Week 3 Results
Just a quick post with the portfolio results from this week. I’m in the black for the first time this year. The Packers and Saints both won today for a total return of 0.53 + 0.5 = 1.03. On the year that puts me at 0.29 (3.6%).
I’m going to add something to the blog: I’ll compare my portfolio to the Stock Market over the same time period. I got this idea from one of the BadgerBets loyal readers and commenters: Big ‘Ern. For simplicity I’ll use the DJIA (Dow Jones Industrial Average). Most of the public considers the DJIA a measure of the health of the stock market, and you are considered a good professional investor if you can produce returns that consistently “beat the index” (produce returns at a higher rate than indices such as the DJIA and S&P 500). On Tuesday, September 6, which was the week that I started the portfolio (i.e. the first week of the NFL season) the market opened at 11000 even. That’s good, I may be able to remember that number througout the year. The close on Friday, September 23 was 10, 771 so the market has lost 2.1% over the same time period.
Portfolio Return since inception: 0.29 which equates to 3.6% ROI. ROI is calculated by dividing 0.29 by the number of games in which we were invested: 0.29/8 = 0.036
Green Bay: 1.2
New Orleans: (0.167)
San Diego: (.75)
Dow Jones Return since portfolio inception: (2%)
