Where do we even begin… We are witnessing history. Both in the stock market and the broader world. Countries in lockdown. Fines for leaving the house without a good reason. Cafes, restaurants, bars, clubs and pubs all closed. Sport on hold. And that’s not even the half of it. Completely unprecedented times. FUND PERFORMANCE MARCUS…
France Italy and Spain are all seeing the trend of deaths slowing down – a “Light at the End of the Tunnel” – some countries are talking about lockdown ending in less than a month at the end of April. The horrible headlines continue but we are getting numb to them because we all know…
Short Points Today – have been caught doing some media this morning. Very happy we were fully invested for the 7% rally yesterday. The best case scenario now is that we all get bored. If we do, if we get numb to coronavirus cases, if we get numb to the economic damage, the markets might…
LUCKED OUT Some fund managers celebrate a 1% outperformance of their benchmark over a year. The Marcus Today Growth SMA has outperformed its very demanding ASX 300 Accumulation benchmark by 23% in a month and is down just 6.1% from the top and that's before the bounce this morning. Most of that performance has come…
We have made our big call and have gone from 70% “out” to 81% “in” in the Marcus Today Growth portfolio. We have had a few emails about what we have bought/hold – these are always available on the PORTFOLIOS tab on the website but here is a list of our current holdings. If you…
The Marcus Today Growth SMA has outperformed its very demanding ASX 300 Accumulation benchmark by 20% in just over a month courtesy of a 70% plus cash holding. Well done us, but that’s not the point. The point is that having reduced cash from 70% to 40% yesterday, this morning we are (almost) “All in”.…
WE ARE STARTING TO BUY This is not optimsim, this is being less negative. Its a very busy morning for us, we have decided to reduce our massive cash position of 70%. We are taking it down to 40%. Bit short but I wanted to get the main message to you before the market opened.…
Our market down over 400 points on the open (8%) TODAY’S CONCLUSION – Not buying although the “Don’t buy anything” message will become more unsophisticated as every day goes past. We have to be slightly smarter than that because I guarantee you, at some point the tone of this is going to change, improve and…
Back on February 21st, we wrote of the need to be careful as snipers about. We had compared the market during reporting season to a bloody futile charge at enemy lines during WW1. One by one of the star stocks was being picked off. Back on February 21st, we wrote of the need to be…
