- Total Portfolio value: € 3,745.64
- YTD development: +5.28%
- MoM development: +1.28% from € 3,698.28
- Current average fee: 0.25% p.a.
Hi and happy new year!
I hope that you had a good and joyful end to 2019, and a perfect start of 2020! Feels amazing, doesn’t it, with a new year and a new decade? For me, this marks the first 12-month anniversary of this blog and my All Seasons Portfolio, for which I took my first shaky steps in December 2018. And look where we are now!
My year is actually of to a rocky start (a case of food poisoning, leaving out all the details), but the year can only get better from there. I am slowly but surely growing the reader count of this blog, for which I am ever so grateful. And my portfolio is actually performing decently as well.
The end of 2019 felt quite uneventful, but that might only be that everything happens at once now in 2020 with the American assassination of Qasem Suleimani, the Iranian general (spoilers), but all in all, investors and markets were in a good mood in December.
However, leading indicators of economic growth show a lack of growth going forward and that companies’ profits aren’t really increasing at the same pace as their stock prices. I guess we will see more of the results of such tendencies during 2020. Good that we have prepared with a risk adjusted portfolio such as the All Seasons Portfolio.
For my holdings, and the key components of the portfolio strategy, both Gold and Commodities saw a good come back in December. My own Commodities ETF is actually back to show a profit, after I bought it right at the top in March.
And in case you missed it, I wrote a piece on why anyone would invest in bonds with negative interest rates back in December. Give it a read as well.
Portfolio Update – December 2019
So… What about December?
It was a pretty good month, even though I did not add any funds to the portfolio, as the order for buying TIPS didn’t go through the market until beginning of January. Anyway, my asset allocations are quite close to ideal, and I will soon be adding to the equity side next.
The total portfolio value is now up to € 3,745.64, which is up from € 3,698.28 by end of November. This gives me the following splits in euros:
Since inception, my All Seasons Portfolio is up 5.28%, with a bump last month after a brief decline in November. Commodities and Gold saw a great increase this month, together with equities, while other assets were more or less flat or slightly declining.
As for dividends, this portfolio is still not a money machine that will let me retire any time soon. € 4.64 was paid out during the month.
Last, but not least for this time, here is table of my current holdings in my portfolio as at year end 2019.
|Asset||Category||ISIN||November 30, 2019||December 31, 2019|
|iShares $ TIPS UCITS ETF USD (Acc) (EUR)||TIPS||IE00B1FZSC47||397.76 €||392.66 €|
|Vanguard EUR Corporate Bond UCITS ETF||Corporate Bonds||IE00BZ163G84||377.72 €||377.30 €|
|iShares € Govt Bond 3-5yr UCITS ETF EUR (Dist)||Govt Bond Mid||IE00B1FZS681||173.82 €||173.49 €|
|Invesco US Treasury Bond 3-7 Year UCITS ETF USD Dist (EUR)||Govt Bond Mid||IE00BF2FNQ44||265.02 €||259.49 €|
|iShares J.P. Morgan EM Local Govt Bond UCITS ETF USD (Dist) (EUR)||Govt Bond Long||IE00B5M4WH52||379.61 €||388.78 €|
|iShares $ Treasury Bond 7-10yr UCITS ETF USD (Dist) (EUR)||Govt Bond Long||IE00B1FZS798||370.60 €||362.02 €|
|iShares $ Treasury Bond 20+yr UCITS ETF USD (Dist) (EUR)||Govt Bond Long||IE00BSKRJZ44||282.61 €||267.86 €|
|Invesco Bloomberg Commodity UCITS ETF (EUR)||Commodities||IE00BD6FTQ80||321.74 €||344.88 €|
|Xtrackers Physical Gold ETC||Gold||GB00B5840F36||470.18 €||499.22 €|
|SPDR® MSCI Europe Small Cap Value Weighted UCITS ETF EUR Acc||Equity||IE00BSPLC298||182.10 €||191.75 €|
|SPDR® MSCI USA Small Cap Value Weighted UCITS ETF USD Acc||Equity||IE00BSPLC413||477.12 €||488.18 €|
|Total||3,698.28 €||3,745.64 €|
So this concludes my first year with the All Seasons Portfolio Strategy. I would call it a success with steady growth and I have been able to zone in on the right percentages between the assets.
And if you have a bulk of money to start your All Seasons Portfolio with, instead of just beginning with smaller amounts on a monthly, I believe 2020 will be a good year for you to follow this blog. I will be posting numbers for both Year to Date and since inception in 2019.
I will also follow up with a month by month summary of my 2019 in one blog post. That will be a simple format to get a clue of how my first year was like, and I will share what I have learnt along the way as well. I’m hoping to have that post up in a few weeks.
In the meantime, please feel free to let me know in the comments what you think, and don’t forget to subscribe to the newsletter for direct updates when new posts are uploaded. No spamming. You’ll find the form in the website footer.
That’s all I had to share for 2019, looking forward to having you with me in 2020 as well!