Another busy three months for my self-invested personal pension (Sipp), with yet more spring cleaning as regards my holdings, some important additions to the portfolio and a decent set of positive returns. Overall, about a third of my portfolio is now in cash, but 54 per cent of it is still invested in what I would describe as ‘risky equities’ – the rest is in relatively safe bonds, market-neutral hedge funds, or in market shorts (more on that later). So, given this net exposure of just over half of my portfolio to risky stuff – ie, equities – I’m chuffed at a gain of 1.79 per cent over the past three months, against a 1 per cent return for the FTSE 100 benchmark index.
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