Portfolio Review 2024 – Cliff Weight
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Cliff
This was interesting to read. I will limit myself to one comment.
I think you should choose one benchmark, and then stick to it. The quote below indicates that you are trying to use two benchmarks, which makes no sense to me.
“Benchmark performance: UK (FTSE100) +9.7%, but risk adjusted global benchmark (based on my 88%/12% equity/cash allocation) +18.6%.”
Thank you, Amin. I now use the benchmark recommended by Y-Tree, the risk adjusted global benchmark reflecting my mix of equities and bonds. The reason is (that Y-Tree argue that) taking on any other market or sector weighting sub-optimises.
I will continue to look at other benchmarks, but realise that looking at the FTSE100 is a bit like driving up the M1 only look in at your rear view mirror!☺️
Thanks for taking the time to share a comprehensive review of your year with us.
I said that Scott Bessent was hugely better than Rachel Reeves and today’s announcement of 90 day pause in tariffs, except for China, shows Bessent knew what was going on and had a clear cohesive thoughtful plan. Well done Scott and Donald.