CASH
Cash Balance	$143,256.83
Short Sale Proceeds	$2,378.00
Loan Balance	$0.00
Interest Earned on Cash	$1,468.55
Interest Charged on Loan	$0.00
Bonus Cash	$0.00

PORTFOLIO AND BUYING POWER
Portfolio Value	$1,048,172.99
Portfolio Value at 1st of Month	$1,045,114.83
Restricted Funds	$0.00
Margin Requirements	$0.00
Buying Power	$1,218,208.14

MARKET VALUE
Market Value of Long Positions	$904,954.01
Market Value of Short Positions	$2,416.00
Accrued Interest Earned on Bonds	$14.27
Total Market Value of All Positions	$907,370.01

MARKET VALUE
SPY ETF at start date	$396.96
Current SPY ETF	$411.88
SPY ETF % Return	3.62%
Percentage Return	4.82%

TRADES MADE/REMAINING/TOTAL
Trades Made/Remaining/Total	20/280/300

CHARGES/DIVIDENDS
Total Commissions Paid	$200.00
Total Dividends Received	$1,376.35

In your written analysis, you may want to consider some of the following issues. What was your portfolio performance in the context of portfolio theory or equilibrium pricing theory? What was the source of your portfolios performance systematic or unsystematic risk? How were derivatives used in your portfolio? Hedging? Speculating? What degree of interest rate risk exposure did your portfolio have? What trades would you do differently with the information you have now learned in FIN 4504? This does not mean what trades you regret simply because you lost money. Instead, knowing what you now know from FIN 4504, how would you approach this exercise (or your real portfolio) differently in the future? Given what you know about market efficiency, were your profits/losses due to skill, luck, balance of risk and return, insider information, ...? If you conclude that you are one of most skilled traders in the world, you must be able to justify such a statement. Otherwise, to what do you attribute your portfolios performance?