Saturday, 5 December 2015

Week 17 Review

This week I realised that my maths for calculating overall performance was flawed. I was double-counting dividends and failing to take proper account of money withdrawn from investments. I've changed my approach to keep track of cash in (including dividends) and cash out, and keep the portfolio calculations separate. I'm also undecided about how to keep tabs on the SIPP. I think it's different enough to consider separately, so I'll have one portfolio review and one for the SIPP.




Weekly Change
Portfolio cost £30,260.37
+£0
Portfolio value (share price) £28,336.40 (-£1,802.29) +£34.40
Portfolio sell value (bid price - commission) £27,304.98 (-£2,955.40) -£35.92
Dividends £150.80
+£15.42
Profit from sales £342.88
+£0
Overall profit -£2,269.64
+£171.58
(Portfolio sale-cost+dividends+profit from sales)

No new shares in the main accounts this week. Interesting that the share price value is up £34 but the bid price value is down £35. That can partly be accounted for by the increase in spread of AFG:Aquatic foods to a ridiculous 50%. How is anyone meant to be encouraged to by a share with a 50% loss the second they get them?

Here's the SIPP performance




Weekly Change
Portfolio cost £797.18
+£797.18
Portfolio value (share price) £766.94 (-£30.24) -£30.24
Portfolio sell value (bid price - commission) £754.99 (-£42.19) -£42.19
Dividends £0
+£0
Profit from sales £0
+£0
Overall profit -£42.19
-£42.19
(Portfolio sale-cost+dividends+profit from sales)

Just the one share in this, and with it being American, I suspect the value is slightly less than showing here as there is bound to be a loss on the currency conversion. The lack of transparency with American shares is troubling, so I think I'll stick to UK shares in future, but it's nice to have one.

The loan paperwork came through yesterday and I got it in the post, so it should be with them today. Hopefully the cash will arrive early next week, as some of the stocks I want to buy dropped in price over the last 2 days so the timing would be perfect for a bit of a bargain.

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