The portfolio has been ahead of the index since 2020, thanks to some essential investments I made in 2021. 2022 has been rough, but a great July and a weakening Norwegian Kroner have dampened the fall to a negative 4,7% year to date. This year hasn’t favored my investing strategy, favoring companies with shorter payback time. Most of my investments have low free cash flow yields but higher earnings growth. Luckily higher interest rates increase returns on incremental capital added to the portfolio. I plan to add substantial amounts of capital to the portfolio in the coming years, which favors a weak stock market rather than a stock market achieving new highs regularly and has lower equity risk premiums.
Performance in July 2022
Performance in July 2022
Performance in July 2022
The portfolio has been ahead of the index since 2020, thanks to some essential investments I made in 2021. 2022 has been rough, but a great July and a weakening Norwegian Kroner have dampened the fall to a negative 4,7% year to date. This year hasn’t favored my investing strategy, favoring companies with shorter payback time. Most of my investments have low free cash flow yields but higher earnings growth. Luckily higher interest rates increase returns on incremental capital added to the portfolio. I plan to add substantial amounts of capital to the portfolio in the coming years, which favors a weak stock market rather than a stock market achieving new highs regularly and has lower equity risk premiums.