TIM’S WEALTH LETTER — 15 JULY
The past week
The number that markets had been waiting for arrived on Tuesday: US inflation eased to 3.5% in June, better than expected. Shares rose. When inflation behaves, interest rate cuts get closer — and shares like that.
America's results season opened this week too. The big banks went first and beat everybody’s expectations. Early days, but a decent start to earnings season.
So: the S&P 500 sits at 7,530, up 0.6% on the week. The FTSE 100 added 0.3% to 10,516. A quiet week, despite the good news underneath it.
The Foundation
This week | 30 days | Since bought | |
|---|---|---|---|
S&P 500 ETF (VUAG) | +0.8% | −0.4% | +77.4% |
Up 0.8% this week. Down 0.4% over the month. If those two numbers seem to disagree, that's the point — week to week, this is just noise. Ignore it!
The number that matters is the last one. Since May 2023 the Foundation investment is up 77.4% — £10,000 invested then is now worth £17,741 and all I've done is leave it alone.
A quiet week — just stick to the plan.
Below the line this week
One of my stocks jumped 22% this week after a $53 billion takeover bid landed. The full story — and what I'm doing about it — is below, along with the complete ETF portfolio (a quiet week, with one exception) and the stock portfolio (its liveliest week in months), every position, every number.
The rest of this letter is for paid members.
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