How a decade of NAPS portfolios beat every fund manager in the UK

I can hardly believe it, but it’s about to be ten years since the inception of the NAPS Portfolio at Stockopedia. And what a decade it’s been for UK stocks. We’ve had Brexit, six Prime Ministers, a pandemic, FTSE indices that have gone nowhere, an AIM index that’s gone backwards, and a torrent of delistings as company executives up sticks and move to the USA where everything is going gang busters.

So it’s rather surprising to find that the humble NAPS Portfolio has done rather well. This model portfolio that I run based on the StockRanks only invests in UK stocks. It’s so simple, it takes barely an hour every year to put together. Minutes really. The writing and thinking take far more time.

But these few minutes of work each year have yielded a more than a tripling of the starting capital. Compounding at a 13% annualised rate, the NAPS have beaten every UK fund manager, all the UK indices, and even the Samp;P 500. Yes, just by investing in UK stocks. 

Playing a winning hand

Picture sitting at a card table, and being dealt a hand so strong you know it's almost certain...