The G&W portfolio fell 1.74% in October; the benchmark fell 0.35%.
*Returns are pre-tax, include franking credits, and assume dividends are reinvested. The SPAX2F0 is simply the total return of the S&P ASX200 Accumulation Index adjusted to include any franking credits received. N.B. I do not account for cash in the portfolio. The net result is that my returns are somewhat overstated (though I am nearly always close to fully invested).
In October, I added two new names to the portfolio. The first, Yotai Refractories (TYO:5357), is a statistically cheap Japanese stock which is also held by Michael Burry's Scion Asset Management. The second is a company in Singapore which I won't disclose as I may purchase more shares.
There was very little movement otherwise. Some of my Australian holdings reported their full-year results, and the news was overwhelmingly positive. Many of the stocks I hold are exceptionally cheap at current prices, which puts me in good stead for the coming months.
August 3, 2017
|
October 31, 2019
|
Since July 1, 2019
|
Since Inception
|
Annualised
| |
G&W Portfolio*
|
1.0000
|
1.4005
|
-1.60%
|
40.10%
|
16.20%
|
Benchmark (SPAX2F0)
|
61,250.80
|
80,871.57
|
3.57%
|
32.03%
|
13.18%
|
*Returns are pre-tax, include franking credits, and assume dividends are reinvested. The SPAX2F0 is simply the total return of the S&P ASX200 Accumulation Index adjusted to include any franking credits received. N.B. I do not account for cash in the portfolio. The net result is that my returns are somewhat overstated (though I am nearly always close to fully invested).
In October, I added two new names to the portfolio. The first, Yotai Refractories (TYO:5357), is a statistically cheap Japanese stock which is also held by Michael Burry's Scion Asset Management. The second is a company in Singapore which I won't disclose as I may purchase more shares.
There was very little movement otherwise. Some of my Australian holdings reported their full-year results, and the news was overwhelmingly positive. Many of the stocks I hold are exceptionally cheap at current prices, which puts me in good stead for the coming months.
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