Entries by Frank Grossmann

Newsletter end of August 2022

The month of August, was a realy bad month. The Enhanced Permanent Portfolio reference lost -2.5%, while all other assets from Equity, Treasuries, Gold, Silver, Copper, Crude oil have been negative. between -6% to -20% there was simply no place to hide other than cash. Your Rational Invest TeamWalter Baumann / Frank Grossmann / Thomas […]

Newsletter end of May 2022

The month of May, was a very volatile month. The Enhanced Permanent Portfolio reference added 2.68%, while the World market (ACWI) was up 0.45% and the US S&P500 (SPY) up by 0.23%. Europe (VGK) added 2.41% however 2% of this performance was due to the strong Euro. Draw-downs of the Enhanced Permanent Portfolio have been […]

Newsletter end of April 2022

The month of April, was a particularly bad month. The Enhanced Permanent Portfolio reference account lost -4%, while the ACWI world market was down -8.07% and the US S&P500 down by -8.8%. There was simply no place to hide because all asset classes dropped. Treasuries by -9.6%, Gold by -2%, Silver by -8%, Copper by […]

Newsletter end of March 2022

During the month of March, world markets recovered from the February losses. The Enhanced Permanent Portfolio reference account posted a +0.3% gain, while the ACWI was up by +3.16% and Europe up by +0.47%. The Portfolio had a maximum drawdown of only -0.93% in March compared to -6% for ACWI and -8% for the Stoxx600 […]

Newsletter end of February 2022

During the month of February, world markets posted again losses due to Putins invasion of the Ukraine. The Enhanced Permanent Portfolio reference account however posted a small +0.22% gain, while the S&P500 lost -3.0%, ACWI lost -3.1% and Europe -3.4%. Defensive Treasuries were down -1.6%, Gold up +6.1% and Crude oil up +9.1%. Beginning of […]

Newsletter end of January 2022

The year 2022 started with a major market correction. The Enhanced Permanent Portfolio reference account lost -3.84% while the S&P500 lost -5.82%, ACWI lost -5.05% and Europe -4.31%. Defensive Treasuries were down -3.91%, Gold down -1.68% and the Bitcoin was down -16.4%. At the moment we have a unusual strong positive correlation over all asset […]

Newsletter end of December 2021

The month of December 2021 closed with a huge year-end rally. Altogether, the Enhanced Permanent Portfolio reference account added +3.77% while the ACWI added +3.12% and Europe +5.12%. Defensive Treasuries were down by -2.01% and Gold up +3.3%. The Bitcoins was down by -18% but because we installed this small position by writing one month […]

Newsletter end of November 2021

The month of November 2021 closed on a down note with high volatility because of the new Omicron Covid variant. Altogether, the Enhanced Permanent Portfolio reference account lost -0.38% while the ACWI lost -2.31% and Europe lost -2.64%. Defensive Treasuries were up +2.77% and Gold down -0.69%. As a complement to our small Gold position, […]

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 […]