Turning the corner?

After almost half a year of stagnation, during which my portfolio gains from the beginning of the year have been slowly chipped away, it’s starting to feel like we may be due for a decent final stretch this year. The S&P 500 breaking out to new highs seems like a promising sign, though my current optimism is likely also influenced by the boost from Games Workshop my portfolio received on Friday. Continue reading

ANSS & FAA bought

Another dramatic week for Brexit: another deal, another delay. The news of the possible impending deal has had quite a dramatic impact on the exchange rate and UK stock market since the end of last week. From the perspective of my portfolio these two effects have cancelled each other out to some extent. However, my focus on businesses earning in Dollars means I’ve performed relatively worse than the rest of the market. Continue reading

ARC bought

It feels that I may have tempted fate with the comment in my last post that I don’t think we are yet at a point where the quality momentum trade will start underperforming. Pretty much as I was writing it, the US stock market experienced a mini ‘momentum-crash’, as investors rotated from high growth stocks to cheaper plays. This may have been a one-off but it has given me pause for thought. Continue reading

Short attacks!

I wasn’t intending to write a post this week as I am still very busy with other engagements at the moment. However, after the dramatic short attack on Burford Capital last week, which until quite recently had been one of my largest positions, I’ve decided to record my thoughts and a number of recent trades. Continue reading

INTU bought

Markets had a bit of a wobble since my last update a couple of weeks ago, but are now looking up again. The financial news often feels like Groundhog Day at the moment, with the same concerns about a US or global recession, the reaction of the Fed, inverted yield curves, trade wars and Brexit appearing then receding from week to week. My portfolio has been holding up relatively well apart from one fly in the ointment – Burford Capital.

Continue reading