Hi All, Well one hell of a week, my portfolio was up over 1% after Monday (29/7) but after close of play today (Friday 2/8) I was down about 1.5% for the week. For LLOY aficionados things were much worse than that though, opening at 56.27 on the Monday and closing the week at 51.26, that’s close to 9% down (gulp). Not that my Shell has had a great week, opening at 2556 and closing at 2408, that’s close to 6% down - but it seemed far worse than that as they were up at 2641 after Monday. Just as well I haven’t got too many of them…… FTSE 100 was down from 7549 to 7407 that’s 1.9%.
So a week of mega capital destruction then !. Of course one should be sanguine and confident that it will all bounce back, but some bounces are going to need to be much higher than others…… For LLOY holders pursuing a long term strategy, I admire your persistence but I’m afraid that i see no immediate light at the end of the tunnel the way brexit is going. Hope it comes good in the end for you !.
Well done to anyone holding back a big cash balance to take advantage of the bargains that are going to be on offer when this Trump induced panic eventually subsides.
Have a good weekend.