I'm not happy but still up 45%!

PUBLISHED: 10 Dec 2012 @ 13:15 | Comments (0) | More info about Clem Chambers

I’ve not been a happy bunny with the market in 2012.

But since I started writing this blog I’m now some 45% up, all of which has come since June. This is a silly result. I would have been happy with 25%. 45% is too much. I can’t fault my portfolio and have been adding to it.

This month so far I have halved my Findel position, which sat at around 100% so the rest is in effect in for free. This is a stupid idea but comforting. Findel could go much higher, but then perhaps not. I wasn’t exactly impressed by the latest statement which carried a tone of a kind of down beat sanctimony I’ve bugann to associate with failure. Sorry to appear sarcastic but how can you “drive forward a turnaround plan?” Does it require a handbrake turn?

I also sold my PVCrystalox for an 80% profit only to see it jump 8%. However that is to be expected and accepted; you can get the bottom or the top but you can bank a profit.

Additionally, I topped up on Aga, Aquarius Platinum, Bank of Ireland and French connection.

I’m probably getting over confident due to my current darling Trinity Mirror. But there seems to be a pattern of recovery in stocks like TNI, and PACE before it, and I’m happy to back that. It could be that we are in a rally, and as we must always remember, a rally makes everyone a genius including me.

A correction will do doubt make me an idiot soon enough. On balance though we will come out of it nicely ahead and that is the trick to getting rich slow.

Meanwhile my stupid punting fund is at all-time highs and I’m beginning to wonder whether to draw down on it for the first time in 12 years. It’s not meant to be an asset after all, just a live firing range for high risk trading behaviour.

Meanwhile I’ve started a premium blog which I will be posting to regularly. I will continue to post on this blog but only teasing updates to lure you into my premium den!

If you read back on this blog and consider how you’d have done if you’d followed my investing, you might want to ask yourself whether the subscription cost is anything but peanuts.

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