Heard the construction work yesterday, hope you and the family will soon be peacefully settled in!!
A minor update on Japan.
Last year my Japanese portfolio performed well when the Nikkei was up , but this year, having tweaked my portfolio it performs in line with the Topix. Today was typical, percentage wise the Topix was up over double the Nikkei and my portfolio performed very well. Plus I think the Topix index will be the 1st to break it's psychological level of 2,000 before the Nikkei breaks the 30,000 level!! Take a look at the 10-year Topix chart, this year it has formed a perfect pennant, ready to pierce the 2,000 level. I believe the Topix is closer to following the 2nd section than the Nikkei.
Thank you for your well wishes and this topical email. Our contractor is back again today so I apologise if there is any banging in the background while I record this aternoon.
We bought a newbuild home foreclosure that had been sitting on the market for eighteen months. The builder had gone bust so the final touches on the home were rushed and the kitchen was left unfinished. As far as we can make out the reason the house sat unwanted for so long was the starting price was too high back in late 2019 and the absence of a kitchen was a deterrent. There was also a leak in the dishwasher that led to significant mould growth in the kitchen island so that probably also limited demand.Click HERE to subscribe to Fuller Treacy Money Back to top