LM portfolio as at 05/02/2021:
Code | Sector | Date Bought | Cost | Value | Gain/Loss |
---|---|---|---|---|---|
LM026 LM026-2 |
ETF | 14/10/2020 09/12/2020 |
£2160 | £2380 | 10.02% |
LM027 | ETC | 09/11/2020 | £1060 | £950 | (10.49%) |
LM028 | 'No specific industry' | 16/11/2020 | £1010 | £1100 | 8.57% |
LM029 | ETC | 23/11/2020 | £1030 | £1070 | 4.52% |
LM030 LM030-2 |
ETC | 23/11/2020 13/01/2021 |
£2030 | £2320 | 14.46% |
LM031 | Mining | 30/11/2020 | £1020 | £1180 | 15.52% |
LM032 LM032-2 |
Industrial Transportation | 07/12/2020 20/01/2021 |
£2070 | £2380 | 15.03% |
LM033 | Health Care Equipment & Services | 04/01/2021 | £1050 | £1040 | (1.30%) |
LM034 | Food & Drug Retailers | 18/01/2021 | £1020 | £990 | (3.12%) |
LM035 | Food Producers | 19/01/2021 | £1040 | £920 | (11.54%) |
LM036 | Food & Drug Retailers | 01/02/2021 | £1030 | £1030 | 0.27% |
One addition to the porfolio/fund since the last update - LM036. I've gone against my own rules and bought a second share within the same sector as LM034.
There are some very good reasons for this...
Most important is that this particular share announced a special dividend for investors and it appears to me, although I didn't do too much investigating, that the dividend would be paid to all investors holding on a day in the near future.
I figured it was worth a punt for one unit (£1,000) as if the special dividend is paid to me I will probably end up in profit on the trade and if I have it wrong, at worst, I will probably only lose 10% or 20%.
The share is a household name and at the very top of its sector so I'm not too worried about losing money.
Apologies, once again, that I can't name the share. I've mentioned before that I will never specify the exact name of any share I'm invested in until I sell the position. At that point you can see what my investment was in the "Completed Trades" page accessible from the home page.
This is deliberate. There are certain government bodies who spend their time looking for anyone who can be accused of giving financial advice without the correct licences. I don't want to fall foul of this and waste my time battling jobsworths.
If you listen, you can almost hear their justification: 'We must protect the everyday man from stock market losses!'
In my opinion if you buy shares based on what someone else is doing then you deserve to lose money. Simple as that. You can't be bothered researching or learning about investing so you should expect to be cleaned out of whatever money you put in.
Take for example the complete and utter stupidity seen in the ramping and subsequent massive fall of Gamestop shares.
If you aren't familiar with what happened, allow me to give a quick summary: a bunch of people got together and decided to purposely buy Gamestop shares to boost them up to insane levels as a way of "punishing" short sellers.
For this to work, somebody had to keep buying when the price was ridiculously high; Greater Fools.
Whenever this happens it is inevitable that the share will eventually crash back down to realistic levels (in this case, near zero).
These Gamestop shares went from around $20 to near $500 in the space on one month. Fantastic if you got in early (and, of course, managed to time it right and get out).
But think about the people who bought in at $100+. At that price you would think they did well when you consider that at one point the price rose to almost 5x that.
Problem is, if they didn't sell before February 2nd when the price dropped 60% then they have definitely lost money.
Indeed, I saw one "investor" post a woeful story as he was looking for advice: "I got in #GME 100 shares at 250 dollars, not sure if I should cut my losses right now or keep holding"
A fine example of the kind of person who "needs protecting" from the stock market. He jumped on the bandwagon, risking $25,000 on one share and then is desperate enough (and so completely clueless) that he resorts to asking on a public forum what to do.
Here's what he needs to do - sell immediately, take the huge loss as an expensive lesson, then destroy any internet-capable device he has and never go near the stock market again.
This is the type of person who will end up suing, trying to get his money back. If he had won, he would "understand" investing. But now he has lost, and wow what a huge loss, he will be looking for someone to blame and insisting he didn't understand the risks. At this point some government agency will step in to assist this moron in taking legal action against someone.
I hope you now recognise why I use LM codes rather than revealing my holdings, the last thing I'd want is to end up in trouble over perceived share tips.