Our portfolio is not celebrating this week. We are indeed falling to -4.37%, while the SMI has moved into the positive zone, at 0.19%. Two reasons can explain this drop. First of all, the portfolio's securities are not very volatile and not very correlated with the market (beta less than 1). This means that When sentiment is bullish, buyers flock to riskier stocks au détriment de valeurs moins sexy, telles que Wal-Mart, qui a perdu du terrain la semaine dernière.
Rappelons que ces allers et venues, ces sentiments d'euphorie et de panique, n'ont pas de place ici. Nous investissons sur le long terme et n'avons pas la prétention d'être meilleurs que le marché. Nous recherchons seulement un revenu solide via les growing dividends versés par les sociétés sélectionnées dans notre portfolio.
The second factor that weighed on our portfolio is of course the dollar, despite our selection of international companies. Or perhaps we should rather talk about the strength of the CHF which plays its role as a safe haven currency, also with regard to the fall of the euro. For this reason, it is important to diversify currencies and types of investments made. We also note that if we take the euro as the reference currency, our figures are good, with a return of 8.73% and a Sharpe ratio of 0.62%.
Merry Christmas and happy shopping,
chrome
Discover more from dividendes
Subscribe to get the latest posts sent to your email.