Compound Income
  • Blog
  • Scores
    • Subscribers Scores Access
  • Portfolio
    • Table of Returns
  • Resources
    • Check list
  • About
  • Contact



CIS Portfolio 2016 Year End Update.

5/1/2017

0 Comments

 
Happy New Year and welcome to 2017. I don't know about you but as an investor I'm quite glad to see the back of 2016 as on the whole at the headline index level returns were good it was not an easy year for investors generally with all the twists and turns and volatility. Indeed with all the noise and fear around it would have been easy for investors to panic out at the bottom or waste time and money trying to hedge, although no doubt some super clever market timers or traders with very focussed portfolios may well have done extremely well if they timed all that perfectly.

With that said I'm pleased to be able to report that the Compound Income Scores portfolio (CIS) had another positive month in December with a total return of +4.15%, although this lagged slightly behind the return of 5% for the month from the FTSE All Share which I use as a benchmark.

For the year this left the CIS up by 4.34% but this was way behind the 16.75% produced by the FTSE All Share, although the portfolio is still ahead of the index by 9.5% since inception or a little over 5% per annum on an annualised basis based on the short 1.75 years so far.
In absolute terms it has produced a total return of 21.05% since inception which works out at 11.5% per annum on an annualised basis. This may not seem that spectacular but I would regard it as satisfactory against the real returns of 5 to 6% which have been seen from investing in UK Equities over the very long term. This is a figure I would use to judge my own performance in the long run as my own portfolio and that of the CIS differs substantially from the headline FTSE indices.

On performance comparisons and Benchmarks I note what Ed Croft on Stockopedia had to say in his NAPS annual review and his thoughts about an equally weighted benchmark, which would be pretty easy to do, so I hope they do go ahead and introduce those. Aside from that I also note that his random set of 100 portfolios of 90+ Stocks on the Stockopedia stock ranks did between -5% & +5%, see histogram below.

Picture
One other crumb of comfort I take in this years performance is this report which says that Neil Woodford and his highly popular income fund underperformed the FTSE All Share index by 13.56% with a total return of 3.19%. So at least I can say the CIS Portfolio beat Neil Woodford on a one year view. This just bears out the point that any portfolio which is markedly different from the index in terms of its make up will be likely to diverge from it significantly in both directions - that is to be expected. So overall while the returns seem a bit disappointing this year on the face of it, I take some comfort from the above and I don't get too hung up about performance relative to the benchmark in individual years as it is a marathon and not a sprint.

As to 2017 my crystal ball is a bit frosted up at the moment, but at least for now it seems that investors are giving Trump and his policies the benefit of the doubt and seem to be discounting a pick up in growth and inflation which may or may not be helpful to equities depending on the extent of it. They do however seem to be ignoring some of the risks to World trade and the potential for further protest votes against other political regimes in the year ahead, but as ever time will tell. For now it seems an economic slowdown in the US has been postponed and the market timing indicators I follow are still positive, so it seem sensible to keep calm and carry on investing in equities. Good luck with your investing in 2017.

Finally please note this report and these returns are based on the Compound Income Scores which are designed to help identify attractive income growth stocks  and an associated portfolio. These are a subscription based, although they are currently closed to new subcribers. If you would like to add your name to the list for when they are next available for subscription then please get in touch using the contact form.

Picture
0 Comments



Leave a Reply.

    RSS Feed

    Archives

    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    August 2019
    June 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014

    Categories

    All
    32Red
    Aberdeen Am
    Admin
    A G Barr
    Airtel Africa
    Alliance Pharma
    Alternative Telecoms
    AMEC
    Amino Technologies
    Amlin
    Anglo Pacific
    Ashtead
    Asset Allocation
    Auto Trader Group
    Barclays
    BA Systems
    BATS
    Behavioural Finance
    Bellway
    Berendsen
    BHP Billiton
    Bloomsbury Publishing
    Bodycote
    Books
    Bovis Homes
    BREXIT
    Britvic
    Caledonia Mining
    Capital Ltd.
    Catlin-group
    Central Asia Metals
    Centrica
    Character Group
    Churchill China
    Cineworld
    City Of London Investment Group
    Clarkson
    CMC Markets
    Commercial Property
    Compound
    Computacenter
    Connect Group
    Croda
    Currencies
    Demographics
    Diageo
    Diploma
    Directors Dealings
    Dividends
    DotDigital
    Easyjet
    Economics
    Emerging Markets
    Emis
    Empiric Student Property
    Etfs
    Fairpoint
    Ferguson
    Ferrexpo
    Finsbury Foods
    Food Retailers
    Forterra
    Games Workshop
    Gateley
    Go Compare
    Goid
    Greene King
    GSK
    Hargreaves Services
    Hays
    Headlam
    Hedge Funds
    Hikma Pharmaceuticals
    Hill & Smith
    House Builders
    Howden
    HSBC
    IG Group
    IMI
    Imperial Tobacco
    Indivor
    Inflation
    Insurance
    Intermediate Capital
    Interserve
    Investec
    Investment Trusts
    It
    ITV
    James Halstead
    Jarvis Investment Management
    JLT
    Jupiter Fund Management
    KCOM
    Kingfisher
    Legal & General
    Lloyds Bank
    Luceco
    Macfarlane
    Maintel
    Man Group
    Market Timing Indicator
    Market Valuation
    Marston's
    Matchtec
    Media
    Merlin Entertainment
    Micro Focus
    Mining
    Mitie
    Miton Group
    Moenysupermarket
    Mondi
    Moneysupermaket.com
    Morgan Sindall
    Music
    National Grid
    N.Brown
    News
    Next
    Nichols
    Norcros
    Oil
    Page Group
    Paypoint
    Pennon
    Persimmon
    Personal Finance
    Pharmaceuticals
    Phoenix Group
    Photo Me
    Photo-Me
    Plus500
    Podcasts
    Polar Capital
    Politics
    Polymetal
    Portfolio
    Portmeirion
    Provident Financial
    PZC
    Qinetiq
    Ramsdens Holdings
    Rank Group
    Reckitt Benckiser
    Renewable Energy
    Renew Holdings
    Renishaw
    Research Papers
    Restaurant Group
    Retailers
    RIO
    RM Group
    Rolls Royce
    RPC
    RPS
    Safestore
    Sage
    Sainsburys
    Savills
    Schroders
    Scores
    SCS Group
    Sell Discipline
    Shareholder Yield
    Share Picks
    Short Interest
    Somero
    Spectris
    Sprue Aegis
    SSE
    Stock Spirits
    Strix Group
    S & U Plc
    Sureserve
    Sylvania Platinum
    TalkTalk
    Taptica
    Tax
    Technology
    Telecoms
    Tobacco
    Trading Ideas
    TSB
    TUI
    UK Market Update
    Ultra Electronics
    Unilever
    Utilitywise
    Value
    Victrex
    Vodafone
    VP.
    Water Utilities
    Watkins Jones
    WH Smiths
    William Hill
    Wynstay
    XL Media
    XP Power
    Yield
    Zytronic

    googleda4a17cac6d02bb9.html
    File Size: 0 kb
    File Type: html
    Download File

Powered by Create your own unique website with customizable templates.
  • Blog
  • Scores
    • Subscribers Scores Access
  • Portfolio
    • Table of Returns
  • Resources
    • Check list
  • About
  • Contact