Tracking Results Q1 2021

 See about how i track results here

  The first quarter of 2021 was pretty static .I made a positive return but that was very marginal. Most of my returns came from Macys  appreciation and facebook steadily going up, but that was offset by the substantial losses i got from increasing my position in Pireus Bank which 2 months after increasing my position announced share capital increase . That's another lesson of how careful someone should be when buying banks, price to book ratio which is one of the most loved ratios when buying banks can leave you with a false feeling  of confidence  that you have a big margin of safety.  Asset quality is very important and in the environment that banks work  where capital requirements can change any time,they may force banks quickly change their leverage profile ,even if  banks  have returned to profitability, they may  be forced to do big clean ups in their balance sheet at the expense of shareholders. 

Equity: 12 working Salaries (money i have contributed to the market till now)

Closed positions:

Paperpack Manufacturer (PPAK) : + 65.7 %
Public Power Corporation (DEH): + 65.19
National bank of Greece(ETE): + 99.89%
Pireus Bank: +64.61 %

Profit from closed positions: 4,8 working salaries.


 Portfolio: 
 My Portfolio now  consists of 6 stocks. 

2 Greek stocks: Tpeir (Pireus Bank) and Alphabank.
2 energy stocks: Gulfport Energy (a natural gas upstream company) and Gazprom the biggest natural gas producer in the world 
Lastly i have Facebook and  Macy's.

  In the following  graphs i list the stocks By weight, Country and Sector-industry





 
Total Loss: 2  working salaries

Year on Year monthly  passive income:  - 69% of  monthly working Salary

 2021 1st Quarter Results (monthly adjusted): 5% of monthly working salary  every month

 ROI   ↓ -15.5%  ( This is the total returns i got from my net contributions since i have started investing in the market)

 

Performance Comparison
 
4rd quarter
My portfolio: 1.31%
S&P: 6.18%

1 year
My portfolio:13.75%
S&P: 56.36%

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