I am starting the process of working on my taxes so I’ve had a chance to look at my returns from a variety of brokerage accounts. I am not including my cash accounts because cash accounts have money going in and out and it’s too difficult to track what were investment returns and what was job or rental income going into those accounts vs dividends, interest, options trading.
Schwab IRA
I have an IRA at Schwab and the returns for this account for 1 year were 28.27%
This is somewhat my “speculative” account where I trade covered calls, cash secured puts, and collars on a variety of ETFs and stocks. Most of the big gains came from NVIDIA, IWM, TLT, GLD, and SLV.
Fidelity IRA
I have an IRA at Fidelity and the returns for this account for 1 year were 24.36%
This is my “core” account and it has a broader array of stocks and ETFs. I also trade covered calls, cash secured puts, collars, and put spreads on this account.
Morgan Stanley ROTH
Don’t laugh but my ROTH had an abysmal performance for the year coming in at 3.79%
So what happened here? Well nothing much and that’s the problem. Between managing cash accounts, IRAs, rental properties, bonds, stocks, foreign currencies, precious metals, and other investments this account was the red-headed step child that got little to no attention. This account essentially sat in cash earning interest from bonds. I plan on remedying this issue this year and I’ve already made some changes so returns should improve next year.
The good news is that there are no significant or even minor losses in my accounts and that’s my primary purpose these days. I was actually quite surprised I managed over 20% returns in my IRAs but this market has been on a tear.
AI Investment Partner
I have high hopes AI will increase my gains significantly this year too but I am also being fairly conservative. I think we are long overdue for a major correction and if we have a major correction, this will be a true test of AI’s resiliency to navigate tough markets.
Share The Wealth
Did you have big gains or big pains?
Can you break out returns on the options strategies versus return on the underlying security?
Well that’s easier said than done. I downloaded all the transactions for one account and uploaded them to AI and asked it for a detailed analysis. I will write a future post on it but here is the summary for one account.
Total Return: $205,000
Options Trading (52%): ~$108,000
Capital Appreciation (32%): ~$83,000
Dividend Income (14%): ~$33,000
Interest Income (2%): ~$6,500