I'm not going to worry about what I can't control and there seems little alternative should a default occur.
As it is I have continued to buy shares and have added Vodafone following my considerations (Vodafone: "Deal or no deal" on Verizon Wireless!), in the wake of the company's announcement of a deal to sell its stake in Verizon Wireless.
But as things stand September was another flattish month for my portfolio with a small decrease of -0.40% being registered whereas the FTSE100 increased by 0.77% in the month.
This looks to be a result of the US situation and a weakening dollar (affecting my portfolio), which saw the rate of exchange swing to $1.62 to £1.
So despite a few dividends coming in my portfolio notched up its third negative month for the year.
Dividends were received from BG, Microsoft, BP, and SSE.
At least, YTD my portfolio remains up by a healthy 18.41%, with the promise of fresh gains should the US budget debate be resolved positiviely.
But, it also seems strange that there has been no European turmoil so far this year which is one less issue over recent years.
Back to my portfolio though.
Apple has continued to wallow despite the launch of the iPhone 5S and 5c, but subsequent record first weekend sales appears to have prompted analysts to steadily increase their targets for the company so perhaps the sentiment driven tide is turning again.
BP is also struggling now that it has entered a critical second trial phase of 3 with regard to the scope of the Gulf of Mexico disaster in which the judge will seek to determine the extent of negligence and the amount of oil spilled.
My portfolio's very own energy sector also wobbled following Ed Miliband's personally motivated comments to win electorate support.
Given his part in driving prices up by record amounts whilst he was Labour's Secretary of State for Energy and Climate Change and his oft quoted statement from that time that ‘there is no low-cost energy future’ (http://www.thisismoney.co.uk: Going green meant gas bills rose 10% when Ed Miliband was energy secretary), I can only view it as a thinly veiled attempt to sway the mindset of those most vulnerable for his obvious personal gain.
The inevitable result being that if he were to become PM, then there would be any number of reasons why it wouldn't be possible.
As it is, I am looking at a potential top up of SSE if the window of opportunity remains open long enough.
But fair to say I have viewed recent months as a buying opportunity with my eye on the longer term.
| Merchant Adventurer's Index | ||||||||
| Forecast | 1 month | YTD | 33 mth | |||||
| Price | % holding | Div. yield | % gain | % gain | % gain | |||
| R-R | 1112.00p | 31.36% | 1.98% | 0.00% | 27.30% | 78.49% | ||
| National Grid | 730.50p | 13.71% | 5.76% | -1.62% | 3.91% | 32.10% | ||
| Aviva | 396.80p | 9.94% | 4.07% | 2.59% | 6.38% | 17.44% | ||
| Apple ** | $476.28 | 5.60% | 2.04% | -6.46% | -8.82% | 15.36% | ||
| BP | 433.10p | 5.38% | 5.38% | -2.94% | 1.12% | -4.39% | ||
| Vodafone | 216.00p | 4.62% | 4.78% | 4.48% | 15.67% | 14.09% | ||
| IG Group | 579.00p | 4.44% | 4.12% | 1.94% | 28.67% | 21.33% | ||
| William Hill | 403.00p | 3.92% | 2.91% | -2.94% | 22.34% | 118.81% | ||
| Imperial Tobacco | 2287.00p | 2.74% | 5.07% | 7.27% | 1.24% | 1.24% | ||
| BAT | 3276.50p | 2.65% | 4.40% | 0.66% | -2.32% | -2.32% | ||
| General Electric ** | $23.89 | 2.05% | 2.74% | -1.03% | 13.62% | 50.78% | ||
| Centrica | 369.70p | 1.98% | 4.70% | -4.20% | 10.82% | 11.49% | ||
| BAE Systems | 454.40p | 1.94% | 4.46% | 4.44% | 34.88% | 37.70% | ||
| Microsoft ** | $33.17 | 1.80% | 2.55% | -5.00% | 23.87% | 14.37% | ||
| SSE | 1474.00p | 1.73% | 5.99% | -5.69% | 3.95% | 20.33% | ||
| Morrisons | 280.00p | 1.51% | 4.63% | -3.51% | 6.46% | 4.63% | ||
| BG Group | 1180.50p | 1.47% | 1.50% | -3.79% | 16.59% | -8.91% | ||
| RSA Ins.Grp | 120.90p | 1.39% | 5.29% | 1.94% | 2.19% | 2.19% | ||
| Tesco | 359.00p | 1.22% | 4.21% | -2.06% | 6.85% | -10.01% | ||
| Cash | 0.55% | 0.00% | ||||||
| 100.00% | 3.59% | |||||||
| 1 Month | YTD | 33 mth | ||||||
| Virtual Portfolio gain (incl. Dividends) | ||||||||
| - 1 month gain 1955.19 - | 1947.37 | -0.40% | ||||||
| - YTD gain 1644.62 - | 1947.37 | 18.41% | ||||||
| - 33 month gain 1264.20 - | 1947.37 | 54.04% | ||||||
| - 45 month gain 1000.00 - | 1947.37 | 94.74% | ||||||
| FTSE gain (excl. Dividends) | ||||||||
| - 1 month gain 6412.93 - | 6462.22 | 0.77% | ||||||
| - YTD gain 5897.81 - | 6462.22 | 9.57% | ||||||
| - 33 month gain 5971.01 - | 6462.22 | 8.23% | ||||||
| - 45 month gain 5412.88 - | 6462.22 | 18.48% | ||||||
| Transactions: | ||||||||
| 03/09/2013 | Buy | Vodafone @ 2.05373 | ||||||
| 06/09/2013 | Div | BG Group @ 8.51p per share | ||||||
| 16/09/2013 | Div | Microsoft @ 12.13p per share (act rec'd) | ||||||
| 20/09/2013 | Div | BP @ 5.53p per share (act rec'd) | ||||||
| 27/09/2013 | Div | SSE @ 56.1p per share | ||||||
| Notes: | ||||||||
| * US Dividends are adjusted for exchange rate and 15% withholding tax | ||||||||
| ** Sterling : Dollar exchange rate = £1: $1.62 as at 30/09/13 | ||||||||
Chartwise the most telling point is the 2 months of falls in my portfolio as it continues to consolidate within reach of all time highs.
 |
| Click to enlarge, close to return. |
So the most obvious immediate concern is the US debt ceiling negotiations, followed by potential escalation of the ongoing crisis in Syria.
But for the former I am optimistic that sense of some kind will prevail over political ambition which would remove some uncertainty and provide a base for further economic recovery.
I continue to be optimistic and look forward to the year end.
Related article links:
- http://www.thisismoney.co.uk: Going green meant gas bills rose 10% when Ed Miliband was energy secretary
Related Posts:
- Vodafone: "Deal or no deal" on Verizon Wireless!
- August 2013: Portfolio Update.
- July 2013: Portfolio Adjustment (for new funds).
- July 2013: Portfolio Update.
- 20 May 2013: Portfolio milestone.
- April 2013: Portfolio Update.
- March 2013: Portfolio Update.
- February 2013: Portfolio update.
- January 2013: Portfolio Update.
- December 2012: Portfolio Update (2012 Year-end).
As your a p.i. That holds Americana stocks, did twitter float your boat? Have you bought in? Price to launch is $26 per share, once listed, where do you reckon it will settle at? Interesting to hear your thoughts?
ReplyDeleteHi Ritsut,
ReplyDeleteno it didn't (unfortunately!), but it seems to have been a success.
My concern continues to be (flotation aside), how the company will make the profits it needs to to be a long term fixture. If companies sponsor celebrity wearers of brands (rather than pay twitter), then its left with "traffic" and corporate communications on which to make its money.
It also seems to be on the acquisition trail to boost commercial income so we shall have to wait and see how this feeds through to profits or losses.
There is certainly plenty of speculation and excitement around the company though which means that there is profit for someone!