I mentioned a couple of weeks back about the measures I use to give me a view on how I am actually doing with my portfolio. As I said at the time I use a fairly tough benchmark to measure my performance against:
FTSE All Share TR: epic : ASX.TR
Fundsmith Equity T Acc: epic: FUEQUI: manager Terry Smith
Marlborough Special Situations: epic: FMCIAL: manager Giles Hargraves
Henderson Smaller Companies IT: epic: HSL: manager Neil Hermon
I should say that I don’t take particular notice of overall portfolio performance on a daily or even weekly basis; in fact, I probably am a touch laid-back in my tracking and find that monthly is about right for my personality. Everybody is different and as such variety makes the world an interesting place but as I say for me, monthly is about exciting enough.
Having said that, I do keep a very close eye on company announcements and sieve through items of interest every morning at 7:00am before heading off to the swimming pool for the daily mile ahead of breakfast. I don’t tend to look at market movements until about 9:30 or even 10:00 that is unless an earlier RNS has prompted some portfolio action on my part.
Back to measures; I use two time frames. Firstly a rolling 12 months performance and secondly a financial year to date performance. Just to give a flavour of how this looks, I have listed the stock whittler portfolio performance against the various benchmarks/comparators for the rolling 12 months, 30/11/14 to 30/11/15 and FT to 30/11/15:
Stock Whittler portfolio:Rolling 12 months +14.2%: FY to 30/11/15 +11.2%
FTSE All Share TR: Rolling 12 months +0.64%: FY to 30/11/15 -3.2%
Fundsmith Equity T Ac Rolling 12 months +13.8%: FY to 30/11/15 +7.4%
Marlborough Spc Sit: Rolling 12 months +19.3%: FY to 30/11/15 +15.2%
Henderson Sm Co’s IT Rolling 12 months +21.5%: FY to 30/11/15 +13.0%
Whilst I am very happy to be ahead of Fundsmith over the two periods, it is still a challenge to get close to the excellent Marlborough Special Situations and the Henderson Smaller Companies IT. Targets in my view should always be challenging and these two are indeed a challenge.
I do hold an appreciable lazy investment in Fundsmith and also a modest investment in both the Marlborough Special Situations and Henderson Smaller Companies IT. The above performance of my Stock Whittler portfolio excludes any contribution from the three funds/IT mentioned above. I appreciate that that my portfolio may be leggy by some investors standards with usually around 40 stocks held but it keeps me amused.
I don’t anticipate updating performance on a regular basis, I just though a flavour of my approach may be of interest.
Cheers for now.
Welcome to my Blog Page - I hope you find my whittling on to be of some interest. I am a private investor who is happy to share thoughts on the market and individual stocks. Please remember that I am definitely not offering tips or investment advice.