OLTB's Passive, IT and Small Cap Portolio - 2nd anniversary
Posted: September 2nd, 2019, 10:50 am
Morning all - here are the depressing results - Passive first:
The XIRR for the past 12 months has been 3.30%. I have topped up four of the holdings over the past 12 months when they fell in percentage terms to the others.
3.30% growth is probably at the inflation rate and I am only up in capital terms because of an employer pension contribution that allowed me a top-up.
Investment Trust and Small Cap portfolio:
I also hold Bankers (BNKR) and Caledonia (CLDN) as generalist IT's
I don't know why, but I included my ITs and Small caps together to calculate XIRR last year so thought it best to do the same this time. XIRR for the last 12 months was -5%
This was driven mainly by the small caps that have been very volatile (as I suppose they would be, being small caps). One of them (Tarsus) was bought out which gave a 30% return on purchase price. I am down a long way on capital on these small caps so will not be doing any more - lesson learned, it's not for me. I will hold on though and won't sell and force a capital loss - you never know, they might be bought out in the future.
My IT/small cap portfolio is at 53% of where I need it to be by 2033 and my passive portfolio is at 52% of where it needs to be. So, I have 14 years (I think) to double my capital + allow for inflation in order for me to roughly be where I would like to be. If I keep going like this, there will be little chance of retiring when I would like to, so I think I need to concentrate on building a reliable IT base, before thinking of anything else.
Cheers, OLTB.
The XIRR for the past 12 months has been 3.30%. I have topped up four of the holdings over the past 12 months when they fell in percentage terms to the others.
3.30% growth is probably at the inflation rate and I am only up in capital terms because of an employer pension contribution that allowed me a top-up.
Investment Trust and Small Cap portfolio:
I also hold Bankers (BNKR) and Caledonia (CLDN) as generalist IT's
I don't know why, but I included my ITs and Small caps together to calculate XIRR last year so thought it best to do the same this time. XIRR for the last 12 months was -5%
This was driven mainly by the small caps that have been very volatile (as I suppose they would be, being small caps). One of them (Tarsus) was bought out which gave a 30% return on purchase price. I am down a long way on capital on these small caps so will not be doing any more - lesson learned, it's not for me. I will hold on though and won't sell and force a capital loss - you never know, they might be bought out in the future.
My IT/small cap portfolio is at 53% of where I need it to be by 2033 and my passive portfolio is at 52% of where it needs to be. So, I have 14 years (I think) to double my capital + allow for inflation in order for me to roughly be where I would like to be. If I keep going like this, there will be little chance of retiring when I would like to, so I think I need to concentrate on building a reliable IT base, before thinking of anything else.
Cheers, OLTB.