There'll be an annual report coming up soon with lots of charts, but for now, let's look at December. As usual everything is in US Dollars unless otherwise stated. December again saw moderate gains in world stock markets while the US Dollar strengthened for a change. The MSCI World Index gained 2.10%. The Australian Dollar fell from USD 0.9157 to USD 0.8977. We gained 2.38% in USD terms (AUD: 4.43%; Currency neutral: 4.08%). Our retirement accounts hit a new high at AUD 250,578 (USD 224,944). The previous high was in May 2008. The gain is due to both a lot of contributions and the rebound in the financial markets since February this year. Other investments reaching new highs in terms of profits we have made are:
TFS Market Neutral Fund, Unisuper, CFS Diversified Fund, Platinum Capital, Generation Global Sustainability Fund, and PSS(AP) Super Fund (Snork Maiden's retirement fund).
Our spending was the second lowest since we moved to Australia at AUD 3,486 (USD 3,130):
Retirement contributions were higher than normal due to receiving the
government's co-contribution this month and retirement accounts gained twice as much as non-retirement accounts.
Net worth reached USD 418k (AUD 466k) an increase of $15k. Asset allocation changed relatively little on last month with a move away from our target due to gains in Australian large cap stocks, which constitute more than half the portfolio:
Other stocks also performed well. The following is estimated performances for this month (net of forex movements) by asset class:
Preliminary numbers for commodities show a 5% fall in December. Estimated alpha against the MSCI index was 6.6% and beta 1.22.
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