I agree with not having much time. But not about higher interest rate impacting the portfolio. Yes, it will impact the valuation on DCF basis. This is more relevant to companies running at losses now and hoping to make money in the future. About 95% of portfolio are companies making huge amount of money and very strong BS. As the valuation are bit on high side for MSFT & co, it will be down a bit. But FB, Google are not that expensive. All other consumer, visa, utilities have been there for 70 to 100 years and have gone through these cycles and excellent BS. More than anything these brands are so established , they have the brand power to pass on any price increases to maintain margins. Companies are not in these categories are the one that will suffer during high interest and low or moderate growth period. The impact on some of the countries in similar positions with high debt and foreign fx deficits will find it difficult too. US has the all the technology advantage In the world and well established multinational will always do better than the indexes. Hopefully that will attract funds to MfG.
MFG Price at posting:
$20.40 Sentiment: Buy Disclosure: Held
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