JuniorDepot28 – Catching-Up the Target CAGR and Beating the DAX

DAX, the German main stock index, fell on the 2nd lockdown in October but quickly recovered in November 2020. Elle made use of this movement, both achieving her target rate of return and beating the DAX. Continue reading "JuniorDepot28 – Catching-Up the Target CAGR and Beating the DAX"

Pfizer/BioNtech and Covid-impacted stocks on 9/11/2020 and afterwards – yet another market irrationality

A pig will find the dirt (Russian proverb). The market will find reasons to grow. To fall as well. It is worth documenting (and periodically recalling) what happened on 9/11/2000 (as well as shortly before and after this date).

In the end of October the German market was not in the mood, upset by the 2nd (partial) lockdown. However, after a healthy DAX correction, the greed got started to dominate again. On November the 9th two really(?) good news arrived: first the preliminary victory of Joe Biden, followed by 90% efficiency of Pfizer/BioNtech vaccine.
Continue reading "Pfizer/BioNtech and Covid-impacted stocks on 9/11/2020 and afterwards – yet another market irrationality"

JuniorDepot27 – Profitable but Still Worse than DAX, so far…

Last weeks Elle was inactive, patiently waiting for an opportunity to buy cheaply. It came with a "common" September correction. Still Elle stays very cautious because this time the October (the most volatile month on average) will definitely be extremely volatile due to President elections in USA. Continue reading "JuniorDepot27 – Profitable but Still Worse than DAX, so far…"

JuniorDepot26 – A Calm Before the Storm

Elle's portfolio stagnates, slipping slightly to loss due to the USD weakness. We were risk averse and missed the (exuberant) growth of the last month. However, after the publication of macroeconomic data the market seems to start oping its eyes. Continue reading "JuniorDepot26 – A Calm Before the Storm"

The Epic Rise and Fall of Wirecard AG – The Money Management View

Wirecard is a German company, which provides e-payment solutions. It grew very rapidly but the fall was even quicker. This case perfectly demonstrates the advantages of diversification and money management. Continue reading "The Epic Rise and Fall of Wirecard AG – The Money Management View"

JuniorDepot24 – A Gradual Recovery

Elle's timing during the Corona-Crisis was premature and lead to a significant drawdown. However, her depot recovers gradually. We accumulate cash, awaiting the 2nd wave of COVID-19. Continue reading "JuniorDepot24 – A Gradual Recovery"

JuniorDepot23 – COVID Crash impacts Elle’s Portfolio but not her Optimism

Unfortunately we (i.e. I) have misestimated the Corona-Virus impact. Elle's portfolio experiences a severe drawdown. Still we are happy that it happened in the beginning (rather than in the end) of our savings plan.
Continue reading "JuniorDepot23 – COVID Crash impacts Elle’s Portfolio but not her Optimism"

JuniorDepot22 – Portfolio Down (a bit) but Mood Up

Having lost the option to invest in ETCs and inverse ETFs, Elle is forced to concentrate on the stockpicking. So far, the result is (a bit) negative but we are quite optimistic for the long run. Continue reading "JuniorDepot22 – Portfolio Down (a bit) but Mood Up"

JuniorDepot21 – Annual Goal for 2019 is Slightly Missed due to Operational Risk

Elle, a 9-year old girl, intended to make at least €220 profit to the end of 2019. She made "only" €215.31 due to an operational mistake, caused by the interface re-design by her broker DeGiro. Continue reading "JuniorDepot21 – Annual Goal for 2019 is Slightly Missed due to Operational Risk"