⚠️PORTFOLIO PERFORMANCE REVIEW (As of October 31, 2024)
Assessment of my long-term investment portfolio
Remember that all information provided here is for educational and entertaining purposes and is not investment advice. By investing in the financial markets I risk my own money. Past performance is no guarantee of future results.
Below you will find a quick review of my long-term investment portfolio performance as of October 31, 2024.
As you you know, I made some changes to my holdings on July 11 and have bought more defensive assets given what has been happening lately with the market sentiment and the US economy, especially the labor market. Full portfolio composition is available for Founding Members.
In general, the switch to a defensive mode has paid off thus far. As a result, my long-term investment portfolio is up 26.81% year-to-date, beating the S&P 500 gain of 19.62%. This is also almost twice above the performance of the MSCI World Index representing global stocks (though they are mostly driven by the US) and 4 times more than European stocks.
Notably, the portfolio before the July’s changes still beat all aforementioned indexes, though, by a smaller margin. It is not easy to beat markets during times when almost everything is going up. Still made it thanks to some slightly riskier exposure back then.
Lastly, the performance after July’s changes. It has been 4 months and the portfolio has returned 5.33% whereas the S&P 500 and global stocks rose 2.17% and 0.56%, respectively. Euro Stoxx 50 index declined 3.05% at the same time. Results speak for themselves.
Still a lot can happen until the year's end. Given the ongoing market euphoria I still do not expect any major changes to the portfolio yet. Let’s see how November plays out after Donald Trump’s US Presidential Election victory.
I hope you find it useful and enjoyable at the same time. Thank you.
Global Markets Investor
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