CHANGES FOR THE BENCHMARK 2025/6 Overall, I am fairly satisfied with the benchmark approach that I use. The main point is that it is very broadly based, not dependent on one stock, one sector or influenced unduly one way or the other. Being equally weighted satisfies some of that criterion, and having a spread of sectoral exposure satisfies another. The stocks are almost entirely profitable and are spread in Australian and international markets. The mix for 2025 was 60% profitable Australian companies, 30% quality growth international companies and 10% Australian speculative companies. All equally weighted. The trouble with this approach is not in benchmark composition or structure, but that, in reality, the likelihood of my investing significant sums in a speculative investment is small. For 2026, I plan to change the benchmark to be 60% profitable Australian and 40% international quality growth. Almost all of these companies should, in theory and reality, be possible cont...
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