November monthly update GTAA
The exit in Nasdaq100 was extremely unfavorable at the low at the turn of the month and the subsequent run. That was bad luck, but you have to live with such statistical fluctuations if you invest based on rules.
Nevertheless, the month of November was quite okay overall with gold (EUR hedged) and short JPY/USD (+0.3%).
Let's continue with the allocation for December:
50% Emerging Markets Smallcaps (14k)
33% Nasdaq 100 (9.3k)
17% Bitcoin/ $MSTR (-4.38%) (4,7k)
Due to the high trading costs for BTC on Traderepublic (2% spread = approx. 100€!) I switched to MicroStrategy, whose market capitalization is 80% covered by BTC and whose price performance correlates to 0.9 with BTC (0.5% spread = approx. 25€).
What do you think of this measure? What opportunities do you see to trade BTC cheaply on TR instead?
And what do you think about the December allocation? Do you also see a year-end rally, especially in the emerging markets?
