Monday 15 February 2016

A new Woohoo!

I mentioned in my last post that it would be next week when I get my next "Woohoo" for increasing the portfolio value by another £1,000. It's come a little sooner than I expected as the value topped £42K today.

I still have some premium bonds, and I looked at them long and hard. What's the point? On one hand they are relatively liquid, but actually it can take up to a week for the money to withdraw, so selling some shares would be no slower.

Having 15,000 last year meant I was winning £25 in about 2 out of every 3 months, but having 1,500 is getting me no return whatsoever.

I sent a withdrawal request for £1,000 yesterday, and as it was pay day today, transferred £1,000 from my bank account to my SIPP in anticipation of the premium bond money appearing next week.

One of my existing shares JLP:Jubilee Platinum will start production imminently, and the price of platinum has been rising steadily. They should become profitable very soon, so I wanted to add to my existing 35,000 shares. I bought 32,781 at 3.02p for £1,001.94.

The share price seems stable so far - unlike my gold mines which are dropping today. The rest of the portfolio is looking healthy with 2% rises across many of the recent fallers. However, it's early days yet so plenty of time for things to go horribly wrong again. Fingers crossed...

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