More discipline needed

November was a pretty poor month for my portfolio, with it falling over 5%. This has come on the back of a good year or two, which may have led me to become overly sensitive to a bit of market volatility. I think there are some lessons to be learned, but I’m not sure I’ve been learning all the right ones recently. Continue reading

Winter is coming

Winter normally means good news for share prices. There seems to be an element of this expectation around this year, but at the same time there is quite a bit of talk of overvaluation and the possibility of an imminent correction. I’ve seen several articles warning investors to look out for the signs of euphoria that would indicate the bull market is coming to a close. This is easier said than done! While the mood is probably a bit ‘more euphoric’ than last year, I think there still seems to be a healthy enough degree of scepticism about (and cash on the sidelines) to support another leg in the rally.
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The last week and a bit has not been so kind to my portfolio, or the UK stock market in general for that matter, though higher valued stocks have been more severely hit. I’ve no idea whether it’s a blip or the start of a more serious correction, though I have been prompted to sell a number of stocks that hit my stop losses.

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Riding the Tech wave

The last couple of weeks have seen a lot of positive news from US tech companies as they report their earnings. Many are surpassing expectations, including the giants: Facebook, Amazon, Apple, Google etc. While there is quite a bit of commentary about how technology companies are leading the US stock market rally and parallels drawn to the bubble, valuations and prospects look pretty promising to me. After buying Alphabet last week, I decided to increase my US exposure with Apple and another couple of purchases of US stocks. Continue reading