October has ended and we are ready for another portfolio update.
We didn’t buy any new stocks this month, so the development is based on the same portfolio as last month. This month our tech stocks did quite good as the whole sector rose in value after some good reports. We are overall very pleased with a monthly return of 1.75%. We hope to see more months like this!
Our portfolio did okay compared to the European index, but the S&P500 did way better as we had a few shares that fell quite a lot.
Compared to last months portfolio update, the charts looks a bit better this month. There were however a few of our previous winners that took a large hit. The worst one was yet again Fortescue (FMG.AX on the chart), which also dragged us down in September. Intel which we just bought this fall however did really good.