WEBINAR: Global portfolio ‘double whammy’ – tech stocks soar, Rand weakens

JOHANNESBURG — October, as the farmers call it, was a bumper crop for the Biznews Global portfolio. It was 'double whammied' as American listed tech stocks soared as analysts under forecast earnings, while a 'Gigaba-infused' mini-budget saw the South African Rand take a big knock. These two factors saw the annualised return of the portfolio hit 39%. Alec Hogg takes Premium subscribers through this month's update. – Stuart Lowman

The way the Biznews Global portfolio is structured is that we make changes from time-to-time. We invest in stocks that we believe we can hold forever. Like Warren Buffett says, 'if you buy a share and the stock market is closed for 5 years you should be happy to be invested in that share.' So, no trading on this side. We buy stocks where the whole period, and certainly notionally, is forever and then we will adjust the portfolio as and when shares get overpriced or when there's a fundamental structural change at the company. So, it should be pretty easy. What we do is we buy stocks over a 3-month period as well. Sometimes it works to our advantage and sometimes not.

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