On 31 December 2012, the Heng Sang Index closed at 22656. I had around 12% of my portfolio as cash. One year later, the proportion of cash in my portfolio becomes 16%. The Hang Seng Index closed in 2013 at 23306. In other words, it rose by 2.9% over 12 months.
How much did I earn during this period?
Exactly 8%.
As always, what would happen if I did nothing to my portfolio in the past 12 months?
Alas, I would have earned 11.8% !
Not something for me to boast.
Well, if there has been any achievement, this portfolio is much more simple that the one last year.
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