Background
I have not published a portfolio review for quite a while, as it's so time consuming to do. However, 2020 was an extraordinary year, so felt I really ought to see what went wrong, what went right and whether there were any lessons to learn.
Before diving into the details, I need to explain my circumstances and investment strategy. I have been a full-time investor since 2004, living off a fixed pool of capital. Therefore, capital preservation whilst generating sufficient return to ...