Yesterday ADVFN launched the Nifty Fifty, a new website which I am writing. While a stream on new investment ideas will appear in the next few days, starting in a few hours, it has only one article on it so far, yesterday’s editorial. And this is it. It outlines a bit of what is to come. In future content on the Nifty Fifty stays for members only but this is a brief glimpse.
Welcome to the new site. For 12 years, week in week out I served up a weekly editorial on t1ps.com – a website I founded in my bedroom. It was a personal communication with readers many of whom have now been reading my articles for almost twenty years. I talked about the troubled birth of my daughter Olivia, about football, life, the world but mainly about shares and investing. In many senses that communication was the centre of my working week. Of course t1ps is now in other hands.
And so I now write here at Nifty Fifty. The weekly editorial will be a core of this product. The deal with ADVFN is simple. I write and produce videos with complete editorial control. They own and manage the other aspects of the site. I am well looked after. But it is an explicit deal. Full editorial control is with me. Clem and Mike know that and are happy to work on those lines. So no punches will be pulled here. In fact I have almost completed a detailed sell note on ADVFN. Only kidding.
I start with a blank canvas. You will see that the site is empty. This, for now, is the only article here. That will all change and change fast.
At the heart of the offering are five portfolios (Growth, penny share, yield, gold and recovery). Over the next five months 10 stocks will appear in each portfolio. They will appear at the offer price and if sold will be sold at the bid. That is the honest way to present performance.
If any stock in the portfolio has material news I shall provided a detailed analysis of that news – not just a rehash of an RNS. I shall post broker notes where applicable. And i shall seek to record video interviews with the CEOs and FDs of the companies I cover.
As a bonus I shall try to get a few of the CEOs along every couple of months to present their case at investment evenings at my restaurant in Clerkenwell. I shall provide food and a few drinks and such events will only be open to members of the Nifty Fifty. And I shall be talking to a couple of my pals and producing the weekly Short Letter on stocks I’d avoid like the plague.
So the pages on this website will fill up quickly. I would imagine that ten portfolio slots will be filled within the next ten working days. All members will be alerted by email whenever anything appears on the site. So the canvas may be clean for now but it will fill rapidly.
It has been a tough year on the markets. I have lost a fortune for specific reasons but I look forward to writing as I used to be able to do, with freedom. One must always look to the future. I am sorry for anyone who has lost cash on the back of my investment calls over the past year. For what it is worth I apologise. It has been a bad year. But over 12 years my record is clear for all to see. C240 tips yielded an average gain of 42% with an average holding period of 36 months. The winners outnumbered losers two to one. The FTSE 100 was broadly unchanged over that period. So that is not a bad track record.
I hope to do better still here. I shall not write this site forever. I am 45 in a few months time. I aim to leave the UK for good in 2022 when my financial commitments to dependents are fully discharged and to do something else for the rest of my life. Until then you have my undivided attention. I hope that you enjoy the next ten years with me here on the Nifty Fifty.
And now to work. 10 new investment ideas for the five portfolios in the next 10 working days. I hope that you find them useful and rewarding.
PS. As ever if you have any questions for me, email me at email@example.com
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