• ABOUT
  • CONTACT
  • DISCLAIMER!!!

Wexboy

~ A Value Investing Blog

Wexboy

Monthly Archives: January 2016

The Celtic Phoenix…Five Consecutive Years of Market Gains & 6.6% GDP Growth!?

28 Thursday Jan 2016

Posted by Wexboy in Uncategorized

≈ 13 Comments

Tags

Celtic Phoenix, intrinsic value, Ireland, Irish shares, Irish Stock Exchange, Irish value investing, ISEQ, stock valuation, TGISVP, The Great Irish Share Valuation Project

A picture’s worth a thousand words – here’s a 5 year chart of the ISEQ:

ISEQ

Truly, a thing of beauty…

And over the life of the blog, the Irish market has delivered four consecutive years of gains:

2012:   +17.1%

2013:   +33.6%

2014:   +15.1%

2015:   +30.0%

Cumulative Gain:   +134%

[And yes, the title of the post’s correct…the ISEQ also managed to eke out a small gain in 2011: +0.6%.]

And here’s the cumulative gains (over the same period) of the other major indices I use as portfolio benchmarks:

S&P 500:   +63%

FTSE 100:   +12%

Bloomberg European 500:   +46%

Wow, even the S&P’s performance looks positively pedestrian…

Continue reading →

Advertisement

Crushin’ It: FY-2015 Portfolio Performance

15 Friday Jan 2016

Posted by Wexboy in Uncategorized

≈ 4 Comments

Tags

benchmarking, Bloomberg Euro 500, emerging markets, frontier markets, FTSE 100, FTSE AIM All-Share, hedge funds, ISEQ, portfolio allocation, portfolio performance, S&P 500, value investing

OK, Top Tips done – now, it’s performance time!

And already I’m fully aware the designated performance benchmark here is very different for me than everybody else…which is, of course, entirely my own fault! Because I chose to include the ISEQ as 25% of my benchmark, and it’s performed quite spectacularly every single year. Which, you’ll have to admit, is terribly unfair… 😉

Unfair, because it jacks up my benchmark return every year. And because it’s such a painful & galling reminder that if I’d been just a little bit dumber, and simply overdosed on the Irish market, doubtless I’d now be reporting a totally amazing performance. Except…who bets their entire portfolio on a single market? Esp. the Irish market, which is a mere rounding error globally (in terms of market cap)? Intellectually, prudent diversification makes all the sense in the world, but emotionally it’s a lose-lose proposition: ‘Cos markets surge & you loathe being diversified, you just want to concentrated on the winners…then markets collapse, and being diversified is great, except you’re still inescapably miserable because you’re actually losing money! But at this point, the ISEQ’s clearly my personal cross to bear – so let’s just stick with it – here’s my 2015 benchmark:

FY-2015 Indices

Obviously, it’s been a game of two halves – with most markets suffering in the second half – so I’ve also added a H1 vs. H2 breakout. But wouldya ever take a gander at that ISEQ performance! Who’d have expected an additional +12.0% rally, after an +18.0% surge in H1? And that’s nothing…if I described a market which had clocked 15%+ annual returns in 2012-2014, would you ever have guessed a +30.0% return for 2015?! Methinks not… But then again, I’ve actually been consistently bullish on the Irish market for the past 4 years now – which I’m v pleased by, except when I agonise over the fact I capitalised far too little on such prescience. Sad, sad, sad…

Continue reading →

Wexboy – Top 14 Tips for 2016!

11 Monday Jan 2016

Posted by Wexboy in Uncategorized

≈ 21 Comments

Tags

Alternative Asset Opportunities, Argo Group, Donegal Investment Group, favourite stock, Fortress Investment Group, KWG Kommunale Wohnen, luxury goods, Newmark Security, portfolio allocation, Saga Furs, smartphone revolution, stock tips, Tetragon Financial Group, VinaCapital Vietnam Opportunity Fund, Zamano

This ain’t no party, this ain’t no disco, this ain’t no fooling around…

Yeah, it’s January, the most miserable time of the year. And already half of us regret we made no New Year’s resolutions…while the other half regrets they did. The market’s no help either, with many investors ending a frustrating 2015 in the red, and greeted in 2016 by another global dump. [Let’s discard the odd notion the Chinese market’s global impact is simply due to its hyper-volatility. It’s not…the market’s only the tip of the spear for the entire Chinese economy, which has obviously evolved into the key marginal driver now of the global economy. So for 2016, a great resolution is to pay far less attention to the US & far more attention to China!]. But still, there’s a whole bunch of new tips out there to inspire us… 🙂

Trouble is, I don’t necessarily have much faith in them, ‘less I know the tipster’s got his money where his mouth is. Which offers no guarantees, but it means I’ll tackle the 2016 tips season just like I did last year – inevitably, my top holdings are also my top tips! [And judging by my traffic, people definitely want tips first & performance later…so I bow to the vox populi, my FY-2015 performance post will have to wait a little longer!] And so, without further ado, here’s my Top Holdings as of Year-End 2015:

Wexboy Top 10 Year-End 2015

Hang on a minute, isn’t this s’posed to be a Top 14 Tips? You’re bloody well short-changing us here, mate!? Well, sort of, I’ll explain later… 😉 Now, let’s start pulling together a few different elements here… First, you might want to check out this July post, which includes my last (brief) updates on most of these stocks (& hopefully offers a taste of my upcoming performance post!):

‘Smokin’ the S&P…H1-2015 Wexboy Portfolio Performance!’

Continue reading →

Enter email address to track this blog by email.

Join 2,326 other subscribers

Wexboy on Twitter:

  • NEW Blog Post: FY-2022 Portfolio Performance & Review… $REC.L $KR1.AQ $GOOGL $VOF.L $TFG.AS $DQ7A.IR $SAGCV.HE… twitter.com/i/web/status/1… 1 hour ago
  • NEW BLOG POST: FY-2022 Portfolio Performance & Review… …Post-Pandemic Hangover: wexboy.wordpress.com/2023/01/31/202… $REC.L… twitter.com/i/web/status/1… 10 hours ago
  • Nah, you’re crying… 🥹 …the Light Balance Kids from #Ukraine win a Golden Buzzer: m.youtube.com/watch?v=lpLfyR… 18 hours ago
  • If credit card co’s/fees disappeared overnight, all the bars, cafes, restaurants & stores wd immediately drop their… twitter.com/i/web/status/1… 18 hours ago
Follow @Wexboy_Value

Wexboy Top Posts

  • 2022...Post-Pandemic Hangover
  • KR1 plc...The #Crypto #Alpha Bet
  • 2021...Wow, Another Crazy (Good) Year!
  • NTR plc - Breezin' Right Along...
  • A Letter to the CEO (& Board) of European Islamic Investment Bank

Wexboy Archives

  • January 2023
  • January 2022
  • November 2021
  • July 2021
  • January 2021
  • November 2020
  • July 2020
  • January 2020
  • December 2019
  • July 2019
  • January 2019
  • July 2018
  • May 2018
  • February 2018
  • January 2018
  • September 2017
  • August 2017
  • July 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011

Wexboy Categories

  • Uncategorized

Blogroll

  • Above Average Odds Investing
  • Alpha Vulture
  • CantEatValue
  • Cheapskate Investor
  • csinvesting
  • Deep Value Investments
  • Element Value Investor
  • Expecting Value
  • Harriman Intelligence
  • Insider Monkey
  • Interactive Investor Blog
  • Investor Soiree
  • Long Term Value Blog
  • Mallet's Conspiracy
  • Mark Carter
  • Oddball Stocks
  • Philip O'Sullivan's Market Musings
  • Ragnar is a Pirate
  • Reminiscences of a Stockblogger
  • ShareProphets
  • Simple Value Investing
  • The UK Stock Market Almanac
  • Tom Winnifrith
  • UK Value Investor
  • Value Investing France
  • Value Investing Journey
  • Value Uncovered
  • valueandopportunity
  • valuestockinquisition
  • ValueWalk
  • Valuhunteruk

Meta

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.com

Blog at WordPress.com.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
  • Follow Following
    • Wexboy
    • Join 2,326 other followers
    • Already have a WordPress.com account? Log in now.
    • Wexboy
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar
 

Loading Comments...