Fusion Investing Portfolio Update
The Fusion Investing Portfolio continues to outperform the S&P ASX200 index, moving out to a 19% lead in January.
The outperformance of the portfolio is attributable, at least in my mind, to my stock and currency timing during 2008. Another smaller contributor to performance was 7 of the 12 individual company buys outperforming the index. One of the reason I started the portfolio was in reply to the TMF-MDP and another blogger. Their combined insistence that dollar cost averaging and being 100% invested were not only sound, but the best investing approach drove me to put up rather than shut-up. Round one to me I believe, I hope I fare as well over the next forty. Million Dollar Portfolio is down 43.5% since inception as reported here. I’m sad to report TMF doesn’t like to let you know about their losing portfolios.
It’s a sadder picture once I’ve got my relative bragging out of the way. In absolute terms the port is down 19.3% while the index is down 37.9%.
With the near term direction of stock markets uncertain the fund has moved to a high percent index investment. The index funds will be used as a source of cash for better investments as they arise.
The major under performing asset is Great Southern TREES 2, GTPGA, which is responsible for 8% of the overall portfolio’s loss.
You can download a pdf of the current portfolio here.
The graphs above are from late last week.
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