DIY Investor Magazine
| Oct 2017
48
HUMBUG - AKA ‘THE TORTOISE’
FAGIN - AKA ‘THE HARE’
OR
THE GREAT BRITISH TRADE OFF – TRADING VS INVESTING
AT THE HALF WAY POINT, UP £22,211 FAGIN IS IN A COMMANDING
LEAD AND HE OFFERS HUMBUG SOME ADVICE!
The Great British Trade Off
is between two trading
partners
Humbug
(because he owns a sweet shop
and possibly because of his demeanour) and
Fagin
(because he like to pick the market’s pocket); as part of
their product development and market testing exercise,
for the tax year 2017/18 they decided to challenge each
other to see who could produce the best return on a
real life one hundred thousand pound portfolio, both
using different variants of the momentum trading system
they’ve developed.
Humbug is £2380 down but remains confident;
when the going gets tough, the tough, er - go
sailing?!
September was an absolutely crap month for me; at the
beginning of the month I’d have turned the summer’s
losses into a profit of a thousand pounds had the price
of
Indivior PLC (INDV)
not collapsed on me, after a
warning of litigation in the US and that was only the start
of my woes.
At the low point I was
£4k down
, but then guess what;
the sun came out.
For sure I’m still stuck in the stuff and way behind
Fagin
at the halfway point of
The Great British Trade Off
,
but I’ve pulled back almost £2k in the last ten days and
I’m very hopeful that the good times are about to roll.;
there’s a great song from the late sixties by the
Love
Affair
called Bringing on
Back the Good Times
, it’s on
YouTube - here’s a trip down memory lane:
........if I win this competition I may well have it as my
theme tune.
If I win this competition and yeah, that is going to be
no easy trick, no matter how well my little mini hedge
fund does over the winter,
Fagin
is trading right at the
top of his game, 20% up in six months is a blinding
performance -
WELL DONE HIM!
Trading and investing is very much a confidence thing
and confidence is fragile. Mine got a kick in the mouth
last week (even as the portfolio was recovering); I took
my great little car to the BMW garage for its annual
service, booked it in and talked in detail with them
about what needed doing and left it there. Rang up the
following day to see when I could collect it and guess
what, they’d forgotten me.
As I said at the time, ‘for crying out loud guys how many
tortoise’s do you know who drive a Beemer, write for
diyinvestor.net and are a dead ringer for Bill Nighy?’
‘How could you forget me?’ DUH.
