NSP bought

My portfolio continues to wade slowly through the rather treacly summer markets. Some of my larger holdings, notably Burford, seem to be going from strength to strength, while others, like Bioventix, are showing some (hopefully temporary) weakness. Still, slow progress is better than no progress and right now I’m feeling optimistic that the second half of the year should be a good one. Continue reading

Ignorance is bliss

Humans hate uncertainty. Uncertainty is stressful. Often it is even more stressful than a certain negative outcome. The reason we find uncertainty so stressful is so it prompts us to take action. When our ancestors weren’t sure if a predator was lurking nearby, the ones that got a bit stressed out by the idea and took steps to find out probably did better than those that blissfully carried on their business regardless. But like many other evolutionary instincts, the desire to reduce uncertainty can lead us astray when it comes to investing. Continue reading

Letting go of mistakes

It’s slow but steady progress at the moment for my portfolio. All seems well right now but I expect some more volatility is just around the corner, judging by how this year has been going so far.

This is just a short post to update on my trades from last week. A few mistakes unfortunately, but hopefully I’ve resolved them well. Continue reading

Gripes corner

This week’s post is a bit of a rant I’m afraid! I’ve highlighted a handful of fairly common ideas in investing that have managed to get under my skin. They are common but don’t make much sense and I feel compelled to debunk them. Some you could put down to differences in perspective I suppose, but some are just downright wrong. Continue reading

Two steps forward, one step back

After a decent July, this week was a pretty torrid one for my portfolio, which fell 3.4%. This was not really the result of any bad news for my holdings, but appears more due to wider sector rotation away from highly valued growth stocks to cheaper value stocks. Following a timely reader comment on a recent post, I’ve been wondering whether this could be the start of a more prolonged shift. Continue reading