October’s monthly performance across all my listed investments was -0.76%. YTD of 7.00%.
Top 5 company holdings: $MEGP, $CAML, $INPP, $MEX, $RIO. The REITS income fund has ended the month down 2.36%. My GOLD and SILVER ETC holdings were down 0.13%.
I work out my monthly performance on the 6th of each month and had I done my numbers this morning I would have been up because the market was great, but this afternoon it really tailed off as the US market opened and hit new all time highs along with the dollar shooting up on Trump winning the USA election. Also UK gilts continued to edge higher as markets lose faith in the Liebour governments budget last week.
Speaking of the budget, I wonder whose economy will grow the most over the next few years…
🤦♂️ UK is increasing taxes, increasing the burden on business, attacking wealth and wealth creators.
❤️ USA is reducing taxes, decreasing burden on business and encouraging wealth and wealth creators.
… it’s a mystery. 😂
It’s going to be tough out there for UK companies who mainly trade within the UK so I will probably have to switch my focus onto more international companies and those with exposure to the US markets… that said the USA is at all time highs and has serious debt problems so its not unthinkable that it experiences some market volatility even with Donald Trump back in charge and some business common sense back in the White House.
Comments