About

This site is my public portfolio record. I document a personal portfolio using ETFs and options.

The portfolio is run from British Columbia, Canada, with my own capital. I do not manage client assets, accept outside capital, or provide investment advice through this site.

The Record

The public record shows:

• Portfolio time-weighted return
• S&P 500 Total Return benchmark in CAD
• Difference versus benchmark
• Drawdown
• Return drivers as percent of beginning NAV
• A custom daily risk monitoring framework

Returns are CAD-based and time-weighted. External cash flows are separated from performance so the return record reflects portfolio results.

Performance records are monthly and automated. Each monthly record includes four reporting periods: trailing 1 month, 3 month, 12 month, and since-inception. Quarter-end and year-end performance are therefore embedded in the monthly record. Each period has three sections: Performance Path, NAV Return Drivers, and Risk Breach Days.

Method

The portfolio uses ETFs as the base and options selectively when the risk/reward is worth documenting.

My current heuristic baseline is 40% SPY, 20% GLD, 20% IBIT, and 20% SGOV, held in USD. It is a reference mix, not a mandate. Tactical allocations can move the portfolio away from that baseline when risk/reward justifies it.

The goal is to make the process legible. The automated record keeps me honest because the same format is used every month. Manual PM notes are separate and optional because they are only worth writing when there is judgment to add.

Risk

Options can create losses quickly, especially when margin is involved. Short-option and volatility-income trades can look steady for long stretches and then become uncomfortable very fast.

AUM matters when reading the return record. A smaller portfolio can naturally accept more concentration, margin, and position-level risk than a larger portfolio, which can elevate both returns and drawdowns.

Risk Monitoring

Risk breach days are my own control metric, not an industry-standard performance figure. The framework checks daily portfolio exposures against practical limits for delta, gamma, vega, theta, margin cushion, open contracts, recent trading activity, and VIX.

The metrics are:

• Asset Delta / AUM: directional market exposure relative to portfolio size.
• Asset Gamma / AUM: how quickly delta exposure can change as prices move.
• P&L per +10 IV / AUM: estimated portfolio impact from a 10-pt rise in implied volatility.
• Annual Theta / AUM: annualized option decay exposure relative to portfolio size.
• Margin Cushion / AUM: remaining buying power in dollars relative to portfolio size.
• Contracts: count of open distinct option contracts
• 30d Trade Count: buy/sell transaction count from the trailing 30 calendar days.
• VIX: SP500 Vol Index (30-day implied)

The current target is fewer than 10 breach days per month. That target is intentionally provisional: more monthly data should make the limits more precise and stricter over time. Risk monitoring and risk management will also need to strengthen as AUM grows.

This is not investment advice, an offer to sell securities, or a solicitation to manage money. It is a public notebook about my own portfolio.