Here’s another week of lockdowns but not too much has changed from last time. As we continue to evolve this process, there are now new spreadsheets to help us control what’s happening. One of them will help us present an overall Summary view of our progress which currently tells us there is a -0.3% loss. Given the challenges we had getting things started, the initial costs incurred when you buy into investments, and the problems currently facing local and global markets, this is probably quite reasonable. The real benefits come after we have “sowed the seeds” for the future – it’s generally unlikely that it will instantly grow and bloom into something great overnight. Of course, a year usually does provide a better length of time to ride the seasons out and anything is possible by December 2021. You can download the spreadsheet here.
This is the latest from Interactive brokers account. We suffered some losses from Qantas and Carnival Cruises being affected again by Covid fears but these will obviously survive and bounce back one day.
The Bell Direct holdings now includes the addition on A2 Milk. They are a very strong company with high cash levels and recovering from the Chinese government import bans by gradually diversifying their sales to other countries. We obviously hope they can double in price from the $7 price over the next year as that is still lower than the $19 high they reached before the intervention. Naturally, they have a high quality product which is still very much in demand and there are many other countries that still don’t even know this exists. The Fund managers returns are still very ordinary as they also need time to produce results hopefully by December too.
Meanwhile, the cryptocurrencies continue to suffer from general disinterest again as governments succeessfully discourage investors and individuals. Of course, I believe the tide will turn back some day and it will only become news when it rises again but by then it will be too late for the average person who gave up. Hopefully that’s when we will be celebrating!
