You are right of course, although we have progressively increased our cash
holdings this year, bought crypto , gold and others including Diageo the first
of which have done reasonably well.
Without doing an overall detailed analysis, as you suggest it is difficult to
be precise but that is a much bigger exercise. I think however that if we had
reinvested in better yielding stocks than on my list, the overall result for
the period from Jan 2019 to date would have been very much better than it has
been.
....good to see Simec is up nearly 30% since yesterday morning though !
Best regards
Richard
Sent from my iPad
On 11 Aug 2020, at 14:51, Neil Cosburn (Redacted sender neil.cosburn for
DMARC) <dmarc-noreply@xxxxxxxxxxxxx> wrote:
Richard
Having given this some further thought overnight I think there is a problem
in drawing any conclusion from this analysis as it doesn’t track what we did
with the proceeds of the sales.
If we have reinvested the proceeds into stronger performing companies then we
have done exactly the right thing in selling, though if those new investments
underperformed those we sold then we do indeed have a problem.
Best regards
Neil
On 10 Aug 2020, at 11:55, Richard Soar (Redacted sender soar for DMARC)
<dmarc-noreply@xxxxxxxxxxxxx> wrote:
<Shares sold 2019_20.xlsx>
