| Group description: |
This group nominally covers the whole of Scotland – although we are also open to members from wider afield. The focus of the group will be on ‘Technical Trading’ rather than Investing. Importantly, we understand that many people do both longer term investing and shorter term ‘technical trading’. Of that mix of styles this group will focus on ‘technical trading’ – so you might expect us to have conversations such as:
Swing Trading, Stop Losses and Position Sizing, Chart Patterns – Cup and Handle, Breakouts, Springs, Flags etc, Support & Resistance, Indicators, Price Targets, Positive Expectancy, Trade Management, Trading Systems, Trade Ideas and Evaluation, Trade Planning, Leading and Lagging Sectors, Leading and Lagging Participants within Sectors, Trade Journals, and the ‘Tools of the Trade’.
The majority of the group have both longer term investments and carry out shorter term trades, too. They would term themselves both ‘investors’ with a longer term outlook and ‘traders’ with a shorter term outlook. The group members have broad experience in the markets – including across all asset classes and vehicles (shares – companies, trusts, ETFs, funds; spread-bets, CFDs, Options, Crypto). However, most of the group are predominantly interested in equities within the context of a portfolio.
Although some members are highly experienced traders that is not true of all and experience level should not be seen as an impediment to joining. So, if you don’t know who Richard Wyckoff was, or why Fibonacci is even more relevant today than in the 11th Century – don’t worry! Every day is a ‘school day’ for us all – Mr Market makes sure of that! |
Your asset allocation has International at 21.6%.
I cannot tell how much of the rest of the portfolio is really international since many UK companies have the majority of their operations elsewhere. e.g. BP plc or HSBC plc. Subject to that caveat, I would say that you are far too overweight the UK, which is only a small part of the global equity market.
Many investors prefer to invest in their home country. Such “home country bias” is always a mistake in my view, even for investors who are American and therefore live in a country which is over 50% of the global stockmarket.
You are right, Amin that many of the other companies (especially in the Natural Resources class) are actually international. When I last estimated my exposure, about 50% of my investments’ revenues were in US$.
The “International class” is intended as a specific focus on non-UK businesses.
Hi Mark, Congratulations on a very comprehensive review, and thank you for all your hard work. A quick comment on one or our mutual holdings – Cranswick. Like you I am pleased with their recent update, and believe there is still plenty of upside for them. I just wonder how imminent is the threat from the rise in cultured meats (see Agronomics.) I’m guessing it will be decades rather than years, but would be interested in your views. (PS just beat you – I was up 4.3%.) Thanks again, Chris
Hi Chris
The issue of cultured meats was something I wondered about too, so I asked Cranswick’s directors about it at the last AGM I attended.
As you would expect, it is very much on their radar and they are keeping a close eye on developments. Their opinion is that it will take a lot of work and investment before cultured meat moves from being a lab concept to becoming a large scale, commercial proposition. It’s one thing creating it in lab but quite another to scale production up and produce a product at a cost that is economically viable.
Best
Mark
Thanks Mark, that’s my feeling too; but it’s amazing how quickly things can happen, especially if some Governments get behind the idea.