Week 27 Review

I made a decision this morning on how to invest the £500 in my SIPP. It was a difficult decision, but I decided to get back into UTW:Utilitywise. I sold my shares partly in a panic as they have been so volatile in the past, and although I was happy with the profit, it was nagging me that I wanted to get back in. I've been hoping they would drop back to the original 141p I paid, but they have dropped 19p to 161p so I decided to take the opportunity. I bought 308 shares at 161.93p costing £510.69. They sneaked up 1% today but I'm down £25.99 commission and a little spread.

The FTSE 100 did well today, but my portfolio didn't do as well so the week review doesn't promise much fun.

			Weekly Change
Portfolio cost	£34,974.37		+£0
Portfolio value (share price)	£31,295.32	(-£3,510.73)	-£869.98
Portfolio sell value (bid price - commission)	£30,159.04	(-£4,815.33)	-£877.46
Potential profits	£1105.68		+£54.96
Dividends	£324.79		+£7.20
Profit from sales	£1,064.21		+£0
Average monthly cash profit	£216.85		-£7.15
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	7.44%

No surprises there. Massive losses on the portfolio, increase in potential profits thanks to the gold mines covering the losses elsewhere, one dividend from DOTD:Dotdigital, and a slight reduction in monthly profit as there were no sales this week.

Here's the damage to the SIPP

			Weekly Change
Portfolio cost	£6,165.11		+£310.74
Portfolio value (share price)	£5,779.22	(-£385.89)	-£18.34
Portfolio sell value (bid price - commission)	£5,678.01	(-£487.11)	-£7.63
Potential profits	£134.10		+£127.88
Dividends	£0		+£0
Profit from sales	£500.25		+£134.15
Average monthly cash profit	£195.81		+£38.56
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	38.11%

Not bad at all. The profits from the TSG:Trans Siberian Gold, plus the monthly contribution from my bank account and the £70 top-up all account for the rise in portfolio cost. The share price dropped a remarkably small amount considering the turmoil of the week, potential profits are way up thanks to HGM:Highland Gold, and the sale boosted my cash profits to almost £200 a month and a projected annual % return of 38% if I can keep it up - which I can't, but it will be a while before this threatens to drop below 6%.

Combined portfolios have ticked up past £41K which is another milestone. Each £1,000 deserves a little "woohoo!" and I'm due another the week after next when my tax rebate kicks it past £42K. In the meantime I need to ponder the future of gold and whether to bank any more profit. Most of the gold mines dropped a little today, except TSG:Trans Siberian Gold which rose another 6.3% so is now showing a 105% increase and profit of £379. My target for this share is 45p which would take the profit to £550 so I think I will hold out a little longer.

Payday on Monday, but I've been neglecting my Visa bill so no top-up from my bank account this month. I'll just wait for the tax rebate to keep my spirit up, and hope for something to change and get us out of this selling frenzy so the majority of the portfolio can recover.