Report for June 2008

June was another awful month in the stock markets. The FTSE100 fell 9%, dragging down our portfolio by the same amount. Our Unit Value has fallen to 101.4, the lowest it has been in four years!

Every single stock fell in value, from BHP Billiton at -4% to WPP at -20%. Even HSBC have reached our 15% stop-loss threshold, along with WPP which passed it some months ago. Our treasury bonds slowly approach their par value of 100 at which they will be redeemed in a few months.

I am not ready to make buy recommendations on the basis of our new strategy as the research into appropriate funds is taking time to do. But I do suggest we cut some of our losses now and sell stocks we are not likely to hold on to anyway: WPP, HSBC and Thomson Reuters.