This author has yet to write their bio.Meanwhile lets just say that we are proud Frank Grossmann contributed a whooping 31 entries.
For the month of November 2020, the Enhanced Permanent Portfolio account added 3.07%.November was an incredible month for equity with performances of more than 10% for most developed markets. After the US elections, investors felt more secure and continued the rotation away from safe haven assets (Gold and Treasuries) into riskier equity. General market volatility […]
For the month of October 2020, the Enhanced Permanent Portfolio account lost -1.39%.October was a difficult month, with all major asset classes going down. The Stoxx600 dropped -5.2% and the S&P500 was down -2.5%. Unfortunately also our safe haven assets declined, with Gold declining -0.5% and Treasuries declining -3.4%. This decline of all major asset […]
For the month of September 2020, the Enhanced Permanent Portfolio account returned net -0.16% which however was still much better than equity performance. In September only Treasuries showed a +0.77% positive performance. Gold (-4.17%) and the S&P 500 (-3.74%) had negative performances. Altogether, the base Permanent Portfolio ETF based strategy had a -1.6% negative performance […]
For the month of August 2020, the Enhanced Permanent Portfolio account returned net -0.54%. Gains in Equity got overcompensated by weakness of the US Dollar, and increasing volatility in fixed income, equity, and gold derivatives. For the coming month, we are maintaining the allocation and implementation method. Your Rational Invest TeamWalter Baumann / Frank Grossmann […]
For the month of July 2020, the Enhanced Permanent Portfolio account returned net 2.49%. The strategy succeeded in compensating for the significant weakness of the US-dollar, which would have reduced the performance of dollar-denominated products in the month under review, by means of partial hedges. The S&P 500 volatilities are still high at “25”. This […]
For the month of June 2020, the Enhanced Permanent Portfolio account returned net -0.73%. The reason for the slightly negative June performance was the massive near 5% rise in the value of the euro against the dollar. We mitigate the currency risk of the portfolio (instruments in dollars) to a certain extent, but not completely. […]
For the month of May 2020, the Enhanced Permanent Portfolio account returned net 2.57%. The Enhanced Permanent Portfolio is still heavily hedged with Treasuries and Gold to achieve the volatility target of 5% due to the negative correlation characteristics of these so-called “Safe Haven” assets. The QuantTrader software continues to recommend an underweight of equities […]
For the month of April 2020, the Enhanced Permanent Portfolio account returned net 6%.Throughout April, we maintained our basic strategy, keeping the equity component very low. Earnings are a result of the reduction in volatility (after the peak during the crash). The optimum allocation calculated by QuantTrader remains cautious in May, investing primarily in Gold […]
For the month of March 2020, the Enhanced Permanent Portfolio account returned net 4.06%. During the reporting period, we experienced the biggest market crash since 2008, with all equity markets plunging by around -30%. Unlike previous crises, so-called “safe haven” products Treasury and Gold also sold off massively over the period. Volatility exploded across all […]
For the month of February 2020, the Enhanced Permanent Portfolio account returned net 0.87% February was an exceptionally bad month for all stock markets worldwide. In the last trading week alone, all stock exchanges lost around 12% of their value. The potential economic implications of the coronavirus are causing worldwide uncertainty, if not to say […]