I purchased 50 shares of DBV this afternoon at $22.95.  From the prospectus:  “The Index is designed to reflect the return from investing on a 2:1 leveraged basis in long currency futures… with relatively high yielding interest rates and in short currency futures… with relatively low yielding interest rates.”

Reasonably thinking, I have been selling various positions all through 2H09, which has resulted in a large cash position.  Purchasing DBV is an attempt at putting some of that cash to work.  Given a steady investing thesis, I hope that I can pick up additional shares of DBV down the road.

Upcoming trade… the SDS put option I sold back in August comes due tomorrow; I will likely the have shares put to me.  (I will provide an update only if something changes).

Upcoming for the blog…  At the end of the year, I will document my 2009 performance (both new trades and personal account).  In my personal account*, I have beaten the market 10 of the past 11 rolling four quarters, however I do not expect to extend this streak since I have moved into cash to prepare for the next recession.

*I use rolling four quarter increments (a trailing twelve month internal rate of return) because it is the most applicable and accurate measurement.  This takes into perspective the timing of when cash moves into and out of an account.  This is the most logical way to measure a personal account since cash movements vary into and out of different accounts throughout the year.