The Good Steward "Fund"
This is an educational portfolio that was started on 3 Jan 2023. It is meant to serve as an educational "supplement" to add more colour and context to my thought process. At this point, I have no desire to set up a proper investment fund to manage external money but at the same time, I would like the implement the rigors of managing other peoples' money. Hence this educational portfolio.
When it was started in 2023, it closely resembled my real money account, but because my real money account was obviously created many years ago, there are some companies that I like but I would not buy it for the Fund because it may not be available at a good price in Jan 2023.
I will be writing an annal Fund Letter, as if it was a real fund, to report on the fund. If there is anything interesting in the interim, I will also write about it. You can find a link to subscribe on the Home Page.
IMPORTANT: This is NOT a real money portfolio (even though I do have vested interests in many of the stocks in this portfolio). This portfolio is NOT meant to be replicated. This is not a solicitation nor hint to trade or invest in any of the securities contained in the portfolio.
How the Portfolio is recorded:
IThis portfolio was started on 3 Jan 2023, the first trading day of most stock exchanges. It is assumed that the stocks in this portfolio were purchased at the closing price on 3 Jan 2023. Similarly, any transactions after that will be assumed to have been executed at the closing prices of that day. Note that in reality, depending on the size of the trade, this may not be realistic but we have to use as straight forward an assumption as possible so this is it.
The porfolio has a global mandate, so it uses the Vanguard Total World ETF as a benchmark. However, because the portfolio invests in a lot of USA stocks, it also uses the SPY as a supplementary benchmark so as to see if any outperformance is due to an overweightage in USA stocks. ETFs are used rather than an index because it is my view that any benchmark should be something that is "actionable" and an ordinary investor can actually invest in because that will be their opportunity cost.
In terms of performance, the plan is to record rolling 5-year performance records. Eg, 2023-202027, 2024-2028 etc. This is in line with the importance of having a long term mindset when making investment decisions.
Expect that from time to time, the portfolio WILL underperform the benchmark for a period of time, sometimes for an extended period of time. Expect that MANY of the individual stocks in the portfolio could underperform or even go bust.
While the information in this file is from sources which we consider reliable, its accuracy and completeness cannot be guaranteed. Millennial Capital Private Limited, its partners and employees, do not accept liability for the results of any actions taken or not taken upon the basis of information in this report, or for any negligent mis-statements, errors or omissions. Those acting upon information and recommendations do so entirely at their own risk. Millennial Capital Private Limited and/or its partners and employees may, from time to time, have a financial interest in respect of some or all of the matters discussed. Millennial Capital Private Limited did not take into account the investment objectives, financial situation or particular needs of any particular person.
This report is purely for educational purposes and no advice of any kind is intended or implied. We recommend seeking advice from an indepdenent professional financial adviser about your financial situation and goals before acquiring a financial product.
