In this post I shortly explain the SIA-style Pension Portfolio end-of-month rebalancing.
For a detailed description of recent market events that drove bonds, equities, commodities and FX in July please check my other post about GLP.
The rebalance
The usual monthly injection of $1k was used to purchase GLD. The reason is that Gold bullion just made new all time highs this week. I expect more upside in the future. SPY and EEM holdings did not change (still keeping just under 20% in equities). TLT – also no change.
Portfolio holdings are traded at the closing price on the rebalancing day presented by www.morningstar.com (which may differ from official closing prices given by appropriate stock exchanges).
Current structure of the GLP can be found on Portfolios page.
Total Personal Return since inception (TPR) of GLP as of close 31st July 2020: +7.2%.
Next update in a month.
Yours,
PC
