After my poor 2016, it was great to get the new year off to a good start. The JIC Portfolio gained 4.7 per cent, comparing favourably with the 0.3 per cent drop in the FTSE All-Share (total return) index. I do not pay any attention to FTSE All-Share index weightings when building my portfolio but I use it for performance comparison. It covers most of the listed UK equity market, and if I can’t beat it over a reasonable period I might as well save all the time and effort and purchase an index tracker.
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