Monthly Report (September, 2020)
September (2020), first month in the last six months in red Dear Copier and Followers, the typically difficult September month ended with a loss of 2,22% in a month rather volatile and during which our Portfolio has been consolidating through the first actual Nasdaq correction since the March/April oil/Covid caused collapse. We completed our third trading quarter of 2020 with a 3.91% profit, with a risk factor at an average of 3 with maximum of 4. Considering how complicated this quarter was I feel that this is a positive result. The TLT we own produced very limited protection to the stock correction, which indicates that the FED is stealthily suspended its balance sheet expansion in order to gain some extra ammunition to use if the situation deteriorates further. Trump is ill with Covid-19, how will this impact the stock markets and the presidential? Hard to say, we will try to be ready for whatever comes our way during the next weeks. Figure 1 shows the structure of our portfolio