Diary of a Private Investor

Stick or Twist?

Two months ago, I had 32 holdings including 11.57% in cash and I was considering my next move (you can read the full article for a recap of my thinking). There was the safer option of reducing volatility by adding large/midcap income shares or going for growth on the basis that this bull market has […]

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Winter is Coming

I am fortunate to have spent much of September holidaying in the Caribbean (remember that frivolous spending fund?) where my holiday reading was Game of Thrones. Virtually every chapter includes speculation from one of the characters that “Winter is Coming”. Well, I’ve just finished the second book and this dreaded winter has still not arrived. […]

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Let the madness begin!

The kids go back to school, the grown-ups go back to work and first half results season all begin in earnest next week. On an individual stock level I am happy with the positioning of my largest holdings and on a portfolio level I am broadly happy with the balance and diversification (there is clear […]

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The Eighth Wonder of the World

The great Albert Einstein, allegedly, once said “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” Conceptually, I have been aware of compounding for many years but in investing terms, I don’t think the penny truly dropped until recently. You see, I […]

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Rebalancing Update Q3 2017

In my posts of 23 June and 1 July, I outlined the rationale for taking an overweight position in IQE and how I planned to mitigate that risk by flattening and broadening the remainder of the portfolio; adding more income and more conservatism, as measured by both volatility and market capitalisation. The main phase of […]

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We are halfway there…

…let’s hope we’re not living on a prayer! Despite a poor June, I am pleased to report a first half portfolio gain of 24.54% versus a FTSE All Share (my benchmark index) gain of 3.33% which makes for a nice graph: From what I can make out, it seems that many other private investors have […]

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When opportunity knocks

Back on 5th May I commented on two of my special situation holdings; Hurricane Energy (HUR) and IQE (IQE). I doubt I could have picked two holdings with more diverse fortunes in the weeks that have followed. Hurricane Energy (HUR) Previously I wrote, “Shareholders continue to wait for the promised Competent Persons Report (CPR) and/or […]

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Two keepers and the one that got away

Happy Friday everyone! Without wishing to tempt fate while there are still a few hours trading to go before markets close but this week looks set to deliver my largest portfolio gain of the year so far. Sometimes market exuberance can be a wonderful thing so long as one is able to find a chair […]

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