Entries by Frank Grossmann

Newsletter end of October 2021

The month of October 2021 was an extremely good month for world stock markets. A surprise was also the good performance of our defensive hedging assets Treasuries and Gold. All together, the Enhanced Permanent Portfolio reference account added +4.6% while the ACWI was up +5.4% and Europe up +4.55%. Defensive Treasuries were up +2.47% and […]

Newsletter end of September 2021

For the month of September 2021, the Enhanced Permanent Portfolio reference account lost-2.28% while the S&P500 was down -4.7%, ACWI was down -4.23% and Europe down -3.41%. Unfortunately, also our defensive hedging assets lost -2.91% for Treasuries and -3.22% for Gold. The only relieve came from good option premium income, which contributed with about+2% within […]

Newsletter end of August 2021

For the month of August 2021, the Enhanced Permanent Portfolio strategy-account added +2.58% while the 100% equity ACWI index (All Country World Index) was up by +2.17% and Europe (Euro Stoxx 600 index) added +1.98%. Treasuries lost -0.4% and Gold -0.1% Your Rational Invest TeamWalter Baumann / Frank Grossmann / Thomas RitterTel +41 79 306 […]

Newsletter end of July 2021

For the month of July 2021, the Enhanced Permanent Portfolio strategy-account added +3.4% while the 100% equity ACWI index (All Country World Index) was up by 0.9%. Europe added 1.97%.As it can be seen in the below monthly chart, the EPP (blue line) only had about half the volatility than major equity indexes, because of […]

Newsletter end of June 2021

For the month of June 2021, the Enhanced Permanent Portfolio strategy-account added +0.84% while the 100% equity ACWI index (All Country World Index) was up by 1.26%. While Equity and Treasuries performed well, Gold was down -6%. Volatilities came down to low pre-covid levels indicating that investors don’t see any immediate market risks during this […]

Newsletter end of May 2021

For the month of May 2021, the Enhanced Permanent Portfolio strategy-account added +1.74% which was better than the 100% equity ACWI index (All Country World Index) which was only up by 1.47%. The significant difference however was the much lower volatility of the EPP strategy with a max drawdown of 1.34% versus 3.83% for the […]

Newsletter end of April 2021

For the month of April 2021, the Enhanced Permanent Portfolio strategy-account added +2.48%.In April, Gold (+3.5%) and Treasuries (+2.5%) finally stopped their huge decline they had since last summer. Equity had a good month with the S&P500 up +5%. Your Rational Invest TeamWalter Baumann / Frank Grossmann / Thomas RitterTel +41 79 306 11 60 […]

Newsletter end of March 2021

For the month of March 2021, the Enhanced Permanent Portfolio strategy-account lost -0.61%.In March, Gold (-1.15%) and Treasuries (-5.25%) continued to decline. Equity had a very good month with the S&P500 up +4.5%. Year to date Treasuries are now down by -13.9% and Gold down -10.35% while the S&P500 is up +6.35%.It is important to […]

Newsletter end of February 2021

For the month of February 2021, the Enhanced Permanent Portfolio strategy-account lost -1.17%.February, Gold and Treasuries continued to decline, and both are now down by about 10% since beginning of the year. The good equity and premium returns could not fully compensate this draw down. Gold and Treasuries are now both down about 20% since […]

Newsletter end of January 2021

For the month of January 2021, the Enhanced Permanent Portfolio account lost -1.8%.January was a difficult month with all three asset classes declining. Treasuries declined -3.49%, Gold -2.86 and Equity (S&P500) -0.8%. This translated in a loss of 2.4% for the underlying strategy. Option premium income added a positive +0.6% to that loss so that […]