Since we did not report about Elle's progress for more than a year, the readers of letYourMoneyGrow.com might have thought that we have terminated our experiment of growing a 7 (currently 11) years young girl as an investor. Nope, not at all! As a matter of fact we worked hard on creation and test of a deep neural network for the stock (pre)selection. And it did work, our CAGR goal is (over)achieved!
Continue reading "JuniorDepot29 – (Over)archieving the Financial Plan (thanks to AI and NI)"
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"
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…"
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"
Elle's depot turned back to profitability thanks to recent exuberant market growth. We closed most of our positions and await a drop after a pretty groundless euphoria. Continue reading "JuniorDepot25 – Profitable Again"
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"
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"
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"
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"
Elle, a nine years old girl, who manages her wealth with our help, has hit (ahead of time) her target for the 2nd year: to earn at least 220 EUR.
In future she has to alter her investing strategy a little bit since on the one hand her broker DeGiro introduces flat-fee trading with American stocks but on the other hand will compensate the negative rates only upto 2500 EUR cash. Continue reading "JuniorDepot20 – Second Intermediate Goal is [Almost] Reached"