Portfolio performance report Q1 2019

· 266 words · 2 minutes read Investing

Composition

The funds in my portfolio haven’t changed since last quarter. Also, there’s no need to rebalance yet.

Type ETF Ticker Allocation
Government bonds Xtrackers Global Sovereign XG7S 18%
Developed iShares Core MSCI World IWDA 49%
Small cap iShares MSCI World Small Cap IUSN 14%
Emerging markets Xtrackers MSCI Emerging Markets XMME 10%
REIT Amundi ETF FTSE EPRA NAREIT Global EPRA 9%

Growth of portfolio

Portfolio performance as of April 1st 2019.

Portfolio performance as of April 1st 2019.

Over the past 3 months, I invested a total of €1,621 into the portfolio. The growth has been pretty spectacular: the total return went from a €1,821 loss on January 1st to a €1,812 profit today.

Performance per asset

Performance per asset as of April 1st 2019

Performance per asset as of April 1st 2019

In the chart above, you can see that pretty much every fund in the portfolio recovered over the last 3 months.

Conclusion

Naturally, the strong performance of the markets during since the beginning of the year have put my in a good mood. However, as we’ve seen in the last quarter of 2018, things can change very quickly. The important thing is not to affected emotionally by the fluctuations and to stay the course!

Let’s end with a quote that I heard recently.

“Physics has three laws that explain 99% of the phenomena, finance has 99 laws that explain only 3%.” — Andrew Lo

My interpretation is that in essence, finance is a social science and not a hard science like physics. The heavy use of mathematics and statistics in the field can sometimes hide this. However, in the end it’s still all about explaning human behavior!