Moleside Investors finish 2020 in great shape
Careful and detailed research backed by the wealth of investment experience amongst its members has helped the Moleside Investment Club deliver a strong financial performance in a year which has produced new challenges for all club members on so many other fronts.
The chart shown to the club at its meeting on 15 December makes clear how favourably the progress of the Moleside portfolio compares with the performance of its All Share Index benchmark.
Speaking at the final meeting for this year of the 20 member group, Investment Chairman Kris Nasta welcomed the steady progress the club had made throughout the last 12 months, but emphasised that in such uncertain times things could so easily “be brought back to earth pretty soon”.
As they always say in investment circles past performance is no guarantee of what will happen in the future – but it is just that uncertainty that makes involvement in the group so interesting.
The Moleside Investment Club meets monthly to agree how to progress its actively managed, live portfolio. Before the impact of the virus its members conducted their business in a carefully constituted way always focussing 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.
When the UK went into lockdown at the end of March, it was able to take immediate benefit from the internet facilities offered by Zoom.
So it is one of the Moleside special interest groups whose activities have never been seriously interrupted by Covid19.
The Investment Group can be justifiably proud of its record of continuous operation throughout the Corona Virus Pandemic.