Was the performance early in the week enough to reduce the impact of the dip?
| Weekly Change | |||
| Portfolio cost | £34,974.37 | +£0 | |
| Portfolio value (share price) | £32,419.10 | (-£2,344.96) | +£1,123.78 |
| Portfolio sell value (bid price - commission) | £31,173.30 | (-£3,801.08) | +£1,014.26 |
| Potential profits | £1,586.93 | +£481.25 | |
| Dividends | £366.79 | +£42.00 | |
| Profit from sales | £1,064.21 | +£0 | |
| Average monthly cash profit | £215.61 | -£1.24 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 7.4% |
I wish it would look this good every week.
No new purchases this week, but the big headline is the increase in portfolio value of over £1,000, significantly reducing the paper losses. Given the FTSE 100 ended up still below 6,000 at the end of the week, it suggests there is still plenty of recovery room without needing a spectacular rise in the market.
Potential profits went up by a healthy £481. Much of this was GLEN:Glencore going into £235 profit on my latter purchase in my ISA, so it's a little misleading as I'm using that to offset the £545 losses on my earlier purchases in my standard acount. TSG:Trans Siberian Gold has climbed again and is sitting at £422.41 profit. I'm glad I held onto these, as I did have a limit sell order in, but the price dipped below it when the markets opened and I cancelled the order. I was concerned gold would plummet as the rest of the market picked up so strongly, and couldn't bear to lose 100% profit, but they now stand at 115% profit and I'm holding on.
The £42 dividend came from TON:Titon Holdings which is one of my favourite shares. It's dipped a little from recent highs but is still showing a 20% profit, plus a bit more with the dividend.
The dividend has allowed my average monthly profit to drop by only £1.24 and stay over £200 with over 7% projected annual yield. I wonder where next week's £40 will come from to keep this going?
Here's the SIPP review
| Weekly Change | |||
| Portfolio cost | £7,167.05 | +£1,001.94 | |
| Portfolio value (share price) | £7,081.80 | (-£85.25) | +£300.64 |
| Portfolio sell value (bid price - commission) | £6,926.83 | (-£240.22) | +£246.88 |
| Potential profits | £256.16 | +£122.06 | |
| Dividends | £0 | +£0 | |
| Profit from sales | £500.25 | +£0 | |
| Average monthly cash profit | £179.49 | -£16.32 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 30.05% |
The extra £1,000 added to the portfolio cost was from my premium bonds and had an instant benefit, with the JLP:Jubilee Platinum shares up 15% in a week and standing at £117 profit. This has helped offset the poor performance of AA:Alcoa towards the end of the week and the fact both SLI:Standard Life Property Investment and UTW:Utilitywise have slipped back into loss, albeit just commission.
The paper losses have halved this week, so just need a repeat of that and we'll be in much better shape. In theory my pension is the account that can afford to be in loss as it's so long until I can withdraw anything from it, but it somehow feels worse having this showing a loss compared to my other accounts.
No dividends or sales this week, so the average monthly performance has dropped off a bit, but given the portfolio cost has gone up, having a projected annual yield from sales and dividends still over 30% is pleasing. It will drop again next week when the tax rebate arrives. At that point I'll be less than £2,000 away from my target of getting £10,000 in my SIPP.
So it's been a good week. I'm almost afraid to see what the next big scare will be to send everything crashing down again. Every time things start to look more relaxed, pandemonium breaks out and any hope of getting into paper profit drains away. It's got to go into the black at some point - hasn't it?
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