No seriously I am…
I mean, my portfolio values keep going up, the birds sing wherever I roam and everywhere smells of roses!
Ok ok, time for a spot of realism. I’m not a financial expert by any stretch, or even of average intelligence on the matter, but it’s fairly obvious even to me the markets generally have been on a tremendous bull run for quite some time now. Even a crap trader such as myself has managed to make a decent return so far (bar the odd big mistake), so the impression given currently is it’s an absolute doddle. You find a share, buy it, and hold for the inevitable rise in value. Easy peasy!
“We simply attempt to be fearful when others are greedy and to be greedy when others are fearful” – Warren Buffet (of course)
This is something I’ve become more and more conscious of in recent weeks. I keep seeing comments such as “this run still has more legs” and similar ilk. Whilst they may very much be right, I just have this niggling feeling. Now don’t get me wrong, I’m certainly not fearful, not by a long stretch. I have my stops in place and keep a close eye on what I hold and am still actively looking for shares to buy. I do however hold a higher percentage of cash within my respective portfolios whereas previously I would pretty much be all in. Maybe this is also a subconscious change of tact having made mistakes previously. I no longer feel that just because I have spare funds, I simply must invest them somewhere. Perhaps a slight change in mind-set to a “less is more” approach.
I definitely think that updating this personal investment blog more regularly is giving me a lot more focus, along with the determination that I can actually get somewhere with this, as explained in my “Master Plan” section. I was first given the idea to start this site by the Twitter user @Wheeliedealer who is someone I would certainly give a follow if indeed you are a Twitterer. He offers some very sage advice which is always worth paying attention to!
Please note I am not tipping any shares and would seriously encourage anyone reading this to carry out thorough research on any company they are thinking of buying!!!!!!
As you may have guessed from the above, I’ve had rather a good week with my current holdings!
Recent buy Robert Walters (RWA) released a trading update for its 3rd quarter which quoted Chief Executive Mr Walters “The board is therefore confident that profit before tax for the full year will be ahead of market expectations.” One of my favourite comments from a news release. The market certainly liked it also with the share price rocketing 10% on the same day. Its next trading update will be released on the 9th Jan ’18.
Creightons (CRL) holds steadfast, up 30% on my buy price which suits me just fine. As mentioned last week I top sliced a bit of profits here.
XL Media (XLM) continues to storms upwards and having announced the very reputable Jonas Maternsson as a non-Executive Director the price made a definitive break out from it’s steady upward trend. The price is now making a stab at 170p though has yet to move past it. I’m now up over 50% in my SIPP holding and up 17% in my ISA.
Until next time…
Confessions of a Crap Trader is a blog following a regular investor trying to make profit via the London Stock Exchange. Follow his journey as he attempts to hopefully one day pay his mortgage off in full!