WEBINAR: Global portfolio maintains 31% annualised growth. Boosted by Tesla, Facebook.

JOHANNESBURG — It was an eventful month on the Biznews Global Portfolio. Strong performances from Tesla, Facebook and Amazon were downplayed by a dip in Alphabet stock. That despite the Internet search giant showing a more than 20 percent increase in second quarter revenues, despite baking in the $2.7 billion fine the EU slapped on them for antitrust violations. The group is still defending itself against the allegations. The portfolio managed to maintain its 31 percent annualised growth since inception in December 2014. As happens every month, the brains behind the portfolio Alec Hogg takes you through the reasons why the stocks held in this portfolio are there to be held forever. – Stuart Lowman

The way that we do our investing, is that we will identify a stock. The intention is holding it indefinitely, so we don't want to be at the vagaries of the market or the exchange rate, remembering that we are investing in US Dollars, but the returns for a South African investor will be in South African Rand, so we have and you'll see just in a little while, the way that the Rand has been bumping all over the place in the past month. What we then do when we make an investment, to try and take out the price movement and try and take out the exchange rate, is by investing over a three-month period and that is exactly what we have done with Tencent holding as you can see here. We started buying it two months ago, so this is the final tranche of purchases. We had cash in the portfolio of $28 000 before the purchase of Tencent.

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