Thursday 3 March 2016

Pension portfolio goes into profit

The great week continues, despite a small dip in the FTSE 100 today

The pension portfolio returned to profit for the first time since a few weeks after I opened the account, so a very good reason to celebrate.

Although a few of the shares dropped slightly, a whopping 7.2% increase in ASHM:Ashmore Group took that share within £3 of being in profit and cancelled out the other dips.

The portfolio is now £108.86 in profit based on the bid price and commission, which is the most pessimistic measure.

Meanwhile my former nemesis shares are still going mad.

GLEN:Glencore is up another 5.6% and is £168 in profit, so my joy yesterday at being £19 in profit has now been compounded.

RCI:Rapidcloud is on steroids, gaining another 14.3% and standing at £183 in profit. I really wish I knew why this has climbed by about 200% in a week. Actually - I don't really care. Just extraordinarily happy it has!

It would have been an almost perfect day if not for the plight of the house builders, which are all dropping by a couple of percent a day and widening my losses. I'm suspicious though. BDEV:Barratt Developments is showing more buys than sells during normal trading hours, but has dropped by 2.4%. TW.:Taylor Wimpey have had 1,000,000 more buys than sells and have dropped 2.2%. RDW:Redrow on the other hand have had 3 times as many sells as buys and have dropped 3%. So it appears there's no relationship between the price of the share and the supply and demand of the shares. I just wish I had some spare cash to top up, as there are big juicy dividends coming from all of them in a few months.

KIBO:Kibo Mining dropped 10% today following a share issue, which was somewhat disappointing. WRES:W Resources also dropped 10% after a good day yesterday. SXX:Sirius Minerals climbed 14% which helped redress the balance, but my investment is so small it didn't make much difference.

After it all settles down the portfolio in the main accounts is up by about £200 today, which is the 4th consecutive rise. Just one more good day and I'll truly look forward to writing the weekly review.

Time to go to the pub...

2 comments:

  1. Speccy I hope you stuck with Glencore!

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  2. Happy to say I did :)

    Like your blog by the way - looking forward to following your progress - you're in a slightly different league to me!

    ReplyDelete