January… Cold dark month here in Denmark so karma gave us some good returns to make up for it! But by the looks of the markets here in the beginning of February karma found out that we spend most of January on a bounty island in warm weather. Anyways February still have many days to surprise us so lets stick to January for now.
As we had spend a bit on the vacation we didn’t buy any new stocks in January so our portfolio remained the same.
We ended up being 1,5% down on currency, but there were some heavy hitters to make up for that so our return for the month was 3%. Please give us more of these months! Please.. PLEASE!
Well… The online retailers was our best performers this month. Amazon and Boozt are quite different companies, but its seems investors are believing in the e-com case benefitting both of them. Lots of other decent returns in the portfolio as well.
For readers following the blog you know that we have written about individual stocks vs. the popular index funds (if you haven’t read it click here). For the theoretical lesson we wish that the chart below would have shown a similar return for the indexes and our portfolio (not 🙂 ) but we ended up quite ahead of the benchmarks. It looked so good that we had to recalculate the returns as we we unsure if we had the currency effect right, but if we can believe Apple’s excel stock function then it is correct. Well we are certainly not complaining.
Lets see if everything that the market has given are taken back in February. Earlier today we were preparing ourselves for the worst, but as we write this we see that the American markets are turning green. More to come next month.