TRI & PAYC bought

A decent week for the markets last week, though marred by a big fall in my largest holding Arista Networks on Friday. As the markets continued to rebound strongly, despite further signs of inflation ahead of expectations in the US, I decided to reinvest some of my portfolio cash balance. I still anticipate some more turbulence ahead, though think the signs look generally bullish. I bought two new positions in Trigano and Paycom. Continue reading

Rearranging deck chairs

Since my last post, the markets have continued to be volatile. I am very glad to have raised cash at the beginning of last week so I’ve been on the front foot looking for opportunities, rather than being dragged passively on a stomach churning ride. There were big falls on Thursday and Friday last week in the US, followed by a big reversal on Friday that has followed through into Monday and Tuesday this week. This reversal seems pretty bullish to me, at least in the short term, though I don’t think we’re out of the woods yet. The UK markets have been vaguely following the US but in a slightly less volatile manner. Continue reading

Volatility spikes

Well the market correction is finally upon us. I’ve been flagging that a correction might be on the cards for the past couple of weeks, so I can’t really say it was totally unexpected. However, the speed and severity unfortunately has caught me off-guard and I went in to this week near fully invested. In hindsight, I should have been more cautious and kept hold of more cash, rather than just hoping to deal with it when it came. Lesson learned hopefully, but it’s useless dwelling too much on the past. What’s needed now is a game-plan for how to make the best of the current situation. Continue reading

Correction starting?

It was a pretty grim week for the stock markets, especially in the US, with the Nasdaq selling off almost 4%.  My portfolio did relatively well, with larger positions in Amazon and On the Beach and a number of positive trading updates acting as buoyancy against the sell off. I’m more concerned about what’s coming up next. The fact that most of the US fall came late on Friday doesn’t bode well for next week.

There were quite a few trading updates for my portfolio this week. I also made a couple of new purchases earlier in the week.  Continue reading

Fund manager benchmarking

I’ve now been tracking the performance of my portfolio for three years. Lately, I’ve been doing a bit too much agonising over recent mistakes and worrying about possible impending market doom and whether my strategy will weather different conditions. So to lift my spirits and put things into perspective, I’m going to pour myself a whisky and compare my performance so far against some of the professional fund managers I follow for investment ideas.

Continue reading