SIPP value as at 31st July 2021 - annual target hit 3 months early!

 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.

Diploma (DPLM) has gone sideways for the past 3-months, after improving nearly 200% from 1st Jan 2018; and I'm thinking this is the time to take my profits and move into something else with more positive momentum.  Overall, I am a momentum investor: that's the one investment principle that has shown consistent positive results - what goes up, keeps going up (and what goes down, keeps going down).  So, I'm looking at companies whose SP's have improved over 10% in the past 3 months and have a market value of between £1bn - 3bn.

GB Group (GBG) is also going sideways - slightly - but I'm confident that the SP of this company will break through 1000 this year: and I expect this will come with a takeover bid from an American company - and that could mean a price of over 1500 could be seen in the next 12 months.