Thanks for keeping the thread going Harry.
One of the best threads on the forum.
Endlessly of interest.
Thanks again.

Good afternoon all, here is a summary of my transactions for May 2022



Another patient month with little happening, just some low conviction top ups here and there.

Cash % is largely unchanged from 40.7% at the beginning of the month to 40.2% at the end.

From my screening, I am still eyeing Lowe's for an entry and I like United Health UNH. There may be opportunities in Advanced Micro Devices AMD, Intuit INTU and John Deere DE as well.

Cheers

Harry

Hi mdss68, thanks for the post – an interesting synopsis of Minervini’s style

The article underlines what I am discovering to be true about traders and investors that have followed Stan Weinstein and William O’Neil etc – risk management is always at the heart of their methods.

This year has taught me a lot about risk and my appetite for it. Where I am in my thinking right now is to say that if I am buying an individual stock and end up with a weighting greater than it’s % allocation in VWRL then this is an active choice. I consider this trading and believe I should apply risk management for the amount over the VWRL allocation.

I still tune into Scott Redler’s daily 15 minute US market summary and his show has also really brought home to me the point about risk management.

So I have developed a risk management rule which is linked to the 53 week moving average. I have chosen this timeframe because I am aiming to swing trade in medium term swings of months not days. Probably a similar timeframe to Tony Peterson, i.e. low frequency.

In the end I want to get to a much more systematic rules based approach. In other words “if this happens then do this”

All of this remains an experiment and a hobby and I will continue to build my holdings in global tracker in case it all comes to nothing.

Interested to know if you have got anything from looking at what Minervini is doing?

Cheers

Harry

Good afternoon all, here is a summary of my transactions for July 2022



I'm not terribly active at the moment, preferring to sit and wait for better set ups. Opportunities being missed no doubt but I'm pretty chilled about it. Cash has gone from 41.2% to 38.8% in July but this is largely down to July being a good month than any purchasing.

Mrs Trout's HL account is still very defensive at 54.5% cash.

We have been spending a bit of time looking at our costs to suss out (a) what sort of annual return we need on our investments and (b) what our actual personal inflation rate is.

The numbers look ok so far and notably I have been describing my status as "retired" if asked what I'm doing now. I couldn't do that a year ago and so I think I am growing into it after a tricky transition phase where I was somewhat in denial !!!

Cheers

Harry

Context
55 this year. Sold my business, financially independent and am now retired. Kids of school age needing support for several years. Investing from 2006 as a hobby and with greater focus since the beginning of 2021.

Hi Kim

Not nosy at all, happy to answer any questions and thank you for yours.

It's early days in the calculations but we have June and July's expenses roughly categorised and totted up; it will be interesting to monitor going forward.

My best guess is that the return I need is a lot less than the return I target myself to achieve. So maybe around 5% worst case is what we need? Thus there is scope for being less hard on myself and start to get into the retirement mindset and enjoy life a bit more.

I also think our personal inflation is a lot less than the figures being bandied around in the media and again is probably around 5% but it's early days in the number work.

Mrs Trout and I talk a lot about how this new phase of life is working for us both and we have come to the conclusion that it would be good if our unearned income could match or exceed our expenses excluding the costs of the kids' schooling / university.

We feel we can exclude the costs of schooling / university because that money is put aside and is on cash deposit with Hargreaves Lansdown Active Savings.

I've found that adjusting to retirement and financial independence has been mixed with good and not so good times but I feel more settled, certainly at the moment anyway.

In summary, my current feeling is that on the one hand it would be nice to be hitting targets but there's more to life and you can't take it with you etc etc

Cheers

Harry