How did your portfolio fare this year?
Finweek English|12 December 2019 - 15 January 2020
If some of the stocks in your portfolio underperformed in 2019, there is no need to be alarmed. Do your year-end review to determine whether this is an aberration or a trend and take the appropriate action.
Simon Brown
How did your portfolio fare this year?

This year has been a good one for investors, with the US markets leading the way. The S&P 500 has returned over 20% and extended its decade-long bull run. Locally, our returns are not as impressive. But we have managed to get into double-digit returns – including with dividends – after many years of flat returns from the JSE.

Unless you’re holding an exchange-traded fund (ETF) issued over one of these markets, these are theoretical returns as they’re indices. So, if you run your own portfolio of individual stocks, your mileage may vary, and it may vary substantially.

Personally, my portfolio of individual stocks is a little behind the Top 40’s return and part of my yearend portfolio review needs to look into why I have underperformed and whether I should be worried.

The big driver locally in 2019 has been commodity stocks and, in particular, single commodity miners such as Impala Platinum (Implats). And I don’t hold any single commodity miners in my long-term ‘til death do us part’ portfolio.

Denne historien er fra 12 December 2019 - 15 January 2020-utgaven av Finweek English.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra 12 December 2019 - 15 January 2020-utgaven av Finweek English.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

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