Vistafolio Update: Going from Strength to Strength in May

 

Vistafolio is Wealth Morning’s Managed Account solution for Eligible and Wholesale Investors.  Once a month, we update account holders on the strategy and performance. Please find our latest update as follows:

It’s our time. When speculative investors suggested we buy expensive tech companies with dubious asset support and even cryptocurrencies, we said ‘no’.

Now those assets are down heavily on inflation fears. Our robust value picks continue to steadily grow and recover. Some are about to resume generous dividends of over 5% p.a.

I believe in sticking to a strategy, a set of convictions, and avoiding the ‘strategy creep’ that erodes long-run returns for many investors. We continue to look for great businesses with quality assets and thank those investors who have added funds over the last period to enable this.

Overall, for the month of May, we are up 3.33% across the composite portfolio (total aggregate return across all portfolios following the strategy). And we are up 14.38% since the start of the year — which, if annualised, suggests a potential return of 34.52% p.a.

As a background to these pleasing figures, however, we should keep in mind some of this is recovery from the Covid-19 drawdown last year.

Please see our performance chart for more details.

 


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We continue to see quality assets available at reasonable prices in this market.

With bank deposit rates now likely below inflation, we are also focusing on achieving good dividend income streams for client accounts.

 

Regards,

Simon Angelo

Editor, Wealth Morning 

Past performance is not an indicator for future performance. Your actual portfolio will differ from the composite portfolio mentioned. The information contained in this document does not constitute an offer to sell or a solicitation to buy an investment, nor should it be construed as investment advice. Vistafolio investment services are available to Eligible Investors and Wholesale Investors (not to Retail Investors) as defined in the Financial Markets Conduct Act (2013).

Daily Wealth

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Simon is the Chief Executive Officer and Publisher at Wealth Morning. He has been investing in the markets since he was 17. He recently spent a couple of years working in the hedge-fund industry in Europe. Before this, he owned an award-winning professional-services business and online-learning company in Auckland for 20 years. He has completed the Certificate in Discretionary Investment Management from the Personal Finance Society (UK), has written a bestselling book, and manages global share portfolios. Simon is a shareholder of Wealth Morning.


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