Dear copiers and followers. Performance update please read. π
Current YTD return 60.47%.
Here are some returns of the major indices YTD π
Dow Jones 4.04%
NASDAQ Comp 5.85%
S&P 500 6.11%
FTSE 100 8.33%
Of course the elephant in the room is if you are long predominantly US stocks and USD is not your home currency due to the collapsing dollar you are losing money year to date .
I only trade the UK market at present. Itβs where I believe I have an edge.
If you want to catch the biggest fish, then fish in the pond that nobody else is fishing in.
Two new positions added to the portfolio with huge margin of error built in. Safestore and Petershill Partners.
Safestore is the UKs biggest self storage provider and is expanding rapidly in Europe. The current share price 677p but it has a NAV of 1117p ie that is what the property is worth at market prices. It is exactly the type of business that private equity feasts on, particularly with such a big discount to NAV would be surprised if there was not a bid at some point.
Petershill Partners is the private equity arm of Goldman Sachs. The unique thing about Petershill is its business model is that it invests in private equity companies. Important to note it takes a stake in the company not the funds and earns a percentage of the fees generated from these companies. Private equity markets are expected to double in size by 2030. Share price is 229p but the underlying NAV ie the value of its stakes in all the private equity fund managers is circa 370p a share.
In summary there is huge margin of error in my portfolio.
Remember equities are a long term investment and you should not invest if you do not plan on investing in them for anything less than 5 years.
$GBPUSD$UK100$NSDQ100$SPX500$GER40... Show More
