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GoSeigen million challenge!

Honest reporting on shorter-term trading activity and ideas
GoSeigen
Lemon Slice
Posts: 316
Joined: November 8th, 2016, 11:14 pm
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Re: GoSeigen million challenge!

#81864

Postby GoSeigen » September 18th, 2017, 6:36 pm

Following on from the previous post, apologies for not posting an annual update on 10 June. I shall post today's holdings and valuation. The IRR calculation will be made as if the value on 10 June were the same as today's. In fact there has been a gain since June, but it's small enough to be immaterial for the purposes of this board. Note also that there has been about £100 of interest/dividend income over the year which I have not documented.

    ---Asset allocation---
Date Description Symbol Unit Price Quantity Cost Basis Value
18 Sep 2017 Barclays Ord 25p BARC 1000 £1,510.51 £1,875.50
18 Sep 2017 FTSE 100 Short XUKS 500 £2,291.40 £2,105.00
18 Sep 2017 Liverpool Corp 3.5% 79HJ 4500 £2,943.47 £3,375.00
18 Sep 2017 RBS Ord £1 RBS 800 £1,724.47 £2,017.60
18 Sep 2017 Cash £8,396.71
18 Sep 2017 TOTAL £17,769.81

---Trades---
Date Description Symbol Unit Price Quantity Fees Value
20 Apr 2010 BUY TR27 0.9657 2017.44 £51.76 -£2,000.00
5 Jan 2011 BUY TR27 1.0102 2213.36 £31.46 -£2,267.40
10 Sep 2012 SELL TR27 1.256 4230.8 £1.85 £5,312.03
10 Sep 2012 BUY BBN 0.505 10000 £50.00 -£5,100.00
25 Sep 2014 SELL BBN 1.65 10000 £50.00 £16,550.00
8 Apr 2016 BUY BARC 1.491096 1000 £19.41 -£1,510.51
6 May 2016 BUY RBS 2.13 800 £20.47 -£1,724.47
14 Jul 2016 BUY XUKS 4.86244 600 £11.95 -£2,929.41
19 Dec 2016 BUY 79HJ 0.64 4500 £63.47 -£2,943.47
2 Jun 2017 BUY XUKS 4.10361 400 £11.95 -£1,653.39
18 Sep 2017 SELL XUKS 4.2143 500 £11.95 £2,095.20

---Cash flows---
10 Jun 2010 Deposit CASH £2,973.66
10 Jun 2011 Deposit CASH £1,208.00
10 Jun 2012 £0.00
10 Jun 2013 £0.00
10 Jun 2014 £0.00
10 Jun 2015 £0.00
10 Jun 2016 £0.00
10 Jun 2017 Valuation -£17,769.81
IRR 23.97%



Clearly growth in the fund is not fast enough to meet this board's target of £1million in 20 years (IIRC). However, with a steady increase from last year, the account IS meeting my fiduciary duty to provide a return with minimal risk to capital [it's a bare trust containing my daughter's savings].

The fund is very conservatively invested, with a large cash and bond balance. Contrary to my expectations, the Liverpool municipal bonds have performed very well with a 15% gain plus interest since purchase. Banks have taken a breather this year, while the short FTSE ETF has lost a little in its role of hedge for the equity. As stated in my last post I have reduced that hedge on the simultaneous weakness of FTSE 100 and BARC/RBS, but will reinstate the hedge if equities look frothy again.


GS

GoSeigen
Lemon Slice
Posts: 316
Joined: November 8th, 2016, 11:14 pm
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Re: GoSeigen million challenge!

#91213

Postby GoSeigen » October 27th, 2017, 4:53 pm

The FTSE100 and many other markets including the S&P 500 have been performing strongly since the last trade in September. Many bank stocks are also moving up, but BARC has struggled. The bank is still looking good value to me and although it does feel a bit early to be buying BARC, I have today added to the position in this portfolio.

If FTSE breaks to decent new highs I will again hedge against this additional bank equity exposure.

Today's trade:

Date          Transaction   Symbol        Unit Cost     Quantity      Fees          Value
27 Oct 2017 BUY BARC 1.84025 800 £19.31 £1,491.51



GS

Kipling
Posts: 8
Joined: November 28th, 2017, 12:17 pm

Re: GoSeigen million challenge!

#103999

Postby Kipling » December 13th, 2017, 8:27 pm

GS,
I've found your posts really informative and I like the whole idea of trying to turn £3000 into £1 million, so I'll say challenge accepted.

My chosen vehicle is a Lifetime ISA managed through Youinvest - I'm going to take advantage of that because at 36 it'd seem churlish not to take advantage of £750 next April.

My first move has been to take 20 units of SEMB at around £85 - the reasoning behind that is the monthly income will offset portfolio admin and buying costs in the near- and medium term.

Again, many thanks for your posts, they've been a part of my night reading on many a dull watch,

K.


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