It was October 2016 when I last made a lot of changes to our portfolios. Back then I changed our focus to begin to hold mainly individual UK listed shares in our investment portfolios.
This change was ushered in following the Brexit vote. With many of our long-standing overseas funds looking too good to be true following the UK’s currency devaluation, I figured all overseas funds would suffer the future headwind of Sterling gradually strengthening.
Since then the Pound has strengthened marginally, and most of our U.K. shares have done what I expected of them. Some have lost, some have won, some won big, some lost big. The chart below shows the performance of our Moderate Portfolio since we made the changes in October 2016. Overall we have won, and our returns have been higher than those of our peer group. (More about this later) Continue reading “Spring Clean”