On the road to financial independence and beyond
October saw the implosion of the Truss-Kwarteng economic policy in the UK. Markets continued to drift mostly downwards in the first half of the month. I was, however, inspired to make some portfolio changes that further reduced my holdings in UK equities. October The FTSE All Share Total Return index, my chosen benchmark, rose by…
September saw the end of the Queen’s reign and the beginning of the new King’s reign. Alongside that we saw the end of one Prime Minister’s time in office and the beginning of the new Prime Minister’s government. The combination of a new fiscal budget, monetary policy changes (quantitative easing), interest rate rises, and changing…
In August I enjoyed a couple of weeks away from home with my family and paid little or no attention to the markets during that time. I certainly wasn’t looking to buy or sell. Despite the cost-of-living crisis and a significant rise in energy bills, markets have been reasonably stable. I’m also fairly comfortable with…
Markets and my holdings have rebounded in July and in August so far. That is despite increasing inflation, predictions of a prolonged recession, a cost-of-living crisis, and a war in Europe. My portfolio total return was a loss of -4.99% for the six months to June, but as I write, in mid-August, my total return…