Thursday, August 24, 2017

Festina Lente - Make Haste Slowly (Almost a year down the road)

I had written about my pivot to a ETF based exposure to a global financial portfolio almost a year ago. A link to the old post is here below.

Here is an update on the performance and holding period.

ETF % Portfolio Target Weight Annualized Return Holding Period (Years)
Lyxor Europe 10US$ (JC5) 2.70% 19.00% 6.44% 2.30
STI ETF (ES3) 3.39% 1.00% 5.84% 2.40
Lyxor H.S.I ETF (A9B) 2.44% 2.00% 12.29% 2.03
DBXT MSJAP US$ (LF2) 2.05% 7.00% 10.31% 0.80
SPDR DJIA10 US$ ETF (D07) 4.82% 12% 13% 1.25
DBXT ASX200 US$ 10 (LF1) 4.58% 2.00% 10.48% 0.82
Lyxor Nasdaq US$ (H1Q) 4.21% 11% 18% 0.58
SPDR S&P500 US$ ETF (S27) 9.00% 12% 9% 1.33
DBXT CSI300 ETF (KT4) 6.00% 7.00% -2.40% 1.21
CIMB S&P Ethical Asia Pac Opportunities ETF (P5P) 7.65% 4.00% 20.83% 0.89
iShares Barclays USD Asia High Yield Bond Index ETF (O9P) 14.42% 20.00% 1.39% 0.65
CIMB Asean 40 ETF (M62) 6.85% 3.00% 7.23% 1.09

The weights are nowhere close to where I want them to be.
Unfortunately, markets don't co-operate in that sense.

I am close to bumping against the limit for the China ETF.

In terms of opportunities, right now, I do not see any ETF investment opportunity, as in the last 3 months or so, none of the ETFs have gone down.

This is because I am trying to follow

1) Add to an ETF which is under-performing.
2) Ignore the performing ETF
3) Use Investment addition to re-balance the portfolio weight rather than through active sales, i.e. avoid trying to time the in and out as all I want is global exposure to a set weight

I think it was Charlie Munger, who said, we are paid to sit tight and wait, so, that is what I am doing.

I must admit though, while the results are satisfying, the process is about as exciting as watching paint dry, which I guess is the objective i.e. make it boring, so that you do not take action !

Disclaimer :- 

I am not an investment professional.

I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.

Nothing written here is an invitation to buy or sell any particular stock.

At most, I am handing out an educated guess as to what the markets may do.

The market will always find a new way to make a fool out of me (and maybe, even you!).

Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.

I am not immune to that, so please understand that any past success of mine will probably be followed by failures


  1. we are providing highly accurate & profitable trading tips with profit assurance . Get Equity Tips here !!!
    sebi registered advisory company

  2. Excellent Post...I must thank you for this informative news....
    This is my first time go to see at here and i am really pleassant to read
    all at one place
    Packers And Movers Mumbai

  3. M&M to make an additional investment of over Rs500cr for electric vehicles and electric components at its Chakan plant, Maharashtra.
    Stock Advisory Company

  4. I enjoyed reading it.I like the quality of your blog. We offer latest updates for Singapore Stock Market, Those who wants to be up to date stock recommendation singapore. You can follow our blog for the best results in stock picks Singapore.

  5. Packers and Movers Chennai Give Safe and Reliable ***Household Shifting Services in Chennai with Reasonable ###Packers and Movers Price Quotation. We Provide Household Shifting, Office Relocation, ✔✔✔Local and Domestic Transportation Services, Affordable and Reliable Shifting Service Charges @
    Packers And Movers in Chennai

  6. If you are looking for Stock Market Trading then this information is very important for you.
    Here you come to know about all the stretegies for Stock Trading.
    Click here:- Free Stock Tips

  7. wow, great, I was wondering how to cure acne naturally. and found your site by google, learned a lot, now i’m a bit clear. I’ve bookmark your site and also add rss. keep us updated. Classic Watch