LM portfolio as at 19/11/2021:
| Code | Sector | Date Bought | Cost | Value | Gain/Loss |
|---|---|---|---|---|---|
| LM026 LM026-2 LM026-3 |
ETF | 14/10/2020 09/12/2020 06/07/2021 |
£3430 | £3900 | 13.92% |
| LM028 LM028-2 |
'No specific industry' | 16/11/2020 10/08/2021 |
£2280 | £3030 | 32.85% |
| LM033 LM033-2 |
Health Care Equipment & Services | 04/01/2021 03/08/2021 |
£2320 | £2350 | 1.52% |
| LM034 | Food & Drug Retailers | 18/01/2021 | £1020 | £1230 | 20.60% |
| LM035 | Food Producers | 19/01/2021 | £1040 | £1040 | (0.14%) |
| LM037 LM037-2 |
Life Insurance | 03/03/2021 05/07/2021 |
£2290 | £2510 | 9.67% |
| LM038 | Banks | 10/03/2021 | £1020 | £1170 | 14.59% |
| LM039 | Pharmaceuticals & Biotechnology | 30/03/2021 | £1030 | £1120 | 9.03% |
| LM040 | General Financial | 27/04/2021 | £1020 | £1410 | 38.14% |
| LM041 | Real Estate Investment Trusts | 27/07/2021 | £1270 | £1470 | 15.70% |
| LM042 | Construction & Materials | 27/07/2021 | £1270 | £1370 | 7.98% |
| LM043 | ETF | 27/09/2021 | £1260 | £1260 | (0.16%) |
| LM044 | Support Services | 27/09/2021 | £1270 | £1160 | (8.44%) |
Two positions went this morning after the weekend's checks.
The first one to go is LM035 which was one unit of Premier Foods (PFD). This has been in the LM fund for around 10 months and has done absolutely nothing. This week it popped under the 200 day simple moving average so I've dumped it.
Second trade closed is a short-term commodity trade on Crude Oil. This was LM043 and was a purchase of PBRT, the ETC that I have traded in several times before. This time around the investment didn't work and I've closed it to cement a 16p loss.
A little disappointing to see a couple of losses in the portfolio, especially in the case of Premier Foods where the money was tied up for nearly a year only to come out pretty much at breakeven. Of course there was the dividend - a whopping £10 - to offset the loss. In conclusion it could've been much worse but all in all a £1.89 deduction to the LISA fund.
The good news is there is a lump of cash available for investment for the first time in a couple of months.
There is one investment which will be made straight away - a pyramid of an existing trade. The rest of the money will sit patiently waiting for a suitable opportunity.
Having seen the messy price action of THG in the past month I am wondering if there could be a way of detecting and profiting from shares which have dropped drastically but perhaps offer some recovery potential.
This would be a new tactic, differing from the usual LM method of buying new 52 week highs and as such it would only warrant a cautionary test investment with a tight stop-loss.
However, I wonder if it might be worth buying on seeing the share make a new 40 day high and then closing if/when it makes a new 20 day low. Same as the commodity trades which have performed well in the fund.
It will require some work, and a spreadsheet, to keep track of the shares in question but may be a short-term trading method that could help boost the fund to its 18% profit this year.
Something to consider...