INVESTING (8)

INVESTING FOR A RICH RETIREMENT

HUMBUG’S INVESTMENT DIARY 14th SEPTEMBER 2018

FEATURE POINTS

Great British Trade Off portfolio is down £366 on the week.

The portfolio is up 7.6% since April I’m 16% invested,

The sell off that I’ve been jittery about for some time and that cost me £1000 in my last report has slowed and may be bottoming out and beginning to pivot back up.

I banked £4447 profit this week and whilst its now beginning to look as though I’m going to be whipsawed with the Tech funds and with Fundsmith I don’t regret the sales. Protecting the downside is paramount.

In addition to the five funds that were due to be sold this week I also sold the Neptune Global Technology fund for a profit of £1222 and the Axa Framlingham Global Technology fund for a profit of £1102.

As flagged up last week I was/am interested in the Pictet Timber fund, as a commodity it’s not directly correlated to stocks and shares, but it’s not triggered this week nor has the Smith and Williamson Artificial Intelligence Fund. But that one is right on my radar.

Unless things change dramatically when New York closes later this evening, I’ve only one trade to make this coming week. A £5k top-up of the Baillie Gifford American Fund. My current £5k holding is up nearly 30% in six months. Back the winners, sell the losers.

I’m off sailing again next week. I’ll place my buying order later tonight and forget about the market till next week. Rough life init, hope you have a good week as well.