Four months in and still going strong, it’s more like a saving money project at the moment.
Progress after contributions.
Portfolio End July: -0.44%
Portfolio End August: 1.03%
Portfolio End September: 0.46%
Portfolio End October: -0.14%
These are time weighted and not money weighted. I’ll look at better ways to analyse returns later in the project, or maybe I don’t even have to. I am tracking this on a spreadsheet, but it’s more about the robotic, regimented progress than anything else.
There is one issue I have noted. Somehow I’ve managed to almost always buy at the peak of the month. This has the potential to undermine me or any other investor investing in a similar way. When you’re more aware of the incremental market movements there is the potential to look to exploit them. In the back of my mind I know that this portfolio would otherwise be in a 2-3% positive position just by buying a week either side of where I did.
This is a discipline project, but knowing you’ve missed those kind of gains can be frustrating.
Disclaimer: The discipline project is a personal endeavour and should not be constituted as a financial strategy that anyone should follow. It is more a study in repetition and shutting out the noise in pursuing a financial goal, than any focus on portfolio construction. Anyone looking to build a portfolio should seek financial advice to find out which strategy is right for them, if you are seeking financial advice then you should consider one of Australia’s best financial advisors who may be able to help you identify your goals and put in place a reliable strategy to pursue them.
