LM portfolio as at 22/01/2021:
| Code | Sector | Date Bought | Cost | Value | Gain/Loss |
|---|---|---|---|---|---|
| LM026 LM026-2 |
ETF | 14/10/2020 09/12/2020 |
£2160 | £2320 | 7.14% |
| LM027 | ETC | 09/11/2020 | £1060 | £960 | (9.07%) |
| LM028 | 'No specific industry' | 16/11/2020 | £1010 | £990 | (2.05%) |
| LM029 | ETC | 23/11/2020 | £1030 | £1090 | 5.76% |
| LM030 LM030-2 |
ETC | 23/11/2020 13/01/2021 |
£2030 | £2150 | 5.90% |
| LM031 | Mining | 30/11/2020 | £1020 | £1200 | 17.40% |
| LM032 LM032-2 |
Industrial Transportation | 07/12/2020 20/01/2021 |
£2070 | £2330 | 12.99% |
| LM033 | Health Care Equipment & Services | 04/01/2021 | £1050 | £1010 | (4.34%) |
| LM034 | Food & Drug Retailers | 18/01/2021 | £1020 | £1030 | 1.15% |
| LM035 | Food Producers | 19/01/2021 | £1040 | £970 | (7.14%) |
This week saw me trying to be a little more aggressive with my investing. As I see it the market is doing OK at the moment so it makes sense to invest when the opportunity arises.
Having a few grand sat in cash in my LISA is all well and good but it earns nothing. I've been cautious for months now, patiently waiting for the right moment. The wait appears to be over and there are new opportunities popping up each weekend during my regular checks.
So, with that in mind I have splashed out on two new investments that I have cleverly named LM034 and LM035. As per usual these shares were both identified as potential winners as they made new 52 week highs very recently.
In addition to the new arrivals I took the time to add to an existing position - LM032. This trade had got to 20% in profit so I added another unit.
There is still some spare cash available to the tune of around 3 "units". But considering we're only 3 weeks into the new year I will hold tight for now.
Online berks
I am well aware that I should know better but I wandered onto Twitter the other day after listening to my favourite amateur investor podcast. It'll be a cold day in hell before I'd take any investment ideas from the clowns who host the podcast but I still listen to each episode when it is released.
Anyway I checked the Twitter account of one of the hosts and reminded myself that he spends a ridiculous amount of time posting inane facts about random shares. Then he retweets stuff from other investors. It's no exaggeration to say he spends hours and hours doing this stuff and I can't see what benefit he gets from it unless he's just really bored otherwise.
Somehow this reminded me of a thread I saw somewhere back in mid-2020 where one poster was asking whether it was a good idea to buy William Hill shares as they had dropped so much. I think I replied along the lines of "leave well alone, they will likely drop more".
Despite my superb advice, other contributers to the thread were far more positive and this was all the encouragement he needed. He invested in WMH and to my immense irritation he pretty much managed to catch the exact bottom of around 30p.
Several days later he was crowing about what an investment genius he was and how glad he was he didn't listen to the doubters.
Fast forward a couple of months and William Hill is up at 250p or so.
Another poster parps up - "hey, you must be really pleased you bought the shares so low, you're up nearly 10x!"
Original poster replies along the lines of "no, I sold them after they doubled so I could buy XYZ".
Fair play to him that he admitted he hadn't caught the big run up but the fact he had sold WMH quickly wasn't a surprise.
He got lucky with WMH then likely bought XYZ hoping for another big run up. I predict, although I'll never know for sure, that he then sold XYZ shortly after before jumping on another 'hot' share. By now he has likely lost all his bank repeating this over and over until all the money was gone.
The whole episode was another in a long line of examples of lucky investors shooting themselves in the foot. Most of the time you don't hear about what happened unless they made money. If they lose, they don't come back to give an update...