Asset Allocation May 2009
Just in case you wondered… This is my current asset allocation (excluding real estate and debt) in this current troubled times. Just a tiny increase in gold - buying gifts for my wife ;-))):
Cash or equivalent: 88%
Equity (EM): 7%
Gold: 5%
Currency-wise:
USD: 50%
Euro: 34%
UK Pound: 16%
Thinking to dump dollars. With so much printing going on there, it’s [...]
Asset Allocation
Just in case you wondered… This is my current asset allocation (excluding real estate and debt) in this current troubled times:
Cash or equivalent: 90%
Equity (EM): 7%
Gold: 3%
Currency-wise:
USD: 50%
Euro: 34%
UK Pound: 16%
I am thining to add on Gold, but definitely not US equity - if anything, I would short them.
Sphere: Related Content
Volkswagen and the free market
Here’s something interesting. At an intraday high of 1,005€ (it was trading around 200 just a few days ago), Volkswagen has been for a few minutes the biggest company in the world for market capitalization. A whopping 380bn$. For a car-maker!!! Why this?
Pretty simple. The whole hedge fund world was short VW because it was [...]
The 1.8 trillion dollars bailout
CNBC has made an interesting analysis on the US government bailout of the financial crisis.
It’s not just 700bn$, more like 1.8trn$. Quick laundry list:
700bn$ recently announced plan to buy assets from bank
150bn$ MBS purchase by Fannie and Freddie
85bn$ for AIG
90bn$ in repayment to JPM for Lehman
200bn$ for Freddie and Fannie
300bn$ for FHA
200bn$ of currently outstanding [...]