Author: responsibleinvestor892405851

$LVMUY $LRLCY $BK $SYF $GILD $GRUB $SQQQ $SCO $PCG | Responsible Investor Portfolio Update, June 20th, 2020

The global markets were consistently positive this past week, with Italy’s #FTSEMIB leading with a 3.9% gain. Our RI Portfolio lagged behind due to the hedges I had put in place. I had increased our hedges as I felt the markets were “tired” of going up but the week was largely positive in the end. Well, we are still showing a positive total return and we are only 3 weeks in since inception ! Also, I’d rather always loose on my hedges than on my core positions..

We have initiated 4 new positions this week, all in the European markets: two consumer French large caps, Luis Vuitton and L’Oreal and two Italian stocks, one in the media sector and the other one in the technology sector. We have also accumulated on Pacific Gas and Electric Company. With reduce and accumulate alerts the relative weight of the open positions change of course.

This week’s winners in our RI Portfolio were Italy-based Terna (+8,4% gain) and Grubhub (+6,2% gain).

The USD lost some ground compared to the EUR (0.9%) while there was no impact of the Danish krona. This means that in a portfolio in USD, the European stocks will have lost some of their value.

We now have 14 open positions, 2 of which are leveraged hedges (inverse ETFs). We are almost half way through along the path to achieve a complete portfolio. The table below summarises the portfolio performance since inception and now includes the investment strategy for each position.

200619 RIP

If you don’t want to miss my alerts, please subscribe to Responsible Investor or follow me on Twitter. I also run an eToro portfolio which has 20+ positions and can be accessed via this link.

$BK $SYF $GILD $GRUB $SQQQ $SCO $PCG | Responsible Investor Portfolio Update, June 13th, 2020

Two weeks in, the Responsible Investor Portfolio is up 2.5% while the markets are only up 0.6%: that’s a +1.9% outperformance. As the RI Portfolio has stocks traded over multiple markets, the market performance is calculated as a weighted average.

This past week was particularly volatile and saw a sharp decline in the stock markets on Thursday 11th of June: that day the RI Portfolio was actually up, you can read the details in a previous post. This week’s outperformance is particularly significant as the markets were down 4.9% while our portfolio only lost 0.4% (+4.4.%).

We have made 3 trades this week: we sold CELL.MI for a 7.8% profit and bought $GRUB following rumours about a takeover from JustEat after Uber’s bid hit the wall. So far Grubhub is up 6.9%. The other trade is a hedge on oil.

The relevant currencies (USD, EUR and DKK) were neutral and therefore had no impact on the portfolio.

We now have 10 open positions, 2 of which we intend to keep on a short leash as they are leveraged hedges. There is still a long way to go to achieve a complete portfolio which requires several additional positions as well as a greater diversification across the various sectors.

200612 RIP

If you don’t want to miss my alerts, please subscribe to Responsible Investor or follow me on Twitter. I also run an eToro portfolio, which can be accessed via this link.

$GRUB $SCO $SQQQ : was your portfolio up on Thursday June 11th ?

The markets were way overbought and last Wednesday I decided to add a couple of hedges, namely $SCO (a double inverse ETF on oil) and $SQQQ (a triple inverse ETF on the Nasdaq). The relative weight of these positions meant that as the US markets tanked about 5% on Thursday the 11th of June, my Responsible Investor portfolio was up. Only a little, but green.

Photo 12-06-2020, 08.22.10

If on average over the mid to long term the markets go up, and you beat them, you should do well with your investments.

Enjoy the weekend !

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