Report for September 2010

September was a bumper month: the FTSE100 rose 7% and our portfolio also rose in value by 7% leaving us £1230 better off. The Unit Value rose 4% to 127, almost as high as it has ever been.

The gains were spread right across all our shares and funds while the two corporate bonds were essentially unchanged. We gained £242 from China, and £215 from Tesco (opening a big new store here in Beeston next month). Our European funds rose 13-16% and our US funds rose 12-14%.

After a member withdrew £1350, we currently have £3000 in cash. I'll invest £1000 in further funds soon to balance our portfolio.