- As at end June, I am +13.8% for the year, roughly matching the FTSE AS at c.12%. It has been far more volatile than is usual. Pre-Fed comments on tightening sooner than the market expected, I was up closer to 20%.
- The portfolio is 3% geared at present. I am open to increasing gearing if I can find the right opportunities, but at the same time reluctant to whilst markets are close to all-time highs and there is a lot of irrationality about.
- In money terms, the portfolio is more than double where it was at the end of 2019. This means that where once my standard transaction size was 2.5%, it’s now under 1.25%. Particularly now I am in more volatile stocks, this makes investing/holding harder.
For further details see:
H1 2021 Review / Portfolio +13.8%