Here's an update on the portfolio's performance.
YTD Performance
Passive Portfolio: +5.62%
Vanguard 500 Index: +21.47%
(Source: Portfolio Visualizer)
The massacre in China market continues in the month of August and results in a drag on my portfolio's performance in the month of August. Globally wise, the rest of the markets are still in pretty good shapes- especially the US market. This year is turning out to be especially exceptional for the US market as the Vanguard 500 index already records a +21% growth YTD. If this trend continues, I won't be surprised if we have +25% growth by end of the year.
Historically, the month of September hasn't always been a good month for the US market so let's see if this phenomenal growth in the US market finally sees a dent in September. While the intention of creating this passive portfolio is to beat the US market, I will think that a longer duration will likely be needed....