My goals for each quarter are as follows:
- For my net loan to shrink by £10k per quarter, without any margin calls.
- Maintain investment income of at least £Xk
- Closely track my target asset allocation
Category: Investment returns
My portfolio performance – June 2016 – Brexit
What a miserable month. Or so you’d think from all the media commentary post the Brexit referendum. But was it so bad, for those of us measuring results in pounds, actually?
Clearly the big event was the UK deciding to leave the EU. Or rather, deciding that it doesn’t want to stay in the EU under the current arrangements. Politically the UK has descended into ultrashambles. But FTSE is approaching its all-time peak, closing June above 6500, and S&P was almost exactly flat.
What else happened in June? Who cares… or that’s what I feel like as the Brexit vote ramifications sink in. We won’t forget June 2016 in a hurry, football fans or not.
Continue reading “My portfolio performance – June 2016 – Brexit”
My May 2016 portfolio returns
I’m cheating slightly, and capturing my May returns on the 29 May, during the UK’s holiday weekend. This leaves out the last trading day of May, Tuesday 31/5. In effect this means that 31/5 will become part of my June 16 returns, so it will catch up with me.
May has been pretty uneventful from an investment perspective. The FTSE-100 index stayed at around 6300, and S&P remained close to 2100.
What else happened in May?
- The Brexit referendum campaign started to feel like it is the Remainers’ to lose. Certainly the economic argument feels settled. This leaves the sovereignty and immigration arguments still to play for, along with the foibles of random news events and turnout on the day.
- At the time of writing nothing else of note appears to have happened in May, whatsoever.
