Actively managed portfolio journey

[BossMan.]

More ramblings;

AUDUSD pull back today will be shortlived, I dont believe we will see real AUD destruction until Trump takes office (how much of what he says is empty words?). Hence I am still bullish on the AUD in the very short term.

Looking to rotate out of AUDUSD in the next 2 weeks and will rotate it into a core holding of ASX:WIRE

Following this a subsequent 10% allocation will be loaded into the equal weighted SP500 (I believe we will see the rise of the S&P493)

Onwards and upwards

 

[divs4ever]

More ramblings;

AUDUSD pull back today will be shortlived, I dont believe we will see real AUD destruction until Trump takes office (how much of what he says is empty words?). Hence I am still bullish on the AUD in the very short term.

Looking to rotate out of AUDUSD in the next 2 weeks and will rotate it into a core holding of ASX:WIRE

Following this a subsequent 10% allocation will be loaded into the equal weighted SP500 (I believe we will see the rise of the S&P493)

Onwards and upwards

empty words , or building a position before starting negotiations , at least Xi hasn't openly ( to his face ) told Trump all he speaks are deceptions ( like he did to Biden )

now the AUD is liable to be collateral damage in the coming currency/trade war , a potential black swan will be a Japanese yen carry-trade debacle , that might really rattle the ( US ) dollar

i suggest staying agile ( ready to move in any direction as needed )

good luck

 

[BossMan.]

EOW Update

What a good week for the ASX!

Profit/Loss (Including closed positions YTD)





Slightly under performing the index! But what a contribution by ASX:AAL
Weightings



Thoughts & Feelings

Sharesight is artificially showing my speculative position as excessively overweight (AUDS is actually a trade I will update the tags to accommodate the 10% for trading.

As mentioned previously, I am thinking pretty consistently about whether ASX:VDBA fits the growth strategy I am aiming for. I think these funds would be better allocated into either a vanguard high growth or into other indexes. Income is not my target.

Its likely next week I will liquidate my AUDS position and rotate it into ASX:WIRE will update the blog accordingly.

So close to out performing the ASX200 (largely off the back of ASX:AAL) which has had an absolute gun run. I am still waiting for the ~10% dividend yield (at the initial entry price set for March).

Small caps also performing well however gains have been offset by the depreciation in the Australian Dollar (the position isnt currency hedged). Still keen on the equal weight as the subsequent 10% position to be entered in the backend of December / Mid January.

Set to receive a bonus from work that should enable this injection of capital.

I am also so proud of my exit from ASX:DUG which has had the ass fall out of itself. If we go back to a version of myself just 9 months ago I would of been inclined to not sell and to instead double down. My ability to cut emotions out has been invaluable over these last 3 months preventing some absolute value destruction.

Onwards & Upwards.

 

[BossMan.]

Position Update

Forgot to post yesterday.

On the 04/12/2024 I sold my AUDS at the open as I lost faith on the short term positive outlook of the AUDS. Simply put Trump is to active in his messaging, to much whipsawing and there appeared to be consistent resistance slamming it down at 0.651-0.653 thankfully I exited prior to the GDP data release (this was one of the reasons I sold at the open).

Sold out for an approx ~$10 loss on the position so very minimal in the grand scheme of things.

Funds were rotated into ASX:WIRE I entered yesterday morning with an average price of $13.203 after taking into account brokerage. This accounts for ~8.5% of my portfolio holdings bringing our resource position to a total weighting of 23.11%

A big part of the justification is the copper dream (I see long term merit in the play irrespective of what happens in China in the short term. We may see some pain but ultimately copper will be needed in the global economy irrespectively of global policy). Rio Tintos recent discussions is also a positive line as well as the huge lob BHP took at anglo america.

Additionally this provides really good international copper exposure:

38.8% Canadian
12.1% Australian
9.1% USA
8.4% China
5.1% Japan
xxxx various other global economies.

This cements my long term resource positions.

General Life;

I moved into a share house in October. I will be looking to lob a packet weighting of ~15% into an SP500 equal weighted fund within the next 2 months. This will likely be one of the final injections for a short period of time.

I am planning to travel Europe/USA for 6 weeks in July. Set to graduate my Bachelors degree in November 2025 completing a 3yr bachelors in 4yrs while working full time in Data Analytics at a major big four bank.

Hoping to establish myself very well financially prior to graduating. Am set to hit a pretty major milestone in the next 9 months which I will share if I reach it. Its unusual I find myself enjoying the workplace, I dont disdain it or see it is a liability for me my employment is more of a vocation then a job to pay my bills/fund my investments.

Lets hope it stays that way.

Until the EOW update

Onwards & Upwards.

 

[BossMan.]

EOW Update
One day late.

as mentioned above rotated out of my AUDS trade into WIRE.

Planning to add to the diversified growth (through an equal weight SP500 fund).

From here it appears we will likely be over our underweight threshold for the property sector and may top up in the new year/through the use of dividends. Lots to consider, lots to think about.

VDBA to be reviewed following it being held for 12 months (to get the capital gains discount). Not sure if it makes sense for this portfolio and my objectives (or dependent on the weightings at that point in time I may be able to rotate it into my "trading" categorisation).

Weightings



Profit/Loss



Under performing the index. ~3 months to fight back.

Onwards & Upwards.

 

[divs4ever]

yes a LOT to consider , in the current market/economy

good luck negotiating your way ( i am struggling sorting through the possibilities and potential strategies

BTW the big benchmark to beat is capital gains/losses

you might find winners in unlikely places , but they just take a while to be loved

 

[BossMan.]

EOW Update

Missed last week. So this is a fortnightly update.

Blood bath on equities. It has done substantial damage to our YTD returns. With the most pain being seen in the Resource and Property Sector for my portfolio.

I anticipate this sell off will be short-lived and is just awaiting the Chinese stimulus measures. I fully anticipate a rotation out of Financials in to Resources (as many have already speculated).

Stocks will trade ex-div in the next couple of weeks and these funds will be targeted towards the SP500 Equal Weight investment. With a target weighting of ~12.5% bringing our direct American Equity exposure to ~22.5%

2025 will represent the year of the value stocks and small caps in my opinion. The stars are aligning and I am very worried about the top heavy straight SP500. I don't think we will see the AI productivity gains that have been promised actually flow through for a few years.

Heres how we stand;

Weightings



Profit / Loss




Final Remarks

As seen above I have returned -9.33% for the resource sector and it is the biggest lag on my portfolio. I fully intend to rotate additional funds into the resource sector in January to bring my average down. Australian miners are always going to be necessary so this top up will be for (ASX:MVR)

Also pretty proud of my exits (exiting AUDS before an absolute blood bath, ASXUG, and a few of my other speculative holdings). My ability to risk manage has improved (or maybe im just getting lucky!)

Onwards & Upwards.

 

[qldfrog]

Mr @BossMan. , to confirm, these results are from a march 2024 start?

 

[BossMan.]

Mr @BossMan. , to confirm, these results are from a march 2024 start?

Yes initial allocation in March, however a very large amount of funds has been injected over the subsequent months.

Approx. 85% of the initial value has been added (if that makes sense)

 

[qldfrog]

Yes initial allocation in March, however a very large amount of funds has been injected over the subsequent months.

Approx. 85% of the initial value has been added (if that makes sense)

all clear, thanks 6% in 9 months is pretty good.
All the best in your journey

 

[divs4ever]

EOW Update

Missed last week. So this is a fortnightly update.

Blood bath on equities. It has done substantial damage to our YTD returns. With the most pain being seen in the Resource and Property Sector for my portfolio.

I anticipate this sell off will be short-lived and is just awaiting the Chinese stimulus measures. I fully anticipate a rotation out of Financials in to Resources (as many have already speculated).

Stocks will trade ex-div in the next couple of weeks and these funds will be targeted towards the SP500 Equal Weight investment. With a target weighting of ~12.5% bringing our direct American Equity exposure to ~22.5%

2025 will represent the year of the value stocks and small caps in my opinion. The stars are aligning and I am very worried about the top heavy straight SP500. I don't think we will see the AI productivity gains that have been promised actually flow through for a few years.

Heres how we stand;

Weightings

View attachment 189912

Profit / Loss

View attachment 189911


Final Remarks

As seen above I have returned -9.33% for the resource sector and it is the biggest lag on my portfolio. I fully intend to rotate additional funds into the resource sector in January to bring my average down. Australian miners are always going to be necessary so this top up will be for (ASX:MVR)

Also pretty proud of my exits (exiting AUDS before an absolute blood bath, ASXUG, and a few of my other speculative holdings). My ability to risk manage has improved (or maybe im just getting lucky!)

Onwards & Upwards.

i will give you a hint

drops of under 10% ( from record highs ) are NOT a bloodbath ( unless you choose the highly-leveraged path )

in fact you can expect a 20% retrace every four or five years ( not counting the lesson common 40% plus crashes )

the good part is ... unless you buy at a peak ( at the time ) you will have had some gains to give back before that drop ( so your 40% downturn is liable to only do 20% to 15% damage to your investment capital )

you will have to learn which is luck , and which is instinct/judgment for yourself