Tag: stocks

Oct ’25: Trim, trim & trim

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October in the markets was one of those slightly giddy months. My portfolio crossed through a big number threshold, and kept going up.

The market stats don’t quite tell the whole story. On a constant currency basis, markets rose 2.8%. Non-UK currencies (AUD, EUR, USD) rose (versus the GBP) about 1.7% too. So my weighted benchmark rose 4.6%, measured in GBP. My (leveraged) portfolio‘s rise of 5.3% is roughly in line with that.

A 5% gain in one month is pretty extraordinary, but it does happen. While October was the best month since January 2023 (+6.6%), I have had 7 better months in the last 13 years.

However, what the market stats don’t show is what it really felt like in October.

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The stocks & shares ‘property’ portfolio, one year on

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A year ago this week I sold my Modern Flat. And shortly afterwards, I reinvested £500k into a liquid stocks/shares portfolio with a property-like mandate. One year on, here’s a short review of the performance.

The portfolio has been set up to spit out £2000 pcm, which I take into general household expenses. This amounts to a 4.8% withdrawal yield on the £500k initial portfolio value.

What’s happened?

I ran out of money once, by about £100. As it happened, when that happened I ended up receiving a dividend on the 31st of the month which meant I had *not* in fact ran out of money, but by then I had already lent the portfolio the money to cover. I charged the portfolio £50 of interest costs for the trouble.

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Sep ’25: Gains continue, and I trim

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September was a busy month.

In the middle of it we saw a disruptive tube strike. I don’t use the tube that much so didn’t expect it to affect me much but two important meetings were postponed, one of which still hasn’t happened, so that event has stayed in my memory. Thank goodness for rental bikes – Lime in particular played a blinder by ‘flooding the zone’ around train stations in particular.

The evenings are drawing in. But that does afford a new view of central London – there aren’t too many of those around – at the new development at Paddington station.

I took in my first concert at Wigmore Hall, a little central London treasure that has somehow passed me by for decades.

Piano concert at Wigmore Hall, London
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