The bond position goes from invested to cash. No change for the rest.
| Monthly Asset Allocation | ETF | Target | Position |
| Swiss government bonds CH 7-15 years | CSBGC0 | 10% | Cash |
| Gold | AUCHAH | 5% | Permanently invested (ETF) |
| Swiss real estate | SRFCHA | 15% | Permanently invested (Equities or ETFs) |
| Developed country equities (50% dom. / 50% int.) | CHSPI / SWDA | 65% | Invested (Equities or ETFs) |
| Emerging countries equities | IEMS | 5% | Investment (ETF) |
| TOTAL CASH | 10% |
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Thank you for this update, which reflects a well-thought-out portfolio.
I take this opportunity to post here the link to an article by Ms. Myret Zaki in the economic magazine Bilan:
http://www.bilan.ch/myret-zaki/redaction-bilan/leconomie-coca-zero
I find this opinion relevant. For me, it reinforces among other things the idea of the need, when investing in the stock market, to buy not just a stock, but a real company, with all that this implies in terms of detailed analysis of it. The purchasing process should not be based solely (or not at all) on graphs, moving averages, algorithms, and other crystal balls and tools used by stock market professionals, but rather on an analysis of the accounts, balance sheets, business model, the environment in which the company and its market operate, prospects, etc. You have to be down to earth; the word could be "concrete".
Yes, this is also, and above all, W. Buffett's opinion. The prices of listed companies mean nothing as such. We should react as entrepreneurs, look at the balance sheets of companies. This is what makes the difference between technical analysis and fundamental analysis. If we stay focused on the intrinsic value of the company, we are less disturbed by the erratic behavior of the market. As Graham said, "In the short term the market is a voting machine; in the long term it is a weighing machine." This is probably one of the greatest truths ever stated in investment.
The world stock markets are starting to get agitated! February is likely to be disrupted, I can't wait to see if there will actually be a change in trend! Finally some potential bargains on the horizon?
It is quite possible. We have been waiting for this for so long... We were waiting for a trigger, but in the end it will probably still be the rates that bring the markets back to reason.
On the one hand, it hurts to see certain stocks in the red, on the other hand, we tell ourselves that there may soon be new, more accessible, quality titles.
It is true that the stock market is not enjoying this rate hike, but the advantage is that dividends are increasing again as prices fall. Some stocks that were too expensive for a long time are slowly starting to become interesting again.
The New York Stock Exchange just lost the most points in its history in one session! This is exciting! haha
And it continues in Asia and let's bring the old continent...
All this was to be expected...
It's the sales! Still the same merchandise, but 10% cheaper… 😉
And still too expensive!