7 8 2018 USD Position Reduced

Mostly due to politicial tensions with USA, Turkish Lira lost significant value against other currencies.

Target for USD/TL is reached overnight, thus reducing the USD position by 12.855,18 TL and adding it to fictitious Monthly Interest account #1.

USD position will be kept at these levels for the mid term due to uncertainty. 

EUR/TRY  will be kept at these levels for the mid term due to uncertainty. 

BIST 30 first target is around 123.000-125.000. 

 Initial Target :LONG TERM hold 

To summarize: Fund return in TL is now over Interest return and BIST 30 since inception (15.09.2015). With the recent spike up, USD/TRY-EUR/TRY, GOLD/TRY return is better than the fund  return at the moment.

12 7 2018 BIST 30 Position Increased

Turkish Stock Market has been heavily sold due to political situation in Turkey.

Monthly interest account #1 is closed and bought 5.312,51 TL worth of BIST30.  Market is at a major support level. First target is 123.000-125.000.

USD/TL will be kept at these levels for the mid term due to uncertainty. Next target would be around 5,45.Position will be added around 4,5-4,55.

EUR/TRY  will be kept at these levels for the mid term due to uncertainty. Next target would be around 6,35. Position will be increased around: 5,20-5,25.

 Initial Target :LONG TERM hold /  Position will be increased around: 170-175

To summarize: Fund return in TL is now over Interest return, BIST 30, EUR/TRY and USD/TRY returns since inception (15.09.2015). Only GOLD/TRY return is better than fund  return at the moment.

6/6/2018 BIST30 Position Increased

Turkish Stock Market is under pressure due to elections and a possible credit score downgrade.
Monthly interest account #1 is reduced to 5.233,99 TL  and bought 20.000 TL worth of BIST30. First target is 130.000-135.000.

USD/TLnext target revised to :4,8-4,9. Position will be added around 4,4-4,45.

EUR/TRY  Next Target :5,85-5,9 Position will be increased around: 5,10-5,15

 Initial Target :LONG TERM hold /  Position will be increased around: 165-170

To summarize: Fund return in TL is now over Interest return, BIST 30, EUR/TRY and USD/TRY returns since inception (15.09.2015). Only GOLD/TRY return is better than fund  return at the moment.

22 5 2018 EUR Position reduced

TL continues to lose value against USD and EUR.
EUR/TL hit the next target at 4,4746. 
15.978,72 TL worth EUR is exchanged to TL and allocated to monthly interest account #2.

EUR/TRY  Next Target :5,85-5,9 Position will be increased around: 5,00-5,05

USD/TLnext target :4,75-4,8. Position will be added around 4,1-4,15.

Target : Initial target 135. 000-140.000. Position will be increased gradually if the market will go down further, to around 115.000-110.000.

 Initial Target :LONG TERM hold /  Position will be increased around: 165-170

To summarize: Fund return in TL is now over Interest return, BIST 30, EUR/TRY and USD/TRY returns since inception (15.09.2015). Only GOLD/TRY return is better than fund  return at the moment.

15 5 2018 USD Position reduced

TL continues to lose value against USD and EUR.
USD/TL hit the next target at 4,45.
12.104,01 TL worth USD is exchanged to TL and allocated to monthly interest account #3.

USD/TLnext target :4,75-4,8. Position will be added around 4,05-4,1.

Target : Initial target 135. 000-140.000. Position will be increased gradually if the market will go down further, to around 115.000-110.000.

EUR/TRY  Initial Target :5,45 Position will be increased around: 4,85-4,9

 Initial Target :LONG TERM  Position will be increased around: 162-165

To summarize: Fund return in TL is now over Interest return, BIST 30, EUR/TRY and USD/TRY returns since inception (15.09.2015). Only GOLD/TRY return is better than fund  return at the moment.

9 5 2018 BIST 30 position increased

BIST 30 came down to the target. Thus position is increased by 7.858,31 TL cash from fictitous Monthly Interest Account #1.

USD/TRY and GOLD/TRY making new highs.

Graphs are below:
Target : 145. 000 Position will be increased gradually if the market will go down further, to around 115.000-110.000.

USD/TLnext target :4,45-4,5. Position will be added around 4.

EUR/TRY  Initial Target :5,45 Position will be increased around: 4,75-4,8

 Initial Target :LONG TERM  Position will be increased around: 162-165

To summarize: Fund return in TL is now over Interest return, BIST 30, EUR/TRY and USD/TRY returns since inception (15.09.2015). Only GOLD/TRY return is better than fund  return at the moment.

4/5/2018 Update USD first target reached

USD and EUR had a strong rally against Turkish Lira.
USD position is reduced by 9604,45 TL.
5.000 TL is allocated to BIST30 , rest is allocated to fictitious Monthly Interest account #2.


Below are the graphs and notes:

USD/TLnext target :4,45-4,5. Position will be added around 4.

EUR/TRY  Initial Target :5,45 Position will be increased around: 4,75-4,8

Target : 145. 000 Position will be increased if the market will go down further, closer to 121000.

 Initial Target :LONG TERM  Position will be increased around: 162-165

To summarize: Fund return in TL is now over Interest return, BIST 30, EUR/TRY and USD/TRY returns since inception (15.09.2015). Only GOLD/TRY return is better than fund  return at the moment.