WEBINAR: Trade war hits our Chinese stocks, but others shine on

LONDON —During the past month, the release of the first live rounds in the US/China trade war weighed on the portfolio's two Chinese stocks, while growing Capital Hill pressure on big tech together plus the summonsing of Google's CEO to Washington hurt Alphabet. But another storming month for Amazon.com and small improvements in prices of the portfolio's other constituents was almost enough to offset the bad news. The overall result was after the exceptional run in August, the Biznews Global Share portfolio took a breather in September, with its value easing back from $393,645 to $390,069. The portfolio was established in December 2014 with seed capital of $200,000. It has achieved an annualised return of 39% in the 46 months of its existence. – Alec Hogg

Highlights:

Amazon.com: Our experience with Jeff Bezos's ever-mushrooming giant makes a compelling case for riding your winners. And also, to not pay attention to daily price vacillations. When we bought into Amazon in December 2014, the shares were easily bought at $327. In the past month the price per share rose $47, which would have been a barnstorming show four years ago, but which at current levels translates into a modest 2.4% gain. Amazon peaked at almost $2,040 a share in the month before easing back as investors reflected on the risks of the trade war. Our view is that although speculating on big swings is a fascinating cerebral exercise, investing in stocks requires an understanding of and belief in the business being bought into. Amazon still ticks all the right boxes.

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