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.

2 5 2018 update BIST 30 AND EUR/TRY positions added

BIST 30 pulled back significantly mostly due to internal politic risks and monetary policy announcements etc.
Meanwhile EUR/TRY, USD/TRY, GOLD/TRY made new highs and pulled back.

Fictitious Monthly Interest Account #2 is closed (25.308,33TL after interest) and 10.000 TL worth of BIST30 index is added to the portfolio.
Also 15.308,33 TL worth of EUR is added to the position.


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

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

 Inıtial Target :4,25-4,3 Position will be increased around: 3,85-3,9

 

  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.

26/3/2018 Update USD Position Reduced

Despite significant global stress in Financial Markets, BIST 30 is hanging strong close to the highs.

USD/TL is testing all time highs. Therefore the position is reduced by 25.000 TL and transferred to Monthly Interest account 2. The trend looks up for the coming months. The question is the speed of the move. Next target to take profit will be 4,25-4,35 range depending on the move.

EUR/TL is also on the highs. Keeping the position for now. As long as EUR/USD uptrend continues,
will keep EURs. EUR will be closed if EUR/USD trades around 1,35 and the market is trading close to the weekly upper bollinger band.

Gold/TL is on the highs as well. Keeping the position for the longer term.

Finally BIST 30 is close to highs. Long position will be considered around 125.000 level.

Overall Summary is below. Fund is overperforming compared to USD , EUR and Interest however GOLD and BIST30 is still overperforming compared to the fund.