|Why did the polar bear|
cross the road?
The background was that the month of June had been particularly punishing, with a substantial drop in value of the portfolio (4.3%) - so I logged out of my computer at the beginning of our family holiday with some concerns about whether this precipitous fall in market values would continue.
So, after finally crunching the numbers, the results are in: but how did the portfolio do without my expert fine-tuning and daily monitoring?
Those of you who are invested in similar securities will know already: the markets have staged an amazing summer rally, and the portfolio has recovered nearly all the value lost in June with a surprising leap of 4.4% in just two weeks.
That is obviously a relief to me - and hopefully all readers have had a similarly positive experience over the period.
What is sobering is that this has happened without any intervention by myself. This is interesting, as it is completely unthinkable that I would have avoided monitoring the portfolio (and potentially tinkering with it) for such a long period, under normal circumstances. It is just luck, I suppose - but it gives me some hope that the philosophy behind the portfolio may make it fairly robust under most market conditions.
The amazingly warm UK weather was also another pleasant surprise - long may it last!
However, having come back behind the keyboard, I have noticed that one of my shares had a flashing 'sell' sign and I have netted a profit of one-third: but more about that in another post.
The tinkering has begun again...
I am not a financial adviser and the information provided does not constitute financial advice. You should always do your own research on top of what you learn here to ensure that it's right for your specific circumstances.