Well the financial year has come to an end and it was a pretty good one for the market, despite some jitters towards the end. The ASX bounced back from COVID better than any of us could have expected in March 2020, having its best year on record, despite Australia going in and out of lockdown from time to time and the global catastrophe that COVID brought in terms of the death toll and countries in lockdown. Thanks to the gods of MMT, our governments just decided to buy their economies out of trouble and damn the long-term consequences. That’ll be someone else’s problem.

Our portfolio finished with a 48% return. This doesn’t include brokerage or tax, as we’re comparing it to the ASX 200 benchmark, which finished 28% up. As Tony said on a recent podcast, while this is a great result, he wouldn’t expect it to be repeated next year. A 48% return is a once-in-a-decade phenomenon. But you have to be in it to win it. This is why he is always invested. It’s time in the market, not timing the market, that counts.
We started our portfolio in September 2019 (we had been buying stocks before that, but that’s when we had fully invested our starting capital), and it is up about 35% since then, versus the ASX 200 sitting around 10%.