There is no point sugar coating the truth, September was a truly terrible month for my portfolio. Before I get into that you can see that the XJO closed down 6.70% for the month with the XSO off over 11%, however, I don’t think that represents the true story. What we saw throughout all of September was huge volatile moves, many stocks were smashed on the way down but failed to join in on the short term rallies up again. Unfortunately one of my stocks, MHM, suffered this fate.
Index: | August Close: | September Close: | Percentage Change: |
XJO | 4296 | 4008 | -6.70% |
XSO | 2514 | 2233 | -11.18% |
Compared to the end of September the portfolio has now lost a further 8.14% of its value. The largest loss was suffered by MHM which closed down 37.50%, followed my OBJ which was down 11.11%. KGL performed a little better and actually managed to outperform the XJO by a little over one percent. However a loss is a loss and it too closed down 5.05%.
Code: | Weighting: | August Close: | September Close: | Percentage Change: | Weighted Change: |
OBJ | 25.66% | 0.018 | 0.016 | -11.11% | -2.85% |
MHM | 12.50% | 0.92 | 0.575 | -37.50% | -4.69% |
KGL | 11.81% | 0.099 | 0.094 | -5.05% | -0.60% |
Cash | 50.03% | 0% | 0.00% | ||
TOTAL | -17.89% | -8.14% |
Cash certainly helped stem the losses which can be seen in the table below. Without my 50% cash holding the portfolio would have actually suffered a loss of 16.28%. Things are certainly on the brink and the issues the MHM have been well covered in a number of recent posts. The falls in OBJ and KGL were not as concerning and would largely be in line with what you would expect to see in a bear market. Here’s hoping things improve in October.
Code: | Weighting: | August Close: | September Close: | Percentage Change: | Weighted Change: |
OBJ | 51.37% | 0.018 | 0.016 | -11.11% | -5.71% |
MHM | 25.01% | 0.92 | 0.575 | -37.50% | -9.38% |
KGL | 23.63% | 0.099 | 0.094 | -5.05% | -1.19% |
TOTAL | -16.28% |
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