COVID-19. Cheeky little feller, causing a bit of a nuisance.
The markets are thrashing around trying to work out how to price it in, and have gone from exuberance to despair in a few days. A somewhat predictable reaction, with apparently indiscriminate selling. I imagine we will see selling continue for at least a couple more weeks, with some small relief rallies in between, until the headlines get more positive, or stocks all go to zero. Fingers crossed for a vaccine being developed quickly (preferably by Glaxo 😎).
Anyway nothing bought or sold during Feb, and as there's a whiff of panic in the air I'll keep my cash in my wallet and hope to pick up some bargains once the selling eases up.
Portfolio performance
The portfolio was down -8.3% in February, losing less than my chosen benchmark the Vanguard FTSE All Share Accumulation which was down -8.9% over the same period.
Best performers this month:
Dignity +1%
Craneware -0.3%
Next Energy Solar -1%
Worst performers this month:
AB Dynamics -23%
SAGA -23%
Abcam -17%
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