If we pretend it’s not there, that means it’s not there, right? Right?
The SWI (Swiss Watch Index) which just a week ago was at $58.23, has jumped to $59.79. This is getting depressing. The watch that cost $50 and CHF50 a year ago, now would cost me $59.79 if I bought it for CHF50 today. The dollar is falling out of bed and no one is talking about it. [see illustration]
As for the MPI (Model Portfolio Index), while it is down badly, it is not keeping up with the decline in the dollar and and the DOW and other indexes were down much more than our index today.
The MPI did not beat the DOW today, but did increase somewhat. It was down 4.91% last week, now is down7.26%. BTW, total annual dividends for this portfolio sum to $120.48, so expected dividends don’t even cover the loss, so far. Isn’t this fun?