A General Overview
Groudhog Day is the idea I keep getting in my mind to describe the recent months, it seems as I keep living the same day over and over, and I don’t like it at all… I guess this is mostly to do with the fact that two young kids/babies are something that we’ve never had to manage before and they draw a massive amount of energy. I can only hope this will end sooner than later, because I am finding it hard to find time to do things like… THE BLOG.
So in March we have had a war erupting in Europe, which is a rather big thing, unfortunately at the time of me writing things are still pretty messy between Russia and Ukraine (but should we say the “western countries”?).
Time will tell, but it’s not a good thing to have to see… Anyhow I have too little time this month and I am already late with the post for March, on we go…
Explanation of terminology and graphs is HERE.
Let’s see the numbers:
|31 Dec 2014||0.00%||0.00%||0.00%||0.00%|
|31 Dec 2015||-3.33%||1.22%||-0.13%||-1.00%|
|31 Dec 2016||7.06%||1.14%||1.16%||-4.35%|
|31 Dec 2017||9.94%||1.04%||2.64%||-5.94%|
|31 Dec 2018||3.28%||1.24%||2.70%||-3.53%|
|31 Dec 2019||23.50%||1.35%||2.72%||-1.40%|
|31 Dec 2020||15.76%||1.28%||2.70%||-7.60%|
|31 Dec 2021||37.13%||1.35%||2.69%||-2.05%|
TR is increasing (vs. previous month) – Quite a big step, wow!
YTER is decreasing (vs. previous month) – 1bps, little steps… good steps
Net Yearly YoC is increasing (vs. previous month) – 1bps up, every little helps…
Forex is better (vs. previous month) – After so many years of negative numbers seeing this metric STILL positive is a relief, but I guess it’s going to be short lived…
Dividends and Options
Income this month was 1476 Euro
Dividends accounted for 1069 Euro (+17% vs 2021) and Options ended up with a 407 Euro score (+N.A.% vs 2021).
A great March. Paased the 1K mark and improved on last year, nothing to complain about!
Still in recovery mode 407 Euro is a GREAT result and sets a good path to recoup the major blunder that I’ve taken in January.
Bought 100 VTRS @ 11 USD
Got assigned on a put option that ended up ITM, could have done better waiting but war-induced volatility it’s hard to predict.
New Positions – Sold Position
Bought 100 LON:CCH @ 14.20 GBP
Coca Cola Hellenic suffered a major fall due to the war (one factory is in Ukraine), to me that was a great opportunity to enter this stock which I was looking at since a long time. Boring, simple business, they bottle a lot of drinks for Europe and make coffee pods too.
Bought 100 FRA:FRE @ 30.30 EUR
Also here I’ve decided to roll an option that I had ITM and buy the company at the same time, Fresenius is a German Healthcare company that has been paying dividends for quite some time. Strong management and products, I’ve decided to enter on a recent weakness in their ER (nothing major in my opinion) and the volatility due to the war. The plan here is not so much on the divi
The Financial Conclusions
War meant a lot of volatility and volatility means opportunities (if you are there to catch them). I’ve managed to do something, but not as much as I would have wanted. I can still see some major issues with the economy as a whole, war or not war. Actually this Russian/Ukrainian conflict, despite it being totally useless and stupid, sometimes seems like an excuse not to talk about what’s going to happen “later”.
Inflation is getting out of control, this means that central banks will soon have to raise interest rates. America is well ahead into this path, but I believe that Europe will follow suit soon.
This will mean a downturn in the financial markets, bonds and stock alike. I can see no other way really, and from an economist prospective it’s actually ok, as cycles are there and we need to go thorough a bust if we are to live another boom.
The issue is how to prepare for it. I don’t feel like there are great deals to be had entering the market now, so I am waiting on the sidelines still. Options are something that I engage in, but just to raise income, I want to see what will happen at the end of the war in Ukraine, hoping that it will come to an end soon.
There is also the issue of time. I really do not have time to do much research and reading, which means that investing should be put on hold for a moment, to avoid terrible mistakes made on the “spur of the moment” and not coming from real strategic thinking…