Last week was not so fortunate. Most investment groups did not manage to get positive returns and only a few were able to beat the S&P500. It was quite a tough week, with global indices dropping. Whereas the AEX hit 457 points 1.5 weeks ago, it closed below the 440 points last Friday. Yes, that is how quick it can go indeed. Last week the AEX dropped 1.59% (since the last ranking), the S&P500 dropped 1.12%, the FTSE went -1.09% and the Nikkei lost 5.07%
When looking at this week’s ranking, Next Generation captures the attention right away. Their bet on the earnings of Facebook skyrocketed after Facebook reported earnings that were better than expected. Their position in a turbo long made them 2000 euros within one day. This event makes them currently ‘the best investor of B&R Beurs’. Primus had a less fortunate week. The insecurity about the Brexit is what Primus wanted to profit from. Their turbo short with leverage 32 on GBP/USD went completely south. Even though they learned from the academy, Forex trading continues to be incredibly hard, since it is dependent on so many macro factors. In this particular example, the Brexit will complicate the matter even more, as there is no really clear view on what will happen to the UK and the British Sterling in case the Brexit takes place. In addition, Primus’ turbo short with leverage 6 on Netflix did also go in the opposite direction they hoped for.
Phoenix is currently to be found at the bottom of the ranking. They have a well-diversified portfolio, but their portfolio contains only losing positions. When will they cut their losses? Or will they wait for a reversal? Oakmont made a smart move. In times of insecurity, investors flee to safe havens where they will be sure of a (lower) return on their investment. Examples of these kind of safe havens are bonds and gold. Oakmont went long in the latter. The Market Vectors Junior Gold Miners ETF to be precise. Let’s hope that next week will be more positive! See you next week!
Written by Mees Heeringa