LM portfolio as at 12/03/2021:
| Code | Sector | Date Bought | Cost | Value | Gain/Loss |
|---|---|---|---|---|---|
| LM026 LM026-2 |
ETF | 14/10/2020 09/12/2020 |
£2160 | £2430 | 12.41% |
| LM027 | ETC | 09/11/2020 | £1060 | £950 | (10.23%) |
| LM028 | 'No specific industry' | 16/11/2020 | £1010 | £1060 | 4.80% |
| LM029 | ETC | 23/11/2020 | £1030 | £1210 | 17.76% |
| LM030 LM030-2 LM030-3 |
ETC | 23/11/2020 13/01/2021 08/03/2021 |
£3050 | £3690 | 21.31% |
| LM031 | Mining | 30/11/2020 | £1020 | £1380 | 35.12% |
| LM032 LM032-2 |
Industrial Transportation | 07/12/2020 20/01/2021 |
£2070 | £2810 | 35.95% |
| LM033 | Health Care Equipment & Services | 04/01/2021 | £1050 | £1080 | 2.11% |
| LM034 | Food & Drug Retailers | 18/01/2021 | £1020 | £990 | (3.04%) |
| LM035 | Food Producers | 19/01/2021 | £1040 | £990 | (4.74%) |
| LM037 | Life Insurance | 03/03/2021 | £1020 | £1010 | (0.80%) |
| LM038 | Banks | 10/03/2021 | £1020 | £1010 | (1.26%) |
Sold my first position of 2021 on Monday. The code was LM036 and the share was Tesco (TSCO).
I bought it for a pretty foolish reason; I had heard that holders were to be paid a special dividend so I wanted in!
In the end the share price didn't move up and the number of shares in issue were reduced to pay for this dividend so I ended up losing a grand total of £103.45.
It was a daft purchase and so I deservedly lost money. This will hopefully reaffirm the lesson that there's no such thing as a free lunch, especially when it comes to the stock market.
Selling Tesco leaves me slightly more diversed as I now only have one share in the "Food & Drug Retailers" sector.
From that information you can probably figure out what the remaining share is - or at least give it a good guess. However, if you're going to buy a share based on what some numpty on the internet has bought then you're in trouble before you begin.
If you base your share buying decisions on what some strangers tip it's perfectly possible that at some point you may get lucky but how do you know when to exit?
When everyone's running for the door?
When the loss becomes too much to bear?
When another stranger says they heard a rumour that the books are cooked?
Same with Sunday newspaper share tips. They will happily recommend shares to buy each week but do they always tell you when to sell? You're lucky if losing shares are ever mentioned again. They will sing from rooftops about the winning shares they tipped but not the ones which plummet from the moment they tip them.
For this LISA Millionaire experiment to work I have to figure out a winning formula myself. I expect that is true for anyone who wants to succeed as an investor - you have to do it yourself or pay someone to manage your money. You can't follow 'tips' and hope to be a long-term success.
Elsewhere in the portfolio I added another unit to LM030 this week. This takes the position to three units which is beyond my original limits for a trade but the underlying asset is on a strong run so I was prepared to take a little more risk and use up some more cash to, hopefully, benefit from its continued rise.
And I opened LM038 on Wednesday. This is a share in the "Banks" sector and the winner from a choice of two new 52 week high bank shares that I had.
Normal rules apply - it will be sold if it drops below the 200 day SMA for three days or it sits at a loss of 20%... or it doesn't rise and I tire of waiting.