July 2023
ASX
Growth Portfolio: +2.57%
WTT: +1.08%
ASX Momo: -0.92%
ASX Momo PLUS: +8.13%
ASX Swing 0.00% (discontinued)
US
HFT: +4.60%
US Momo: +7.39%
MOC: -6.8%
DTVI: +3.47%
Managed Account
Multi: +5.70% (net of fees)
For a variety of reasons, health being one (nothing overly serious), I’ve decided to make a few changes to my SMSF exposure and simplify the daily workload
1. I have discontinued all short-term ASX trading. There is simply too much divergence from backtest to real-time to make this worthwhile from a performance and time constraint. I was happy to plug along at a lower exposure, but quite frankly, I’ve come to the conclusion the added workload under the current circumstances is not worth it.
2. The MOC strategy continues to frustrate. I copped 4 large earnings revisions during the month that took the strategy from profitable to loss. 4 trades out of the several hundred done to flip the result suggest some further work or justification on this portfolio is needed.
3. I have also decided to lower the volatility in my SMSF as I approach 60. I have spent the month consolidating all the various SMSF accounts into one single account. I will now allocate my full SMSF to the new All Weather portfolio that I have been developing over the last 12 months. For the benefit of others, I’ll write a little more about this portfolio shortly. The 4 strategies that I had been using in the SMSF (Growth Portfolio, Weekend Trend Trader, and the Managed Account – which consisted of the US Momentum and another ASX Momentum strategy, have been moved into other entities)
