I have green! Lots of it! After a washout of a summer in the capital growth department my portfolio finally seems to have got off the ground. So how did everyone do? Who was your star pupil and who’s in the naughty corner?
Burford continued its recovery and again was my top performer followed by Sports Direct. Both of these were badly wounded in the summer and while I back Burford to come back I am a bit surprised to see Sports Direct do so well. While I’m pretty much back on level pegging on Sports Direct the Burford fund is still 30% in the red, so hopefully faith will be restored in it soon. I think long term Burford will bounce back and Sports Direct will continue to hit the news for the wrong reasons.
Boohoo is one of the star performers for me this year at over 40% gain jumped 15%. I’m still not a fan of retail when it comes to investing, I feel brands and shops come and go so fast that long term investing is quite tricky. Boohoo being an online retailer escapes much of what sinks most UK high street shops - the cost of rent and rates and the ever growing cost of employing people. Even today Boohoo’s recent acquisition of Karen Millen & Coast chain shows it is still very much in the driving seat and is navigating the tricky area of retail from the backseat and out of sight.
Okta was the loser at 22%. However, I like this stock and think it really has a future. I was pleased to see that other investors who know a great deal more than me (see investorplace article if you google) also back it to move North. I plan on buying a bit more of this stock while it has dipped.
As per Freetrade’s policy always remember to do your own research.
Remember that past performance is no guarantee of future performance.
This is a discussion only thread and is not advice to invest in any particular stock.