Not much change (-£1k) overall this week. I used the tech stock dip to buy what I hope are cheaper shares, so I now have little spare cash left now in both accounts.
- Bought £2K of MSFT at $371
- Bought £1k Corning at $254
- Bought £1k META at $598
- Bought £1k Broadcom at $366
Here are recent purchases this week (TOELY was last week).
Corning has been mentioned quite a lot recently in blogs, articles and YouTube channels, so I fell for the hype and bought some - after which the shills sold out and the price dipped. Typical! How many times will I fall for these hyped-up 'tips'. Corning does seem to be in good health with very good future earnings however, so I will be holding it.
Tokyo Electron was purchased last week and it was doing well until the last few days, but it is early days yet.
Tips
Nothing much this week. I was keeping a close eye on ASML looking to buy on the dip, but it seems to be recovering and so held off buying.
Performance vs. Fisher Investments
As you may know, I have an account with Fisher Investments (Purisima Global Total Return B). They have a high TER of 1.5% but they are supposed to outperform the benchmark MSCI Core World ETF SWDA (shown in orange in the graph below, IKOR ETF is in yellow, Fisher/Purisima is the shaded line in blue)...
The YTD, 1 year and 3 year charts however, show that IWVG (which I hold in T212) had a better performance - the Fisher Purisima fund has not even outperformed their own benchmark SWDA.
Fisher/Purisima has approx. 100 holdings. Here are the top 10...
The other ETF's holdings are listed in the table below for comparison...
Another actively managed fund I am invested in is the Artemis Global Income Fund which has also outperformed the Fisher Fund in the last 1, 3 and 5 years...
Purisima has gained more over the last 10 years than SWDA has however and my main objective for my Fisher fund is for steady growth without too much loss in bad years - i.e. steady growth.
The performance of the Fisher Purisima fund has been disappointing. They have mainly concentrated on NYSE USA companies despite saying that they have weighted more towards countries outside the USA than SWDA, it does not seem to have improved their performance much.
Purisima performance YTD is approx. 9%, my IRR for YTD in T212 is currently 18% - double that of Purisima! I am beginning to wonder why I stick with them!
2026-07-23 P.S. This last paragraph is of course, an example of English irony which many people in the USA may not fully appreciate. If I was not satisfied with Fisher Investments, I would not still be with them. It is performance over the long term that counts.
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