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Portfolio: Changes in Premium Momentum Portfolio – Apr 2020


It seemed like the month with no end. We did three rebalances through the month reducing equities first to 40% and then to 20% of the portfolio. At the same time, we added Gold and Debt and about half the portfolio in cash.

Chart shows performance for the month. Reducing equities and adding gold helped keep our drawdown to under half that of the overall market. We were down -13% when we did our last update on Mar 23rd, so we've regained just a little bit of lost ground. Nothing to get excited because we need to do +13 . . .

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