I went through the performance of our portfolio considering the markets situation, the Greek endless crisis, the Chinese market falling like hail in summer and the reaction of the global markets. Well, the picture is really not nice. In almost one month, the actual value of the portfolio vs. our calculated selling price of each shares (including all broker fees) went down from -8.3% to -14.1% or in percentage point -71%.
Looking at the positive side, it gives us an opportunity to buy shares at discounted prices or investing on our tax advantage account (3rd pillar), our cash position available is around 156’000 CHF. the split is one-third for the broker account and two-third for the tax advantage account. In order to keep a certain cash value as an emergency fund, we will probably not touch the broker account, but investing in our 3rd pillar.
In next couple of day, I will closely look at the market and evaluate how much, and on in which of the fund we will put money to work.
What is your situation, hopefully better than our.