Yesterday was the last trading day of the year, so it's time for a portfolio update.
The month was a good one for the portfolio and the benchmark, which were up 3.24% and 1.81% respectively. The markets have continued their steady rise upwards. Speculation is rife: more and more people are "investing" in cryptocurrencies, or the "growth story" stocks trading on sky-high multiples. If this trend continues, the portfolio is almost certain to fall further behind the benchmark over the short term. In periods like this, I simply hope to keep up; when the benchmark performs poorly, I hope to do better. Over the long term, I expect such gains will result in an above-average performance.
I added one new stock this month, bringing the total to six. Of these six stocks, five were net cash as of June 30. If these five stocks were bundled together and sold at current market prices, the buyer would find 38% of his purchase price in the company tills and bank accounts.
August 3, 2017
|
December 31, 2017
|
Since Inception
|
Annualised
|
|
G&W Portfolio
|
1.0000
|
1.0675
|
6.75%
|
17.23%
|
Benchmark
|
61,250.80
|
66,215.65
|
8.11%
|
19.72%
|
The month was a good one for the portfolio and the benchmark, which were up 3.24% and 1.81% respectively. The markets have continued their steady rise upwards. Speculation is rife: more and more people are "investing" in cryptocurrencies, or the "growth story" stocks trading on sky-high multiples. If this trend continues, the portfolio is almost certain to fall further behind the benchmark over the short term. In periods like this, I simply hope to keep up; when the benchmark performs poorly, I hope to do better. Over the long term, I expect such gains will result in an above-average performance.
I added one new stock this month, bringing the total to six. Of these six stocks, five were net cash as of June 30. If these five stocks were bundled together and sold at current market prices, the buyer would find 38% of his purchase price in the company tills and bank accounts.
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