Happy New Year to any readers out there. It's that time of month again, so here's the portfolio update.
The G&W portfolio was down 0.74% this month and trailed the benchmark (-0.45%).
The G&W portfolio was down 0.74% this month and trailed the benchmark (-0.45%).
August 3, 2017
|
January 31, 2018
|
Since Inception
|
Annualised
| |
G&W Portfolio
|
1.0000
|
1.0597
|
5.97%
|
13.04%
|
Benchmark (SPAX2F0)
|
61,250.80
|
65,918.88
|
7.62%
|
16.66%
|
Spicers, my largest position, is thinly traded and prone to frequent price fluctuations. This month it finished at 0.034, down 2.85% for the month. (It should be noted that this was after a 5.56% drop today — the final day of the month — for no apparent reason.) These fluctuations are of no consequence and, while my performance may be rocky, I expect Spicers to do substantially better than the broader sharemarket over a reasonable period.
I did not do any buying or selling during the month. I have found a few attractive situations where I may be able to put capital to work in future — but more work needs to be done before any dollars are put down.
I did not do any buying or selling during the month. I have found a few attractive situations where I may be able to put capital to work in future — but more work needs to be done before any dollars are put down.
