The portfolio returned 0.55% in October. YTD stands at 21.96%.

September felt like a hole. The sheet said −0.89%. October felt like it finally moved. The sheet says 0.55%. Same rule both times. September felt worse than the sheet’s −0.89%.

Since the shift from 100% dividends to roughly 70/30, the yearly value chart is the only scoreboard that counts. It shows exact kronor and percentages, without memory and without mood. The standing version of that mix is here: From 100% Dividends to 70/30.

The S&P 500 has risen November–February in each of the last four years. Midterms are next Tuesday. The conflict in the Strait of Hormuz is not over. No Swedish government yet. The krona is more volatile. I am not counting on an automatic rally. Post-Midterm Volatility and Our 70/30.

The chart stays. It is the only thing that does not have an opinion.