LM portfolio as at 07/08/2020:
| Code | Sector | Date Bought | Cost | Value | Gain/Loss |
|---|---|---|---|---|---|
| LM009 LM009-2 |
Gas, Water & Multiutilities | 05/02/2019 04/02/2020 |
£2020 | £1980 | (2.06%) |
| LM012 LM012-2 |
Real Estate Investment Trusts | 20/05/2019 28/11/2019 |
£2030 | £2410 | 18.49% |
| LM023 | ETF | 19/05/2020 | £1020 | £1110 | 8.53% |
| LM024 LM024-2 |
ETC | 01/06/2020 23/06/2020 |
£2030 | £2170 | 7.28% |
| LM025 | ETC | 08/07/2020 | £1030 | £980 | (4.42%) |
Following my weekend checks it looks like I will be closing LM025 at some point today (update - I sold as I was writing the below so I will explain in next week's post).
This is one of the 40 day Highest High, 20 day Lowest Low trades. On Friday this commodity closed at its lowest price in 20 days which is a signal to come out of the trade. I'll lose a few quid but rules are rules and discipline is key if the bank is to grow over time.
The FTSE 100 continues to do very little. I keep my own spreadsheet of closing prices and then calculate several simple moving averages from these prices. As I've mentioned before I will likely not buy any shares until I see some signs of growth in this index. That's probably going to involve the price moving above the 200 day SMA.
From what my spreadsheet is telling me, the 200 day SMA is moving down and as of Friday the index would need to rise about 10% to go above this curve and give a reasonable signal that a recovery is on the way. COVID did some damage to my portfolio and I saved myself a great deal of anxiety and stress by just selling any position showing weakness.
One position that was painful to close was LM022 - Taylor Wimpey (TW.) - which I closed at a near 50% loss. Perhaps I wasn't quick enough getting out and I could've pulled the trigger a day or two earlier and only lost 30%.
Doesn't matter, it's done now.
I sold out on the 16th March 2020 when the price was around 124p. Since then it briefly dropped as low as 101p before rallying to 166p at one point. Today I looked and it's down at sub-120p so although selling it and accepting the loss was painful, keeping hold of it would've been very difficult as well.
There's no way of telling where we go from here. As always I log in to my brokerage account once a day to make sure nothing drastic has happened then do a thorough check each Saturday. I apologise this doesn't make for particularly exciting updates but the real excitement will take time.