OCT 20 2023 TFSA ACCOUNT AND BUYING TSLY SHARES

TFSA Account Review in 2 Weeks

They're all  red.

Total losses exceeded  $5,000.

TQQQ's decline widened from -4.08% to -12.45%.

TSLY dropped significantly from -7.4% to -21.43%.

Both TQQQ and TSLY have tripled their drops from two weeks ago.

Then, I bought more TSLY.

The total number of shares purchased is 29.

A buy to lower the rating.

I bought a total of two days.

This week's decline in TQQQ and TSLY pushed the cash ratio up 8.7%.

I added another $500 to my account this week.

Total assets are about $4000 less than they were two weeks ago.

To date, the market continues to undergo a correction.

Next week, we'll likely see another round of buying in TQQQ.

The swing seat's P&L dropped 8%, from -11.97% to -19.65%.

We still have a long way to go.

Short sheets also saw a significant drop in profit, from 22.88% to 12.16%.

The investment ratio dropped to 59.52% with the addition of cash.

The Nasdaq 100 index was down 2.6% more than two weeks ago.

The P&L to total assets ratio remains at 5.9%.

TSLY's gross profit margin dropped from 0.32% to -16.02%.

Next month's  dividend is likely to be cut, and the P&L is also widening significantly.

Currently, there are very few POOLs.

The additional shares brought the total number of shares outstanding to 267.

With the additional purchase, my payout ratio increased from 45.09% to 45.59%.

If you bought TSLY today, you'd get a 58.49% dividend yield.

The total assets of the current holdings are $57,000 and the drawdown is -14.8%.

Our losses have doubled from two weeks ago.

 

The current  Nasdaq 100 index PER is 29.89.

The 12-month forward P/E is projected to be 26.52.

In many ways, October continues to be a challenging month.

 

We're only a third of the way through October.

I wonder if there will be a reversal in the remaining 10 days or if it will close lower.

If there's an opportunity to buy something, I'm all for it.