August was a slow trading month.  I was pretty busy with work so I only made five trades for a total return of $50.51. Though volume and value were small, my average return was 41.08%!  My return would have been 53.58% except one of the trades was an arbitrage, taking the value of that trade from 100% return to 50% return. I had absolutely no use for the card that represented the first leg of the arbitrage, so I’m happy with a 50% return in the end.Read More →

This month the trade volume on /r/giftcardexchange has lessened considerably.  The weather has been warm, I’ve visited various and sundry places and generally kept a busy schedule – all things which conspired to lessen my availability for trading. Still, while the monetary value of the return on my trades in July was low at $15.50, my average return was happily high at ~40.78%! For comparison’s sake, during the same time period the S&P 500 returned 1.93% – a relatively fair metric for “at-a-glance” comparisons. As usual I’m investing the equal of the monetary value of the trades in one of our portfolios: Acorns (internal link), Aspiration (external link), Betterment (internal link), or Prosper (internal link).Read More →