Paul Mitchell @Retrosupply: "Portfolio update. I have now completed..."

United Kingdom

Portfolio update. I have now completed the slight reordering of how I am going to approach drawdown risk going forward. The managed futures positions $CTA (Simplify Managed Futures Strategy ETF) and $DBMF (iM Global Partner Fund) are now over 20% of portfolio combined. The performance already of these has been very encouraging, as the entry point has been perfect to capture strong trends in oil and stocks they were clearly covering. [As a very quick and crude explanation. These ETFs perform a little like hedge funds, one looks at stocks, the other looks at mainly commodities, so they will compliment each other. They work by latching onto strong momentum trends, either up or down, and so will perform as a good hedge if stocks trend down, as well as capture recent trends in high oil etc. These are relatively new instruments for retail investors and will not perform in all markets (things have to be moving in one direction or another more than is expected). Right now with current volatility I feel they are very useful.] I have also increased cash holding to around 10% of portfolio, this I want to keep also at the moment. This year started strongly but having a drawdown from my peak larger than the overall market was really not what I expected or wanted. This is why these changes should result in better risk management going forwards. Recovering and being essentially flat performance for this year is not the worst outcome, but I want to be clear, I am unsatisfied with this performance and have taken steps to address. As always, these are my own opinions and should not be taken as investment advice. Thanks again to my copiers for your support and patience! Paul

Not investment advice. The author may have financial interests in the mentioned instruments.

2 Mentioned

CTA

Simplify Managed Futures Strategy ETF

DBMF

iM Global Partner Fund

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