It’s the 4th week of January 2020 now and we are starting to get a picture of how the portfolio may fare in its first month of 2020 against the overall market.
The portfolio performance achieved an overall +9% gain for the same month this time last year when the overall market rose +4%.
We’ve not seen such large moves so far this January. The overall portfolio performance is up +2% and the market is up +1% at time of writing. One might feel obliged to blame it on brexit or somewhat. Personally speaking, i’m not too fussed about identifying a reason.
A 2% gain would match what we saw in January 2017, a year where we finished up +39%. And it is far better than the -4% the portfolio suffered in January 2018.
For me the most important benchmark is to beat the market. Something the portfolio manages to historically achieve for at least 8 of the 12 months of the year. In some years doing so 12 out of 12 months.