LM portfolio as at 30/04/2021:
| Code | Sector | Date Bought | Cost | Value | Gain/Loss |
|---|---|---|---|---|---|
| LM026 LM026-2 |
ETF | 14/10/2020 09/12/2020 |
£2160 | £2550 | 17.69% |
| LM027 | ETC | 09/11/2020 | £1060 | £1200 | 12.83% |
| LM028 | 'No specific industry' | 16/11/2020 | £1010 | £1160 | 14.74% |
| LM029 | ETC | 23/11/2020 | £1030 | £1320 | 28.48% |
| LM030 LM030-2 LM030-3 |
ETC | 23/11/2020 13/01/2021 08/03/2021 |
£3050 | £3600 | 18.35% |
| LM031 | Mining | 30/11/2020 | £1020 | £1500 | 46.99% |
| LM032 LM032-2 |
Industrial Transportation | 07/12/2020 20/01/2021 |
£2070 | £2780 | 34.43% |
| LM033 | Health Care Equipment & Services | 04/01/2021 | £1050 | £1130 | 7.05% |
| LM034 | Food & Drug Retailers | 18/01/2021 | £1020 | £1000 | (2.30%) |
| LM035 | Food Producers | 19/01/2021 | £1040 | £980 | (5.99%) |
| LM037 | Life Insurance | 03/03/2021 | £1020 | £1100 | 8.36% |
| LM038 | Banks | 10/03/2021 | £1020 | £1040 | 1.85% |
| LM039 | Pharmaceuticals & Biotechnology | 30/03/2021 | £1030 | £1030 | 0.72% |
| LM040 | General Financial | 27/04/2021 | £1020 | £1110 | 8.18% |
Interesting to read on This Is Money that over 40% of people who they surveyed were happy with the interest on their cash savings.
Looking at the Money Saving Expert site, the very best savings account available at present offers 0.45% per year. This is the best I could find that offers no penalties for withdrawals and no maximum deposit.
Using the rule of 72 a back-of-the-fag-packet calculation means it would take 160 years for any money saved at 0.45% to double.
One hundred and sixty years.
And a lot of people are happy with that...
Apparently nearly 40% of the people surveyed don't understand how investing works and 54% said that they felt investing was not for people like them.
This is brilliant news for those of us who invest on a regular basis.
First of all, if the majority aren't doing it then being a contrarian and investing in the stock market must surely be a good idea.
Second, these findings are a tip off that we are nowhere near the peak of the stock market.
If this many people are still to invest (more than half the population aren't buying shares if this survey is a good indication) then there is still some way to go.
This survey suggests we're a long way off the point where taxi drivers start giving share tips. People must still be discussing buy to let and Bitcoin as their potential get-rich-quick methods. There's still time to invest in shares and get a head start.
It is precisely these people, who aren't confident in investing and don't have the confidence to learn about it, who will jump in feet first with all their savings whilst the stock market is at the very top. They will pile in to buy the shares of the canny investors who are cashing out. And they will do it to avoid "missing out".
Yes, the fact that at least 54% of the UK population is avoiding the stock market at the moment is a superb indicator that I should be investing as much as I possibly can!
Two new positions in the above table, both new 52 week highs and both already in profit which is just what I want. After all, if a trade is currently in profit then it is justifying its position in the portfolio. There are still two hold-outs which stubbornly remain at a loss but these are being monitored closely and will be sold if they don't start moving up.