The portfolio changes:
↑ Accumulate additional $3,500 as part of my annual savings plan ($42,000 a year or $3,500 a month)
↑ Vanguard Energy ETF stocks are up $ 300
↑ Gazprom and Company shares are up $790 combined
↑ Precious metals up $400
↓ Emerging market mutual funds are down $990
- Emerging market mutual fund. High risk investment with any income being killed by greed and inefficiency. Some specific comparison:
Manege square - 3.2% funds fees, 0.6% for keeping records. Investor pays 3.8 % annually!
Whole market tracker, such as MMVB index 1.8% fund fees and 0.6 for keeping records or 2.4% annually.
Compare it with Vanguard S&P 500 ETF 0.05% or Emerging market ETF (VWO) 0.18%. The investment has not made any money for the last 5 years of exposure. It has been a very expensive price for practical experiment.
- Proportion of my portfolio in cash is creeping up, but I am a little bit worried now. Seemingly I missed the train with investing in S&P500 and most of the observers are waiting for a correction.
By all means procrastination is not a short track to financial independence, but I am really puzzled with next step.