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Re: Lessons From Switzerland's One-Day, 18 Percent Currency Rise
Posted: Tue Jun 30, 2015 2:33 pm
by Xan
I think it does understand that quotation mark. Here, I'll C&P the text from the original article:
Economic Lessons From Switzerland’s One-Day, 18 Percent Currency Rise
There's the fancy quotation mark. I think the quotation marks (and other non-ASCII characters) didn't survive whatever conversion was done. They worked before, and they worked now, but the ones from before are mangled.
Re: Lessons From Switzerland's One-Day, 18 Percent Currency Rise
Posted: Tue Jun 30, 2015 5:20 pm
by MediumTex
Xan wrote:
I think it does understand that quotation mark. Here, I'll C&P the text from the original article:
Economic Lessons From Switzerland’s One-Day, 18 Percent Currency Rise
There's the fancy quotation mark. I think the quotation marks (and other non-ASCII characters) didn't survive whatever conversion was done. They worked before, and they worked now, but the ones from before are mangled.
So it shouldn't be a problem with new posts, right?
Re: Lessons From Switzerland's One-Day, 18 Percent Currency Rise
Posted: Tue Jun 30, 2015 5:26 pm
by Xan
Right, it isn't. As demonstrated by the apostrophe in my earlier post.
Re: Lessons From Switzerland’s One-Day, 18 Percent Currency Rise
Posted: Fri Jan 01, 2016 7:27 am
by Lang
The year is over, and here's what the Swiss PP did in 2015:
- The SPI (stock index) is up 2.68%.
- The longest Swiss government bond is up 2.4%.
- A UBS ETF invested in physical gold is down 11.39%.
- Cash is 0%.
A 4x25 portfolio would yield a 1.58% loss in 2015.
Re: Lessons From Switzerland's One-Day, 18 Percent Currency Rise
Posted: Fri Jan 01, 2016 11:35 am
by barrett
Good to see this thread revisited.
Interesting to see that the CHF ended 2015 barely changed from a year earlier. See here:
http://www.xe.com/currencycharts/?from= ... SD&view=1Y
Re: Lessons From Switzerland’s One-Day, 18 Percent Currency Rise
Posted: Tue Jun 14, 2016 8:46 am
by Lang
Lang wrote:The year is over, and here's what the Swiss PP did in 2015:
- The SPI (stock index) is up 2.68%.
- The longest Swiss government bond is up 2.4%.
- A UBS ETF invested in physical gold is down 11.39%.
- Cash is 0%.
A 4x25 portfolio would yield a 1.58% loss in 2015.
Here's a quick update on the performance of the Swiss PP so far in 2016:
- The SPI (stock index) is down 8.42% year to date.
- The longest Swiss government bond is up 23.4%.
- Gold (in Swiss Francs) is up 18.25%.
- Cash is 0%.
So the Swiss PP is up 8.3% year to date. This compensates rather well for the disappointing performance in 2015.
Re: Lessons From Switzerland's One-Day, 18 Percent Currency Rise
Posted: Sat Jul 02, 2016 2:57 am
by Lang
Swiss PP performance in first half of 2016:
- The SPI (stock index) is down 3.9%.
- The longest Swiss government bond (maturity in 2064) is up 30.6%.
- A UBS ETF invested in physical gold is up 23%.
- Cash is 0%.
A 4x25 portfolio would yield a 12.4% profit year to date. The annualized YTD profit is 26.3%.
Recall that the Swiss PP lost 1.58% in 2015.
Re: Lessons From Switzerland's One-Day, 18 Percent Currency Rise
Posted: Sun Jul 03, 2016 6:30 pm
by craigr
Lang wrote:Swiss PP performance in first half of 2016:
- The SPI (stock index) is down 3.9%.
- The longest Swiss government bond (maturity in 2064) is up 30.6%.
- A UBS ETF invested in physical gold is up 23%.
- Cash is 0%.
A 4x25 portfolio would yield a 12.4% profit year to date. The annualized YTD profit is 26.3%.
Recall that the Swiss PP lost 1.58% in 2015.
Thank you for the update. I hope you are able to watch what is going on with the EU in Switzerland with some comfort.
Re: Lessons From Switzerland's One-Day, 18 Percent Currency Rise
Posted: Mon Jul 04, 2016 11:31 am
by ILoveMoney
Lang wrote:
- The longest Swiss government bond (maturity in 2064) is up 30.6%.
Thanks indeed for the update, always interesting to see how the PP is doing in other parts of the world.
Could you tell me what the coupon rate is on the Swiss LTT? (I'm guessing its a bond from 2014?)
Re: Lessons From Switzerland's One-Day, 18 Percent Currency Rise
Posted: Mon Jul 04, 2016 11:53 am
by Lang
ILoveMoney wrote:Lang wrote:
- The longest Swiss government bond (maturity in 2064) is up 30.6%.
Thanks indeed for the update, always interesting to see how the PP is doing in other parts of the world.
Could you tell me what the coupon rate is on the Swiss LTT? (I'm guessing its a bond from 2014?)
Yup. The bond's details are:
Coupon: 2% at annual frequency.
Maturity: 25.06.2064 (48 years)
Issuance date: 25.06.2014
Yield to Maturity: -0.03%
Duration: 36.5 years.
I noticed now that a new bond was issued around 2 months ago, which has even greater duration than the 2064 bond. So perhaps it is better suited for the PP? Anyway, here are its details, for comparison's sake:
Coupon: 0.5% at annual frequency.
Maturity: 30.05.2058 (42 years)
Issuance date: 30.05.2016
Yield to Maturity: -0.04%.
Duration: 38.4 years.
Re: Lessons From Switzerland's One-Day, 18 Percent Currency Rise
Posted: Sat Jan 28, 2017 10:08 am
by Lang
Swiss PP performance in 2016:
- The SPI (stock index) is down 1.4% (up 2.7% in 2015)
- The longest Swiss government bond (maturity in 2064) is up 10.9% (up 2.4% in 2015)
- A UBS ETF invested in physical gold is up 11.9% (down 11.4% in 2015)
- Cash is 0%. (also in 2015)
A 4x25 portfolio would yield a 6% profit in 2016 (after a 1.58% loss in 2015).
However, all of the above assets, except cash, were highly volatile in 2016, going up and/or down 25% at some points. Therefore a true PP portfolio would probably need to be rebalanced during this year. I am ignoring rebalancing here.
Re: Lessons From Switzerland's One-Day, 18 Percent Currency Rise
Posted: Sat Jan 28, 2017 11:04 pm
by Libertarian666
Lang wrote:Swiss PP performance in 2016:
- The SPI (stock index) is down 1.4% (up 2.7% in 2015)
- The longest Swiss government bond (maturity in 2064) is up 10.9% (up 2.4% in 2015)
- A UBS ETF invested in physical gold is up 11.9% (down 11.4% in 2015)
- Cash is 0%. (also in 2015)
A 4x25 portfolio would yield a 6% profit in 2016 (after a 1.58% loss in 2015).
However, all of the above assets, except cash, were highly volatile in 2016, going up and/or down 25% at some points. Therefore a true PP portfolio would probably need to be rebalanced during this year. I am ignoring rebalancing here.
What does the 2064 Swiss government bond yield?
Re: Lessons From Switzerland's One-Day, 18 Percent Currency Rise
Posted: Sun Jan 29, 2017 11:40 am
by Lang
At the moment, 0.47%, but it was negative not so long ago.