The exchange rate headwind I’ve been facing from a strengthening Pound and weakening dollar is starting to show signs of changing to a tailwind. This is providing a welcome boost to my portfolio, which is bouncing around near its highs but still failing to make real progress. I made one opportunistic purchase this week, buying AB Dynamics after it reported some excellent results and a bullish outlook. Continue reading
The stock markets are starting to pick up a bit again. The shares on the watchlist are picking up too: there are now 35 within 5% of their yearly highs and 55 within 10%. This compares to 18 within 5% and 45 within 10% a couple of weeks ago. My portfolio had a good week and is back near it’s all time highs for the fourth time since volatility picked up late last year – I’m fairly optimistic that this time it can break through and continue its progress. Continue reading
Since I started writing this blog, I’ve written a lot of posts about the mechanics and implementation of my strategy. I wanted to write something more high level about what I think it takes to be a successful private investor. A post more about the principles, or way of thinking, rather than how any particular strategy should work. I’m not a hugely experienced investor so take what I say with a pinch of salt – though hopefully my ideas are at least thought-provoking.
It’s time for another quarterly review. The last few months since the last review have followed on in a similar vein i.e. volatile and only marginally ahead of the FTSE. I would expect my strategy to perform less well in more volatile periods, so being marginally ahead of the FTSE is a small comfort. Though as always the point of the review is be critical and look for ways to improve. Continue reading