Performance
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The returns posted above are indeed YTD. The 1 year on tech is 108%
In regards the next 12 months, no one knows what the score board will say. I am highly confident that the businesses we discuss here will be doing better then than they are now. Over time, growth translates to higher valuations. You only need to look at any number of stocks on 30 March cf today-what has changed? The business is almost exactly the same but investors are willing to pay, in some cases 35% and in one case 150% more, 6 weeks later.
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Well done Adam and team! I really appreciate your updates and insights and do read them even if I may not reply much on this forum. Do you still publish a full list stocks that are included in the tech portfolio?
Cheers!
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Hi C,
Nice to hear from you. I'm happy to generally discuss our main holdings but we don't publish everything. The historical performance being what it is.
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Another nice little bump today too, you often hear about people celebrating when their investments outperform their earnings in a set month, but it comes to something when your investments outperform your yearly salary in a set month. Obviously they'd dropped a little in March/Early April and have since rallied significantly, but has made for an interesting period.
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Hi Steve,
Yes Tech and Lifestyle are both at all-time-highs +34.31%/21.9% YTD. And whilst the upward momentum was bringing many stocks back in line with their business performance, the pace and gradient of the ascension is quite something. It's a case study is not trying to time the market.
Volatility is still in play as investors will profit-take and ponder their next move(traders) but I want to say that unlike many listed assets, we are not running sky high multiples, the AMDs at 60 fwd, the Palantirs, Crowdstrike types (PEs to the moon) imo these are the bubbles.
Our average PE is probably 20 and that matters imo. Nvidia report next Wednesday and I have no doubt their numbers will be very strong.
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From my 'this year low' at the end of March it's been incredible!
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Another nice little bump today too, you often hear about people celebrating when their investments outperform their earnings in a set month, but it comes to something when your investments outperform your yearly salary in a set month. Obviously they'd dropped a little in March/Early April and have since rallied significantly, but has made for an interesting period.
@SteveRutter said in Performance:
... it comes to something when your investments outperform your yearly salary in a set month.
That happens to me very regularly. Perhaps it's because I don't have a salary ....
