Published: 13 April 2026 · Marco Bozem, MB Capital Strategies · Not investment advice.
1. Portfolio Value March 2026 — Close to €100k
€95,738. For me, that number is clear proof: the strategy works. For over a year I have been consistently building positions in hard assets — shipping, upstream oil, mining, pipelines. No growth bets, no leverage, no speculation. Real assets, real cash flows.
The move from February (~€85,000) to €95,738 was not luck. March was the month where Brent pushed above $100, gold climbed past $3,000, and shipping rates recovered. That is exactly the environment my portfolio is built for.
| Portfolio Value March 2026 | €95,738 |
| Portfolio Value February 2026 | approx. €85,000 |
| Change Month-over-Month | +€10,738 (+12.6%) |
| YTD Performance | Strongly positive (details in video) |
| Main Drivers | Energy, Mining, Shipping |
| Next Milestone | €100,000 |
2. March Dividends — Cash Flow from Hard Assets
March is one of the stronger dividend months in the portfolio. Several positions pay out in March — upstream energy producers, diversified miners and shipping names. The exact amounts, yield on cost (YOC) figures and where each payment came from are all covered transparently in the video above.
I track yield on cost (YOC) — what my original invested capital actually returns today, regardless of current market price. For positions I built early, YOC is well above 8% — my quality threshold. Anything below that needs to show either growth potential or gets reviewed. March confirmed: the model generates cash flow even in volatile markets.
3. Sector Performance — Who Delivered in March
My portfolio has four core sectors: shipping, upstream oil & gas, mining/hard assets and pipelines/midstream. Each performed differently in March.
- Shipping: Höegh Autoliners remains my largest position. Car-carrier rates are structurally firm. The fleet-renewal cycle from automakers is intact.
- Upstream Oil & Gas: Brent above $100 is a windfall for upstream producers with break-evens below $50. My NCS positions and international upstream names benefited clearly.
- Mining / Hard Assets: Gold above $3,000 was the driver. Mining positions reflected that. Diversified miners ran strongly.
- Pipelines / Midstream: Steady income, no drama. Exactly what they are supposed to do.
4. New Purchases in March — What I Added
In March I was selective on the buy side. At pullbacks I added to positions I want to hold long-term. My criteria: YOC potential ≥8%, cash-flow-covered dividend, break-even well below current market prices.
All purchases are covered transparently in the video — entry price, weighting and reasoning. No secrets, no hype. Just numbers.
5. Market Environment March 2026 — What It Means for Hard Assets
March 2026 was not a normal month. Oil above $100, gold at all-time highs, tanker rates recovering, geopolitical tension around Iran and the Strait of Hormuz. That is the exact environment I had in mind when I built this portfolio.
- Oil: Brent above $100 with sustained supply tightness (OPEC+, Iran risk). My upstream positions stay attractive as long as Brent does not fall sharply below $70.
- Gold: ATH above $3,000 confirms the supercycle trend. I hold my mining positions.
- Shipping: Car-carrier rates structurally firm. Tanker rates recovering from Q4 lows. Höegh Autoliners stays core.
- Dividends: Q2 brings several quarterly payments. Cash flow planning for April, May, June is set.
6. YOC Tracking — How My Cash Flow Grows
The metric I track internally is the weighted average YOC of the full portfolio. For this I use Parqet — it shows at a glance what my invested capital actually returns today, not distorted by price movements.
The logic: if I invest €1,000 today and receive €90 in dividends per year, my YOC is 9%. If the dividend grows to €100, my YOC rises to 10% — on my original cost basis. That is compounding in pure form.
📊 Portfolio Tracking with Parqet
I track my dividends and YOC development with Parqet — free, clear and with tax reporting. For anyone who wants to track their dividend portfolio professionally:
Start Parqet Free (Affiliate*) →*Commission for me at no extra cost to you
7. My Conclusion — Close to €100k
🔍 InvestingPro for Deeper Analysis
For fundamental research on upstream names, mining and shipping I use InvestingPro — fair value, cash flow checks and peer comparisons:
Try InvestingPro (Affiliate*) →*Commission for me at no extra cost to you
Disclaimer: This article is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or an offer to buy or sell any security. All information provided without guarantee. Act on your own responsibility.