The portfolio on this website has been more or less defunct for the whole of this year. Since I got a job, I thought it best if I didn't trade with it until I better thought about how to run an online portfolio and be employed by an offline one - there are obvious conflicts of interest, after all. Still, yesterday I realized it was coming up to what would have been the third 'New-Year' review... and I thought it'd be interesting to run it anyway. Call me sentimental - carry on the portfolio in absence of any changes, just as I left it.
You can see the results above. Since starting this blog three and a half years ago, the portfolio returned 140%, or an annualised rate of 28.4%. The FTSE AllShare, over that timeframe, has been broadly flat. We're also more or less flat on a year ago today, which ruins the annualised growth rate a bit, and makes the graph a lot less sexy!
Reading back through my articles, you'd be forgiven for thinking that the vast majority of this rather credible performance is due to luck. I wouldn't disagree - though I would note that it was luck tempered with the fortune of stumbling onto an investment strategy that consistently outperforms the market anyway. If you only pick stocks from a quantitatively cheap end of the market, as I did over the last few years, you're likely to outperform even if your qualitative analysis adds little value. I suspect that's very much the case with me, reading back.
I've figuratively liquidated the portfolio and put the cash into my hypothetical bank account, save for one company - Quarto - which I should say I continue to hold in my offline portfolio, too. I hope I'll be able to add to this rather undiversified collection of assets (cash & one stock!) with some additions over the next few months, though I'm not in a rush. The additions are likely to be of a larger-cap - and more global - nature than before.
Thanks for reading what is now the fourth year of my experiment. I genuinely hope that I look back in two years with the same perplexitude (you were buying WHAT?!) as I have just done compiling these figures!