September has come to a close, marking yet another somewhat mixed month. Basically, it was another rollercoaster ride that ended on a “downward” note. Unfortunately, this has also caused the overall YTD performance to slip slightly into negative territory. But we still have a few months left to turn things around... 😉
Early last month, I also decided to make my portfolio a bit less risky and to restructure my entire asset allocation. My medium-term goal is to completely phase out fixed-term deposits, leave 50,000 euros in a money market account, and reallocate two-thirds of the portfolio to an All World ETF. I’ve at least made some (too) small progress in this direction...
Portfolio at a glance:
👉🏻 September:
Starting balance: 1,477,964 euros + 70 in cash
End: 1,444,708 euros + 600 in cash
Deposit: 48,500 euros
Loss: -81,226 euros (-5.50%)
As is the case every month, the performance of my portfolio currently depends largely on the performance of gold and silver mining stocks—and thus directly on the performance of commodity prices. Due to sharply rising bond yields, the price of oil, and expectations of rising interest rates, these stocks have once again come under pressure. However, my fundamental expectation of rising gold and silver prices in the long term due to the global debt crisis remains unchanged, so I don’t want to dwell on this point any further right now...
I think the progress on my portfolio restructuring is more interesting. Although I was able to add nearly 50,000 euros to the portfolio from a maturing time deposit, I’ve made only very limited progress on my medium-term plan. 🐌
Current progress toward goals:
👉🏻 Money market account -> 50,000 euros: 40 euros
👉🏻 All-World ETF -> 1,000,000 euros: 9,200 euros
So where did the money go? I invested just under 10,000 euros in $VWRL (+0,77 %) . I actually wanted to leave the rest in the money market account (which is currently paying 3% interest, after all). That worked out fine for two weeks, but then I had to jump back into individual stocks.
The main additions to my portfolio were Vonovia ($VNA (-0,24 %) ) and, to a lesser extent, McDonald’s ($MCD (+0,02 %) ) and Alibaba ($BABA (-1,52 %) ). And with that, the money was (unfortunately) gone again... 😅
I see a lot of potential in Vonovia in particular, especially if you’re willing to hold onto it for a while. Right now, of course, the political situation in Berlin is taking center stage, but I still have some residual faith in the German rule of law. In fact, an expropriation at market value would actually be a stroke of luck for Vonovia, and I firmly believe that if expropriation is allowed at all, it will happen at or around the current market value.
McDonald’s and Alibaba are more long-term investments and also my first positions in these stocks. It’ll all work out... 😉
So much for my mixed bag of a September! Let’s see how October plays out. With Nike ($NKE (-0,5 %) ) and Accenture ($ACN (-6,39 %) ), two of my holdings are reporting their quarterly results today. Let’s hope for a successful start to the month! 👍🏼
➡️🆓: On my way toward 4 million in total assets, I’m now 45.5% of the way there.
Here’s to successful stock market trades! 😊
