Newsletter end of September 2020

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 in September. This negative performance however was nearly offset by the good +1.44% option premium received due to still high volatility.

Your Rational Invest Team
Walter Baumann / Frank Grossmann / Thomas Ritter
Tel +41 44 515 48 00 / Email info@rational-invest.com