Report for December 2009

December was another pretty good month with a 4% gain in the FTSE, our portfolio value and our Unit Value.

Since February 2009 the stock market has performed exceptionally and consistently well and our portfolio has gained £4000 in value. Our China Fund contributed £1044 of this rise, and Tesco and Billiton stocks over £700 each. The only fallers have been Island Oil & Gas and the International Property Fund, while Severn Trent has remained unchanged in value over the last 10 months.

The PIC Unit Value now stands at almost 110, i.e. a 10% premium to our contributions. We have £3719 in cash ready for cautious investment.