Monday, January 1, 2018

Portfolio performance 2009-2017

Happy New Year 2018!

It's once again time to check how our portfolio fared in the previous year against passive index investing.

The year 2017 was a mixed bag. Our global ETF and U.S stock positions delivered very good results. Micron with +82,36% gain was by far our best performing position and generally technology stocks were having a very good run. Our Finnish large caps were not having a good year, but luckily the small caps gained nicely (on average >30%).

Overall our portfolio gained 12,1% vs. benchmark investment 7,3%. The "benchmark investment" is an imaginary passive ETF that closely tracks the performance of MSCI all country world (ACWI) index in euros (more info here).

In terms of cumulative yearly gains, we are now 11,2% above the benchmark investment:

Portfolio performance 2009-2017.
 Note: "Difference" column uses exact values as input rather than figures rounded to 1 decimal that are displayed.

Cumulative gains of our portfolio (blue line) vs. benchmark investment (red line). 31.12.2008 = 100.

In the year 2017 we had very good tailwind from euro which raised against U.S dollar from 1,054 to 1,201. Our portfolio contains significantly more European stocks than the ACWI index and we measure gains in euros, and therefore, EUR/USD exchange rate matters a lot.

Going into 2018 we continue to be almost 100% invested into stocks. I will cover our allocation in the next post.

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