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:
Volatility is back! November was set to be a great month, and then the Omicron variant reared its ugly head. The uncertainty was too much for the markets on Friday, and there was a wide sell-off.
Can existing vaccines deal with Omicron? We don’t yet know how well.
Pfizer seemed to think they could modify, and their share price is up over 6%, defying the market fright. But as I write today, Moderna and the WHO see deeper concerns.
It’s a pity that this has smashed the end of November.
If we take returns from November 1-25, we would have been able to show around 3.5%. But Black Omicron Friday, the 26th, must be included.
Still, I’m an optimist, and I see recovery for patient investors who stay the course with good businesses. And that is what we do in the markets — invest in businesses. We ride the highs and lows of their activity and wait for them to flourish again.
Overall, for the month of November, we were up 0.71% across the composite portfolio (total aggregate return across all portfolios following the strategy). And we are up 10.42% since the start of the year.
Please see our performance chart for more details.
As always, the brave may buy fear and make a profit.
In coronavirus times, this does take courage and an eye on the long game.
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).