Magic Hat Portfolio: a little update

After yesterday’s horrendous fall, the FT350 is now lower than it was when I first started the MHP (Magic Hat Portfolio) in February 2011. So nine years out, and the FT350 has returned a big fat zero. Less than zero, in fact.

A similar situation arose in 2016. The FT350 is not at its lowest point since then., though. The nadir happened in October 2011, where the FT350 has declined amost 20%.

Fortunately my stock selections themselves are in positive territory, having returned an annualised growth of 6%. That excludes dividends. A few months ago the growth rate was about 10%.

Let’s see what the future brings.

Stay safe out there.

About mcturra2000

Computer programmer living in Scotland.
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