LM portfolio as at 14/08/2020:
| Code | Sector | Date Bought | Cost | Value | Gain/Loss |
|---|---|---|---|---|---|
| LM009 LM009-2 |
Gas, Water & Multiutilities | 05/02/2019 04/02/2020 |
£2020 | £1970 | (2.78%) |
| LM012 LM012-2 |
Real Estate Investment Trusts | 20/05/2019 28/11/2019 |
£2030 | £2400 | 18.20% |
| LM023 | ETF | 19/05/2020 | £1020 | £1090 | 7.02% |
| LM024 LM024-2 |
ETC | 01/06/2020 23/06/2020 |
£2030 | £2190 | 7.98% |
LM025 was closed off on Monday for a 4.75% loss on the original investment. This was an ETC on Copper and as the price closed at a 20 day low on Friday the 7th August it was sold as per the rules.
There isn't very much that's moving at present except some commodities and Bitcoin. The FTSE 100 is doing nothing and so that is preventing me from doing anything.
So why have I stopped doing anything?
Uncertainty.
Yes, there's always uncertainty when it comes to investing but I want some pointers that suggest the markets may start moving up before I commit any more cash.
At this point in time I do feel I've been lucky. Or maybe I've been sensible rather than lucky.
I've paid a total of £13k into my LISA and it's currently worth around £16.2k. The bonuses I've received add up to £3250 which means as it stands I have "lost" £50 of the bonus amount. When I consider the March falls I do feel that the LM portfolio has performed well over the last few months.
The fund hasn't really lost any money - it's pretty much break even at present.
I've successfully protected my bank.
LISAs launched in April 2017 and at that point the FTSE 100 was 7,200 or so. It's now at 6,000 - a drop of 16-17%.
The market's dropped around 16% but I'm at breakeven. I like to think I'm a patient person and I want to believe that being patient will pay off.
If necessary I will wait for years if there is no opportunity to invest. However, I know that eventually the markets will start to rise again and the value of my portfolio will rise too.
Until it starts to rise I will continue to hold this cash. As I've stated before this LISA Millionaire experiment needs an 18% per year gain over 20 years in order to succeed. It's fine by me if that means several years of zero gain before I catch up with a year or two of bumper gains.
Spectacular gains won't have the desired effect if I lose money by being too rash now in what's possibly a market with some way still to fall...