09 April 2023
By Maynard Paton
Happy Easter! I trust your shares have enjoyed a positive start to the year following the rough conditions of 2022.
A summary of my portfolio’s first quarter:
- Q1 return: +1.9% gain* (FTSE 100: +3.6% gain).
- Q1 trades: None.
- Q1 winners/losers: 6 winners vs 4 losers (1 unchanged).
(*Performance calculated using quoted bid prices and includes all dealing costs, withholding taxes, broker-account fees, paid dividends and cash interest)
I will gladly take a 1.9% gain for this Q1 after the 23% mauling I suffered last year. My portfolio now requires ‘only’ a further 28% advance to revisit its all-time high from December 2021.
Company RNSs were generally very acceptable during the quarter. Dividends were held or raised and thankfully no profit warnings emerged. As always I am hopeful a mix of respectable competitive positions, capable managers and asset-rich balance sheets will steer my portfolio through whatever the markets may bring.