5 July 2007

A Turbulent Month

June 2007, never to be forgotten for its wet and stormy weather here in Birmingham. Rather a lot of stock market volatility, but because of a decision to do quite a bit of decorating - for the first time in 20 years - I've been too busy to clock up my ups and downs. But 30 June marked the half-way stage of the year and, although my June performance was lack-lustre, the half-year outcome is OK: up 10.4% whilst FTSE100 up 7.2% and FTSESmall up 4.2%.

Lately, I've been buying into mortgage bank, Northern Rock, builder, Bellway, and property agents/consultancy, DTZ as property-related stocks have fallen sharply. Also picked up fallers, Tate&Lyle and AstraZeneca. Have sold off quite a lot of oil explorers, Soco, some Dana, and some BP. Oils and mining stocks, where I'm over-represented have been doing well.