Since my last post the markets have become increasingly volatile. The Greek crisis is back, Goldman and financial institutions are back under investigation and the UK economy expanded by 0.2% in the first quarter. The UK elections are on our door step and we may end up with a hung parliament.
This was half the expected rate. All this volatility etc has not affected my portfolio my positions are increasing in value.
Since the beginning of the competition two months ago I’m up 22%.
When profits are there take them and that’s what I’ve done. My cash position is back to 19k. I’ve halved my position at Astrazenaca, Ladbrooks, and SAB Miller.
The reason for selling out of these positions was because I wanted to release cash and take some profits when I had them. It took a while for Ladbrooks to turn profitable. I didn’t make much money but I got out with profits.
I sold SAB on the day of their results which was good as the stock continued to gain. Overall a 10% profit on SAB Miller.
My biggest performer is Royal Bank of Scotland. I first purchased shares at 35p now they are 55p and have broken through technical resistance on the upside. I might add to them, I need to analyse the charts, RSI and MACD first.
Other holdings that are performing well are Kingspan, and the retailers. The change in the weather will have positive affects. People love hitting the shops.
BG is still my laggared. Losing £300 quid on it. I won’t sell till its back in the black, but I will find an alternative commodities or oil and gas company to invest in if I can.
Overall I’m happy to be at the top of the leader board. Staying their will be the challenge.
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