Introduction

September proved to eventful around the World as the US Federal Reserve joined in the rate cutting party with a 0.5% cut. While China finally blinked an delivered a stimulus package that put a rocket under Chinese equities. Aside from this though it proved be another dull month for UK equities as the New Labour Government seemed to be doing their best to depress everyone with a bleak outlook and stories of Black Holes in the budget. This managed to depress consumer and business confidence and perhaps to further undermined the nascent revovery that had been underway in UK equities.

 

Peformance

As a result the UK equity market as measured by the FTSE All share delivered a -1.2% total return. Against this the Compound Income Scores Portfolio (CISP) delivered a total return of -1.9% as the biggest gainers and losers just about cancelled each other out, but overall there werre more loses than gains.

 

Longer term performance from the CISP remains strong and indeed the portfolio is ahead of the index over 1 and 2 years, 5 years and since inception in 2015. Please see the Scores page for full details of this & how you can subscribe to get access to the Scores full details of the CISP if that is something that is of interest to you.

 

Outlook & Conclusion

As we enter autumn ahead of the budget in the UK due atl the end of the month, it seems possible that Octiober might once again prove to be tricky month to invest in the UK. It might also be more costly for investors in the UK to invest after this months budget with pleny of rumours about hikes to Capital Gains Taxes amongst other things. Nevertheless I'll try to Keep Calm and Carry on Investing.

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