On time this month at least!

• ISA +1.4%
• SIPP +2.7%

A retraction from the gains earlier in month, but still recovers a lot from August to get back on target – I need to calculate XIRR return – but will leave that for later.

Trades in month included:

• Closing position in SSE as blogged about – and holding in Cash for Brexit possibilities in this month
• Cash is now as of today at 12.3% of portfolio. I have been tempted by #MTRO but have held strong on this – as I suspect there will be better opportunity on existing (UK) holdings from the inevitable retraction if we leave on no-deal late October. This is honestly what I don’t get about the media reporting on fat-cats on Brexit making money – yes if you have a USD portfolio and GBP drops you make money on USD – but I think they are underestimating that people like myself are planning to invest in UK stock post-brexit if we do end up with No-Deal. I’m hedged with EU and US stock positions so if we get a deal, we should have across board rises.

New positions to start:

• From this month I’m planning to start building a position in #NG.L on a monthly basis with 15% of net new investment funds going to this – ie National Grid – purely as a Value play – it’s subject to massive posturing if Labour get in at any point, however it’s ultimately a bet on that not happening given the current position from the Conservatives. I could be wrong – but I think this value play will repay well over the following years.