Updates:-
29/9/9 - Sugar sold at 1281p (bought 22/11/07 for 666.95)
1/10/9 - Crude Oil sold at 1584.60 (bought 23/02/09 for 1261.03)
Barretts small profit.
Concerned about US stocks rising with the amount of money being printed. This would be bad for me. Conversely, even a moderate fall would be very good for me.
From my original email:-
I've decided to note down buys, sells and thoughts. For a long time, I've believed that you can't trust anyone, especially paid advisors for investment advice.
Because of this, I've got more and more interested in investment topics.
I don't discuss this with many people, but you (whoever you may be...) and I have discussed such things. You may even have got yourself an ISA (share.com/selftrade/Hargreaves Lansdown maybe?).
At some point in the future I would like to switch away from my current job and build a career along these lines. I hope you'll forgive me experimenting on you....
I'm not licenced to give advice and you should always do your own research, DON'T take my ramblings as advice.
BUT if it triggers thoughts in you that you wish to act upon, fair enough. Consider it as a conversation after a pint or as part of a share / investment club.
Anyway, today's activity...
ISA
Prepared a sell order for Sugar ETFS
22/11/07 Buy 666.95
Current 1170
willing to sell at 1280
Prepared a sell order for Crude ETFS
23/02/09 Buy 1261.03
Current 1491
willing to sell at 1570
I previously bought ETFS Lean hogs, this was a bit of a disaster.
Current: 59p (95c)
Bought: between 64p and 115p
I've put an order that will buy at 40p on my ISA and on my spreadbet account (US$, so hard to compare) I have added 3 bets, 1 at today's price (96.75c) and 2 around 75% of current values (70c & 80c).
Reasons:-
1) Sugar - taking profits.
2) Crude - I think next leg down of recession will hit in next 5 weeks
3) Lean Hogs, I can't believe they can get much cheaper, the producers would be out of business.
4) Dealing 'at limit'. Much of what I do is denominated in US$, plus the markets are volatile, so there's two levels of volatility - this means that at some point, my aspirational asking/buying price might be met. Especially when doing the deal in the first place, I work out what I think is a fair price and offset by a large chunk.
Most of ISA is connected with Silver's price in GBP. A weakening GBP and rising silver price is doubly good for the ISA.
My spreadbetting consists of loads of what-ifs, unless prices are really low/high, I won't be dealing (see reason 4).
My open positions are:-
barclays (small loss)
Barratts (houses) - evens
Lean Hogs - just done today
Ultrashort Russell 2000 Index ie when a share index in the US rises 1 point, this falls 2 points & vice versa. I am hoping the US stock market tanks (currently losing!).
Overall around 5% up on the year. A fall in the Russell 2000 Index (and rise of my Ultrashort) could make loads.
That's all....
Rob
Posts
No comments:
Post a Comment