THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY.
Regular Readers of the twaddle I put out may have spotted that I am very attracted to Online Businesses both in the direct retailing of stuff but also in terms of Booking things and all that. I do not hold Hostelworld HSW but I recently bought On The Beach OTB Shares who specialise in Beach Holidays and although Travel/Tourism is not a Sector I usually like, there is something about HSW that is really giving me its Siren Call - I suspect the chunky Dividend Yield backed by Cash is also winking hard at me and another factor which struck me is just how dominant HSW seem to be in enabling Hostels to find Customers and get bookings from them.
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I was out at a old (literally) mate’s 50th Birthday Party last night and because I wasn’t driving I probably imbibed far too much lager than is perhaps wise and as a result I got up extremely late today and I have consequently been in a bad mood and chasing my tail all day. Lord only knows when I will finish this Blog but I suspect I will be uploading it in the wee small hours and looking at the list of stuff I want to cover, I am not actually sure which day that will be on !!
First up let me just mention in passing that I have finally completed the Full Series of the Income Portfolio Blogs - I am pleased with what I have produced here but I won’t be lying if I say I am happy to see it finished - I always start things with huge enthusiasm and then as time goes on it starts to bore me and I have new ideas I want to be working on (not forgetting a long abandoned piece on a New Stock which I really will focus on finishing as my next Blog to come out - it is in quite a good state and I might end up splitting it into 2 parts just to get things moving).
This is the Final Part in a long and involving Blog Series - both for the Reader and the Writer !! If you have missed the earlier Parts then you can find them at the Links below:
I am having a break with tradition tonight because normally I would do loads of Charts and stuff on a Sunday Night but for various reasons I am running tight on time but also I wanted to update the ‘Weekly Performance’ bit on my Homepage (my plan is to finish this on Monday Night) and I thought it would be useful both for myself and for Readers to go through the Stocks in my Trading ISA and extol my current thinking on each one of them. I am not going to cover the ones in my Income Portfolio because I think they are mostly getting a mention in the Final Parts of my Income Portfolio Blog Series anyway (the last of which should go out later this week).
On top of that, last Week with Thanksgiving and all that was pretty dull with low Trading Volumes etc. so I’m not sure we could learn much from the Charts anyway. At a very high level, Markets just seem to be continually buoyant even if my Portfolio doesn’t want to follow their lead !! So let’s crack on with the Stocks…….
Example Stocks for use in an Income Portfolio
I have been thinking about how to lay out this Blog for a while and now I am actually making a start on it I am not totally sure I am going about it in the best way, but I will crack on and see how it plays out. I realise it is going to be a Blog that Readers are particularly interested in so I will try and do it in a logical and clear way. The ScreenShot below is taken from the extremely flexible ShareScope software I subscribe to and it you look at the Column on the Far Left (oh no, Jezza Corbyn !!) it gives a list of the FTSE350 Sectors and my plan (unless it changes as I go through) is to go through each of these Sectors with regards to their suitability for an Income Portfolio and perhaps to name some Stocks which are of particular interest within the appropriate Sectors. Judging by the scale of the task ahead I expect to be splitting this task over 2 Final Blogs for the Income Portfolio Series (hopefully the Crowning Glory and not a dismal Damp Squid of an ending….too much Blue Planet 2?)
Last Week turned out to be a bit of a pain for me - from Monday to Wednesday nothing much seemed to happen and then things tailed off at the end of the Week so my Portfolio took a hit of 1.2% over everything (excluding my Income Portfolio which I rarely look at). This continues my angst at failing to see my Portfolio Breakout of its All Time High which was put in back in May and I feel like much of the Year has achieved very little !!
However, as always we need to stay calm about such situations and focus on the positives and what has really been achieved - even if the Numbers are not reflecting it yet. There was an excellent TED Talk (Rory Sutherland - ’Perspective is everything’) which my mate Tom Tomsky @calvoreon sent me on Twitter which was about Psychological Framing and Perspective - the basic essence being that how we experience things that happen in our Lives etc. and how we let them affect our Emotions/Decisions, is largely down to how we set the context of whatever has happened. I am not explaining this very well, so rather than me jibbering on, check out the Talk yourself here - it is 18 minutes long and actually quite funny: https://www.youtube.com/watch?v=iueVZJVEmEs First off I am having a very good year despite the flat recent Months - this is something that obviously I should celebrate and not get too down about. In addition, I have a nice collection of Stocks and I expect to see nice upside from the majority (or at least decent Dividends) in the Months ahead - and as we will see below, several of my Stocks are in very interesting Technical Situations where they are on the verge of All Time High Breakouts (don’t switch off already, I am going to do a proper explanation of this !!).
Usually when scribbling these Chart Blogs I have Absolute Radio in the background which if turned down low enough doesn’t seem to distract me too much from the job in hand. Tonight things are a bit different though because I sort of want to be distracted because I am desperately trying to learn some Amy MacDonald Tunes as I am off to see her next Saturday Night in Reading - and I have made the unforgivable error of not getting her latest Album and I only have an old one called ‘Life in a Beautiful Light’ which I have owned for perhaps a couple of years but not really played it enough to know it. The upshot being that as much as I want to concentrate on these Charts I really must multi-task (hey, I’m a Bloke, it ain’t easy for us !!) and learn the Songs as well.
Last week was a bit disappointing for me on the Markets - with Indexes climbing new Highs almost everywhere (although the FTSE100 has not really kept up) it is upsetting when my Portfolio is still unable to ‘Breakout’ and get over the High Point it racked up in May - I keep getting within touching distance and then it drops back - it is driving me to Drink (well, Coffee anyway). My Portfolio dropped last week by about 0.75% - ok, this is no big deal but it is grating on me. Part of this was a Short I had on the S&P500 misbehaving (more in a bit) and that hit me for about 0.3% of my Portfolio Value - so we are only really talking limited damage here but I just so want my Portfolio to crack on properly.
I am so running behind today it is ridiculous - I have been helping a mate who smashed up her car look for a replacement and tonight she is around because I am lending her my BMW z3 while she sorts the new one out. It’s a nightmare because normally I have peace and quiet with no distractions to work on my etchings, but tonight that is utterly different !! I have sent her off in my z3 to get a Chinese so hopefully I can pinch 20 minutes to crack on and make some proper progress……….
I do enjoy hunting out for Cars though - doing it for a mate means I get all the fun bits of the chase but without the downside of me having to part with my own hard fought for Cash. Overall Markets keep generally rising, especially in the US with those Markets looking extremely ‘overbought’ and it does make me nervous that some sort of ‘reckoning’ is gonna hit us - I am not saying we will necessarily have a meltdown or anything but surely we need to see a bit of softness (or at best some Sideways) to unwind these overbought conditions. On the positive side there is a lot of Support down below which should be natural Levels where Buyers come in to stop things getting out of hand.
I’m sure that was a Pink Floyd song - or maybe I am getting mixed up with the Bovril Turner Overdrive - it’s my age you know……
These Markets are truly remarkable - it seems like whatever happens they just keep going up. Readers of my Charts stuff, Tweets, Website Trades etc. might have seen I put a Small Short on the S&P500 on Monday Night Last Week as it looked really poised to drop back a bit - but in the event it has actually been flirting with my Stoploss and at the Close on Friday it was still a fraction below - I will look at this Chart etc. in due course. I was thinking about my Shorts earlier this afternoon and I am of a view that the best approach is to open fairly Small Shorts initially and then if they go my way to increase them and ‘Push the Position’. Last week my Overall Portfolio (including the Overseas Unit Trusts but not the Income Portfolio) was down 0.15%, which is really just ‘Noise’ in the bigger scheme of things and I am still right up at the All Time Highs although I still am slightly below the High Point the Portfolio hit back in May - wasted Summer or what ?!!
It is Saturday night and I am running really late after spending far too much time out in the Jardin De Wheelie clearly up the remains of my Vegetable production and with a particularly tedious emphasis on sorting out deceased Tomato Plants and their Pots - I am of course getting a bit twitchy that Winter Frosts are not far away and the last thing someone as stingy as myself wants to do is spend hard earned Quids on new Plastic Pots.
I am out socialising for most of tomorrow (Readers will be stunned to hear I am not expecting to be visiting a PUB) so it is a Saturday Night Special and I will try to rip through it quite quickly. There are some Stock Charts I want to visit and the Indexes strike me as being near some sort of Turning Point and I want to dig into this. |
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