30 June 2020
By Maynard Paton
I trust your shares have recovered during the last three months.
A quick summary of my portfolio’s second-quarter and year-to-date progress:
- Q2 gain: +7.8%*
- Q2 trades: None.
- YTD loss: -0.9%* (FTSE 100: -16.9%**)
- YTD winners/losers: 3 winners vs 9 losers
(*Performance calculated using quoted bid prices and includes all dealing costs, withholding taxes, broker-account fees and paid dividends. **Includes reinvested dividends)
I am thankful the news from my shares during Q2 was relatively positive. In particular, four of my holdings declared dividends — which seems encouraging given the numerous payout suspensions witnessed of late.
Mind you, I did not escape the dividend cancellations entirely. One of my shares sadly scrapped its payout after admitting the pandemic had led to weaker sales and operating losses.
Just how the market will fare from here is impossible to say. I did not buy during the March lows and remain 25% in cash… so I am naturally hoping the bargains have not dried up just yet!