With just about everything in most of the world’s markets going down in May the Moleside Investors Club report for the month reflects just that – a portfolio with a great deal of red. But what regular followers of these charts will notice, is the slightest hint of a change in the comparative performance of the red FTSE All Share which has risen just above that of Moleside’s other benchmark the AIM index – the grey on the chart. But the Moleside portfolio continues to promise a higher return than either of the indices it has been consistently tracking.
Back in March, the Club decided to hold about 10% in cash temporarily, instead of being fully vested.
This explained the slight convergence in the slope towards those of the benchmark indices, where the market had been recovering despite the war. One investment was sold in May, at a slight profit, and time will tell whether continuing confidence in the portfolio mix during these difficult times will pay off for the club’s investors.
Around the world, markets have been showing a steady slide since September last year. That was the month which marked the end of a remarkable 2 year run for the MIC in which it increased its holdings value by 65%.
The current tragedy in Ukraine and general increases in global market prices for energy, as well as so many of life’s other essentials, mean that all investors are likely to find conditions challenging for months to come. The Moleside group’s chairman Kris Nasta remains confident that the club’s investors, managing a live and active, independent portfolio of their own design, are well placed to continue investigating and identifying the opportunities such conditions will create.
New Interest always welcomed
Any Moleside members who might be interested in joining the Investment Club are welcome to request a chance to sit in on a meeting and get an initial taste of how it operates. The Club meets monthly on the third Tuesday and business is conducted in a carefully constituted way almost always focusing on individual shares rather than funds.
Members take responsibility for making regular reports and recommendations on different market sectors or specific equities to which they give particular attention.
As we always have to be reminded in financial circles past performance is no guarantee of what will happen in the future – but it is just that reality that makes involvement in the group so absorbing.
For our earlier reports on MIC’s performance click the Tag Box.