Sunday, October 10, 2010

Moominvalley September 2010 Report

As usual, not all the final numbers are in but this is roughly what the accounts for September look like. Also, as usual, everything is in US Dollars unless stated otherwise:

Expenditure was pretty close to normal this month despite us being in Europe for the whole month. This was because either our hotel bill was being paid for us (in Sweden) or we were staying with family. "Other Income" is unusually high as Snork Maiden got 3 salary payments this month. Investment returns were high with about half the return in USD terms coming from the rise in the Australian Dollar towards a post-float record high (the Aussie was floated in the 1980s). USD returns were 11.65% vs. 9.60% for the MSCI World Index and 8.92% for the S&P 500 total return index. In Australian Dollar terms we had a 3.19% gain and in currency neutral terms 5.34%. The biggest gains in absolute terms were in Australian large cap stocks that represent now 52% of our gross asset exposure (yeah, way, way above target). Most other asset classes fell as shares of the portfolio but every class had positive returns. The highest percentage gains were in Australian small cap and US stocks. Net worth rose almost $50k to $440k though of course the rise in Aussie terms was "just" $A18k to $A457k.

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