November 2021


A General Overview

I guess I called for it last month, saying that in November I had all the ingredients for some major stressful time and more tiredness.

As I mentioned before we have started the interior renovations in our house, initially we had to install a bathtub, we ended up changing kitchen, bedroom and 2 bathrooms… Honestly, I have to still understand where it all went wrong this time, but I find myself having to deal with this (rather stressful by itself) work, teach and last but not least the management of a household of 4 with a 2 months old baby and an almost 3 year old in the middle of the “terrible two” crisis.

Renovations are underway, a bit delayed but all seems to steer in the right direction, babies are all safe and sound of health, so that’s what’s important. As to the rest, my personal life, it’s a train-wreck, barely being able to cover work related tasks and getting very little and fragmented sleep.

These are days where I feel I have the world on my shoulders, and it doesn’t feel right or comfortable. Hopefully it will pass, right now I am eyeing February/March as the potential turning point of this situation because Mila is going to be almost 6 months, and at least the renovations should be over and done with… Keep your fingers crossed for me!

LH FUND

Explanation of terminology and graphs is HERE.

Let’s see the numbers:

MonthTRYTERNYYoCForex
31 Dec 20140.00%0.00%0.00%0.00%
31 Dec 2015-3.33%1.22%-0.13%-1.00%
31 Dec 20167.06%1.14%1.16%-4.35%
31 Dec 20179.94%1.04%2.64%-5.94%
31 Dec 20183.28%1.24%2.70%-3.53%
31 Dec 201923.50%1.35%2.72%-1.40%
31 Dec 202015.76%1.28%2.70%-7.60%
Jan 202115.52%1.27%2.71%-7.03%
Feb 202117.42%1.26%2.71%-6.69%
Mar 202125.19%1.24%2.67%-4.85%
Apr 202124.93%1.23%2.69%-6.98%
May 202128.02%1.24%2.76%-8.12%
June 202127.67%1.40%2.61%-5.59%
July 202127.39%1.39%2.61%-5.54%
August 202128.79%1.37%2.62%-5.64%
September 202129.02%1.37%2.68%-3.84%
October 202132.73%1.36%2.68%-3.91%
November 202131.90%1.35%2.65%-2.08%
LH Portfolio Milestones + Monthly current year

TR is decreasing (vs. previous month) – it all looked good till the last few days of November when markets started to drop…

YTER is decreasing (vs. previous month) – A mere BP, but still better than seeing it rising…

Net Yearly YoC is decreasing (vs. previous month) – Options woes reduced income this month.

Forex is getting better (vs. previous month) – Dollar rallying against the euro it’s a massive boost for this metric!

Dividends and Options

Income this month was 456 Euro

Dividends accounted for 1446 Euro (+38% vs 2020) and Options ended up with a -990 Euro score (-150% vs 2020).

Dividends

One of the best Novembers ever for the Long Haul PF, nothing much to say about it. It might be hard to replicate in the future but hey, I’ll worry next year!

Options

Year end always brings some “bad news” in terms of options, because it’s when I get to roll positions that are very badly put and that require me to post a financial loss (despite rolling for credit). So this month too I’ve had BKE and HASI, both successful rolls which cost me some gain in 2021 (but money management tells me that they are both in profit as trades).

DCA/Increased Positions

Bought 100 ENIA @ 5.5 USD

Not sure why this stock is getting such bad results, I can see the same pattern in the Italian ENEL too. Still, an occasion to add positions.

New Positions – Sold Position

Bought 250 LON:TATE @ 6.5 GBP

Tate & Lyle used to be a sugar company. Now it stopped dealing with sugar and it’s producing bio ingredients for food and drink producers. I like the profile that they have, dividend policy and the results that they have been posting, so I’ve decided to take the plunge and buy some at a “not so stellar price”, but it’s a start!

Sold 10 ONL @ 20.00 USD

I was given these stocks from a corporate action that O did. Don’t think it’s such a good stock to own, sold it right away.

The Financial Conclusions

November was a month where everything kept going up and up, until the last few days where “thanks” to the Omicron variant of COVID19 a mild pullback started. The pullback hasn’t finished at the time of writing, so maybe it will turn out to be a huge crash, but I don’t think so. My feeling is that the market doesn’t fear COVID all that much, there are certain sectors that are going to suffer for sure of course, but it’s not as bad as it was before. I still remain of my “negative” view on the financial markets developments in the future (quite near future actually), but I don’t think that COVID might trigger a bust. I believe it’s going to be a more serious economic issue, such as tapering/raising rates due to inflation.

Hard to tell of course, I will still invest even if I have this prediction, but only if I see stock reasonably valued, which right now are hard to find, at least for me…

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