At year end in sterling I was up 13%, including dividends. Not bad - except that the FTSE 100 beat that at about 15% (dividends included) and pretty much every other world market did even better. Plus 500 did their bit, finishing up 80%, NWBD contributed a solid 16%, but Berkshire Hathaway let the side down with 8%.
In US dollars my portfolio was up a more respectable 18%, but the S&P 500 managed about 30% once you include dividends. Having 75% of my portfolio in Berkshire Hathaway means I was never going to do well in a go-go year like this one.
I'm not at all sure that 2020 will be a good year for the markets. US shares are looking very overvalued. If there is a big decline then:
- Berkshire Hathaway shares will fall, but probably not as much as the wider market.
- NWBD should do OK.
- Plus 500 may do well.
So I see no need to mess with anything, and will likely continue to sit on my hands.
