| Weekly Change | |||
| Portfolio cost | £34,921.04 | +£0 | |
| Portfolio value (share price) | £32,939.08 | (-£1,860.28) | +£238.22 |
| Portfolio sell value (bid price - commission) | £31,898.41 | (-£3,022.63) | +£323.79 |
| Dividends | £150.80 | +£0 | |
| Profit from sales | £342.88 | +£0 | |
| Average monthly cash profit | £108.41 | -£6.03 | |
| (Sold stocks profit + Dividends - Fees / Months) |
No new shares this week so it's nice and easy to see that things have gone quite well. Unusually the selling price of the shares has increased more than the share price, so some of the spreads must have narrowed. If things had just kept up with the trend of this week I'd have cracked the £3,000 deficit. Given that a few weeks ago I was aiming to crack the £2,000 deficit shows how torrid a time it's been.
I've made a change to the way performance is measured. I realised that the previous way just wasn't right. You can't try and account for both cashed in profits and portfolio value in the same measure as there is overlap when some profits are re-invested. Therefore I've developed a new performance indicator which shows the average monthly profit. All I need to do is enter the week number into my spreadsheet as I prepare this update, and it calculates how much I've cashed in from profit and dividends minus the fees charges by the brokers for account management.
When I get no dividends or sell now shares, the monthly performance declines as I add another week. It should be bolstered by sales and dividends. I was making a maximum of about £70 a month from interest and premium bond prizes, in fact many months significantly less. Unfortunately I don't have baseline measures - although I guess I could trawl through old statements and come up with an average I can compare against.
The key thing is that it's over £100 a month which is significantly better, and if I can keep that up will give a nice profit even after paying interest on the loan.
I'm keeping everything crossed that the PAF:Pan African Gold purchase went through in time for the dividend. My purchase date was 8th December, but the settle date was 10th December, which is the same as the ex-dividend date. I won't know if this was in time until 24th December, when I'll either get £107.92 or I won't. Fingers crossed for a nice Christmas present! Suffice to say it would massively enhance my performance stats.
Another encouraging sign is that my Hargreaves Lansdown standard share account is in profit (unlike my ISA and StockTrade accounts). This was the account I opened after developing my new stock picking process, so fingers crossed is a sign that it's working.
Let's see how the SIPP is doing
| Weekly Change | |||
| Portfolio cost | £3,298.08 | +£0 | |
| Portfolio value (share price) | £3,749.69 | (+£451.61) | +£573.56 |
| Portfolio sell value (bid price - commission) | £3,638.84 | (+£340.76) | +£538.56 |
| Dividends | £0 | +£0 | |
| Profit from sales | £0 | +£0 | |
| Average monthly cash profit | -£0.03 | +£0.01 | |
| (Sold stocks profit + Dividends - Fees / Months) |
Ah - a joy to behold. UTW:Utilitywise has gained by 24% since I bought the share, HGM:Highland Gold has gained by 4% and AA:Alcoa has recovered some of it's losses and is now only 1% down. Gaining over £500 in one week with just 3 shares in the SIPP is wonderful. Roll on January when the tax refund turns up in the account, and will be enough to buy another share.
The average monthly profit from sales and dividends is a bit daft at the moment. I had a 2p account administration charge, and at 0.69 months it means my monthly performance is -3p and is 1p better than when I had been going for 0.5 months. With this being a pension fund I'm much less likely to sell shares, as they are chosen for being the most likely income stocks or steady performers. However, when I do sell it will be good to keep tabs on the monthly "cash" performance.
So all in all a positive week, with 14 stocks in profit, 2 only losing by commission and 26 making a loss. The loss making percentage is coming down and apart from BLUR:Blur Group and TRK:Torotrak which I suspect are both doomed, I'm still highly positive about all the other shares in the portfolio.
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