↑ Monthly
pension plan investment $2,293 (outstanding tax rebate on the
investment)
↓ Emerging Markets Stock Index Fund is
down by $4,623 or -3.5%
↓Eurozone Stock Index Fund is down by
$2,199 or -1.7%
↓ US 500 Stock Index Fund is down by
$119 or -0.1%
↓ Global Small Cap Index is down by $3,443
or -2.8%
↓ GBP is down USD by 0.8% or $425 for
my portfolio
Grand total additions:
$10,809
I did not include any savings this month,
as I had none. I spent a lot of money due to the job change but expect to start
the savings in February, assuming everything go well.
Western european stock market will be corrected and not because
of the BrExit or their inability to have independent and economically oriented
policies. Dabbed as wish list the UK government declared intention to ban sales of new fossil fuel
powered cars by 2035. Britain plans to ban the sale of new petrol and diesel
cars by 2035, including hybrids. I think
the rest western europe will follow soon.
Fossil fuel behemoths represent 10% of
British FTSE -All-Share Index ($3tn) S&P500 – 4% ($28tn). The fossil fuel
companies are bureaucratic creations, which can only survive in lush economic environment
of fat margins 30%+. Upcoming changes in
western europe will hit them hard. The companies were involved in politicking and
will unlikely to survive outside of europe (BP, Equinor (state oil company from Norway), Eni, Repsol, Shell, Total and other smaller ones) . Additionally, the big oil is keep loosing
money on “shale revolution”. Of course
there is a room for rationalisation or corruption to delay the policies
implementation.
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