2021 – capitalising on lockdown performance
After its notable success in 2020 when its portfolio ended the year 40% above its All Share benchmark the club’s 2021 meets conducted from members’ homes by computer have seen it continuing to fine tune its holdings. At the end of May the portfolio had widened the gap by another 10%. The job of maintaining and building on this very strong performance continues.
Chairman Kris Nasta reports excellent turnouts of members for the monthly meetings by Zoom and looks forward to being able to meet in person once again in Church Gate House. Kris reminds other Moleside members that those 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 the group operates.
As they always say in investment circles past performance is no guarantee of what will happen in the future – but it is just that challenge that makes involvement in the group so absorbing.
The Moleside Investment Club meets monthly to agree how to progress its actively managed, live portfolio. Its members conduct 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 2020, the group was able to take immediate benefit from the internet facilities offered by Zoom.
The Investment Group can be justifiably proud of its record of continuous operation throughout the Corona Virus Pandemic.