Will the coronavirus outbreak mark the start of a wider economic downturn and the end of the long-running bull market? I don’t know.
Personally, I won’t be selling anything. I bought shares for my own portfolio last week and feel confident that the prices I paid will look good value with the benefit of hindsight.
This week, it’s time for my rules-based SIF fantasy fund to deploy some of its surplus cash into the market. As a reminder, I mirror this fund with my own money, as a separate offshoot from my main portfolio.
The SIF fund took a painful hit last week, but it wasn’t any worse than that suffered by the wider market. Indeed, SIF seems to have outperformed so far this year:One reason for this may be the portfolio’s large cash balance. SIF didn’t buy anything in February but has continued to sell stocks on schedule. This has left the portfolio with just 14 holdings and a cash weighting of nearly 40%.
The fund’s last purchase was Finsbury Food on 21 January. However, last week’s sell-off has cut stock valuations and provided fresh feedstock for my…
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