mc2fool wrote:GoSeigen wrote:Here's the list in no particular order but the five largest positions by current value are marked with an asterisk, each approx 9-11% of the total.
*Artemis US Select Class I (Acc)
ES AllianceBernstein Sustainable US Equity Fund I (Acc) Fidelity Emerging Markets Class W (Acc)
Fundsmith Equity Fund Class I (Acc)
GCP Infrastructure Investments Ltd (GCP)
HICL Infrastructure Company (HICL)
*JPMorgan Global Bond Opportunities C (Acc)
*LF Brook Continental European P I (Acc)
Liontrust UK Smaller Companies I (Acc)
*M&G Emerging Markets Bond Class I (Acc)
*Royal London Sustainable Leaders C (Acc)
SVM UK Opportunities Institutional Class B (Acc)
Well (shock!) look at
that!
That's a but cryptic for me but I assume you mean the portfolio performance is no surprise given the performance of the highlighted components?
scotia wrote:The Total returns of the 5 largest (plus a Vanguard Developed World Tracker ETF for reference) are shown below
Thank you @scotia, that helped me figure out some initially incomprehensible tables in the report which have a number of columns labelled "Qrt" with numbers 1-4 which I initially assumed meant quarter but I now realise are quartiles.
2022 was certainly a difficult year for all assets and particularly for bonds, but IMO you should not have been holding bonds by 2022. It's hard to compare my portfolios' performance over the same period because my recording is rather lazy these days. I have an overall valuation at Nov 2021 (vs Aug 21 when my mother's capital was invested) and a figure for today, so that is also a two year period, but not quite overlapping; my portfolios show a gain over the two years of about 6%, with net drawdown totalling about 7%, so conservatively 6%pa growth.
6%pa is by no means impressive but is a rather better than 9%pa losses IMHO!
Also, I use cheap brokers
so the frictional cost to me is close to zero, whereas the expensive, superior services my mother is using seem to be costing her some 1%pa whether the portfolio grows or not -- which is something of a headwind.
I'm not sure where I'm going with all this musing other than to wonder how much of this is done in her interest and how much is funding the fancy cars or boats. (We made do with a Skoda Fabia, a solid family vehicle
.
GS