Well, it's been quite a month for the markets and I hope that those of you who were unfamiliar with financial markets have learned something here. This open thread is a chance to share your thoughts, experiences, suggestions, or whatever else you feel like.
I'll confess that May was pretty brutal to the old portfolio. My speculative positions dropped about 13%. My core positions were down around 5%. My meso-portfolio and exploratory portfolios were down around 7%.
ReplyDeleteOn the whole, most of it held up surprisingly well all things considered.
It turns out that I am in water too shallow to divide my holdings such. Considering how much I spent buying in, I'm at virtually the same place I started.
ReplyDeleteI should take this opportunity to renew my commitment to this dialogue. BQ, you've been pulling a lot of weight here and I feel as though I'm only just learning how to speak this language. Still, just because what I say or ask could be silly or have a pretty easy answer does not mean I should not still post it (thanks, 3rd grade lesson).
Now that we're really getting rolling here, though, I will have a new proposal for Finance Monitor in the near future. I've some more information gathering to perform, but I think I've an intriguing concept for our consideration. Stay tuned.
I look forward to your suggestions. I always look forward to a nice, open discussion of what can be added in the future.
ReplyDeleteBy the way, being where you started compared to the market since then is not all that bad, actually. I think you bought in just before the mid-January through early February sell-off and the market is down about 4% since then, maybe a little more. Incidentally, given that MICC is denominated in Euros, I would have expected it to get hit a lot worse than it has. This may be a promising sign going forward.