LM portfolio as at 30/08/2024:
| 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 | £6690 | 73.83% |
| LM058 LM058-2 LM058-3 |
Support Services | 17/01/2023 20/07/2023 23/04/2024 |
£4060 | £4930 | 21.46% |
| LM061 LM061-2 LM061-3 |
Aerospace & Defense | 20/02/2023 13/10/2023 08/02/2024 |
£3820 | £4930 | 28.83% |
| LM071 LM071-2 LM071-3 |
Construction & Materials | 24/07/2023 22/09/2023 29/01/2024 |
£3840 | £5370 | 39.69% |
| LM078 | Banks | 03/01/2024 | £1270 | £1540 | 21.13% |
| LM079 | No specific Industry | 22/02/2024 | £1270 | £1660 | 30.98% |
| LM080 | Media | 27/02/2024 | £1290 | £1290 | 0.01% |
I'm back from honeymoon, the kids are back in school/nursery and I am RARING to go.
Work has been very scarce for the last few months but I'm now having to juggle a couple of self-employed opportunities as well as work out if I want to accept a job offer.
Plus I have just had a 2nd interview for a permanent job that I would really like to land. Apparently it's down to me and one internal candidate.
So things are finally looking up.
Should I get offered this second job then I will be letting down at least one person who wanted me to come in as a contractor. I'm hoping a frank conversation will smooth all that out. I've known this person for 20 years so I am pretty sure they will understand.
All that is irrelevant if I'm not offered this job.
If that position doesn't pan out then I'll just juggle the two self-employed positions - and earn a lot more money...
The first job offer I received was a bit of a shock as I was on a Greek island and my phone was usually locked away in the safe in my hotel room.
On checking it one Friday I found a load of emails asking me to complete all the onboarding for the role. Of course, I couldn't do any of this as I was far too busy working my way through the cocktail menu. In addition, I needed to clarify some details that weren't covered in the application or the interview; specifically the working conditions.
A very important consideration - what kind of hybrid working do you offer? I got the impression it was 5 days a week on-site which in this day and age I deem completely unacceptable.
I've emailed the person who would be my line manager and asked what the deal is. If it does turn out to be all on-site work then it'll be a hard no.
My life has changed drastically over the last 4 years and I simply couldn't commute to an office everyday. There's no need with the kind of work I do.
At a stretch I could to maybe 2 or 3 days in the office but there would have to be at least 2 days working from home each week.
Commuting sucks and I want to do as little of it as possible.
The Portfolio
There's a massive issue with the LM portfolio at the moment - each position is doing very well but I have to trim something as I need money again.
On the one hand it's a good position to be in, everything is going up and looking really healthy (see table above).
On the other hand it's terrible...
I NEED to withdraw some money so I am forced to pull the plug on at least two shares in order to free up some capital but killing these really strong and profitable trades goes against everything I believe when it comes to investing.
This should be the last destructive amendment to the LM fund.
I fully expect to be in full-time, permanent employment very soon and with all the wedding and honeymoon expenditure done and dusted I should be able to stop hemorrhaging money and get back on track with savings.
The wages from any job I get should cover all of the household expenses and debt repayments and then all my bookmaker and Betfair dealings should provide for reasonable investment funds going forward.
I hate withdrawing from my LISA but there really was no alternative. Initially I sold some good assets which covered me for a while but sometimes need must.
The LM fund will recover. More importantly we have financed a wedding - an absolutely brilliant wedding - with the minimum of debt and can now start to build again.
So hopefully that job offer phone call comes at some point this week.