My portfolio balances at close of trading on 31st August were:
|Ticker||Price (C$)||Price Change||Percentage||Industry|
|S&P Fund||$ 97.99||-3.07%||14.8%||US Equity Fund|
|Bond Fund||$ 209.04||1.14%||28.6%||Bond Fund|
Overall my portfolio is down 1.96% since last month, despite additional cash contributions. Without these cash contributions the portfolio would be down 3.00%.
For comparison the index is down only 0.13%, the DOW is down 4.36% and the TSX is down 1.37%.
The major factor this month was a large and unexpected retreat on all major stock markets caused by US and European debt troubles, and the surprise downgrade of US debt. The S&P500 (^GSPC) was down 13% at one point during the month, and the TSX (^GSPTSE) was down 8%. Indices rallied before the end of the month and, without this rally, my losses would have been far worse.
In mitigation, gold has performed very well: my gold fund is up over 13%. My bond fund performed well too, and is up 1.14%.
Key stocks that performed especially poorly are:
- Canadian Oil Sands (COS.TO), down 10%
- Goldman Sachs (GS), down 12%
- Manulife (MFC.TO), down 12%
- CAD$ = 1.0213 US$
- Thoughtful Investor Index = 96.97