The Porch-folio is Porchester's own personal investment portfolio. As a UK based investor, the performance of the Porch-folio is measured in GBP terms. Performance is compared to the FTSE100 index and the average performance of the users across the same investment platform.
Below are the regular Porch-folio updates on performance and trading.
Meli Happy Returns
3 September 2023
A strong week this week outperforming both the FTSE100 index and the others on the investment platform. With a storming performance from MercadoLibre up close to +15% for the week. The stock is now at the highest it has been since November 2021. No specific news on the stock beyond a few banks and analysts rating the stock higher.
Playing with Microcaps can be a Difficult Game
27 August 2023
Another decent week overall in the sense that the Porch-folio returned positive performance on what has been a choppy few weeks for what is a commodity heavy portfolio. Earnings season is also coming to an end with most companies now having reported their earnings for the second quarter.
All About Chrome & Kromek
13 August 2023
Overall a comfortable week considering the performance of others and the market as a whole. Particularly encouraging given the portfolio's heavy lean towards mining and commodity names and that sector's particularly poor performance this week. The recent trading in the portfolio to diversify is seeming to pay-off.