Monthly Report (May, 2020)
May (2020), a good month of consolidation Dear Copier and Followers, I am glad to announce the second month in row of profits, slightly above 2%, and that's a good news in my opinion because it confirms that the new structure of the portfolio helped to stabilize performances and reduce the Risk Factor that has now fallen back to 5 on average for the month. Moving forward I am planning to keep the risk factor to 4/5, with a max of 6, until the end of 2020 in order to capture a big amount of volatility that will most likely be present in the markets for the next 12 months. The VIX have been converging to a value slightly above 25 during the latest period, and summer won't probably push it much lower. A very good environment for our type of diversified portfolio. Figure 1 shows the structure of our portfolio for the beginning of June. Figure 1: overview on PortFolio structure The percentage occupied by stocks increased, but actually only because we increased...