a journey with friends!

Ideas are tracked in 2 ways, through PA investments and online on Kaching.com. The constraints involved in both, limit our intrepid hero (aka Our Man in NYC, or “OM”) to medium-long term ideas (3-6 months to multi-year) in addition to constraining the universe available. Nonetheless, it would be foolhardy to suggest any likely negative impact from these constraints.

Differences between PA and Kaching:
- Different start dates (9/8 for PA and 10/19 for Kaching. The PA's performance in the intervening period was +2.64%)
- Slightly different initial position sizes (due to existing positions in the PA)
- PA requiring approval on trades from the powers that be, meaning it’s almost exclusively invested in ETFs, and options thereupon, with the occasional small/micro cap.
- Kaching being limited solely to ETFs and equities, and allowing no options (and the implied leverage they provide).

PS. What’s with this 3rd person stuff?
I enjoy the literary device of using it, so bleah!