I've done some fiddling around the edges of my portfolio. Nothing major, just tidying stuff up.
In summary:
- Sold my paltry holding of Game Group shares (on which I had an ENORMOUS capital loss).
- Bought it again immediately in a different account (in fact, about 3 times as many shares - still a paltry holding though!).
- Sold Bond International Software, crystallising another capital loss.
- Sold Maxima, for another capital loss.
The latest snapshot of my portfolio is here:
I've now rated Rok shares as zero and put them in the "sold" category. I'm not entirely sure if they're officially worthless yet, but my sharedealing account no longer shows them as a holidng, so...
Now everything is much tidier: only 6 shares in my portfolio: Berkshire, Tesco, NWBD, IS15, BP, GMG. And only one real tiddler: GMG.
Review
While I'm here I may as well post some performance figures for my portfolio in 2011. Bit misleading since my trading was almost entirely driven by external factors rather than trying to beat the market, but anyway... lets compare with previous years. I can't remember how I've worked this out before, but attempting a new and fairly simple method I get:
2008: Down 53%
2009: Up 42%
2010: Up 19%
2011: Down 3%
i.e. if I'd been a fully-invested closed investment trust then £100 at the start of 2008 would now be worth £77. Boo. Luckily my funds under management were very approximately:
2008: X
2009: 2X
2010: 4X
2011: X
Meaning I have an overall profit of 60%, or an annual return of 12%. Hurrah!
I don't have data to compare with the FTSE, but staring at a graph and making up some dividend yields I come up with:
2008: Me -53%. FTSE all-share -30%
2009: Me +42%. FTSE +28%.
2010: Me +19%. FTSE +14%
2011: Me -3%. FTSE -4%.
So if I'd invested exclusively in a tracker then I would have made 39% overall, or about 8.5% per year.
Fully invested in a tracker throughout the period I would have been down 2%.
And finally just for fun: so far in 2012 I'm down 2.6% while the wider market is up 3.3%. Ouch - a 6% disparity already, and it's not even February...
2 comments:
Hi,
I totally agree with you, it is not necessary if you have a solid idea then you will succeed. There are so many things you have to look when you are starting any new venture, just having an good idea is not enough, you need to have knowledge and strategies and proper strategy execution is far important then just having a strategy under your belt.
I personally like your post; you have shared good insights and experiences. Keep it up.
The world seems to be divided in two camps; those like us who are fascinated by investments and those who aren't. I use this blog and http://www.statpro.com and love trying to keep up to date with the markets and trends
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