Relevance for life
The portfolio’s fall last week had everything to do with the value of the US dollar, owing to economic and trade data worse than generally imagined. Even so, the Dexterity portfolio is almost back on the track I’d set for it pre-Covid. I’m happy.
In my opinion, USA’s economic impatience (a mix of fear and anger) will set it back further than patience would have done. Might the dollar fall further? I don’t know. Will I become anxious if it does? No, because the portfolio is invested in themes, not countries, and I judge those ESG themes are entirely relevant for my lifetime (three more decades if I’m lucky).