RE: Red Braces Brigade4 Sep 2021 19:44
Good evening everyone. A rare weekend posting. Hope you all had a good week, and having a good weekend.
Given the performance of the website (I wish they’d invest in a better server) I’m never to sure whether we’ve got better things to do than post on here, or posts go missing. Anyway, I thought I’d test the waters.
It’s gone half six and I’m sat here in the sun, in garden and having a nice cold beer. Can’t say I do that very often in September.
A while back I talked about swapping my Scottish Widows pension fund for something more adventurous as it had averaged just a 5% return these past few years. However, since beginning of April it’s gone up 6%, whereas my pf has treaded water, even aided by my short term/day trading. So, I’m leaving it where it is, as whoever is looking after it knows more than me!
Pf wise, this past week would have been bad, with sizeable losses increasing on AVON, JDW and Pfizer. These have been more than compensated for by EUA almost doubling. That can’t be a sustainable strategy and I want to unwind AVON and JDW asap, but they are in my maxed out ISA. Fortunately, I don’t need the cash so will hold out for now.
I was browsing on another bb a while back (can’t remember which one, but a heavy poster suggested to a newbie (I think) reading REBMINISCENCES OF A STOCK OPERATOR. It was published in 1923. Ok, he was an American wheeler dealer without the transparency today, so a lot of it was irrelevant and I don’t think an individual can move the market like he could in the day, but the psychology of individual and collective thinking on investing was interesting and valid today. https://www.gutenberg.org/files/60979/60979-h/60979-h.htm
If I followed what he said, I think I should sell AVON as it’s still dropping.
I can’t bring myself to though :)
Enjoy the rest of the weekend!