UK Investment SIPP blog for the longer term

The value of my SIPP is now standing at £32,000. It’s a good return since I started on the 17th of July 2006, but down from the high of £39,000. Therefore, my first year return for 2006/2007 is 77%.

I am not fully invested at the moment and plan to update this blog with an audit of last years trades so I can go over my mistakes and hopefully adapt and learn for the future.

My investing has changed a lot over the year and I will analyse these changes so that I can determine if I am operating with a sustainable investment philosophy for the future.

On an individual stock basis, I think that RCG is looking cheap, but the issue of the lack of cash generation still irks me somewhat. The interims are due shortly and we will see cash flows then. If this company is burning cash then it may have difficulty asking the market for more in the present credit climate!

A stock that I love though is Apple as I think they have a huge competitive moat, especially with the music sales through iTunes. I can see these sales increasing for years to come. I will be doing a sales forecast on them next - just noticed they were down another 4%!

Suggestion! If theres a new born in the family, buy them some Apple shares. If Apple can survive 70 years then this pip could grow into an orchard.