LM portfolio as at 17/02/2023:
| Code | Sector | Date Bought | Cost | Value | Gain/Loss |
|---|---|---|---|---|---|
| LM051 | ETC | 07/11/2022 | £1270 | £1350 | 6.23% |
| LM053 | ETF | 09/01/2023 | £1280 | £1300 | 1.58% |
| LM054 | Banks | 09/01/2023 | £1270 | £1290 | 1.49% |
| LM055 | General Financial | 11/01/2023 | £1280 | £1430 | 11.83% |
| LM056 | Media | 11/01/2023 | £1270 | £1300 | 2.35% |
| LM057 | Gas, Water & Multiutilities | 12/01/2023 | £1270 | £1350 | 5.97% |
| LM058 | Support Services | 17/01/2023 | £1270 | £1200 | (5.40%) |
| LM059 | Industrial Transportation | 30/01/2023 | £1260 | £1140 | (9.74%) |
| LM060 | General Retailers | 06/02/2023 | £1270 | £1230 | (2.89%) |
I just re-read the last two updates and was stuck by how smug I came across by first having a go at First Direct for sending me an email about taking out a loan and then following it up in the last update by describing how it might be a good idea to get a loan!
In terms of being able to invest this year's full LISA allowance, it's not good timing.
Whilst we're keeping up with all the bills, there isn't much to spare. Add to that an expensive holiday booked for later this year and the word "squeeze" springs to mind.
As everyone knows, utility bills have gone ridiculous. For two years we were on a fixed-rate bill and it only became apparent how brilliant that rate was when we dropped off it in December and the bill was 6 times higher than November's bill.
Obviously something was amiss there but I've not looked into it properly. For now I've simply allowed them (Ovo Energy) to increase the direct debit.
The government has been crediting our account with £67 every-so-often but then Ovo immediately refunds this as cash straight to our bank account. They must have some reason for doing this but it's money I didn't have before so I've been sending it straight back to them in the hope of maybe getting into credit.
Hasn't worked so far.
This does confuse me somewhat because the price of Natural Gas is now 2.3 where at one point it got as high as 10. So surely this must relate in some way to the gas prices charged by the utility companies?
I can understand there may be a delay in seeing wholesale prices come down following a fall in cash prices, but how long would it take for that to happen?
Fingers crossed the fall in Natural Gas futures will prompt things to calm down soon. I'd certainly prefer bills to be around the £100 per month mark rather than £250.
Another share purchase was added on Monday which will be reflected next week in the table. Hopefully there will be more to purchase come this weekend.
Things are looking up - the FTSE 100 made an all-time high of 8,014.31 yesterday.
All the shares I have purchased this year have made recent 52 week highs and I hope to profit from the upwards momentum in the market. I did buy one share that is "small cap" at £170m but the rest are all decent sized companies so they should, should, increase if/when the FTSE 100 and FTSE 250 increase.