Just a quick update.   There’s some notable wrong calls I have made and my Merrill’s call to buy, below, now seems embarrasing. I’m glad I’ve got it written down, cause I might have forgotten about it. I hope I learn from it. MEL is now at $44. As you can see, I’m no Warren Buffet and my [...]

I have made many mistakes in investing and I want to record my mistakes so that I will have to ensure I do not repeat mistakes twice. Therefore, though shall not, Invest in a stock on the basis of stock price movement (MXP: I did this with this oil company - Max Petroleum - and although it [...]

This post is the most important post on my blog ever, ever, ever. I am going to BUY Merrill Lynch! Send me to the Sanitorium!  Why Bank on the Banks you may ask? You may inform me that I am mad as Merrill Lynch have announced 7.9 Billion of writedowns today! I ask you to [...]

Note: I am not shorting this in my SIPP account.  Erinaceous Overview Debts of 170 million @ 10% interest per year – £17 million in interest.  6 months to 30 june 07 – revenue £116.5 – pre tax loss £3.9 million. The company recently announced that it may have problems continuing as a going concern and [...]

After last years 77% gain (to Aug 2007) in my SIPP, last month it fell from £32,000 to around £29,200, so getting my target return of 50% this year will be a challenge. Warren Buffet says he would guarantee 50% year on year for a portfolio under $10 million, so my work is definitely cut out.    It’s funny [...]

More losses. My SIPP is now around £29,500. I now realise how difficult it is to get 50% year on year. I’m still on track, but its certainly far tougher with the recent market. I have derisked my portfolio somewhat and now own around 10 stocks. Just to keep you in the loop, here is [...]

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 [...]

My pension pot is now circa £39,000. That’s £21,000 of profit in under a year. If I keep this up, I will be retiring a very wealthy man. In 10 years time, when I’m 47 years old, I would have £80 million if I maintain current growth rates. £20 trillion when I’m 65. I know 100% year on [...]

I sold out and bought TAL. I may regret this, but just couldn’t hold on. My reasons are, 1. Main Reason – Morrisons results didn’t give this SP a bump up (this worried me) 2. Couldn’t get out of my head the Warren Buffet saying, ‘If you don’t want to own a company for 10 [...]

Sorry, I’ve not had time to update this blog recently, but I have some great news. I have nearly achieved the 50% increase in my portfolio and it’s only 5 months in  - I started my SIPP on the 17 July 2006. My SIPP value is now £26,700 and I started with £18,850 – an [...]