INVESTING FOR A RICH RETIREMENT
HUMBUG’S INVESTMENT DIARY 31st AUGUST 2014
Great British Trade Off portfolio is up £1710 on the week.
The portfolio is up 9.1% since April, at an all time high. I’m 63% invested.
Once again nothing to buy or sell this coming week, but I remain jittery and watchful.
Making hay while the sun shines, staying invested as per my system and not trying to be clever and overriding it with what I think.
A brilliant week and I made hay while the sun shone, up £1710 and up 9.1% since the start of year two of The Great British Trade Off on the 5th of April.
The thing is guys, as you may know I’m investing not trading, so what else could I do? My charts said don’t just do something, stand there, so I did.
The idea I hatched almost a year ago (when I took myself off sailing to clear my head and work out a strategy to stop throwing my money away) is beginning to ‘bear fruit’.
LAST AUTUMN I DECIDED TO AGGRESSIVELY INVEST IN MANAGED FUNDS, USING CHARTS TO TARGET MOMENTUM.
Clever people look down their noses at oiks like myself from the wrong side of the tracks who use charts to base their trading and investment decisions on, but as I’m demonstrating its not quite as whacky as holding hands in a circle and dancing anticlockwise under a full moon thinking happy thoughts.
IT’S ALSO NOT QUITE AS SAFE AS HOLDING YOUR MONEY IN GOLD IN FORT KNOX.
In fact that’s an understatement. The down side of putting your money where in the world the most momentum is, is that it can go up like a rocket for sure, but it can also come down slightly faster when the flame goes out.
I really am quite jittery, it’s as likely that next week’s report will start ‘Ah, slight problem, the backside fell out of the tech sector and as a result I’m down ten grand on the week. But hey guys it’s not serious, it’s only money.