๐ธ ๐ ๐ข๐ก๐ง๐๐๐ฌ ๐จ๐ฃ๐๐๐ง๐ ๐ธ
๐ ๐ผ๐ป๐๐ต ๐ฏ๐ญ โ ๐ก๐ผ๐๐ฒ๐บ๐ฏ๐ฒ๐ฟ ๐ฎ๐ฌ๐ฎ๐ฏ
๐ข November Performance: a GAIN of 9.93% ๐ข
What a surprising month.
After several months of poor market returns, with our benchmark, the S&P 500 declining each of the past three month, November brought some much-needed relief.
The S&P 500 erased all of the previous three monthsโ losses, delivering a gain of almost 9%.
European markets also performed well with Germanyโs DAX index up over 9% and Frances CAC 40 index up over 6%.
The only disappointing market was the UKโs FTSE 100 which managed a gain of just 1.8%.
Our portfolio didnโt disappoint, beating our benchmark with an almost 10% gain during November.
Our largest collective contributors were the stocks in the semiconductor sector, with Nvidia up almost 15% and Synopsys up over 25%. Cadence was also up almost 14% during the month.
Another standout performer was $FICO (Fair Isaac Corporation), up over 28% in November.
Our technology stocks were mixed. Microsoft (up 12%) and Motorola (up almost 16%) performed exceptionally, both outperforming the Nasdaq 100. However, our other technology stock, Fortinet, underperformed and ended the month down 8%. It was our largest detractor by value.
I didnโt make any changes to the portfolio in November but I do continue to review my stock allocations.
November performance:
Performance of our portfolio: 9.93% ๐ข
Performance of the ๐ฆ&๐ฃ ๐ฑ๐ฌ๐ฌ: 8.92% ๐ข
Performance of the ๐ก๐๐ฆ๐๐๐ค ๐ญ๐ฌ๐ฌ: 10.67% ๐ข
๐๐ฎ๐ฟ๐ด๐ฒ๐๐ ๐ ๐ผ๐ป๐๐ต๐น๐ ๐ ๐ผ๐๐ฒ๐บ๐ฒ๐ป๐๐:
Top contributors: $NVDA (NVIDIA Corporation), $MSFT (Microsoft), $SNPS (Synopsys Inc), $FICO, CDNS
Top detractors: $FTNT (Fortinet Inc)
Iโve included a chart displaying the current composition of the portfolio as at the end of 30th November 2023.
The monthly factsheet is also available on my website: www.jamiemarc.com/factsheet.php
Regards,
Jamieโ... Show More
