WEEK that was
What a difference a week can make. Putin attacked Ukraine and market tanked. Gold and crude were up while equity the world over crashed. Russia index was down more than 50% at one point before recovering.
Here is a weekly update on our strategies.
MWM website lost -5.27% this week. We closed at 254.63% returns since inception. Our Overall out performance to benchmarks is now reduced to 174.30%. Current Drawdown stands at -15.33%. We have averaged 28.96% CAGR since april 2017.
This week will have 8 exits and 0 entry in both MWM website and Smallcase.
You need to subscribe to this newsletter in order to receive Rebalance update in advance. Please read this blog detailing the rebalance process.
Now is a good time as any to bring your attention to the power of Asset Allocation. Your exposure should be in accordance to your pain thereshold. Please watch this Video we prepared to bring this point home.
If you had 70:30 MWM/Gold. Your current Drawdown would have been 9.5%
#MWM is a 20 stock Automated, Multi-cap Model portfolio selected on the basis of Price momentum. It has broader market filters to sit in cash in bear markets.
#MWM is a wonderful way to take “Momentum” factor exposure in your portfolio. The entire idea is to capture the Alpha, by falling lesser than the broader markets in bad days and be with fast movers in good days.
Please note that MWM smallcase and MWM website have separate set of stocks now and therefore performance would be different. Please find below MWM smallcase graph.
Mystic Wealth value was down -3.62% this week. Our Overall return stands at 116.53% returns since inception. Which is 16.78% CAGR. We have 23% in cash. Strategy outperformance to benchmarks stand at 36.15%
This week will have 1 exit and 2 Pyramiding into exsisting portfolio stocks in both MWV website and Smallcase.
MWV is run by Dayanand Deshpande who is considered an authority on Special situation Investing in India. Over the years, Demergers as a theme has generated amazing wealth for our long term clients.
Checkout our MWV strategy page on website
We recently did a presentation on importance of debt funds and how they are better than FD. before watching that presentation, here is a joke of the day to lighten the mood.
Joke of the day.
My money was rotting in FD losing 4% every year to inflation. I took a wise decision to move to equity
Now it is losing 4% every day!!! pic.twitter.com/dIDwDKGrZK
— Mystic Wealth (@MysticWealth11) February 24, 2022
Here is the prsentation for your perusal.
#MWO. MysticWealth Options:
There were No changes in this account. Our under performance has reduced as Nifty has cracked.
Our current drawdown is at 14.48% The total CAGR return since 2017 is at 8.17% We are under performing Nifty by 33%.
Have a Great weekend!!!