Before I start just wanted to say farewell from the blogosphere to The Portfolio Investor who's hanging up his typewriter! Unfortunate but understandable - it does take time to type up thoughts etc. Was a good blog and I will miss reading it.
Anyway back to business - here's the ytd graph until end of August -
Really does show the devastating impact of such a poor month on profits. So we go into September £1200 off the peak of 1 August of £3.7k. Some recovering towards the end of the month as you can see but nowhere near enough. I'm all for diversification but it always seems to be the way that if one tipster is performing badly then they all perform badly. Maybe I don't diversify enough!! There is definitely some overlap - with a number of duplicate tips day in day out - and mostly they don't seem to deliver but August is just one month in 12 and I move into September with high hopes!
Looking at the year as a whole there's been 4 losing months and 4 winning months and when you add subscription costs I've barely made a profit. Looking at subs in detail over the next few days but wanted to give a quick summary of whether I think I'm in net profit or not with a service - a simple yes or no will suffice for now with limited comments;
Steve Lewis Hamilton - Yes
Equine Investments - No - mainly due to my low staking
Equine Turnover - Yes
Northern Monkey - Yes
Football Elite - No
4PA - No
Systematic Betting - Yes (just - low staking and bad increased staking has caused this)
Mr Gekko - No
Market Examiner - No.
It's a slog - there's no denying it. I have an idea of what to do in terms of change but need to mull it over and see how things go in the next month or so.
2 days ago