LM portfolio as at 13/11/2020:
Code | Sector | Date Bought | Cost | Value | Gain/Loss |
---|---|---|---|---|---|
LM026 | ETF | 14/10/2020 | £1020 | £1010 | 6.78% |
LM027 | ETC | 09/11/2020 | £1060 | £970 | (8.26%) |
Big, big jump in the FTSE 100 last Monday and also in the FTSE 250.
I had already added a new position on Monday morning which you can see in the above table - LM027. This is an ETC, an Exchange Traded Commodity. Until we got above the 200 day SMA in share indicies I wasn't going to invest any money in individual shares but all along I had been open to some commodity trades.
Should this bullish trend continue you will see more money being drip-fed into the market in future updates.
Just before writing this I made an investment into a UK share. Just a small "one unit" purchase which I will add to should the share continue to rise. Obviously if it falters and moves back down I will look to sell.
Next week, over the weekend, I'll look for more shares to purchase and repeat this each week.
It would be nice to be more heavily invested should we get an end of year rally but I sit ever-ready to move should anything turn south.
I've got to remain disciplined and cautious but also willing to invest whenever the opportunity presents itself.
Bitcoin is moving higher again, up over $16k today.
Long gone are the discussions about using Bitcoin as a day-to-day currency for purchasing items and paying bills. That was what all the self-proclaimed Bitcoin experts would talk about if we look back 5 years or so.
It was big news if a new Bitcoin ATM was put into service. CEX, a second-hand media trading shop in the UK, made a big deal about accepting Bitcoin. You would see notices in coffee shop windows explaining that they accepted Bitcoin.
As far as I can see, all of that is gone now. Bitcoin has become an investment vehicle. No-one is buying or selling anything using Bitcoin as the currency in the transaction. After the $20k peak in late 2017 the sentiment changed and owning Bitcoin nowadays is a pure "Greater Fool" play.
The only reason most people are buying Bitcoin is in the hope that further down the road they can sell it to a greater fool for more money.
It would certainly be very interesting to know how many people are still holding their Bitcoin from the last peak.
3 years of sitting on massive losses doesn't sound like much fun but if the rise continues they just may still be able to come out at parity.