Sunday, 30 September 2012

Portfolio: not much changed

Not much has changed  since a couple of weeks ago - September 18 2012 (Have I made money yet?) - and although my account is up a little, I still haven't properly worked out if I'm up on when I first invested as selling out and buying back in again added some costs!

Odd moves price moves for ETF Securities' PHAU and PHGP gold

It's  been a while since I looked at my tiny portfolio of physical gold ETF shares (PHAU) and BlackRock Gold and  General units.
When I do I usually see the kind of thing described here -  what I've started calling a price anomaly when it probably isn't. Generally, because I've left it so long,  I've forgotten what it was I found out the last time.
Anyway, I'm doing it again but as it's near midnight on Sunday I'm sticking to the basics. 

Tuesday, 18 September 2012

Have I made money yet?

My Hargreaves Lansdown account only has two holdings: ETF Securities physical gold ETF (PHAU) and BlackRock Gold and General fund.

As far as I can remember this is the first time since I started investing in gold and gold related shares that I have seen it in positive territory:

The BlackRock fund is still down a but I have held it longer than the physical gold ETFS and so it would be misleading to see it as a less successful investment.

Basically I sold all of my PHAU shares back in December 2011 (at a £250 loss) and couldn't make up my mind whether to buy in January and didn't own any again until March when I paid £1066 for 10 shares and  then again on April 4 2012 - 10 shares for £1009 and then another 10 shares for £978 on May 9 2012.  All together  my ETF holding is now up £146 so I haven't regained the original loss.

What I might try and work out is whether I would have lost less if I had simply held on and bought more.