01 October 2020
By Maynard Paton
I trust your shares have performed well during the last three months.
A quick summary of my portfolio’s third-quarter and year-to-date progress:
- Q3 gain: +4.4%*
- Q3 trades: None.
- YTD gain: +3.4%* (FTSE 100: -20.2%**)
- YTD winners/losers: 4 winners vs 8 losers
(*Performance calculated using quoted bid prices and includes all dealing costs, withholding taxes, broker-account fees and paid dividends. **Includes reinvested dividends.)
The news from my shares during Q3 was generally satisfactory in the circumstances.
Among my holdings releasing results during the quarter, two reported lockdown-lowered profits that were complemented with promising director recovery talk. One holding meanwhile lifted its dividend 11% and another announced a very unexpected special payout.
After making no trades during the second quarter, I did not buy or sell during this latest quarter either. Never before since starting this blog during 2015 have I refrained from adjusting my portfolio for six months.
How companies will fare as the pandemic continues is still impossible to predict. I remain 25% in cash and hope a few obvious bargains may one day appear.
Read moreQ3 2020: Up To 85% Returns From Boring Old Dividends