LM portfolio as at 03/05/2024:
| Code | Sector | Date Bought | Cost | Value | Gain/Loss |
|---|---|---|---|---|---|
| LM055 LM055-2 LM055-3 |
General Financial | 11/01/2023 02/05/2023 20/12/2023 |
£3850 | £6070 | 57.93% |
| LM058 LM058-2 LM058-3 |
Support Services | 17/01/2023 20/07/2023 23/04/2024 |
£2540 | £4620 | 13.80% |
| LM061 LM061-2 LM061-3 |
Aerospace & Defense | 20/02/2023 13/10/2023 08/02/2024 |
£3820 | £4910 | 28.46% |
| LM071 LM071-2 LM071-3 |
Construction & Materials | 24/07/2023 22/09/2023 29/01/2024 |
£3840 | £4810 | 25.19% |
| LM075 | Equity Investment Instruments | 02/01/2024 | £1270 | £1160 | (8.17%) |
| LM076 | No Specific Industry | 03/01/2024 | £1270 | £1220 | (4.08%) |
| LM077 | Electronic & Electrical Equipment | 03/01/2024 | £1270 | £1120 | (11.97%) |
| LM078 | Banks | 03/01/2024 | £1270 | £1370 | 8.40% |
| LM079 | No specific Industry | 22/02/2024 | £1270 | £1320 | 4.27% |
| LM080 | Media | 27/02/2024 | £1290 | £1260 | (1.99%) |
| LM081 | Mining | 26/03/2024 | £1530 | £1660 | 8.86% |
| LM082 | Life Insurance | 26/03/2024 | £1520 | £1430 | (6.32%) |
What a wonderful time to be an equity investor. The UK stockmarket continues to THUNDER upwards and the LISAMillionaire portfolio is being carried up with it.
I've read enough investing-related books to know that it is at this precise time that you should be most cautious. It's easy to start thinking you're some kind of Buffet-level investment genius when you see new all-time highs in your portfolio every day and I find myself in that position at the moment.
Of course it was very similar back in February 2020 and then things went south quickly as everyone started to panic about "Coronavirus" - which as we all know soon became "COVID".
The markets quickly turned and started dropping at a tremendous rate. Shares falling 20% or more in a day weren't uncommon and it was very unsettling, and disappointing, to see my portfolio lose months worth of gains in a couple of days.
The crypto markets looked like they were about to fall significantly at one point last week but then nudged back up to around 10% below all-time high levels (in Bitcoin's case anyway). When you zoom out in a chart there is certainly a large resistance level which the market struggles to break through.
Many crypto bulls point to the new ETFs and the max limit of 21 million total bitcoin as a couple of reasons that the value will never fall too much. The problem is that most of their bullish explanations can usually be simplified down to the usual "it's different this time" that is always said in any bubble.
It's not.
I've said it before and I'll say it again, there'll be a huge collapse at some point from which someone will make a great deal of money. Won't be me though, I simply don't have the risk capital available to short crypto at the moment. And it's a real shame.
I can't say I feel like I'm missing out too much however as I am fully invested in the stockmarket and it is proving to be a great move... so far...