Statement of intent

StuartGMC

Today has been an excellent day on the markets, such that our Funds are now in profit by 7.14% but can this growth continue?

Russia & Greater Russia is only down by only 3.14% which is good considering we bought in at a lump sum on 9 June 2008, and purchases monthly thereafter to 15 Jan 09.

Neptune Russia and Greater Russia (NERGRA) -3.21%
Investec Fund Mgrs UK Smaller Cos Acc (GMTBUA) +13.97%
Threadneedle Latin America Ret 1 Acc (ADLAG) +15.89%

New funds starting Jan 09
BlackRock UK Absolute Alpha P Class (MYAAP) +2.70%
M&G International Sovereign Bond (MGISA) +4.44%
First State Asia Pacific Leaders (CFAPLA) +24.70%
Neptune US Opportunities A (NEUSA) +14.88%

I need to build more in Asia so may look to increase contributions in FSA PAcific Leaders, but I'm caught with also trying to get our cash position such that we can clear the mortgage; nothing's simple is it?

Sonia_L

thanks for your post

SuiDreams

StuartGMC wrote: »

QB
Heating was only on to check zone valves were all working and to pump round for an hour or so; don't want to call a plumber when we NEED it on. It's off again now, hopefully until November. We too are dressing for the season but it is so difficult when work is at 22-24°C....

Unfortunately we've had to have ours on for 20 mins in the mornings this week its very cold at 6am in the North of England

twinklie

Snap Sui...ours clicks on at about then as well. Unfortunately we work on different times so ours is on about 2 hours all in all.

StuartGMC

It's pretty cold at 5am in East Anglia, but we do have the bedroom window open overnight so it makes the rest of the house seem warmer.

StuartGMC

Well, I couldn't let the present situation go without showing the graph which shows the positive position and also the increased slope for the trend of the funds value.



Presently I'm trying to decide whether to realise some of the recovery in the Russia funds and use this to boost the Asia funds, or wait for the former to actually hit profit then sell say 50%..

evab_2

I have absolutely no idea Stuart but hope you make the best decision!:D:o:D

StuartGMC

Decision made; we've placed the sell order for 50% or so of the holdings in Russia and Greater Russia. The plan then is to increase holdings in Asia (but likely do so over a few weeks for pound-cost averaging) and maybe US. I need to look closely at this in terms of when to do so if there are any apparent trends, and fingers crossed the price for NERGRA doesn't plummet tomorrow (unlike shares no option to set price to sell, unit trusts are simply "you choose to sell, we'll tell you the price once sold".)

What it will mean is a better balance across Asia, Latin America and Russia, whilst still keeping some units in the latter for possible growth as oil and mineral commodity prices rise which should lift the fund too.

gallygirl

StuartGMC wrote: »

Decision made; we've placed the sell order for 50% or so of the holdings in Russia and Greater Russia. The plan then is to increase holdings in Asia (but likely do so over a few weeks for pound-cost averaging) and maybe US. I need to look closely at this in terms of when to do so if there are any apparent trends, and fingers crossed the price for NERGRA doesn't plummet tomorrow (unlike shares no option to set price to sell, unit trusts are simply "you choose to sell, we'll tell you the price once sold".)

What it will mean is a better balance across Asia, Latin America and Russia, whilst still keeping some units in the latter for possible growth as oil and mineral commodity prices rise which should lift the fund too.

Well done Stuart, it always feels better to have made a decision. Look forward to hearing what funds you choose. IMHO you were a bit heavy in Russia :rolleyes:

StuartGMC

GG
I agree we were heavy in Russia but in Spring 2008 that was a good place to be :rotfl::rotfl::rotfl:

Plan was to get other areas increased and hold the units in Russia, but I think Asia will offer more possibility of steadier growth so will likely put most into our existing fund in this area First State Asia Pacific Leaders (CFAPLA) and continue the monthly contributions across the 6 funds. Once we have built up capital reserve and are MF, then I would expect to already be buying Russia on a monthly basis plus the other 6 funds and likely also to be buying into a further 4-5 funds to diversify across other sectors.

Neptune Russia & Greater Russia went up again today so I hope we'll get a good price on the units we're selling. Overall portfolio is up again today, now 8.16% overall profit.