What is The Paper Mandate?

Funds management is great. It sits at the intersection of economics, international trade, politics, and human psychology. Trying to solve this “puzzle” is an unending and enjoyable task.

The Paper Mandate is my attempt to solve that puzzle,

I am putting my professional acumen to the test with a $1,000,000 paper portfolio.

The goal is to deploy this capital in a disciplined experiment against the ASX 300 benchmark. I have chosen the ASX 300 because it includes the mid-caps and the illusive small caps.

This project is more than about picking “winners” but to manage the portfolio appropriately, and with rigor. I will manage position sizing, cash levels, liquidity, and sector allocation as if this capital were real. I won’t have the luxury of new capital injections, $1m is all I get. Mirroring the capacity constraints of real fund managers.

The “Fund” is an All-Cap contrarian strategy, looking for companies that the market has mispriced or overreacted to the market news. The portfolio will not be constrained to be specifically Value or Growth (because who says value names can’t grow).

While I will be aware of the global and local macro-economic environment, I want to focus on the underlying company fundamentals. Short term gyrations in the market provide opportunities to invest in solid companies.

Now, I will make mistakes. The point is to recognize them quickly, act, and document the lesson for improvement.

I invite you to follow the investment research and decision-making process, whether the charts are green or not so green.

Disclaimer & Disclosure

Not Financial Advice

All content published on The Paper Mandate is for informational and educational purposes only. Nothing contained in the posts, emails, or comments constitutes investment, legal, or tax advice. I am not a financial advisor, and the views expressed here are strictly my own.

Paper Trading & Simulations

Any trades, portfolios, or strategies discussed on this platform are part of a simulated paper trading project.

• These are not real money transactions.

• Past performance in a simulation is not indicative of future results in real markets.

• Virtual trading does not account for the emotional or financial risks associated with actual investing (such as slippage, liquidity issues, or capital loss).

Risk Warning

Investing in financial markets involves a high degree of risk. You should never invest money that you cannot afford to lose. Before making any financial decisions, please conduct your own due diligence and consult with a certified financial professional.

I’m sharing my process and how I go about investing in a simulation for the sake of the project.