Report for January 2008

January has been one of the worst months in our short history: there have been days when I daren't look at the portfolio valuations! The month ended with the FTSE100, our portfolio and our Unit Value all falling by between 7 and 9%. Every stock in our hands fell, from Reuters down 4% to First State China Growth down 13%. The only good news is that the new units in the First State Indian Subcontinent Fund gained 4% in the week that we have owned them, and the FTSE100 today is back above the 6000-mark. Speedy Hire was sold off, at a slight profit overall.

We have £1890 to spend when we are happy that the market is beginning to rise again.