October marks the end of one of the most turbulent months for my portfolio. My portfolio reached a new ATH and I had the highest absolute daily gain (approx. 50,000 euros) and the highest daily loss (also approx. 50,000 euros) within a few days.
Start: 1,116,452 euros
End: 1,152,698 euros
Deposit: 26,034 euros
Profit: + 10,212 euros (+0.89%)
Anyone who has ever looked at my portfolio will know that I am significantly overweighted in gold, or more precisely in gold mines. This quickly explains the reason for the volatility. 🎢
In the shadow of the gold price, mines have of course also risen disproportionately. With the slump in the gold price by 10% in places in just a few days, the good performance of the mines also came to an end. Some of the junior mines recorded price falls of over 50% in just one week (fortunately not mine).
While gold $4GLD (+1,62%) still rose by +3.8% in October, the October performance of K92 Mining (my largest position) was $KNT (+4,6%) (my largest position) was +5.5% and Equinox Gold $EQX (+7,17%) was +0.8%. I assume that gold will continue to perform well, as none of the problems (geopolitical tensions, inflation, etc.) have been solved. For this reason, I have also taken another small position $SCZ (+4,16%) (SantaCruz Silver Mining) in the portfolio. The crash offered a very good opportunity! 📈
Novo-Nordirsk performed less well this month $NOVO B (-4,79%) with -15% and PayPal $PYPL (-0,06%) with +3.9%. PayPal is particularly disappointing here, as the quarterly figures were excellent. This sent the share up almost 18% intraday. Unfortunately, it was subsequently sold off completely. But this confirms my belief that you just have to be patient with PayPal. The day of truth for Novo-Nordirsk will come next week... 📉
Otherwise, I received around 700 euros in dividends this month and realized around 3,000 euros in gains on Mercedes and Alibaba, among others. 💵
➡️🆓: On my way towards 4 million total assets, the target achievement rate is now 39.9%. 😊
Let's see how November turns out. As always, it remains exciting!
