Had a money manager report on performance this week.

The note I saw: “Portfolio has performed in line with expectations, and performing strongly at the start of this year. Portfolio is up 10% since October 2023”

In that same timeframe:

- FTSE 100 is up 13.8% since 2/10/23

- Gold (usd/oz) is up 43% since 2/10/23

- Bitcoin (btc/gbp) is up 243% since 1/10/23

Reminder: most asset managers massage their data to suit their narrative…

As investors you HAVE to be able to distill your own conclusions, or retaining purchasing power is but a dream