Chicken Little Portfolio Performance May 2017

In May 2017, the Chicken Little Portfolio gained 0.95% while the Dow Jones Industrial Average gained 0.73%. Overall financial markets remain forgiving; every asset class tracked by Chicken Little is having a great year.

One piece of news for Chicken Little -- the first purchase of ethereum and other cryptocurrencies.

Chicken Little has entered the world of cryptocurrencies

May 2017 performance

Chicken Little gained almost a percent in May because of an increase in the price of long-term US Treasury bonds.  

May 2017YTD 2017
Chicken Little0.95%2.66%
Dow Jones Industrials0.73%7.31%

We continue to live in a fantasy land where all asset prices go up without any significant pullbacks.  Among the major asset classes tracked by Chicken Little, stocks outside the US had the best month in May, and have had the best year so far. 

AssetSymbolMay 2017YTD 2017
Dow Jones IndustrialsDIA0.73%7.31%
Non-US StocksEFA3.54%14.43%
Emerging Market StocksEEM2.85%17.68%
US Long-Term BondsTLT1.87%5.27%

June 2017 portfolio positions

Chicken Little hates the Fed. Perhaps it was inevitable that a critic of fiat currencies would eventually purchase cryptocurrencies. Chicken Little has made a first, probing investment in ethereum, bitcoin, and other cryptocurrencies.

At the peak, one tulip bulb cost more than a nice house in Amsterdam

I will discuss the motivation for buying crypto more fully in the future. For now, I will say that my two main beliefs are: i) cryptocurrencies are real. They are not the 21st century versions of Dutch tulip bulbs, and ii) we are very early in the investment cycle in cryptocurrencies.

As of June 1, 2017, Chicken Little is long US Treasuries with a good amount of cash, and a tiny amount of cryptocurrencies and stocks. 

Previous month's report                           Subsequent Month's report

Chicken LittleDow Jones Industrials
2017 (through end of May)2.66%7.31%
2015 (April through Dec)-2.49%-0.27%
since inception (3/31/15)-1.82%24.23%

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