Pirate Pension Fund +26% For 2025
Process, Risk, Performance, Top 10 Holdings, Big dividend-yields-on-cost...
Welcome to another edition of ROE The Boat.
For this issue I want to introduce you to the Pirate Pension Fund - my own personal portfolio.
Yes, I know what you’re thinking… boats, sailing the seven seas, pirates… this guy is obsessed with sea faring.
I hope by opening up the hood and looking into the engine of my personal portfolio it will provide readers with a better understanding of how I invest, and more importantly introduce you to more interesting public companies.
If I had to label this portfolio with an investment style I would describe it as…
‘Consistent growth at a reasonable price with a bias towards smaller quality founder led companies.’
In this issue I cover…
My investing process.
Reducing the risk of ruin.
Performance.
Portfolio metrics.
Thoughts on gold/currency debasement.
Top 10 holdings.
2 new additions.
Final thoughts.
Let’s dive in…
Please note: this article should act as an introduction to the companies mentioned and is not a complete deep dive. Make sure you do your own research before investing in any company mentioned in this newsletter.
The January issue of ROE The Boat can be downloaded below… 🗞️
Thanks for reading.
Good stuff