No changes this week as well. As I tweeted earlier, non rotational strategies like Mi50 will harbor average performers or mild laggards for much longer. So is the system design. The potential buys in the last few weeks have rocketed ahead but there hasn’t been room to accommodate them in. Oh well, you cant have it all :). It does look like i am going to build a rotational strategy soon to complement mi50.
Mi50 closed at +48.78% for the FY.
The drawdown is nearly complete at 0.82% now. The deepest we reached was almost 15%.
If you may recall in a weekend report of Jan 6th I wrote ” I am hoping for a zero DD (at 50% net gain) by budget time so that we can have the promised beer party ” . We are now very close 🙂
The budget is done and we have escaped all fears that were revolving before it. The path is reasonably clear ahead and I expect an All Time High on the market pretty soon and much higher levels in FY 1718.
Have a great weekend.