I’ve sold all my Barclays shares on the news that Roger Jenkins is leaving. If there was ever a time to be cautious, this is it. This guy earned them alot of money. It doesn’t bother me that his presense will be missed, it’s just the posssibility that he may have left for a reason. Prudence says sell. I may reinvest after the next set of results confirm that there is no bad news in the offing.
Also, my SIPP is coming back to some sort of good value- £15000 now, so improving. However, my ISA is doing even better. Stocks sectors I have include finance, oil and gold, though I probably will be lowering my exposure to gold over the next few days as the stocks I own – Rangold, Norseman, Medusa Mining and Centamin look to be running slightly out of steam.
Currently hold around 8% of my holdings in Lloyds and this year is shaping up to be a cracker. Hopefully will make that 50% over the year.
Also, its so bad that so many people have missed the two big run ups this year. Remember, Warren Buffet says buy when everyone is fearful and if you followed his advice you would be in the money.