Posts

Update March 2018

Allocations for February 2018 have been updated.

Portfolio gross performances in February 2018:

  • Permanent Portfolio: -2.30%
  • Momentum Portfolio: -3.20%
  • Alternative Portfolio (Singularis CTA Program): +2.21%

The NLX Portfolio for the month: -1.65%

Recommended reading for the month

Oppenheimer Funds : The Truth About Debt
The Truth About Debt

La Lime – 02/19/2018
Jouer sa peau. Asymétries cachées dans la vie quotidienne. (NN Taleb)

Mises Institute – 02/08/2018
The United States Is a Tax Haven for Global Investors…and that’s Good for America

Schwab – 02/09/2018
Market Volatility: Here’s What You Should Know

20180209 Schwab Bear-Market-Chart

Update February 2018

Allocations for February 2018 have been updated.

Portfolio gross performances in January 2017:

  • Permanent Portfolio: +1.40%
  • Momentum Portfolio: +0,00%
  • Alternative Portfolio (Singularis CTA Program): -6.48%

The NLX Portfolio for the month: -2.54%

Recommended reading for the month

Pragmatic Capitalism – 01/19/2018
Two Annoying Myths About Low Rates

Nassim Nicholas Taleb – 01/22/2018
Bitcoin, It may fail but we now know how to do it

Update January 2018

Allocations for January 2018 have been updated.

Portfolio performances for December 2017:

  • Permanent Portfolio: +1.30%
  • Momentum Portfolio: +1.40%
  • Alternative Portfolio (Singularis CTA Program): -0.56%

The NLX Portfolio for the month: +1.07%


NLX Portfolio performances for the year 2017:

  • Permanent Portfolio: +11.07%
  • Momentum Portfolio: +12.27%
  • Alternative Portfolio (Singularis CTA Program): +16.17%

The NLX Portfolio for the year 2017: +20.37%


Happy New Year 2018 !

Recommended reading for the month

None

Update December 2017

Allocations for December 2017 have been updated.

Portfolio gross performances in November 2017:

  • Permanent Portfolio: +1.10%
  • Momentum Portfolio: +0,20%
  • Alternative Portfolio (Singularis CTA Program): +3.71%

The NLX Portfolio for the month: +2.51%

Recommended reading for the month

Altegris, Sep 2017
Interest Rates & REIT Performance

Contrepoints, Nov-11 2017
Paradise Papers : 4 hypocrisies occultées par les médias

Econompic Data, Nov-28 2017
Volatility May Feel More Paintfull the Next Time Around

Medium, Nov-30 2017
The Three Economic Eras of Bitcoin

Update November 2017

Allocations for November 2017 have been updated.

Portfolio gross performances in October 2017:

  • Permanent Portfolio: +0.40%
  • Momentum Portfolio: -0,30%
  • Alternative Portfolio (Singularis CTA Program): -0.47%

The NLX Portfolio for the month: -0.19%

Recommended reading for the month

CAMBRIA Meb Faber – Oct-10, 2017
Do you pay taxes? Then avoid dividends and do this instead

A Wealth of Common Sense – Oct-11, 2017
Bond Market Bubbles Are Not What You Think

Mauldin Economics – Oct-14, 2017
The world turned upside down

Newfound Research – Oct-23, 2017
Would you invest invest in a coin flip?

Gavekal – Aug-19, 2017
I just discovered this interesting article this month.
Russia’s Role As A Global Game-Changer

 

Update October 2017

Allocations for October 2017 have been updated.

Portfolio performances in September 2017:

  • Permanent Portfolio: -0.90%
  • Momentum Portfolio: +0,30%
  • Alternative Portfolio (Singularis CTA Program): -1.61%

The NLX Portfolio for the month: -1.11%

Recommended reading for the month

Gavekal – Aug 19, 2017
Very interesting article on geopolitic, from our best French economist, Charles Gaves
Gavekal On The Coming Clash Of Empires: Russia’s Role As A Global Game-Changer

Mises Institute – Aug-28, 2017
Here is why I do not follow economical news, newspapers, TVs… and thus do not try to make links with market movements. The fact that a market moves according to what you were expecting, according to your interpretation of the news, do not mean you were right… it is just a random outcome, luckily in your favour!
Economists Are the New Astrologers

Mauldin Economics – Sep-6, 2017
Irving Fisher and Japan

Paul Craig Roberts – Sep-8, 2017
Laughing on the Way to Armageddon

Hashtable – Sep-16 2017
“Small update on the storm of liberalism in France” – In case you would wonder how looks like a “Communiste” country… here is just a few taxes (257… and some are missing).
Petit point sur la tempête de libéralisme en France

A Wealth of Common Sense – Sep-27, 2017
If You Must Invest in Commodities, Here’s How

ReSolve – Sep 2017
Using Leverage to Reduce Risk (and get killer returns!) 

Update September 2017

Allocations for September 2017 have been updated.

Portfolio performances for August 2017:

  • Permanent Portfolio: +2.00%
  • Momentum Portfolio: +0,30%
  • Alternative Portfolio (Singularis CTA Program): +4.25%

The NLX Portfolio for the month: +3.28%

Recommended reading for the month

Alpha Architect, Aug-7, 2017
Diagonal models versus 1/N diversification
“In spite of several efforts by researchers to overcome the estimation-risk problem (the use of estimate inputs based on sample information as if they were representative of the true population) which produces the so-called “wacky weights”, DeMiguel, Garlappi and Uppal (2009) present striking evidence that favors a simple 1/N naıve portfolio strategy.”

Wisdom Trading – Aug-8, 2017 (from AQR)
Trend Following – 140 years of data supports its value

TopForeignStocks.com – Aug-17, 2017
Time in the Market is More Important Than Timing the Market

Casey Research INTERNATIONA MAN – Nick Giambruno – Aug-2017
They’re Using Bernie Madoff Math to Hide a Crisis
“The government isn’t subject to the same constraints as the private sector. So it has no problem promising benefits it can’t afford to pay… Many public pensions are hopelessly insolvent. It will all be apparent in the next market downturn, which probably isn’t far off. I think we’re headed into an enormous crisis. Unfortunately, most people have no idea how to prepare…”

Mauldin Economics – Aug-23, 2017
Doesn’t Matter, Doesn’t Matter, Matters!

 

20170903-1012

 

Update August 2017

Allocations for August 2017 have been updated.

Portfolio performances for July 2017:

  • Permanent Portfolio: +1.00%
  • Momentum Portfolio: +1,00%
  • Alternative Portfolio (Singularis CTA Program): 1.50%

The NLX Portfolio for the month: +1.75%

Recommended reading for the month

None

Update July 2017

Allocations for July 2017 have been updated.

Portfolio performances for June 2017:

  • Permanent Portfolio: -0.20%
  • Momentum Portfolio: +0,20%
  • Alternative Portfolio (Singularis CTA Program): 1.34%

The NLX Portfolio for the month: +0.67%

Recommended reading for the month

TopForeignStocks.com – June 18th, 2017
Total Returns During US Equity Secular Bull and Bear 

Charles Gave – Mauldin Economics – June 21st, 2017
Secular Stagnation?

Alpha Architect, June 29th, 2017
TACTICAL ASSET ALLOCATION: DOES THE DAY OF THE MONTH MATTER?

 

Update for June 2017

Allocations for June 2017 have been updated.

Portfolio performances for May 2017:

  • Permanent Portfolio: -0.20%
  • Momentum Portfolio: +0,20%
  • Alternative Portfolio (Singularis CTA Program): +1.34%

The NLX Portfolio for the month: +0.67%

Recommended reading for the month

AlocateSmartly – May 9th, 2017
Tactical Permanent Portfolio from GestaltU and ReSolve Asset Management

Jean-Pierre Chevallier – May 29th, 2017
Free Money Supply and Growth