Ian Lombard
United Kingdom
Dear copiers, followers and eToreans. The last week in February and the entirety of March have been challenging – not just for our portfolio but for all investors. During this time we've seen most of the YTD profits neutralised, and we enter April at just +1.07% in the green (YTD). It's not all bad news however. For instance $GLD (SPDR Gold) and $SLV (iShares Silver Trust) have each achieved approx 10% over the last month, and $CVX (Chevron) and $XOM (Exxon-Mobil) have each achieved approx 7% in the same period. As some of you may have seen in previous posts, I like to use some of the most popular Elite Pros as a yardstick – especially in challenging conditions. In this respect our portfolio continues to hold up well – please see attached graph showing performance over 23/24 and into 2025. Let's see what April brings – I suspect it may bring an opportunity to slightly rebalance the portfolio. Let's continue to build personal wealth together over time. All the best, Ian.
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