A Note to Our Readers: The post below was originally written as personal monthly letters to our Charter Asset Management clients from our CEO, Jesse Anderson. We have modified them slightly to share important insights with the entire Snider Advisors community.
February was another excellent month, and in many ways, a standout. With an average net current yield across the entire managed portfolio exceeding 14%, it marked our strongest month since early 2021. Performance was solid across the board. We entered the month with strong premiums on Trade Day, collected consistent interest and dividend income throughout, and finished with meaningful capital gains from stock sales.
More broadly, February continued a trend we had seen for over two years. Since the start of 2024, income generation had been consistently strong, and most portfolio values were at or near their highest levels.
After that extended period of steady gains, the market finally took a step back following February’s Trade Day. March gave us our first meaningful pullback since the tariff-driven volatility last spring.
While geopolitical tensions in Iran and rising oil prices have played a role, this kind of movement is simply part of investing. Markets don’t move straight up, and that’s not a bad thing. In fact, for Snider Method investors, it’s an opportunity.
Lower stock prices allow us to buy quality positions at a discount, and increased volatility helps drive higher option premiums. That combination continues to support what we focus on most: income.
Even with the recent dip, March remained a strong month, with our managed portfolios generating an annualized net current yield near 11%. It’s a good reminder that we are well-equipped to handle further uncertainty, but still positioned to benefit when prices regain upward momentum.
Tax Season Update: What You Need to Know
As tax season moves into full swing, we want to ensure you have what you need to file accurately and efficiently.
For clients with taxable accounts, your Form 1099-Consolidated, issued by TradeStation, is the primary document required for filing. This form summarizes your 2025 transactions, dividends, and interest, and is available through your TradeStation Client Hub.
If you use tax software or work with an advisor who prefers imported data, TradeStation’s Tax Center also allows you to export your full-year activity in a variety of formats.
For retirement accounts, if you took a distribution in 2025, you should have received a Form 1099-R by mail earlier this year. If you have not received it or need another copy, our team is happy to assist in obtaining one for you.
As always, if you have questions or need help locating your documents, please don’t hesitate to reach out. We are here to make the process as smooth as possible.
Staying Focused
Short-term market moves can be distracting, but they don’t change our approach. We remain focused on generating consistent income, managing risk, and taking advantage of opportunities as they arise.
Thank you for your continued trust.
Jesse Anderson, CEO