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Saturday, March 14, 2020

The Tide Wash Over


At the end of what is likely the most horrible week in recent history, most portfolios, especially those who have no exposure to US equities, had bled. Mine was no exception.

A list of index returns, as retrieved from https://countryeconomy.com/stock-exchange,
reveals that:
1)
S&P lost a mere 8.7% this week.
Dax lost 20%,
CAC (Paris) 19.86%,
ASE 19.39%,
FTSE 16.97
Nikkei, 16%

2) STI lost "only" 11.04% this week, culminating to a YTD loss of 18.27%

3) Year to Date, ASE lost an astonishing 39%.
------------

My little portfolio has a YTD loss of -11.84%.

Stocks in the portfolio with >20% losses, inclusive of dividends:
1) TTJ (-32.3%)
2) Colex (-25.57%)
3) Xinghua Port Holdings (-25.51%)
4) OKP (-23.68%)
5) SUTL (-19.99%)

Included in the list should be LHT, which the owner decided to purchase some stock, lifting the price by an insane 24.73% intraday. Without it, LHT should stand at close to -20% as well.

So I have only 10 stocks, and 6 of them are down 20%. I don't think nothing can test one's behavior better than the current climate.

There are no more bonds to buffer the decline as they are fully redeemed. I am pretty sure there are some deals to be had.

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