Quanist Investment

There have been many black Mondays. When I am seeing a good S&P 500 index return, suddenly there is a decline. In order to be mentally prepared, I put together 30-year worth of S&P 500 index monthly closing values to see how often it drops more than 10%, 20% or 30%. Times When the S&P 500 Index Drops More Than 10% The S&P 500 index dropped more than 10% twelve times over the last 30 years. On average , there is a decline bigger than 10% every 30 months. No Date High Low Percent Change 1 Dec, 2019 3413.93 2721.57 -20.3% 2 Sep, 2018 3135.44 2709.90 -13.6% 3 FEB, 2015 2437.01 2192.67 -10.0% 4 Apr, 2011 1647.24 1354.31 -17.8% 5 Apr, 2010 1478.62 1285.30 -13.1% 6

Today is my first trading day for my SPXL portfolio project. At the very frist day, I will allocate about 70% of my asset into SPXL as I deem SP500 sitll bullish. So I bought 150 shares of SPXL for 139.07. My target SP500 index is 5200. My portfolio return the first day at closing is 0.3% with the SP500 index at 0.62% with a negative tracking error of 0.32% which is expected, because SP500 shot up right at the beginning of trading hours and I did not buy in SPXL right at the beginning of trading.