Invest in this Fund!

The pandemic and resulting lockdown, combined with falling or non-existent savings interest rates has turned thousands of people into armchair investors, dipping their toes into the stock markets for the first time and potentially risking their money due to their lack of experience and knowledge.

With Winter Rock Associates, you will benefit from years of expertise, knowledge and time spent by the fund manager, researching and picking the best opportunities to produce the best performance for your money (capital at risk etc).

Investing in our fund means your money is spread across multiple assets. As some investments will perform better and some worse over time, diversifying will, fingers crossed, help spread the risk and smooth returns over time.

Our management fees are very competitive, which you will find in the small print hidden in our website but you will be benefitting from significant returns on your investment so it will be money well spent in the long term.

Investments

Here are some of the assets the Winter Rock Associates Fund has invested in:

The fund is showing an overall return of 10.9% (since March 2020) so would be a great addition to those saving for the future.

Note that the fund is only open exclusively to new investors for a short period of time so don’t delay – contact me now for more details! Don’t miss out on profits!

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I’m joking of course, so please don’t contact me! ūüôā

It seems anyone can create a fund these days – thanks to Average Money Man for pointing me to Hedge Fund Name Generator and I had some fun designing the logo at Free Logo Design.

What is real, however, are the assets/companies I mention above – I do have these actual investments in a portfolio.

I didn’t use any expertise, knowledge or time to select those companies I’m invested in – my criteria was that they were a well known brand/I’d heard of them before or I used their products/services.

Using Freetrade*, I bought £10 fractional shares in each of those companies (plus others) and when they make a decent profit (eg 50%+), I sell.

Of course, I don’t recommend this ‘strategy’ to anyone – I’m just saying this is the strategy I’ve followed and I’ve had a bit of success recently (with a large dose of luck!).

This is my ‘fun portfolio‘, which allows me to do daft things like pretend I’m a hotshot trader, buying and selling with impunity, and giving in to FOMO! I even follow some ‘experts’ on YouTube for latest buys and sells!

The main thing is that I leave my core investments (my ETFs and investment trusts) ticking along (untampered with) in a sensible but boring way, as long term investments should.

Yes, it was very exciting last month when I sold my ¬£10 piece in Tesla for ¬£20! But that’s as much excitement or risk I would like or need investment-wise.

Anyway, if anyone fancies getting us both a free share worth up to ¬£200, sign up via my link – good luck and perhaps you too can enjoy creating your own Winter Rock Associates Fund! ūüėČ

 

[*referral link]

Milestone Reached!

I don’t normally check my portfolios before the end of the month but recently, I’ve been itching to because I knew I was close to a big milestone.

I logged onto my investment accounts this morning to see that my Future Fund (ie my FIRE pot) has finally surpassed £200,000! Woo hoo!

Back in June 2017, me and John Kingham of UK Value Investor blog were in a friendly ‘race’ to see who would hit ¬£200k first – I lucked out and got there the quickest.

I had predicted that it would take me 5 years; it’s actually taken me around 3.5 years to get ¬£100k.

Eleven Years

This milestone has been more than 11 years in total in the making!

The first ¬£100k took me around 8 years – 5 years for the first ¬£30k, when I had no plan and no direction, then 3 years to get ¬£70k after I’d devised my plan to aim for FIRE.

Yes, if only I’d made a plan earlier, I could have reached this milestone in a fewer number of years, but I can’t dwell on what I could have and should have done in the past.

I feel quite giddy and am very pleased with myself, that I’ve patiently stuck to my plan over the years and did not get distracted or fall off the rails.

Of course, by the time I run my September-end numbers, it’s possible that the stockmarket will have fluctuated and I may be back below ¬£200k but I think I’m allowed to celebrate this small win now, when there’s not a lot to celebrate in the world currently.

Anyway, thank you readers of this blog for helping me get there in the first place!

Onwards to the next £100k!

Investing Mistakes

It’s been quite shocking to read about how trading on the Woodford Equity Income Fund has been suspended, meaning that many people are unable to sell and withdraw their money.

Neil Woodford took this drastic action as millions of pounds began pouring out of his funds as his previously loyal investors tried to leave what appeared to be a sinking ship.

Following the Herd

Back in 2014, I talked about how I was caught up by all the wave of publicity and invested in Woodford’s new fund.

He was like a rock star in the UK investing world, one of the few to become a household name.

Not smiling so much these days

A year later, I wrote that I was still happy with my investment as I saw some decent gains.

Fortunately for me, and not due to any kind of special investing foresight or premonition, I sold my entire holding of the fund early 2018 (for a profit) as I was switching the bulk of my actively managed funds into ETFs as part of a portfolio re-balancing exercise.

I pity the folk who have remained invested and who now cannot access their funds, so yes, I dodged a bullet there.

But all is not completely rosy with my own investments as I’m in a situation where I too have some funds which I cannot get access to right now (and I’m not talking pensions).

Properly Moosed

Back in 2016, I thought I’d go into property crowdfunding. It was something new, investments linked to something tangible, it looked like a good model, though I acknowledged then that there were risks.

So, I invested in Property Moose and all seemed great. I was receiving small regular ‘rental’ amounts for the properties I’d invested in, all looked tickety-boo.

In Feb 2018, the secondary market was suspended. Something was up.

In a nutshell, Property Moose‚Äôs business model wasn’t working. The model whereby investors purchased shares in each property and were paid monthly dividends was¬† unsustainable and ultimately discontinued.

The directors decided that the best possible long-term solution was to move all properties into a single PLC portfolio. This solution was voted on by investors and received a 99.48% majority.

All properties have been revalued and sold off to UK Diversified Property plc.

All investors who opted to stay invested will receive allocations of shares within the new company. The share price will be valued against the valuations, costs, and revenues generated by the portfolio of properties.

This company intends to be listed on the London Stock Exchange and will probably be like a REIT (real estate investment trust).

And this is where I’m at now, I can see that I haven’t lost my money (so far), I just can’t cash out and neither am I receiving any of the rental income from the properties.

I knew this was going to be a risk, which is why the money I’d invested came purely from my matched betting profits.

Yes, I was effectively gambling with proceeds from gambling in a way, but it’s still annoying that I can’t just walk away from this investment with my cash.

It’s not a huge amount, just under ¬£2k, which if I lose won’t be massively detrimental to my wealth/portfolio.

Am just massively annoyed at myself if anything.

What’s happened to Property Moose might probably be an exception, other similar types of investment companies have been successful but I won’t be investing in anything like this again.

Live and learn.

December 2017 Savings, plus Round Up

Well, I hope you all had a fabulous Christmas, full of sumptuous food, loads of drink and festive cheer! I travelled south to celebrate the holidays and spent some excellent quality time with some family and friends, increasing my waistline further in the process!

Interesting sights in London (Peckham)…

Not even missing my flight home on Boxing Day (the M25 was closed for several hours following an accident, so I couldn’t get to the airport in time) really spoiled things for me – I booked myself into a hotel, spent the evening reading and took the first flight home the following day.¬† Of course I wasn’t particularly happy that I had to unexpectedly fork out an extra ¬£150 but I’m just glad that my flight wasn’t grounded by snowy weather.

So, how did I do in the last month of the year?

I saved 37.8% – surprisingly higher than expected but some expenses will appear on next month’s credit card.

My average for the year ended up at¬†42.4%. Although I didn’t achieve my goal (again) to hit that elusive 50%, I’m pretty happy with this average.

Anyway, December savings include¬†¬£62.81¬†affiliate income from OddsMonkey¬†(thank you to all those who joined via my link – much appreciated and hope you’re enjoying matched betting!).

Shares and Investment Trusts

I just topped up existing investments this month.

Current share/IT portfolio can be found here.

(Entire portfolio here)

Future Fund 

I believe Santa put in a Rally, pushing the FTSE 100 to yet another all time high –¬† my Future Fund ends the year at ¬£133,063, an increase of 46% from the start of 2017!¬† This increase is almost entirely due to extra capital invested (mostly from my redundancy payment) and not from any ‘investing skills’. I will add however that my investments have benefited from dividends re-invested and uplift from the downtrodden sterling.¬† I continue to creep towards my next big milestone, for now!

Dividends and Other Income

Dividends received this month: Continue reading