LM portfolio as at 22/04/2022:
| Code | Sector | Date Bought | Cost | Value | Gain/Loss |
|---|---|---|---|---|---|
| LM045 | Gas, Water & Multiutilities | 06/12/2021 | £1280 | £1300 | 2.21% |
| LM047 LM047-2 |
ETC | 17/01/2022 03/03/2022 |
£2530 | £2880 | 13.76% |
| LM049 | ETC | 07/03/2022 | £1290 | £1210 | (5.93%) |
| LM050 LM050-2 |
ETC | 29/03/2022 12/04/2022 |
£2530 | £2840 | 12.30% |
A second unit was added to LM050 on the 12th of this month. And I was going to add another unit at the beginning of this week but I showed some self-restraint. The position was showing a 27% profit on Monday but this has calmed down as the week went on.
Sometimes holding off throwing money at a winning position can pay off.
The danger to the portfolio when the market is not doing anything is boredom. As I can't buy any UK shares at present it would be easy to start gambling on currencies and commodities when there is plenty of uninvested cash in the LISA. However, blindly buying something just to keep busy doesn't make sense and would likely lead to some painful losses.
At some point we'll be buying again. Must be patient in the meantime.
The Hut Group (THG) is up - finally - from its lows. It closed on Thursday over the £1 level for the first time since the beginning of March.
Unfortunately for its investors it is still down around 80% over the last year but the trading update it released on Thursday appears to have given it a bit of a boost. Time will tell whether it goes anywhere from here but I'm not convinced so I won't be buying in again.
Off-topic tinfoil hat time
I have been keeping myself amused by watching videos from one particular conspiracy nutjob who lives in the north west of England.
This week he has announced that he is planning to run as an independent candidate for MP in Burnley. I don't think the people of Burnley have any idea what is coming their way.
His plans include showing the townsfolk how to stop paying their electricity and gas bills "because you don't have to, through using common law".
He is also "going to push for a no-fly zone, for chemtrails".
Then, as if the above wasn't enough, this simpleton announced "I'm going to make sure, everybody in that town, their tap water is chlorine-free" (chlorine in this instance was pronounced to rhyme with brine).
Now there is no chance of this clown ever becoming an MP. He may be able to muster a couple of hundred votes, if he is lucky, but I would love to be a member of the audience if he was ever to enter a debate with another candidate. It would be cringeworthy and hilarious at the same time.
Let's hope it happens soon!