A blur of a month.
Work continues to be really busy. I’ve now met my new boss and getting used to working with her. I have a load of holidays to use up before the end of the year and sorely in need of a break (late nights starting to take a toll), but need to balance hitting deadlines with resting my brain. A few long weekends should hopefully help.
My niece and nephew were up for half-term, stayed mostly with my sis but I had them for a weekend. I did take a day off work to take them to Arcade Club, four floors of arcade machines and games consoles. We were there for nearly 4 hours so it was well worth the money, and yes, I really enjoyed myself too, reliving my misspent youth!
Anyway, how did I get on this month?
I saved 14.1% of my net salary. The above includes £62.35 from doing Prolific surveys.
Shares and Investment Trusts
I just topped up existing investments.
Current share/IT portfolio can be found here.
(Entire portfolio here)
OOF! The biggest drop of the year for me – I’d been oblivious to ‘market noise’ as been too busy to check my accounts, so was a little shocked to see this when I ran the numbers. Still, it’s already started to pick up in November but as at the end of October, my Future Fund ended the month plummeting 4% down to £224,414.
Just have to keep calm and carry on investing.
Dividends and Other Income
A fairly average month for dividends.
Still looking ok on a couple of these but will struggle to hit all of them.
[Firstly, let me caveat this by saying this is not any sort of recommendation or suggestion for anyone to try – DYOR!]
Anyway, it’s now been a whole year since I decided to dip my toe into the murky world of options trading. It was something new to learn, a mostly fun hobby of sorts; social too, with the monthly Beginners’ Options (online) meet ups I’ve been attending.
My options trading platform (IG) clearly warns that 68% of their retail investor accounts lose money trading on their platform, although the general consensus is that it’s closer to 95% of all options traders who lose all their money. And yet, still I went ahead, willing to risk a small sum of money (£1,000) because I guess I remain a gambler at heart.
So, did I lose my money?
Well at the end of the 12 months, I had £1,484.27 in my account! Gosh, I’m positively a trading pro, haha! 🙂
Hardly – in the early days/months, although I was making profitable trades, I can’t say that I knew 100% what was going on or why I was winning!
This whole year of trading has been a massive learning curve; firstly, learning a strategy to adopt that suited me, that I was comfortable with and which I (mostly) understood. Secondly, learning how to use the app/website and make the most of its resources. And finally, it was learning about me, how I react to triggers (in this case positive or negative notifications from the trading app), my attitude to risk, my propensity to gamble, to stick to my strategy no matter what.
Documenting my trades with notes on why I’ve bought/sold helped massively and enabled me to learn and move on from my mistakes and yes, of course I’ve made some.
I do think however, that I am probably the most boring options trader ever! I only trade the US 500 Index, use one strategy and I make no more than 2-3 trades a month, occasionally none. There is nothing exciting about what I’m doing; I am certainly no day trader, staring at candlestick charts on multiple screens all day, nor would I want to be!
Despite trading successfully for a year, I somehow feel like an imposter, that this has been just beginner’s luck. Luck was of course involved, but for all the profits? Maybe, I don’t know.
Year 2 of options trading will be the telling one; will I be able to repeat my success or even better it? Or was year 1 just a fluke and I end up crashing and burning like the other 68% of IG retail investors/95% of all options traders?
Watch this space!
Anyway, hope you all had a great, blustery October and weren’t too affected by storms/floods!