$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.

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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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$SYF $BK $PCG $SQQQ … Responsible Investor Portfolio Update, June 6th 2020

I started a new portfolio on May 25th, it is up 5,3% since then. That’s in 10 trading days, actually less considering public holidays over this period.

I have sent out 8 buy alerts so far, the intention is to have 30-40 open positions when fully invested. It mightn’t be until a few weeks that we will have a complete and balanced portfolio. At the moment the positions are too few for it to be sufficiently resilient and diversified. Overall it has 7 long positions (13%), 1 hedge position (2%) and 85% in cash.

I expect the positions to be centered around the American and European stock markets. In Europe the focus will be on Denmark, Italy, France and Germany as I follow them more regularly and understand their markets better.

With the passage of time, I will send sell alerts too, and might send accumulate/reduce alerts.

Here are all the positions, the performance for each one (dividends excluded) and the overall performance of the portfolio.

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