SimonMarkFriis @SimonMarkFriis: "💲💲💲💲 ALWAYS STICK TO THE..."

Denmark

💲💲💲💲 ALWAYS STICK TO THE STRATEGY 💲💲💲💲 September update Dear copiers and followers, September was another difficult month, both for us and the market. We ended up beating all 3 major indexes and Russel 2000. We ended the month with a small loss of 1,82%. When we compare our return for September to the major US indexes we did better than the market: NASDAQ: -5,07%, SP500 -4,87%, DJI -3,5% and Russel 2000 -6,03%. The primary benchmark is the S&P500 and Russel 2000 the secondary as we have a lot of smaller stocks in our portfolio. With that in mind, we did well as we beat SP500 by 3,05%. When we compare the YTD numbers are during well compared to 3 of the 4, with NASDAQ still way ahead of us: NASDAQ: 34,51%, SP500 11,68%, DJI 1,09% and Russel 1,35%. At the same time we are at 16,61%. While we are still way ahead of DOW and Russel, we are now about 5% better than the S&P and way behind NASDAQ – lagging it about 18%. We do not buy fast growing tech stocks, as the strategy is based on value investing – buying good value at great prices. Therefore, when the NASDAQ has it’s best 1st half of the year ever, it is natural that we are behind the NASDAQ. However, with the huge loss in NASDAQ last year, we are clearly ahead as we are pretty close to all time high and NASDAQ still has some work to do to reach that. Making steady profits is one of the characteristics of a good value strategy. There will be years with losses, but they should be smaller than for the expensive growth stocks. As many of tech stocks that have carried the market, can also be found in the SP500, the growth in the SP500 comes primarily from these few tech stocks, and the rest of the market is falling behind. Look at the chart below, and you will see that without the tech stocks, SP500 would by September 20th only have increased 6% this year, instead of the 15% at that time. With that in mind, we can be very happy that we are now ahead of the SP500. Our strategy has performed very well in a difficult time as the last 1½ has been. What do you think? Are we in another tech bobble or is it sustainable? September: SP500: -4,87% DOW Jones: -3,5% NASDAQ: -5,07% Russel 2000: -6,03% SimonMarkFriis: -1,82% YTD: SP500: 11,68% DOW Jones: 1,09% NASDAQ: 34,51% Russel 2000: 1,35% SimonMarkFriis: 16,61% These are exciting times, but we stick to our strategy and only makes up to 4 trades per month: 2 sell and 2 buy (unless we keep something for another year). We keep focusing on undervalued stocks and keep sleeping well at night whatever the market throws at us. God bless Simon $SPX500 $DJ30 $NSDQ100 $RTY $PLAY (Dave & Busters Entertainment Inc) $ENI.MI (Eni Energy Company) $PBR (Petroleo Brasileiro SA Petrobras-ADR) $MRO (Marathon Oil Corp) $SIX $SPG (Simon Property Group Inc) $VNA.DE (Vonovia SE) $DVN (Devon Energy Corp) $TSN (Tyson Foods Inc) $UONE (Urban One Inc) $TX (Ternium SA-ADR) $STLD (Steel Dynamics Inc) $RITM (New Residential Investment Corp) $SCHW (Charles Schwab Corp) $BABA (Alibaba-ADR) $ET (Energy Transfer LP) $MMM (3M) $HPQ (Hewlett Packard) $MOS (Mosaic Co) $PAG (Penske Automotive Group Inc) $RDN (Radian Group Inc) $RYAAY (Ryanair Holdings plc-ADR) $TEVA (Teva Pharmaceutical Industries ADR)