I've been thinking about the updates and how to report progress on this website.
With the kind of investing I do - long term with few trades - there could be many weeks where there are no changes to the portfolio.
As it stands unless I sell something to free up cash, or suddenly get a large dividend windfall (unlikely), then I won't be buying any new shares/ETFs until I add more money in the new tax year.
I've created a new spreadsheet to keep a record of the weekly valuation of the LISA Millionaire portfolio. Each week I'll record the value of open trades, the amount of cash in the LISA and also I'll take a screenshot of the account for future reference.
I really should've been doing this all along but for some unknown reason I've never took the 3 seconds each week to collect the data.
With 52 weeks' worth of portfolio values it should be possible to create a decent chart at the end of the year. At that point I hope it's a nice upward slope!
Here's how it looks as of close of play on Friday:
| Code | Sector | Date Bought | Cost | Value | Gain/Loss |
|---|---|---|---|---|---|
| LM001 LM001-2 |
Equity Investment Instruments | 11/06/2018 16/09/2019 |
£2020 | £2260 | 11.90% |
| LM009 | Gas, Water & Multiutilities | 05/02/2019 | £1010 | £1200 | 18.20% |
| LM012 LM012-2 |
Real Estate Investment Trusts | 20/05/2019 28/11/2019 |
£2030 | £2320 | 13.96% |
| LM014 LM014-2 |
ETF | 17/06/2019 02/12/2019 |
£1950 | £2820 | 44.41% |
| LM015 | ETF | 27/08/2019 | £970 | £910 | (5.79%) |
| LM016 | Travel & Leisure | 29/08/2019 | £1020 | £1080 | 5.99% |
| LM017 | Media | 11/09/2019 | £1000 | £980 | (2.51%) |
| LM018 | Construction & Materials | 11/11/2019 | £1020 | £1080 | 6.31% |
| LM019 | Travel & Leisure | 11/11/2019 | £1020 | £1110 | 8.77% |
| LM020 | Software & Computer Services | 28/11/2019 | £1010 | £1020 | 0.78% |
| LM021 | ETF | 16/12/2019 | £1010 | £1000 | (1.17%) |
The BBC has an interesting podcast which I've been listening to in the car. It's Radio 4's "Money Box" and it's easy to find via a podcast app or a search engine.
There was a feature about several people who had put money into a scheme where you buy individual hotel rooms. These investors have now discovered they have likely lost everything they put in. Someone on the show had invested almost £100k and was understandably very worried.
Much as this is awful and I wouldn't wish it on anyone, I can't understand why you would put all your money in one thing. If you have £100k to invest then surely it would be sensible to only risk £5,000 or £10,000 on any one idea i.e. only five or ten percent.
If a salesman comes along and says the minimum investment is £45k but you only have £100k in total, you simply don't have enough money to invest. You'll have to miss out. It baffles me that anyone would risk their whole life savings on one single investment.
Then there's all the Woodford drama (type 'Neil Woodford' into a search engine if you don't know who 'Woodford' is). Why would anyone invest all their money with just one person?
Humans are human and they frequently make mistakes. No matter how well Woodford might have done in the past, it didn't mean anything.
By all means invest with him if you want to but make sure to protect yourself, don't invest everything you have. It's simple - if you only invest 5% then you can only lose 5%.