The end of the 19/20 tax year was supposed to be a big deal. I had high hopes that the corresponding update on this site would proclaim the target reached and we're on the right track!
At one point it was close. Towards the end of February the portfolio value was just about at the 18% growth needed for this year. Then stock markets fell off a cliff.
So at the end of the 3rd tax year of LISAs being around the LISA Millionaire portfolio is slightly in the red with a 2.71% loss for 19/20.
With all the Coronavirus disruption and the unprecedented lockdown scenario we're having to live through, a small loss really doesn't seem too bad. I imagine there are hundreds of thousands, millions probably, who have far higher losses from all this upheaval. Anyone who just sat tight and kept their shares will be nursing larger losses - with the potential for much higher losses to come.
And that's one action I don't regret - selling down my portfolio.
I stuck to my rules. Time will tell if the rules are good or not but when it came time for action I followed the rules.
Here's where we stand going into 20/21:
| Code | Sector | Date Bought | Cost | Value | Gain/Loss |
|---|---|---|---|---|---|
| LM009 LM009-2 |
Gas, Water & Multiutilities | 05/02/2019 04/02/2020 |
£2020 | £1860 | (8.02%) |
| LM012 LM012-2 |
Real Estate Investment Trusts | 20/05/2019 28/11/2019 |
£2030 | £2350 | 15.71% |
I keep watching the markets although not individual shares save for the two which survived my cull. Mostly I look at the FTSE 100 and the S&P 500 because I want to see some growth. I want to see some signs that we're out of the dark and coming back into the light. Could take years, I'm in no hurry.