After having started the year with the intention of adding to the portfolio rapidly, specifically to broaden my risk I added Beazley (BEZ:LN) Lloyds (LLOY:LN) and Monitise (MON:LN). Have been happy with at least two of these purchases, and this years’ experience (so far) has only been soured by a stalled price for Lloyds (LLOY:LN) meaning I am carrying a small loss.
However since then I have almost had to have a Fire Sale type situation and have had to sell a percentage of the portfolio for home improvements. So out have gone my holdings in Legal & General (LGEN:LN) Barclay’s (BARC:LN) and Tesco(TSCO:LN) had to go as it crossed the Stop-Loss threshold. Fortunately on this occasion it was a smart move, as Tesco is languishing at just below 300 at time of writing. Longer term I may yet buy back-in but with the falling profits I can’t see how the generous dividends can continue much longer.
Looking at the year ahead for my personal investing journey I have the prospect of having to purchase a new car this year, and funding two overseas holidays, so my stock market ambitions are likely to be limited to one or two further additions this year. Sometimes life just gets in the way.
Author can be contacted: Investing1234@hotmail.co.uk
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