Paper Portfolio – September 2023 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


During August, the Paper Portfolio returned -12.39% vs -1.63% for the SPY.… Read the rest “Paper Portfolio – September 2023 Update”

Paper Portfolio – August 2023 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.

Follow Capital Flywheels Via Email

Enter your email address to follow this blog and receive notifications of new posts by email.… Read the rest “Paper Portfolio – August 2023 Update”

Paper Portfolio – July 2023 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


During the month of June1, the Paper Portfolio returned 6.32% vs 4.02% for the SPY.… Read the rest “Paper Portfolio – July 2023 Update”

Paper Portfolio – June 2023 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


Last month, the Paper Portfolio took a marginally more conservative stance due to uncertainties around the debt ceiling.… Read the rest “Paper Portfolio – June 2023 Update”

Paper Portfolio – May 2023 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


After a strong 1Q, April brought back volatility that was reminiscent of the volatility that dominated much of 2022.… Read the rest “Paper Portfolio – May 2023 Update”

Paper Portfolio – March 2023 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


For February, the Paper Portfolio returned -1.81% vs -2.51% for the SPY.… Read the rest “Paper Portfolio – March 2023 Update”

Paper Portfolio – February 2023 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


For January, the Paper Portfolio returned 17.2% vs 6.29% for the SPY.… Read the rest “Paper Portfolio – February 2023 Update”

Paper Portfolio – January 2023 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


Due to a challenging travel schedule towards the end of November, I did not update the Paper Portfolio last month.… Read the rest “Paper Portfolio – January 2023 Update”

Paper Portfolio – November 2022 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


October was a relatively stable month for the Paper Portfolio. The Paper Portfolio returned 1.74%.… Read the rest “Paper Portfolio – November 2022 Update”

Paper Portfolio – October 2022 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


September was another very challenging month for markets and the Paper Portfolio.… Read the rest “Paper Portfolio – October 2022 Update”

Paper Portfolio – September 2022 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


Between Pelosi’s visit to Taiwan at the beginning of the month and the Fed’s recent (and continued) hawkish commentary towards the end, August felt like an eternity.… Read the rest “Paper Portfolio – September 2022 Update”

Paper Portfolio – July 2022 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


With another challenging month coming to an end, this brings the current selloff into its 7th month.… Read the rest “Paper Portfolio – July 2022 Update”

Paper Portfolio – June 2022 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


After a very challenging April, May came in almost as challenging.

The Paper Portfolio declined 13.6% vs (very frustratingly) a small +0.23% return for the S&P500.… Read the rest “Paper Portfolio – June 2022 Update”

Paper Portfolio – May 2022 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


Since the inception of the Paper Portfolio, April was the single most challenging month.… Read the rest “Paper Portfolio – May 2022 Update”

Paper Portfolio – April 2022 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


March was an extremely volatile but interesting month.

Markets sold off violently in a way that was eerily similar to the market selloff two years ago.… Read the rest “Paper Portfolio – April 2022 Update”

Paper Portfolio – March 2022 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


We live in a Chaotic era, an era of Change.

Nothing made that more clear than the last few weeks.… Read the rest “Paper Portfolio – March 2022 Update”

Paper Portfolio – February 2022 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


What a start to the year.

The selloff that began in late November and accelerated in December…continued to accelerate throughout January.… Read the rest “Paper Portfolio – February 2022 Update”

Paper Portfolio – January 2022 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


First off – Happy new year! May we all live in less interesting times in 2022.… Read the rest “Paper Portfolio – January 2022 Update”

Paper Portfolio – December 2021 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


I’m currently on holiday (at a nice warm beach) and I assume you were / are / will be, too, so I’ll keep this short (and because there really isn’t much to say anyway!).… Read the rest “Paper Portfolio – December 2021 Update”

Paper Portfolio – November 2021 Update

As always, this is not investment advice! Please do your own due diligence and take your own financial situation into account. Everyone has a different financial situation, which means different tolerances for risk and ability to take risk. What is appropriate for me may not be appropriate for you.


In the blink of an eye, the year is almost over as we head into the final stretch.… Read the rest “Paper Portfolio – November 2021 Update”

Paper Portfolio – October 2021 Update

The Paper Portfolio returned -5.68% during September vs -4.66% for the S&P500. This brings YTD returns to 9.90% for the Paper Portfolio vs 15.91% for the S&P500.

September saw a number of extraordinary and unexpected events. While Capital Flywheels anticipated some volatility around the potential announcement of Fed taper (check), Capital Flywheels did not foresee an energy shortage in China that is now feeding investor concerns around further supply chain stress and potential inflationary impact.… Read the rest “Paper Portfolio – October 2021 Update”

Paper Portfolio – September 2021 Update

The Paper Portfolio performed well during the month of August. The Paper Portfolio returned 6.00% vs the S&P500’s 2.98%.

This brings the Paper Portfolio’s YTD performance up to 16.52%, still slightly lagging the S&P500’s 21.57%.

The capital markets are currently in a tricky place. “Investors” have likely never been more risk-seeking than they are now compared to any other time in the last decade.… Read the rest “Paper Portfolio – September 2021 Update”

Paper Portfolio – August 2021 Update

The end of July marks the 2 year anniversary of the Paper Portfolio. During the last two years, the Paper Portfolio has returned 150.42% vs the S&P500’s 52.60%.

While the Paper Portfolio has performed well over the last two years, it has occasionally been defined by periods of excess volatility. This includes the first six months after launch in which many of the high quality stocks in the Paper Portfolio were impacted by fear around WeWork collapse.… Read the rest “Paper Portfolio – August 2021 Update”

Paper Portfolio – July 2021 Update

The Paper Portfolio performed well during June. The Paper Portfolio returned 14.87% vs the S&P500’s 2.25%. While the performance for the month was strong, the Paper Portfolio still needs to make up some lost ground in order to match the S&P500’s strong performance year-to-date. The Paper Portfolio has returned 11.90% YTD vs the S&P500’s 15.25%.

This has not been an easy year for quality / growth / secular winners since many investors seem inclined to rotate into beaten down value stocks or companies that were negatively impacted during the pandemic (and hence likely to benefit from a reopening).… Read the rest “Paper Portfolio – July 2021 Update”

Paper Portfolio – June 2021 Update

For everyone in the US, happy Memorial weekend! This is likely the first holiday weekend where a large portion of the population is finally vaccinated and ready to experience the world once again.

Hope everyone has a happy and healthy weekend!

During the month of May, the markets remained choppy. High-growth / high-multiple stocks reversed some of the gains experienced in April, while more reasonably valued large-cap growth stocks and reopening / value plays benefited.… Read the rest “Paper Portfolio – June 2021 Update”

Paper Portfolio – May 2021 Update

Following the challenging month of March, April turned out to be a nice reprieve.

Our decision to lean into the March weakness for last month’s Paper Portfolio update also helped support performance.

During the month of April, the Paper Portfolio returned 7.44% against the S&P500’s 5.29%. This returns the Paper Portfolio to positive YTD performance, coming in at 3.74%. However, this remains below the S&P500’s YTD performance of 11.98%.… Read the rest “Paper Portfolio – May 2021 Update”

Paper Portfolio – March 2021 Update

Hello, friends. 👋🏻👋🏻

Before I dive in, just wanted to remind everyone that I originally started the Paper Portfolio only to be a writing device. I wanted something that would force me to write more frequently.

This is not intended to be investment advice. I am not a registered investment advisor. I am not qualified to give you investment advice.Read the rest “Paper Portfolio – March 2021 Update”