I’ve pretty much stopped following all the experts and I’m going with my instincts. I don’t even read DrBubbs diary anymore. I watch the occasional Mark Faber video when some one posts one and I read the occasional Martin Armstrong release.
I sold some of my Kaz shares at below 1,000 expecting a pull back and it’s not happened. I’m not kicking myself. I made the best decision with the information I had available at the time and it’s not worked out as well as it could have. If anything, I’m glad I didn’t sell my gold shares and energy shares funds. I’m not expecting any serious pull backs from here and I’m happy to hold on if the price dips a little.
I’ve kept my foot in with all the other shares I bought in December 2008 and I’ve got all the ones I picked up in March 2009.
I’ve still got a lot of Sterling in my long term portfolio (around 25%) and I am feeling nervous at the moment. I tried to buy Exxon at £40 a few times in the last couple of weeks but the price had gone up by the time I picked up the phone. I might dump a load of cash in to BP just to lighten up on Sterling a little.
Like you, I’m expecting shares to climb from here and the last few weeks have presented a good buying opportunity. I picked up National Grid for my long term buy and hold dividend payers. There’s sill loads of big companies offering a 4-5% yield at a time when savings accounts are offering jack S.
I wish I had some charts to post or something but I haven’t. I’m just *feeling* a good opportunity to buy more shares and reduce some Sterling.
Mid term, I’m hanging on to gold and silver. I’ve got together the cash I need to purchase a house and I haven’t had to sell a gram. After completion I will look at holding a little Sterling and maybe reducing my debt a little - especially my RPI linked student loan.
I’ve really really cut back on my short term trading. I seem to lose money with every trade and don’t seem to improve with experience. Every time I gain, I get greedy and lose it all. I just can’t seem to gear my brain to think ‘take the money’. Perhaps it’s because this portfolio has no aim other than get rich. Every time I make something I think I’m going to become a millionaire and I’ve lost it all before I know it. I still enjoy trading but I’m not really in a position to lose money for fun now. I’m long Oil and FTSE100 at the moment. Both positions under water.
I’ve roped the misuses in to contributing towards a fourth portfolio (to go with 1. Long, 2. Mid, and 3. Short). The fourth portfolio will be a ‘Buy a bigger house and pay off the mortgage’ fund. I’m targeting 15 years to pay off the mortgage on a future bigger house. I might start a trading diary for this portfolio when it starts (Probably April or May).