The third quarter is already more than 2 weeks behind us but due to an increasing workload and my Spanish classes, I wasn't able to get to my quarterly report. Luckily I found some time so let us jump right into it!
7. Quarterly Portfolio Report – Q1 2020
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Last Updated on July 31, 2020 by Mr. FightToFIRE
Not only my portfolios took a hit. In this first quarter, my Savings Rate got trashed just as hard. One thing saved this quarter. Thanks to a windfall in the form of a tax deduction, I reached 87% in March. Together with my first two Savings Rates, I’m at an average of 44.32%.
My net worth could have taken less of a beating if I used all of tax money, but to play it save I left a good chunk on my checking account for later use. It’s why you won’t see it anywhere in this overview and only in my SR.
Besides the tax deduction, I received 100k EUR for the apartment. It’s already transferred to the notary since the sales agreement stipulated this was needed before I could sign.
Balance sheet? Creating a clearer picture
This inheritance and the apartment would skew my overview, so I did the following. One figure (ALL) includes the inheritance and the value of the apartment, my portfolios, and my savings accounts. The other (Savings & Effects) is without the apartment and just my investment portfolios and savings accounts. As a result, you will see my net worth take a huge drop.
In the overview below, you see this in table form. I’ll probably adjust my portfolio view later, but for now, this will do. This split gives the extra perverse effect that my total worth declined by an extra 25,625 EUR -next to the loss incurred by the market- or the amount I already put in the apartment myself, but yeah, it’s just on paper and I’m not a bookkeeper so this is what I could come up. Do enlighten me if you know a better way of handling this. Maybe a balance sheet?
|Quarter||Savings & Effects (€)||All (€)||QoQ S&E % (€)||QoQ ALL % (€)|
Personal portfolio overview
The recovery of last quarter was completely undone, and then some. My personal portfolio is now at -8.512%. This decrease is due to a deposit of 7,500 EUR. It brings my total invested capital to 32,500 EUR for my personal portfolio.
While I only have 32,500 EUR of my own money invested, my actual investment in the market is 39,252 EUR. This value comes from the margin I’m using which is worth |6,149.63 EUR|.
At the moment my portfolio is worth 35,883.30 EUR incl. this margin. So deducting that margin, my actual net result is in fact 29,733.68 EUR.
Coming from 29,361.55 EUR this is a theoretical increase of 1.267%.
|Symbol||Description||Sector||Quantity||Close Price||Cost Basis||Current Value||(Un)realized Profit/Loss||% Gain/Loss|
|SXR1||ISHARES CORE MSCI PACIF X-JP ETF||Broad||15||105.50||1,870.30||1,582.50||-287.80||-15.388|
|DX2J||X MSCI EUROPE SMALL CAP ETF||Broad||50||33.79||1,766.06||1,689.50||-76.56||-4.335|
|CSSX5E||ISHARES CORE EURO STOXX 50 ETF||Broad||10||87.31||1,091.29||873.10||-218.19||-19.993|
|HOMI||HOME INVEST BELGIUM||Financials||8||108.50||702.83||868.00||165.17||23.500|
|IUS3||ISHARES S&P SMALL CAP 600||Broad||100||39.66||5,369.04||3,966.00||-1,403.05||-26.132|
|RBOT||ISHARES AUTOMATION&ROBOTIC-A ETF||Broad||290||5.80||1,766.17||1,682.00||-84.17||-4.766|
|SBIO||INVESCO NASDAQ BIOTECH ETF||Broad||30||31.09||923.30||932.55||9.25||1.001|
|SPYD||SPDR US dividend aristocrats||Broad||43||39.45||2,042.13||1,696.57||–345.56||-16.92|
|SXR8||Ishares Core S&P500 UCITS||Broad||20||230.83||4,856.99||4,616.60||-240.39||-4.949|
|XLVS||Source HLTH care S&P US SECT||Broad||5||361.77||1,767.71||1,808.85||41.14||2.327|
The below table contains my stocks denominated in USD. Since the currency rate fluctuates daily, it impacts the total portfolio wealth counter. To keep it simple I will use the rate applicable at the time of writing every quarter (give or take a day). You can find the rate used at the top of this page.
All my stocks, so also my dollar ones, greatly declined in value! I now have 6733.93 USD or 6201.89 EUR.
|Symbol||Description||Sector||Quantity||Close Price||Cost Basis||Current Value||Unrealized Profit/Loss||% Gain/Loss|
|BABA||Alibaba Group Holding||Communications||5||188.90||832.89||944.50||111.61||13.400|
|CSKR||ISHARES MSCI KOREA USD ACC||Broad||10||117.48||1528.34||1174.80||-353.54||-23.132|
|IBB||ISHARES NASDAQ BIOTECHNOLOGY||Broad||5||107.70||518.34||538.50||20.16||3.889|
|IEMA||ISHARES MSCI Emerging Markets ACC||Broad||28||26.96||1030.58||755.02||-275.56||-26.738|
Actively managed portfolio
Due to the coronavirus outbreak, my Beobank managed funds took a dive. There is nothing left of my growth and I’m now facing a negative return of 7.90% which is a massive drop of 27.71%.
|Nr.||Inception date||Description||Current Value||Cost Basis||Unrealized Profit/Loss||% Gain/Loss|
|1||September 2016||Actively managed fund||18031.90||19,578.97||-1,547.07||-7.90|
As with my other portfolios, the pension fund dropped as well.
Important with this portfolio is that I stopped the automatic deposit. I will not add to this account and most likely will leave it alone as of now. I’d even dare to say that I will let it alone till my retirement.
Anyhow, it went from 11.523% to 7.68%. In other words, a decline of 11.523 + 7.68 = 19.203%.
|Nr.||Inception date||Description||Sector||Current Value||Cost Basis||Unrealized Profit/Loss||% Gain/Loss|
|1||September 2013||Dynamic pension savings fund||Broad||6275.91||6797.82||-521.91||-7.68|
I call them investments but they are more like speculative positions. This is with good reason. This quarter was full of ups and downs.
I took this as a calculated risk (especially the cryptocurrency one) expecting to reap the benefits in the longer term but for now it’s not going anywhere.
Coinbase cryptocurrency account
My crypto wallet keeps fluctuating around the same price range of 120 ~ 200 EUR.
|Nr.||Inception date||Coin||Cost Basis||Current Value||% Gain/Loss|
All the money I saved in this last quarter was put into my personal investment portfolio or set aside in case unexpected costs arise related to the apartment. I did receive a bit of interest in my savings account, so now I have 2,526.37 EUR as an emergency fund. I’d like to top this up again but the recent bear market made me decide to grasp te opportunity and buy more shares.
As I can still save money, I will keep doing so and use that to create a new emergency fund for the future.
|Nr.||Inception date||Description||Deposits||Current Value||% Gain||Interest Rate|
|1||July 2018||Regulated limited high(er) interest savings account||2,500||2,526.37||1.0548||0.01% (base rate) + 0.1% (fidelity premium)|
|2||August 2019||Regulated Deposit account||1,835.00||1,835.11||0.006||0.01% (base rate) + 0.1% (fidelity premium)|
Real estate portfolio
The biggest difference between now and my last quarterly update, is that I made a first withdrawal of my mortgage of 45,000 EUR. Since I decided to take a delayed payback of my mortgage, I only have to pay interest on this first amount.
The first payment was due on the 6th of March and was 20.13 EUR. Since there is no principal paid, the total “saved” remains the same, i.e., 125,625 EUR. The 500 EUR is thanks to an option I took which gave me a double bonus when I signed, i.e., an extra 500 EUR.
Some of you were so kind to fill in the small poll I made to help me decide what to do with the inheritance of 100K. I decided to incl. both in my net worth but I will also provide a seperate net worth counter without my apartment investment.
I know you can’t combine the cash I already put into the apartment and the mortgage since one is an asset and the other one a liability so I made two tables. One has my (growing) asset, the apartment. The other table contains the liability, my mortgage, that I will pay off month by month.
|Nr.||Inception date||Description||Initial value||Current Value||% Gain|
|1||28 June 2019||Invested in apartment (so far)||125,125.00||125,625.00||0,3996|
|Nr.||Inception date||Description||Loaned amount||Paid off amount||% Gain|
|1||20 February 2020||Mortgage Brussels apartment||-280,000.00||0||N/A|