As you may have picked up from previous posts I’m spending quite a lot of time during the week commuting to and from the office, around 3 hours a day in fact. I’ve decided to start using this time a bit more wisely while I take on the mundane drive up and down the M6 and have started listening to investment related Audiobooks! Now I’ve listened to a good few books previously but they’ve always been novels. So I’ve put together a list of books to listen which will hopefully help to educate me one or another. I started off, rather obviously, with the Naked Trader’s “How Anyone Can Make Money Trading Shares”. I’ve read this book a couple of times already but felt it a good starting point and of course it’s always good to refresh knowledge. Yesterday evening I began listening to “Think and Grow Rich” by Napoleon Hill. This is quite the classic when it comes to the power of the mind and how you can use that to do exactly as the cover says. I’m still quite early into but I do find this sort of topic thoroughly engrossing. I have a few more books lined up once this is finished which I’ll share in time. Hopefully, at least some of this knowledge will lodge itself somewhere in this thick skull of mine! If anyone has any suggestions for books/audiobooks to add to my list then please let me know! I want all of the knowledge bombs rammed into my head and to make the most of my journeys!
The wife and I spent Monday evening at Market Garden in Blackpool to see our favourite band Bon Iver. This was the third time we’d seen them live and once more they didn’t disappoint, they were phenomenal! If you’ve not heard of them before please check them out, I would suggest listening to the 3 albums in order and particularly look at the back story to the first album “For Emma, Forever Ago”. The newer stuff is a bit more electronic and more produced, but live it truly is something else!
Tuesday saw me begrudgingly make the trip to Burslem and specifically Vale Park for what was once again, an absolute shower of a performance against Accrington Stanley (who are they?). We really are in a world of trouble both on and off the pitch! Maybe when I’ve made my millions I can buy the club and attempt to sort out the mess!! (Not a chance comes the cry from Mrs CT!!!!). If we don’t get these issues resolved soon however I can see us slipping out of the league, and from there goodness knows what will happen but it won’t be pretty.
This weekend see’s our little family (as in, the wife, our dogs and myself) slip away to the coast of Wales for some much needed R & R. I’m looking forward to switching off for a couple of days getting plenty of fresh air and clocking up a good few miles walking. Whilst not forgetting the traditional sea front fish and chips!
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!!!!!!
Bit of an up and down time since my last update, though to be expected with the relatively small PF’s I hold and small number of stocks. BooHoo (BOO) released their results on Wednesday and as usual headlined massive uplifts in profits etc. However it was met with a pretty big drop, followed up with an even further drop this morning off the back of news that the joint CEO sold over £10m worth of shares. I must admit, I can’t say I blame her, I mean who wouldn’t take advantage of selling such a holding! And when your remaining holding is still worth over £90m I’m pretty sure she’ll survive just fine! However for my comparatively tiny holding the drop was a little too much as it dropped below a short term support price and hit my stop at a small loss, that’s just the way the cookie crumbles! I’m not overly distraught however as the share doesn’t really fit in with the style in which I want to build my portfolio, and I made a decent enough profit here last year so I’ll quickly move on.
Elsewhere XL Media (XLM) has gone ex-dividend so I look forward to that little bonus hitting my account soon. There was a small drop on the ex-divi day as expected but has quickly regained that. Still appears good value to me so whilst I was tempted to top slice some profits, I’ve left it as is for now.
Morgan Sindall (MGNS) is still moving fairly sideways on pretty low volume, as said previously happy to just sit and wait with this!
Creightons (CRL) broke out into a 52 week high which is a positive move, it has since pulled back a little but appears to want to sit just above 40p for the moment which is more than fine with me. This sees me up around 20% on my buy price.
Finally I have today also bought something! Robert Walters (RWA) appeared in one of ADVFN’s Toplists I check on a daily basis. It appears in the “52 week breakout” list and immediately looked positive. It’s got a nice upward trend on the chart, profits are rising and has a decent amount of cash sitting in it’s bank. I’ll be looking forward to that chart continuing it’s quiet, boring rise to net me a nice bit of profit!
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!