Diary of a Private Investor

Market Comment

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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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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Making Hay While The Sun Shines – Q1 2017 Portfolio Review

The Headlines – Overall, my portfolio is up by 11.51% since the start of 2017 (including reinvested dividends) – I currently have 32 holdings of which 22 are profitable positions and 10 are running at a loss, year-to-date (excluding dividends) – A total of 116 trades during the quarter. However, this is a little misleading […]

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Bull Market or Bubble?

Since the start of the year I have been pondering this question, are we in a sustainable bull market phase or are we seeing a market bubble that is about to burst? Several investors I follow on Twitter have been talking of moving funds into cash or shorting US shares and indices. Paul Scott, via […]

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Shuffling the Pack

One of my lessons from 2016 and therefore, a resolution for 2017 was to trade less often. So here we are less than 3 weeks into the new year and I have already made 19 trades (9 sells and 10 buys). I decided to write this article to try and explain my rationale, as much […]

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Locked and Loaded

From an investment perspective, I am glad that 2016 is now done and dusted. My overall performance of +29.46% masks a very uncomfortable year in which I learnt many important lessons. In short, I got out of jail with a couple of big winners but I need to add more certainty and predictability. 2017 is […]

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