LM portfolio as at 24/05/2024:
| 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 | £6230 | 61.93% |
| LM058 LM058-2 LM058-3 |
Support Services | 17/01/2023 20/07/2023 23/04/2024 |
£4060 | £4790 | 17.92% |
| LM061 LM061-2 LM061-3 |
Aerospace & Defense | 20/02/2023 13/10/2023 08/02/2024 |
£3820 | £5000 | 30.72% |
| LM071 LM071-2 LM071-3 |
Construction & Materials | 24/07/2023 22/09/2023 29/01/2024 |
£3840 | £5250 | 36.75% |
| LM075 | Equity Investment Instruments | 02/01/2024 | £1270 | £1110 | (12.64%) |
| LM076 | No Specific Industry | 03/01/2024 | £1270 | £1230 | (2.92%) |
| LM077 | Electronic & Electrical Equipment | 03/01/2024 | £1270 | £1120 | (12.34%) |
| LM078 | Banks | 03/01/2024 | £1270 | £1440 | 13.46% |
| LM079 | No specific Industry | 22/02/2024 | £1270 | £1420 | 11.97% |
| LM080 | Media | 27/02/2024 | £1290 | £1310 | 1.53% |
| LM081 | Mining | 26/03/2024 | £1530 | £1710 | 11.89% |
| LM082 | Life Insurance | 26/03/2024 | £1520 | £1480 | (2.95%) |
Sometimes people have good intentions but their advice is not very good.
1am, York, in a bar following the Fury fight. I ask a friend if he is still actively investing. At this point I should point out that I don't talk to anyone about this site, I post these updates and assume that someone, somewhere may find the site, read some of it and maybe bookmark it to come back another time to read any new posts.
Just like back in the early 2000s before "web 2.0" and social media basically ruined the world wide web.
Anyway, I am asking my friend about his investing adventures and he tells me that he lost his credentials for his broker account roughly around the time the lockdowns kicked in and only just got access again. So by leaving his positions open in the market he has done quite well.
I explain that I'm currently fully invested and doing very well, I'm very happy with the progress. It's certainly better than when I held Taylor Wimpey and logged on each day to see it had dropped off a cliff... AGAIN...
"You shouldn't have sold" says my mate, "housebuilders make loads of money, their shares will be a great investment long term. Look how many new estates are being built. You should've kept those shares."
Mobile signal was sketchy where we were so I couldn't check on Taylor Wimpey but I had a bad feeling that their shares had rocketed and I'd missed out by selling. My friend runs a very successful company so when it comes to business I will always listen to any advice he offers.
I got back from the weekend away and remembered to have a look at TW.
There was no need to worry, I hadn't missed out on an explosion in the share price. Quite the opposite.
My purchase price was 218p and the highest TW. has been since then is around 180p. If I had held my TW. shares from purchase in January 2020 until now, 4 and a half years later, I would still be 32% down.
AND my money would have been tied up for all that time leaving me unable to use it for better performing shares - such as those shown above in the table.
AND the position would've constantly been showing a red figure in my account, reminding me of its complete ineptitude week after week.
No, I did the right thing in getting rid of my TW. shares. Housebuilders may always make loads of profit but that doesn't translate to a growing share price.