The stock market continued to rise, though at a slower pace. Things gradually edged towards normality here in this part of Australia. Our spending bounced back to near pre-crisis levels at AUD 10.2k for the month. About AUD3k of that were dental costs for Moomin. Hopefully, all fixed up now.
The Australian Dollar rose from USD 0.6647 to 0.6884. The MSCI World Index rose 3.24%, the S&P 500 1.99%, and the ASX 200 2.66%. All these are total returns including dividends. We lost 0.65% in Australian Dollar terms and gained 2.91% in US Dollar terms. The target portfolio is expected to have gained 0.59% in Australian Dollar terms and the HFRI hedge fund index 1.26% in US Dollar terms. So, we came close to the MSCI return and outperformed HFRI but underperformed the Australian Dolar benchmarks. Despite my attempts to diversify, returns during this crisis have closely matched the MSCI World Index:
Here is a report on the performance of investments by asset class:
Things that worked well this month:
On a regular basis, we invest AUD 2k monthly in a set of managed funds, and there are also
retirement contributions. Other moves this month:
The Australian Dollar rose from USD 0.6647 to 0.6884. The MSCI World Index rose 3.24%, the S&P 500 1.99%, and the ASX 200 2.66%. All these are total returns including dividends. We lost 0.65% in Australian Dollar terms and gained 2.91% in US Dollar terms. The target portfolio is expected to have gained 0.59% in Australian Dollar terms and the HFRI hedge fund index 1.26% in US Dollar terms. So, we came close to the MSCI return and outperformed HFRI but underperformed the Australian Dolar benchmarks. Despite my attempts to diversify, returns during this crisis have closely matched the MSCI World Index:
Here is a report on the performance of investments by asset class:
The returns reported here are in currency neutral terms. Gold and rest of the world stocks performed best and private equity worst. Gold contributed most to the total return.
Things that worked well this month:
- Regal Funds gained AUD 17k. We are now back in the black on this investment.
- Gold gained AUD 12k.
- Tribeca Global Resources lost AUD 20k, though it's still above the March low...
- Pengana Private Equity lost AUD 10k. It was at an unsustainable high level and then a rights issue at a much lower level was announced. So, this is actually OK I think.
- I sold USD 5k of Tupperware bonds. I probably acted too quickly on that one.
- I bought 12,000 shares of Tribeca Global Resources. Probably a mistake too.
- I bought AUD 35k of Australian Dollars.
- I sold 20,000 shares of Pengana Private Equity (PE1.AX) and then bought back 40,000 shares at lower prices. I also subscribed to the rights issue.
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