AyG
Crazy Mango Extraordinaire
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Post by AyG on Jan 1, 2016 9:13:23 GMT 7
The sole sparks of joy come from Independent Investment Trust (IIT), which is up 25%, and the even more heartening JP Morgan European Smaller Companies (JESC), up 29%. And IIT and JESC continued to shine. In December IIT was up 9.4%, and JESC up 11.5%. For the complete year they returned 37.3% and 44.0% respectively. 'Tis pity that the likes of BlackRock World Mining (BRWM) did a complete mirror image - down 7.5% in December (I really didn't think it could fall any further) and down 37.0% on the year. Still, it really shows that diversification is important. And for me, it shows that one should ride out rough patches and not go with the herd. IIT had a disastrous period of performance in 2007/08 and I was sorely tempted to sell. It's more than made up for that in the years since.
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