Saturday, August 1, 2020

July 2020 update ($571,446 +$35,466 or +%6.6)

↑ Emerging Markets Stock Index Fund is up by $4,084 or +3.4%
↑ US 500 Stock Index Fund is up by $7,565 or +5.6%
↑ Global Small Cap Index is up by $4,157 or +3.9%
↑ Financial independence savings for last month $2,000
↑ EUR is up to USD by 7% or $16,795 for my portfolio
↑ GBP is up to USD by 5.6% or $2,868 for my portfolio
Grand total additions: $ 37,468 USD
↓ Eurozone Stock Index Fund is down by $1,470 or -1.3%
↓ Fidelity Growth Fund is down by $532 or -1.0%
Grand total losses: $2,002
Financial Independence update July 2020



Quietly while trading tensions with China are high, the USA engaged in the currency wars and lowered its currency by 5-7%.  For my portfolio diversification paid off and I gained over $19 K for the past month.

 EU fund is continuing to lose its value. EU lacks vision, thinking and independence. As a follower it surrounded itself by sanctions and bureaucracy, which is dragging down everybody.  It’s the only market which is still below its 2017 value even with the dividends re-invested past three years.

 I keep accumulating cash for the investment but will sit tight at the moment.  I am thinking to find a suitable corporate bond fund and once the crisis is over the funds will climb down to invest in. I need to find a smart fund, investing in likes Apple corporates bonds at 2%, Amazon (0.45%) a year is a waste of money. Companies such Toyota yields 3.2%, Gazprom yields 5% or Chevron at 3% a year is a more profitable option.

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