I had returned to fundamentals for a wee bit
Over the past three months, I have turned my hand to hard manual labour, and a bit of outdoor hiking. With the markets in the state they have been in, it was a good solution to prevent any mishandling by me. My wee sojourn to Stewart Island was superb and a short stop in both Gore and Invercargill added a lot of interest: thoughts are stirring about a return to rural roots which may actually be a possibility if this accidental property developer pulls off the biggest project in their lifetime (and doesn't end up in a desperate state in the process). The little unit I "lightly refreshed" is now rented, my NZ car stored with gumboots and tools inside, I have finished hiking 100 miles in more northern climes and have returned to the heat of the Middle East and my large iMac with spreadsheets and accounts to complete.
So where are my share folios now? The UK based growth one is essentially where it was in early June, the more conservative one is up a tad, and my NZ folio is up considerable thanks to my penchant for high yield purchases. Other than my opportunistic buy and sell of a US listed global infrastructure fund, I have kept my active fingers off the folios. Exchange rates have been superb for me at the moment with both the NZD and the GBP achieving good lows, I was able to fund one renovation without taking on debt and nearly complete cash gathering for the 2021/2022 academic year (important risk mitigations for the family). Meanwhile with the drop of the OCR, the NZ folio skyrocketed for me. So much so, that now I am beginning to wonder if it is even worth holding on to it as I only really have one growth stock in the folio - maybe I should revert to my old practice of "banking the gains" into a mortgage? Hmmm not the best yield approach but it may well allow me to sleep better at night - the yields on the shares are now barely better than a good bank deposit and the share prices are possibly fair to overvalued. Sometimes I wish someone could tell me what to do! Let us see what happens over the next two weeks or so.
And will Saudi retaliate against Iran, even more jets flying over head now: not only the US grey ones, but also the more local white ones...watch those oil prices!
Invest well and stay patient and take a risk here and there.
BeeBop.
Bl**dy Boris - Bl**dy Brexit
Quote:
Originally Posted by
GTM 3442
If you're keen on the U.K. maybe have a look at US Treasury Bills/Bonds (3-7 and >20 years) denominated in GBP thru an Irish-domicile ETF.
CU71 and IBTL have done OK for me YTD
I had to move quite fast yesterday to get shot of these two bond ETFs and lock in the gains when the GBP went above USD1.24. I hope that it's not a one-day wonder!
I left the money in the GBP-denominated S&P500 ETF though.
Now comes the issue of what to do with all those pounds. . .