LM portfolio as at 06/11/2020:
| Code | Sector | Date Bought | Cost | Value | Gain/Loss |
|---|---|---|---|---|---|
| LM026 | ETF | 14/10/2020 | £1020 | £1010 | (1.00%) |
The only newspaper I read, the FT Weekend, had some interesting pieces in it this week.
Within the space of a few pages in the "Money" supplement there was first an article which was suggesting that Marks and Spencer would be a good buy and then the tipster page that gave a sell recommendation for the same share.
Several years ago I was an owner of MKS.
For some reason that escapes me now, I bought about a grand's worth of this share via phone and had the share certificates arrive through the post.
Yes, I thought it was a good idea to hold these shares outside of an ISA.
No, I've no idea why.
My records are a little sketchy about the time of purchase but I know that at some point I made the sensible decision to move them into my ISA (a process where they are sold and then re-purchased within the ISA known as "Bed and ISA"). And after receiving several dividends I sold all of my MKS shares at the end of July 2017.
So this was definitely a pre-LISA Millionaire purchase.
I sold at around 320p, MKS closed on Friday at 96p.
Considering I lost money on these shares, though I don't know exactly the price I bought at, it's safe to assume they were once at 400p or higher and so they are now at around 25% of what they were just a few years ago.
It would be a brave contrarian who buys into Marks and Spencer at this point and I'm definitely not in that camp!
Better news when it comes to the FTSE 250 however. It flirted with sub-200 day SMA pricing for a few days (during which I really should've sold my position after banging on about "rules" over and over) but is back above this indicator as of Friday.
Looking at the 52 week highs this week there are some definite contenders but with the FTSE 100 still below its 200 day SMA I will hold off for now.
Interesting, and rather annoying, to see FUTR go above 2000p. I sold for a nice profit at 900p and it dropped almost to 600p during the COVID panic but it steadily rises and rises...