TheinvestmentJourney was created in March 2019 by a (anonymous) self-employed consultant – in order to make monthly progress reports on their overall investment portfolio. This is to enable more personal reflection on stock picks over the coming years so that bad decisions and immature thinking can be eliminated and an overall financial independence position can be achieved as soon as possible. The authors personal money is at stake in all positions, however in order to comply with “boring” regulations on financial blogging, it is considered likely this blog will usually report on changes in ownership a minimum of 2 days after a trade has taken place (or before), however usually this will be 5 or more days.
To answer a few obvious questions – where do I trade? SIPP and ISA accounts within interactive investor. I can recommend them, but I understand they would not be the cheapest provider until you have over £40,000 in assets invested, if you have a smaller amount of assets nowadays I would probably start with a rival provider until I hit ~ 30,000 then arrange a transfer. I should pass this point of “interactive investor” being the cheapest provider reasonably early in 2019.
It is the authors hypothesis that market beating performance can be achieved by minimising costs and picking genuinely undervalued opportunities in all segments of the market. The author has a 20 year time frame for these investments to succeed.
It must be stressed this is not the main job of the author, and this blog was created for “fun”. As such if you are foolish enough to follow me on this journey and make similar trades, I cannot guarantee your success – in other words, do your own research, and investments are at your own risk. I am not a financial adviser, and I highly recommend you should get one before you trade on the stock market, as it is considered likely in the earlier years that my investment options would have a higher risk profile than many others due to the concentrated portfolio.