LM portfolio as at 23/04/2021:
| Code | Sector | Date Bought | Cost | Value | Gain/Loss |
|---|---|---|---|---|---|
| LM026 LM026-2 |
ETF | 14/10/2020 09/12/2020 |
£2160 | £2530 | 16.79% |
| LM027 | ETC | 09/11/2020 | £1060 | £1140 | 7.85% |
| LM028 | 'No specific industry' | 16/11/2020 | £1010 | £1110 | 10.11% |
| LM029 | ETC | 23/11/2020 | £1030 | £1280 | 24.19% |
| LM030 LM030-2 LM030-3 |
ETC | 23/11/2020 13/01/2021 08/03/2021 |
£3050 | £3540 | 16.25% |
| LM031 | Mining | 30/11/2020 | £1020 | £1460 | 42.84% |
| LM032 LM032-2 |
Industrial Transportation | 07/12/2020 20/01/2021 |
£2070 | £2780 | 34.32% |
| LM033 | Health Care Equipment & Services | 04/01/2021 | £1050 | £1080 | 2.49% |
| LM034 | Food & Drug Retailers | 18/01/2021 | £1020 | £1020 | (0.28%) |
| LM035 | Food Producers | 19/01/2021 | £1040 | £950 | (9.05%) |
| LM037 | Life Insurance | 03/03/2021 | £1020 | £1070 | 4.71% |
| LM038 | Banks | 10/03/2021 | £1020 | £1030 | 0.81% |
Just started a new contract this week and was delighted to find I could hit the ground running with little assistance from my new colleagues. I suppose that's what happens when you have 17 years' experience in your chosen field.
The new position came with a very welcome 25% increase in day rate and is also a 100% work from home position. This means zero expenditure for parking, fuel, lunches and so on.
My plan is simple - although my income will increase I will continue to pay myself the same as I did in my last contract and then save the difference.
With any luck, this will add up to more than I need to put in the LISA each month so I can quickly fill the £4k allowance for the 2021/2022 tax year. Anything else will be used to pay off some debt we've incurred from renovations on our house.
As far as the LM portfolio is concerned, it's ticking along nicely.
The table above shows that almost all the positions are in profit with only 2 stubborn hold-outs.
4 of the shares are currently ex-dividend so the fund will see a little injection of income in the form of dividends soon.
I'm not sure what the rules are concerning dividends in a Lifetime ISA. Is it possible to have them paid out to an external bank account or do they need to remain in the LISA until I reach 60?
Not that it matters.
At the same moment I set up the LISA I made the decision that all money that enters it will not leave it until, at the very least, my 60th birthday. Until then I will use all available funds for investments and allow compounding to work its magic.
Speaking of which, there are still some available funds in the LM portfolio so I can invest at any point where I see an opportunity.
This is likely to be a new position rather than adding to an existing one. I continue to make note of the new 52 week highs each week but I've not investigated any for a couple of weeks now. This week I will ensure I do so as the market has been doing well over the last few weeks and if this continues I want to be fully invested to take advantage.
Crypto
Anyone looking for investment gains will almost certainly have come across cryptocurrencies and noticed the massive growth in these instruments over the past few months.
It used to be that people would talk about Bitcoin being a decentralised currency that we would all use day-to-day to buy goods and services. Now that it is worth $50k+ all those discussions are long gone and all the holders talk about is how high they think the price will rise.
There will be a day of reckoning for Bitcoin and all these other coins.
The growth upwards has been spectacular and I imagine that when the bubble finally pops these coins will fall further and faster than anyone could ever have imagined. After all, there is nothing at all behind these coins and all it needs is for people to lose faith and the party will be over.
In short, if you have invested then just be mindful where the door is.