Sweat Your Assets Monthly Digest - November 2024

1. Quotes of the Month
2. Latest Posts
3. Market Barometer
4. Podcast
5. YouTube Channel

Here we are, almost at the end of 2024. 

It is time to briefly reflect on what we have accomplished - small and big 

achievements alike - despite any curving ball that life threw this year. It is also time to look forward and choose our game plan and goals for next year! 

I checked my 2023 November Newsletter and noticed I have recently nailed the 2023 New Year's resolution of "investing" in more active time outdoors. 

In 2024 I moved to Norway, embracing the local FRILUFTSLIV (open-air-life) concept. A healthy and intentional lifestyle is the backbone of both health and wealth. 

Affording that is a worthy financial goal that I plan to strengthen in 2025!

So, what about you? If your finances are in a good place - and this year´s capital market gave us many wealth-creation opportunities to achieve that - this coming month can provide an excellent opportunity to cherish this year's hard work and gear up for new projects in 2025!  

1) SWEAT YOUR ASSETS - QUOTES OF THE MONTH

• Simple but Powerful Math. Warren Buffett's first rule of investing? Never lose money. His second rule? Never forget rule one. This isn't clever wordplay - it's the mathematics of success. A 50% loss demands a 100% gain to break even. FS 
• Entrepreneurship. Hustle until your haters ask if you are hiring. Anonym
• SWEAT. Sweat is the cologne of Success. Heywood Hale Broun

3) MARKET BAROMETER - November 2024

An eye view of My Stock Market products and Indicators:

• VIX (volatility Index): 13.06. (-1.67 YTD). It is relatively low. Good sign. 
• S&P500 P/E: 27.27. Considering the last 5 years, an average P/E interval is [18.82 - 23.16]; it is considered expensive.
• S&P500 (US Equity): 6,000. (+27.99% YTD). This month, it reached historical records.
• VWCE: (World Equity) EUR 136 (+27.10% YTD). 
• BND: (US Bond) USD 73.31 (+0.13% YTD).
• VNQ:  (US REIT) USD 95.52m (+7.41% YTD)
• GLD: (Gold) USD 244.83 (+.28.11% YTD)

Comment: what a month. America has chosen its president. So far, the markets have welcomed Trump. While the equity market is strong worldwide, given the performance of ICT American companies, a US-biased portfolio still appears like the winning bet. 

Outside my primary Indexed portfolio, EXOR stock (+4% YTD) this year suffered due to Stellantis but was compensated by the strong performance of Ferrari. Investor AB had an excellent year (+30 YTD). IRM (REIT data center) has an AI tailwind (+72% YTD). An Angel Investment entry in my portfolio is an Indian Fintech start-up—more about it next year.

Until next month, 

SWEAT YOUR ASSETS

Alessandro Baroni

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