PERFORMANCES FIRST 11 MONTHS

I was quite busy with private life in these last weeks, therefore I just limited myself writing on Twitter, but didn't update performances on the blog, neither wrote my view on markets.
So far, 2017 had mixed performances, with most defensive models that could finish slightly negative for the first year.
Other models have positive returns so far
Below the year to date chart and the monthly table

Again, as someone asked me and I have already wrote in the past, I repeat that these are theoretical performances calculated assuming a purchase of ETF benchmark at the end of the month. 
Therefore the real strategy ETF return will be lower (bid/ask, trading fees and ETF manager cost).
By the way, at the beginning of 2018 I'll post the return of three Bloomberg portfolios, using real price with ETF listed in Milan, purchasing at the closing price of the first day of the month. Performances are good so far.

December allocation

These are the December allocations.
Briefly I'll post the performance year to date

November Allocation

October Allocation

These are the monthly allocation for October.
It increases equity allocation

September Allocation & Monthly/YTD performances

Hello,
this month I post the allocations with delay, just for tracking record, because I returned from my holidays.
I visited for the second consecutive year the island of Crete, in Greece. That's amazing.
I rented a car and visited some places I couldn't reach the past year. For example, this year I spent one day in Elafonisi, one of the best European beach. I still have to download my pictures in the pc, therefore here you can see a picture taken from Internet.

But let's go to the blog's topic. I am going to post the allocations for this month and, as well, the performance.
August was a good month with all models positive. For September, the most defensive models switched from € High Yield bonds to Inflations bonds. This type of bonds appeared in other models as well.

You can see below allocations and performance.
Have a nice month

MONTHLY AND YEAR-TO-DATE RETURNS

SEPTEMBER ALLOCATIONS

Models - July and YTD performance

Another month is over and it was a positive one.
After seven months, all models are positive year to date. I have to point out that, because of August Allocation in € HY for August, models 1-2 are suffering this month (all models are in red so far, but these 2 are the one with a small ytd gain)

I'll post an update around mid September. I won't be able to update the September Allocation at the beginning of the month as usual because of personal issues, therefore I post it later just as tracking
Enjoy August, I could post some market considerations if I find the time before end of month

August Monthly Allocation

NOTE: In September the allocation will be published with strong delay (around mid-month) because of personal issues.