General Fund Update
Original Publish Date: September 2, 2020
Here are a few important updates regarding the Honey Growth Fund. We will be restructuring the portfolio at the end of October and making a few larger additions. We did a fair amount of buying through August and will be continuing that trend through September as we continue to rotate sectors. As of today’s close, we’ve currently returned 70.9% YTD and 18,485.2% since inception April 2018.
A point to note: Our first rescaling happened when we hit 16m – at which point we rescaled by 85%. We will be looking at rescaling the strategy a second time once we hit 8-8.75m. For your reference, the Honey Growth Fund currently sits at 4.159m. The estimated timeframe for the rescale is late 2021.
We are also on track with a 2022 private fund launch. At this point, our Collective based strategy will be terminated, and only accredited investors will be accepted – though a very limited number of non-accredited investors who have been following the fund will have the opportunity to join. The private fund will be largely derivative-based; however, the scale will also allow additional share purchases to smooth the return/loss profile.
If you are interested in keeping up to date with portfolio restructurings, sector shifts, developments regarding our private fund, and the launch of some free educational materials, you can sign up for our email list below.
Disclosure: I am/we are currently long technology, energy, healthcare, consumer discretionary, consumer staples, and financial-based securities.
This article expresses my own opinions. I am not receiving compensation for this article – other than from Honey Investments. I/we have no business relationship with any companies whose stock is mentioned above.
Portfolio Restructuring Coming October
Plans to Rescale the Strategy Late 2021
Private Fund on Track for 2022
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General Fund Update
Original Publish Date: September 2, 2020
Here are a few important updates regarding the Honey Growth Fund. We will be restructuring the portfolio at the end of October and making a few larger additions. We did a fair amount of buying through August and will be continuing that trend through September as we continue to rotate sectors. As of today’s close, we’ve currently returned 70.9% YTD and 18,485.2% since inception April 2018.
A point to note: Our first rescaling happened when we hit 16m – at which point we rescaled by 85%. We will be looking at rescaling the strategy a second time once we hit 8-8.75m. For your reference, the Honey Growth Fund currently sits at 4.159m. The estimated timeframe for the rescale is late 2021.
We are also on track with a 2022 private fund launch. At this point, our Collective based strategy will be terminated, and only accredited investors will be accepted – though a very limited number of non-accredited investors who have been following the fund will have the opportunity to join. The private fund will be largely derivative-based; however, the scale will also allow additional share purchases to smooth the return/loss profile.
If you are interested in keeping up to date with portfolio restructurings, sector shifts, developments regarding our private fund, and the launch of some free educational materials, you can sign up for our email list below.
Disclosure: I am/we are currently long technology, energy, healthcare, consumer discretionary, consumer staples, and financial-based securities.
This article expresses my own opinions. I am not receiving compensation for this article – other than from Honey Investments. I/we have no business relationship with any companies whose stock is mentioned above.
Portfolio Restructuring Coming October
Plans to Rescale the Strategy Late 2021
