Welcome back to the FTSE350 column, where I have been building a portfolio of quality companies, with the intention of beating the market. Things have been going well so far, with the portfolio comfortably beating the index with gains since we tipped each share as follows:
- Volution Group [LON:FAN] +9.4%,
- CMC Markets [LON:CMCX] +63%,
- Rightmove [LON:RMV] +8.5%,
- JD Sports Fashion [LON:JD.] -5%
versus the rather flat FTSE350. This is a good sign that the trading strategy is working, and crucially that there is money to be made, even in what might seem as a more lacklustre market such as the LSE.
By way of a reminder, here's a link to the principles that guide the investment decisions of my column,
The latest addition to the portfolio in February leans heavily on principle number 2, positive share price trajectory, and I have been waiting patiently for the right time to buy into this growth story. Having fallen roughly 63% from its peak a few years ago, this share has been out of favour, however as it begins its recovery, and has shown upwards momentum it now looks as though it is now the right time to buy.
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