Q3/2020 Results

Not that much has changed compared to previous quarter. Global economy is mainly dominated by still ongoing COVID-19 pandemic and BLM protests in US as they prepare for presidential elections. There were ups and there were down during the quarter. Index level recovery has been surprisingly quick one. Personally my portfolio is still down mainly due to the heavy REIT allocation. Lately I’ve been holding back a little bit as the elections are likely to provide some turbulence together with second – and third – corona wave.

Dividend income before taxes during Q3 was 871,88 EUR (Q3/2019 1 206,75 EUR). Corona is clearly showing but not too badly. Impact was way clearer during last quarter as the Euro dividends have been cut or postponed especially in financial sector.

Recent Buy: CapMan

Tiny maintenance purchase with 25 shares of CapMan bought for 1.98 EUR per share to keep the streak going. Strict cash balance reservation didn’t allow bigger purchase this time around. Let’s see how the market moves in coming weeks. I might dip into my reserves if we see bigger moves.