Monday, August 31, 2020

August 2020 update ($606,105 +$34,659 or +%6.1)

↑ Emerging Markets Stock Index Fund is up by $4,505 or +3.4%
↑ Eurozone Stock Index Fund is up by $5,399 or +4.6%
↑ US 500 Stock Index Fund is up by $10,453 or +7.3%
↑ Global Small Cap Index is up by $6,753 or +6.1%
↑ Fidelity Growth Fund is up by $2,089 or +3.9%
↑ Financial independence savings for last month $2,000
↑ EUR is up to USD by 1% or $2,183 for my portfolio
↑ GBP is up to USD by 2.4% or $1,277 for my portfolio
Grand total additions: $34,659 USD

August 2020 financial independence update

Observations:
The S&P had a remarkable recovery, but truth is that most of it in so-called growth stocks, which generates no dividends:

Growth vs. value companies recovery during COVID19
Growth vs. value companies recovery during COVID19

Further than that its not all economy sectors which recovered well:

S&P500 sectors unequal recovery

 S&P500 sectors unequal recovery.

A lot of traditional “brick and mortar” sectors are really struggling - energy, utilities, real estate, industrials…

This is still better, than Eurozone. France index is down 15%, England is 20% down.  This is predominantly due to lack of independence in foreign affairs, sanctions and inefficient policies. Only Germany is doing relatively well.

Eurozone (France, the UK) markets recovery vs. S&P500

 Eurozone (France, the UK) markets recovery vs. S&P500

Overall I am glad to see that for the first time I reached $600,000 with my financial independence nest egg. 


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