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Historical Investment Returns:
(Includes performance up to: 31 December 2011)
As you know the past few years were tough for value investors everywhere.
First the financial crisis in 2008 and then the European 2011 country
debt problem really caused havoc on the equity markets, especially
in Europe.
But I am not complaining because in times like these, when investors
are abandoning the stock market (perhaps forever) are the times when you
make the most money. When share prices are the most removed from
the value of the underlying companies.
This is exactly what happened in 2011.
This means if you bought high quality undervalued companies, the kind I
recommend to you in my newsletter, you made money even if you did not
have any gains in 2011. It takes time for the market to come to
its senses, but when it does, and share prices recover is when you really
make money.
When reviewing my portfolio returns please remember that past performance is no indication of future performance.
The future is uncertain and just like you I do not know what my future returns will be.
Also please read my disclaimer.
Even though I am very thorough with the companies I recommend (and I
invest in all of them with you) I cannot take responsibility for your
investment returns.
I hope you notice that I give you the full picture, losers and
winners. Because I am human I make mistakes. And because you are
intelligent you know that perfection in investment is impossible.
This is how my recommendations performed:
Companies recommended in 2009
|
Company |
Country |
Added |
Return |
|
Vivendi |
France |
Sep 09 |
-7.00% |
|
Nationwide Accident Repair Services |
UK |
Nov 09 |
-12.40% |
Companies recommended in 2010
|
Company |
Country |
Added |
Return |
|
Hornby |
UK |
Apr 10 |
22.2% |
|
Charlemagne Capital |
UK |
Jun 10 |
-19.4% |
|
Exact Holdings |
Holland |
Jul 10 |
3.4% |
|
Allianz SE |
Germany |
Aug 10 |
-9.1% |
|
Linedata Services |
France |
Sep 10 |
3.5% |
|
Microsoft |
USA |
Okt 10 |
6.3% |
Companies recommended in 2011
|
Company |
Country |
Added |
Return |
|
Buongiorno |
Italy |
Jan 11 |
-8.3% |
|
Cegid Group |
France |
Feb 11 |
-29.3% |
|
Halfords Group |
UK |
Mrz 11 |
-16.9% |
|
Morgan Sindall |
UK |
Apr 11 |
-14.4% |
|
Character Group |
UK |
Mai 11 |
-18.6% |
|
Indesit Company |
Italy |
Jun 11 |
-47.4% |
|
Washtec |
Germany |
Jul 11 |
-25.4% |
|
Debenhams |
UK |
Aug 11 |
2.9% |
|
Sage Group |
UK |
Sep 11 |
13.6% |
|
Rexel |
France |
Okt 11 |
1.1% |
|
Faiveley Transport |
France |
Nov 11 |
-6.8% |
|
Takkt |
Germany |
Dez 11 |
-5.0% |
Recommendations sold
|
Company |
Country |
Added |
Return |
|
New Frontier Media |
USA |
Feb 10 |
-24.2% |
|
Headlam Group |
UK |
Mai 10 |
-23.5% |
|
Contango Oil & Gas |
USA |
Sep 09 |
23.8% |
|
London & Stamford |
UK |
Jul 09 |
13.7% |
|
Deutsche Telekom |
Germany |
Jun 09 |
40.9% |
|
William Hill |
UK |
Dez 10 |
45.1% |
|
TomTom |
Holland |
Dez 10 |
-44.4% |
|
CCA Industries |
USA |
Nov 09 |
31.0% |
|
Vodafone Group |
UK |
Feb 10 |
30.1% |
|
Cherokee |
USA |
Mrz 10 |
-21.0% |
|
Omega Pharma |
Belgium |
Nov 10 |
13.7% |
All the above investments were recommended in my Eurosharelab Alert Newsletter Service
Performance against the Stoxx 600 index (incl.Dividends)
Blue line = Return of companies recommended in my newsletter
Orange line = European STOXX600 index including dividends
Source: profitmapper.com
As you can see the newsletter performed in line with the index but
started to underperform in the last quarter of 2011 as Italian companies I
recommended declined because of increased Italian sovereign debt
concerns.
Performance before 2009
As I only started the investment newsletter in June 2009 the tables below show the performance of my portfolio since 2004.
My performance (in Euro) is shown against the world's major indices.
|
My |
Europe |
USA |
UK |
World |
|
Portfolio |
STOXX 50 |
STOXX 600 |
S&P 500 |
FTSE All Shares |
MSCI World (Euro) |
|
2004 |
21.5% |
3.8% |
9.0% |
8.4% |
9.2% |
5.0% |
|
2005 |
22.6% |
20.1% |
22.8% |
3.8% |
17.3% |
23.6% |
|
2006 |
1.9% |
10.0% |
17.4% |
11.8% |
11.9% |
5.4% |
|
2007 |
-8.0% |
-0.4% |
-0.2% |
3.5% |
2.0% |
-3.4% |
|
2008 |
-12.8% |
-43.4% |
-45.6% |
-38.5% |
-32.8% |
-39.1% |
|
2009 |
6.5% |
24.1% |
28.0% |
23.5% |
25.0% |
23.0% |
|
2010 -Newsletter |
17.2% |
0.0% |
8.6% |
12.8% |
10.9% |
17.2% |
|
2011 -Newsletter |
-12.4% |
-8.4% |
-11.3% |
0.0% |
-6.7% |
-6.5% |
|
Average |
4.6% |
0.7% |
3.6% |
3.2% |
4.6% |
3.1% |
My Portfolio's returns are shown in Euro
The following table shows my investment returns against the major
indices assuming 100 was invested in each portfolio on 1 January 2004.
|
My portfolio |
STOXX 50 |
STOXX 600 |
S&P 500 |
FTSE All Shares |
MSCI World (Euro) |
|
2004 |
121 |
104 |
109 |
108 |
109 |
105 |
|
2005 |
149 |
125 |
134 |
113 |
128 |
130 |
|
2006 |
152 |
137 |
157 |
126 |
143 |
137 |
|
2007 |
140 |
137 |
157 |
130 |
146 |
132 |
|
2008 |
122 |
77 |
85 |
80 |
98 |
80 |
|
2009 |
130 |
96 |
109 |
99 |
123 |
99 |
|
2010 -Newsletter |
152 |
96 |
119 |
112 |
136 |
116 |
|
2011 -Newsletter |
133 |
88 |
105 |
112 |
127 |
108 |
|
My portfolio outperformance |
|
45.3% |
28.0% |
21.6% |
6.1% |
24.8% |
I think you’ll agree that in period of great uncertainty, it’s very solid.
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