Saturday 30 July 2022
Saturday 1 January 2022
Happy New Year!
I've moved the funds into the infrastructure Investment Trust 3i Infrastructure, which while not being a likely growth investment, is more of a defensive investment against future downturns.
Thursday 2 December 2021
One month on from the birthday blog and it has been a period of consolidation.
Unfortunately, a new variant of Covid has developed and that has put a dampener on the markets, taking a bit of the froth of the recent growth away. Fingers crossed, we don't go into another spiral of falling values that hit the markets in Feb-March of 2020; but maybe the markets are more resilient now?
It's not a time to be doing anything drastic (just yet), and I'm on the lookout for where the next direction is coming from - so you may see a few share purchases in the next few months as I endeavour to reposition the SIPP portfolio for more growth.
Saturday 6 November 2021
It is that time of year again: the Birthday Blog!
I've smashed my target value of £291,000 for the year, and I'm 2-months ahead of my year-end target of £300,000. You may notice that I have reduced the number of holdings from 13 down to 10, and in doing so I've increased the value of my "plays".
Monday 4 October 2021
Not the greatest month for the SIPP, as the value has gone down from £303,518 to £287,581 which is a drop of 5.25%.
Saturday 28 August 2021
What a month!
Even though I've not added this months bi-monthly contribution to the portfolio (pay-in £1000 a month in installments of £2000 every-other month) the portfolio has cracked through £300,000 in value.
Progress has continued unabated, with BlackRock Smaller Companies (BRSC) is up nearly 6% in the month; and Keywords Services (KWS) also up over 5%. Reducing my holding in VUSA and moving the money into Redde (REDD) was possibly done a bit too early, as VUSA is up 3.60% in the month.
Saturday 31 July 2021
What a month for the SIPP - it has already hit the value target for the year of £290,000 and that's 3 months early and with another £4,000 of monthly contributions yet to be paid in! Remember, the value of the SIPP on 1st November (9 months ago) was £243,127 and my contributions since then have been £8,000 - so essentially £39,000 of capital growth in 9mths on £243,000; that's about 20% pa.
The target I set was based on maintaining the growth rate since I started managing the SIPP myself of 12.90%pa. If I can hold onto and/or build on these gains between now and 1st November then I will have increased the overall growth-rate.
Performance has been tremendous: gains from GBG; HGT; IEFM; SGRO, VUSA; and a massive gain from KWS (this has to be a FTSE100 company within 3 years).
The only loser in the period was SDP: Schroders Asia Pacific (IT) Fund which has been affected by the recent decisions of the Chinese government (pretty much out of the blue) to be "critical" of the major China-based internet companies. Also, the discount on this investment trust has grown to about 10%. In the hope of a reverse of fortunes on this holding, I have sold £7,000 of IEFM and moved the proceeds into SDP - it may be a good move, or it might not, time will tell.