Page 47 - DIY Magazine June 2018

Valuations in the Technology sector could induce a nose bleed, but I do like this sector and the huge excitement that surrounds it.
My largest holding here is also my largest holding in the portfolio; I’ve nearly £11k in the Polar Capital Global Technology (GBP Hedged Income) Fund. www. polarcapital.co.uk I like this fund and have done well with it. My first purchase was in October last year and that’s up 16% in six months.
Yours Aye
Humbug
The most important thing in life is to stop saying
‘I wish’ and start saying ‘I will’. Consider nothing impossible, then treat possibilities as probabilities. Charles Dickens
double the value of my portfolio which I clearly failed to do. A combination of a lack of time, and excessive sentiment hit me in the wallet and the emotional breadbasket but I am very grateful for what I achieved and for the most part I stuck to a method that gave me my edge; over the period I had a 62.5% win rate.
One of my favourite mentors David Paul, quotes the famous martial artist Bruce Lee; ‘I fear not the man who has practised 10,000 different kicks once but I fear the man who knows one kick and has practised it 10,000 times’.
This year my target is to grow my account by 5 - 7% per month, I am going to have to ask, Fagin’s Gang member and GCSE maths daughter/compounding expert to tell me what it will mean at the end of the year (+ 79.6% /
+ 125.2%....Ed). For me I will focus on the next trade, emotional serenity and risk/money management.
I bagged £2511 on two short term swing trades in BBA Aviation (BBA) and Wood Group (WG.)
However, the week commencing 7th May was a bit of a wake up – I’d burgled a respectable £1157 profit, but for the first time in the 57 weeks of the competition Humbug gave me a whuppin’ by trousering £1829.
However – ‘winners focus on winning, losers focus on winners’ – Anon, but adopted my Conor McGregor
Dukes up! Fagin
Fagin (trader): ‘Hello my dears, last time out I told you that my portfolio had shed £10k since Christmas and that I’d gone flat because I’d allowed emotion to creep into my decision making.
As we moved into the second year of The Great British Trade Off, markets came back strongly but not strongly enough for me not to see straight through Humbug’s £2m April fool wheeze!
Still, he’s clawing his way back in with a much improved performance; as well as at DIY Investor regular updates of GBTO are now available at our new site www. seeking nancialindependence.com which pretty much does what it says on the tin.
I was surprised by the margin that trading beat investing by, but my target, declared only to Humbug, was to
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47 DIY Investor Magazine | Jun 2018