WEEK that was
Market is staging a recovery but we are STILL in a downtrend overall. One bad day can wipe out the entire 2 weeks upmove. Having said that, all the strong stocks are showing thrust and ignoring the index levels.
Our Cash position is a double-edged sword. while it saved us in corona, it is hurting us now. That is the nature of the system.
MWV on the other hand has increased its outperformance to benchmarks considerably. (9%)
Here is a weekly update on our strategies.
MWM was FLAT this week to close at 218.52% total returns. Our Overall outperformance to benchmarks is at 142.93%. The current Drawdown stands at -24.05%. We have averaged 24.18% CAGR since April 2017.
This week will have 2 Entries and 0 exits in MWM.
These are challenging times for Momentum and there is Nothing New happening!!. To understand how Momentum Investing works in the long run and how drawdowns are part of the game, please spare some time and watch this in-depth conversation
Mystic Wealth value gained 3.37% this week. Our Overall return stands at 122.61% since inception. Which is 16.13% CAGR. We have 7 in cash. Strategy outperformance to benchmarks stands at 47%. Over the last 3 years, MWV has clocked 24% CAGR making it one of the best options in the industry!!
This week will have 1 New Entry and 2 Exits.
MWV is run by Dayanand Deshpande who is considered an authority on Special situation Investing in India. Over the years, Demergers and management change as a theme has generated amazing wealth for our long-term clients.
To know more about the underlying philosophy at MysticWealth Value (MWV). Please watch this detailed webinar
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