Investing to become financially independent
Investing to become financially independent
Our portfolio's performance improved significantly relative to the SMI, with the spread narrowing to -2.21% from -1.71%, boosted in particular by ADP's excellent performance on the Nasdaq. Controlled volatility and an improved Sharpe ratio testify to optimized risk management, despite the negative impact of dollar fluctuations.
Despite the recent market downturn, our portfolio has maintained a relatively stable performance thanks to its defensive positions and the favorable evolution of the dollar. Volatility remains under control at 12.32% versus 17.57% for the SMI, while McDonald's continues to outperform the S&P 500 despite increased volatility.
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