December 2017 Performance Update.
This week, I had a look at my performance over the previous year. All in all, I’d call the year satisfactory (although others mightn’t!). I underperformed primarily due to a position in a single stock that comprises approximately 10% of my portfolio. Encouragingly, dividends from that company continue to increase (and it appears well positioned for 2018).
Onto the charts!
3 Month Performance:
Looks fine to me! The large divergence beginning mid October was driven by my single stock position. As it stands, in markets that are strongly increasing, I would be glad to merely keep up with the market, as I’ve done here.
In terms of absolute dividend levels, my dividend receipts over the quarter comprise approximately 2.8% of my overall quarterly goal. This was down on the prior quarter (5.7%), but encouragingly, much stronger then December 2016 (0.9%). The snowball continues!
6 Month Performance:
My six monthly performance was largely in line with the market (and slightly better when taking into account my franking credits). As above, I am delighted to keep up with the market over the last 6 and 12 months.
My only regret over the six months (and last year) is that I didn’t have more money committed to the market. My strategy involves me regularly contributing from a reasonable amount of dormant equity. This is by far the easiest strategy for me to follow given my risk tolerance – I’d rather have made less over a strong year than expose myself to significant falls following a lump sum investment.
Onwards and upwards – I am particularly excited to see what 2018 will bring. Here’s hoping to more dividend increases!