Friday, 10 August 2012
3 Weeks On Holiday - Piling on the Pounds
On returning home, it's a case of 'good news and bad news' - both involving an increase in Pounds.
The good news is that the DIY Income Investor high-yield portfolio has done just fine without my daily (and sometimes more frequent) checking - in fact the increase in value (in Pounds, as I am a UK investor) has more than offset the expense of the family holiday.
Although three weeks is a very short time in investment terms, it does give an opportunity to pick out some trends - although these will clearly be short term. In my own portfolio there have been some interesting developments (in particular Inmarsat): more about this in subsequent posts.
The bad news is half a stone (7 pounds) of weight gain, thanks to the excellent food on Holland-America Line. These are the kind of 'pounds' I don't really want to collect or hold on to, so a couple of months of dieting will be required (if you are interested, see my other blog for how this is going).
The moral is that regularly monitoring our progress - in finance, fitness and other important areas is crucial to make sure that we are heading in the right direction. However, with investments it is all to easy to become obsessed with the detailed 'ups and downs' of the market - whenever you can, take the opportunity to switch off for a while.
I am not a financial advisor and the information provided does not constitute financial advice. You should always do your own research on top of what you learn here to ensure that it's right for your specific circumstances.