So today the deflation imaginarium blokes have published a June update of teh fund performance.
It proceeds in pretty rosy terms, celebrating the arrival of teh long-prognosticated doom. in the following terms:
June was the month that what we have been saying since the start of the year finally hit home, the ASX fell over 8%. International stock markets fell almost 5%, cushioned, for Australian investors, by the falling Australian dollar. Our equities portfolios are set for this environment and so our tactical portfolios performed much better than the median balanced fund, which fell around 5%.Finally hitting home runs… hooray!
my peachy heart sang and rejoyced [sic] as it imagined the relief of teh long-suffering DI Fund passengers, who have finally managed to catch a break
“rat-a-tat-tat, rat-a-tat-tat” it pounded, percussively imitating the verse in Shania Twain’s you’re still teh one
Looks like we made it
Look how far we've come my baby
We mighta took the long way
We knew we'd get there someday
Giddy with excitement I scrolled past the walls of rather distracting text to get to the graphs, to see how much ground DI Passengers had made up and how far ahead they now were, with this awesome positioning for June’s long-anticipated falls
there were no relevant grpahs 😔
all i could find was a very busy table, a good portion of which was
… for some reason
…a very feint shade of gray
Lord sweet jesus! what a revelation!
In June, all ‘tactical’ portfolios showed negative returns while the benchmark was positive.
the direct shares fared a tiny bit better – int shares 0.2% less negative than the benchmark (only losing 4.5% cf 4.7%) and EZFKA shares 2.6 percentage points less negative.
blimey, if them’s the returns from the event you spent months predicting and positioning for – you can fucken keep ’em. I’d rather have a poxy monkey and dartboard as the cornerstone of the Peachy Portfolio, thanks!
turning briefly to longer term/cumulative returns, the picture was pretty sad. At least 25% below benchmarks and often 75% in the income and accumulation lines… you really cant do that without seriously misreading and misunderstanding the bond markets. like, all the time:
My poor poor pithy peachy heart…
Shania has been banished and its stuck rattling out a rancid rendition of Magna Cum Nada.