Year 2, week 21: £199,741.85 down -0.57%

Arrow pointing downPortfolio summary, gain/loss this week ending 28/06/2014:

Total Fund £199,741.85, down -£1,135.44, -0.57%
Stocks & Shares ISA is £87,153.36, down -£690.41, -0.79%
Vantage Fund & Share Account is £112,588.49, down -£445.03, -0.39%
Year 2 weekly average gain £203.88, 0.11%
Average annual gain (year 1:year 2) 8.75%

View a summary of the shares (excludes cash) held within each account at 28/06/2014, click on the links below:

ISA Summary 280614
Vantage Summary 280614

Year 2, week 20: £200,877.29 up 1.47%

Arrowing pointing upPortfolio summary, gain/loss this week ending 21/06/2014:

Total Fund £200,877.29, up £2,913.40, 1.47%
Stocks & Shares ISA is £87,843.77, up £2,171.40, 2.53%
Vantage Fund & Share Account is £113,033.52, up £742.00, 0.66%
Year 2 weekly average gain £270.84, 0.14%
Average annual gain (year 1:year 2) 9.63%

View a summary of the shares (excludes cash) held within each account at 21/06/2014, click on the links below:

ISA Summary 210614
Vantage Summary 210614

Year 2, week 19: £197,963.89 down -1.83%

Arrow pointing downPortfolio summary, gain/loss this week ending 14/06/2014:

Total Fund £197,963.89, down -£3,695.07, -1.83%
Stocks & Shares ISA is £85,672.37, down -£2,601.88, -2.95%
Vantage Fund & Share Account is £112,291.52, -£1,093.19, -0.96%
Year 2 weekly average gain £131.76, 0.07%
Average annual gain (year 1:year 2) 7.81%

View a summary of the shares (excludes cash) held within each account at 14/06/2014, click on the links below:

ISA Summary 140614
Vantage Summary 140614

Year 2, week 18: £201,658.96 up 0.35%

Arrowing pointing upPortfolio summary, gain/loss this week ending 07/06/2014:

Total Fund £201,658.96, up £709.95, 0.35%
Stocks & Shares ISA is £88,274.25, up £174.48, 0.20%
Vantage Fund & Share Account is £113,384.71, up £535.47, 0.47%
Year 2 weekly average gain £344.36, 0.18%
Average annual gain (year 1:year 2) 10.56%

View a summary of the shares (excludes cash) held within each account at 07/06/2014, click on the links below:

ISA Summary 070614
Vantage Summary 070614

Losing £40,000 in 6 months

There I was with more cash than I had before, it was 2007 and we (my partners and I) had just sold a business, now what to do with some of the money. The first thing was to give family members £1000 each with one proviso, they had to spend it. I had a family in new trainers, and the fags were being crashed (sharing cigarettes) left right and centre! The second was a family trip to Disney World, duty-free fags and ‘all you can eat’ lobster! I often reminisce and smile about taking my brother to a lobster buffet in Florida for the first time. After getting to grips with the idea that he could eat as many lobsters that he was able to stomach, it was a joy watching him devour lobster after lobster, pausing between tails to excrete profanities of delight, he even smuggled one out under his coat for later.

Then there was the stock market.

I was already feeling like a pro investor on the back of my property portfolio and reading an investment supplement. It was all nonsense, I didn’t really know anything! Did I mention I was cocky, OK not so much these days but looking back, boy have I been arrogant.

I opened an online account with broker Hargreaves Lansdown shovelled some cash across and began trading, I say trading because I’m waltzing around thinking I’m some super day-trader. I was buying shares in banks and other big name brands, watching the share price increase thinking why did I only buy so many and then buying more. As a rule I would buy £5000 standard in any one company, I bought Northern Rock, Alliance & Leicester, Bradford & Bingley among others. I was hearing faltering news on the banks and economy but of course I’m thinking these companies aren’t going anywhere, in fact when Northern Rock started to fall I bought more! I don’t know the exact figure but I had ploughed something around £75,000 into UK stocks within a few months.

The economic events that followed are well documented. Over the following 6 months or so I saw almost all of my shares fall and in many cases wipe out completely. In my first attempt at the stock market, I lost £40,000.