We rebalance at 6 month intervals now, as we are still in the accumulation phase, so we never have too much cash laying aroundd.
And as it will take some days to move the money around we started today.
It's been a good 6 months. The portfolio is up 6 percent since the beginning of the year, so slightly above expectations, perhaps driven by some inflation also in SEK. Let's remember that any real return will need to have the inflation deducted at the end of the year.
Swedish small cap and investment companies are up 20+. US stock market is not quite as impressive with + 13 percent from a SEK vantage point.
Gold is right plus minus zero in SEK.
Long term bonds are down much, around 20 down.
And as usual we bet on every future climate. Except that we don't bet. We behave more like robots.
So most of our money will go into long term bonds and gold. Feels strange to buy into a losing asset. But that's part of our strategy.
That is what it is to have a contrarian strategy and not follow the herd.
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