The Great British Trade Off: Humbug (investing) is flat but Fagin (trading) is scorching + 45%
Humbug is flat and says calm is good; Fagin trousers another £1400 – 45% up and on FIRE
In spite of the ‘Facebook Drama’ and a little local difficulty with the Marlborough UK Micro Cap Growth Fund it’s been a calm (ish) week for my Great British Trade Off portfolio, which is up slightly on the week.
Calm is good…………………………..we like calm.
What I’m doing is aggressively investing in funds to create some serious wealth for financial independence and a rich retirement, if and when I ever decide to slow down.
So although I’m aggressive in my investing style, its not all buy buy buy, sell sell sell. The less drama there is the more I like it.
I must say I had a little mini-flap when I heard in a news report that Facebook was down 20% on poor numbers. But one of the joys of holding funds is that my money is spread far and wide and I don’t just mean far and wide across the eleven funds I currently hold in different sectors, but far and wide across the companies that my three Tech funds hold.
The result was that while Facebook’s wobble has caused ripples across the sector and all three of my Tech funds are slightly down, but so far the operative word is ‘slightly’.
I worried about the very high valuations in the sector before I bought in, but I’m a momentum investor trading chart signals, so all I do is follow the money. My investments live or die depending on the signals the charts make.
And what a ride it’s been over the last few months.
So far the Tech sector has been a brilliant investment for me. In this second year of the Great British Trade Off I’m up 22% with the Neptune Global Technology Fund.
Up 20% with the Axa Framlingham Global Technology Fund.
And up 14% with the Polar Capital Global Technology Fund.
Over the three funds I’m running profits of £3485 so I’m in no hurry to second guess where things go from here. For as long as the upward momentum holds, I want my money in there.
I’ll be continuing to hold all three funds unless or until their prices fall below the six week moving average (red line) which in each of these case’s is my ‘take profits’ point.
My hope is that if there is a correction it won’t be too severe and won’t tip me out of any or all of the funds. We shall see.
Nothing to buy in the coming week, but one small position to sell. The Marlborough UK Micro-Cap Growth Fund has crashed and burnt
As you see it’s made my ‘take profits’ signal of coming down through the red line. Because of my concerns over the shambolic way our glorious leaders are running our country I only had a token investment of £1k in the fund, as I write the profit to take is £27…………………………………..I’ll place a selling order over the weekend and take the money on Monday.
Sadly that’ll leave me with no money directly in my home market, what an indictment of our governments industrial policies that is when all the best investment opportunities are off-shore.
The facts and figures are my Great British Trade Off portfolio is up £165 on the week and tonight stands at £100,082.00 up a fraction over 8% since the second year of the competition started on April the 5th 2018.
Fagin on fire on the way to FIRE – Financial Independence, Retired Early
In a word, I was too cowardly to do what I knew to be right, as I had been too cowardly to avoid doing what I knew to be wrong. Charles Dickens.
It’s been a difficult yet rewarding time for me this week. Volatility in the US had made me view the market very cautiously. Each day as I checked in I expected to be stopped out or to have to take profits before they bled away, yet my actual trades behaved fairly well.
I’m trying to trade my way to Financial Freedom using the liquidity that large cap stocks provide. The key for me is making regular steady profits and avoiding large losses. It’s all about risk and reward.
I sold nearly half my position in Evraz (EVR) at the close on Friday netting a little over £1800. Big shame, I could have had more if I’d got out earlier in the day. I was at a meeting in the morning when my price target of 560p was hit.
The price came back during the rest of the day and collapsed in the afternoon when 554p failed to hold. I took profits at 547 just before the close.
You may be surprised to hear that I hung on to Highland Gold Mining (HGM) after all. I went to rip the plaster off on Monday and take a circa £1400 loss as planned, when I noticed the price action forming some support.
The following days were even better as you see. I’m still carrying a circa £375 loss, but I may now be able to nursemaid an exit at around breakeven or better.
I have the second half of my Evraz (EVR), a further 5000 shares, that are +8.39% a rolling profit of £2117 that I will look to close out on Monday. I’m also running sound positions in Advanced Medical Solutions (AMS) which as you see is rising strongly
and Cairn Energy (CNE) doing likewise.
Together they have a rolling profit of +£1408 this week. My tiny positions in HLMA, KAZ, and JD. are slightly up in line with the market. My other two tiny positions LGEN and CLDN are slightly down.
My Great British Trade Off portfolio now stands at £145,558.08. It’s going strongly in the right direction but I need a great deal more if I’m to reach the Financial Freedom I so badly want.