November 2016 turned out to be a bad month for the DIY Income Investor portfolio with a fall in value of around 3%. December is more full of cheer, bringing the running total return for 2016 to around 28%, which is very satisfying.
Despite my best efforts to resist profit-taking I did make a large sale - and immediately regretted it as the price continued to rise.
The large recent gyrations in value of the DIY Income Investor portfolio have probably been due mainly to currency fluctuations as a result of Brexit. Rather that try to guess the direction that Sterling would go, I just stayed fully invested and was consequently bounced around. In Q3 the portfolio rose in value by 11% but has only managed 1% in Q4.
My sale was HSBC Holdings (LSE:HSBA) - as you can see from the price chart, it has shot up in price recently. On the basis that I didn't understand what was going on, and that I knew there was a large amount of money 'on the table', I grabbed an overall 26% profit on holdings from 2014 and 2016. As the price now looks like it is heading back down, I have also just sold my remaining small holding in HSBA dating from 2013 - but this time at a slight loss.
At least that tidies up the portfolio a little.
[Sale prices: £6.44 and £6.58]
I am not a financial adviser 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.