ingruc @ingruc: "𝘼𝙪𝙜𝙪𝙨𝙩 𝟮𝟬𝟮𝟰 – 𝙈𝙤𝙣𝙩𝙝𝙡𝙮 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 Hi..."

Sweden

𝘼𝙪𝙜𝙪𝙨𝙩 𝟮𝟬𝟮𝟰 – 𝙈𝙤𝙣𝙩𝙝𝙡𝙮 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 Hi copiers and followers, Wild month for markets, but with a good finish all things considered. 👉 Portfolio finishes August almost unchanged with -0.17% . The $SPX500 even managed to produce a gain of +3.5% . The month started off with a sharp drop in stock prices due to sudden fears of a US recession, and the unravelling of the Yen-carry trade, triggered by the Bank of Japan raising interest rates. However, markets quickly shook off those fears. The recovery was remarkable; especially US Tech stocks continued to drive markets higher. 👉 Main positive drivers in the portfolio were two telecommunications companies, $VOD (Vodafone Group plc-ADR) and $T (AT&T Inc) , lifting the portfolio by +0.8% and +0.3% respectively. I am encouraged by the recent uptrend in those two stocks, and continue to see upside potential in these positions, both from attractive regular dividends and stock price appreciation. 👉 Main negative drivers this month have been $SHEL.L (Shell PLC) and $SDF.DE (K+S Aktiengesellschaft) , impacting portfolio performance by -0.4% and -0.5%. Lower $OIL prices (Shell) and a continued weak outlook for potash/fertilizer (K&S AG) sent those stocks down. However, Shell is still churning out cash, and K&S AG trades at a fraction of the book value of its assets. I continue to see potential for performance from both stocks. 👉 September tends to be volatile for markets. This year will probably be no exception; especially with the ECB and Fed meetings taking place. But as the episode in early August showed: It’s often best to look through short-term volatility, and focus on the long-term instead. All the best Ingvar *𝙉𝙤𝙩𝙚: From now on I am including the STOXX600 in my benchmark. This is an index of the largest European companies, and should offer a useful comparison given the portfolio's significant exposure to European stocks.

6 Mentioned Show all

SPX500

VOD

Vodafone Group plc-ADR

AT&T Inc

SHEL.L

Shell PLC

SDF.DE

K+S Aktiengesellschaft

OIL