November was a month that could have been extremely volatile but in fact turned out to be a really good month. We started with the US Presidential Election, which lasted a lot longer than predicted. There was less a blue wave and more of a blue trickle as up to a week later states were still counting votes. However, stock markets reacted surprisingly positively during the election and more so when in became clear that Joe Biden would be the next president of the United States.
This last month saw hope, in the form of three vaccines for covid-19. Pfizer was the first to announce causing markets to rally, quickly followed by both Moderna and AstraZeneca in subsequent weeks. This had lead to sustained gains and resurgence in value stocks while some ‘pandemic’ stocks took a hit. Nearly all of my stocks are value stocks which I have continued to invest in throughout the pandemic.
In the UK November saw a second national lockdown, if you can call it that, which has caused covid-19 infection rates to come down. That being said, policies to control the virus are disproportionately affecting certain parts of the economy, especially hospitality. As someone who works in hospitality I am increasingly becoming frustrated by this. It is not that we need to get cases down, we do, but when you go into a supermarket with aisles pact to the point you can’t move a trolley down them you start to wonder if going to the pub is actually that risky. Venues around the country spent millions to put in effective control measures to then be told to close, either they need to be allowed to reopen safely or the government need to fully cover the cost of keeping them closed.
Finally, I have started to cost average back into crypto focusing on Bitcoin, Ethereum, CRO and XRP. While I fully expect it to be a very bumpy ride, we are at the beginning stages of a bull run. Bitcoin set a new all time high but not yet breached $20k. In the short term I would expect a dump back down to $14-15k before a pump to $20k+.
The Total Portfolio
My total portfolio breaks down as follows:
- Cash: £2,369.34 (0)
- Pension: £4,658.29 (+287.30)
- Peer to Peer Lending: £782.69 (+1.20)
- Stocks: £3,423.41 (+660.42)
- Cryptocurrency: £412.27 (+297.57)
- Silver: £94.32 (-10.33)
So my total net worth is £11,740.32 (+1,236.16)
For a breakdown of my stocks portfolio: here
- Dividends: £12.58
- Peer to Peer Lending £1.20
- Cryptocurrency £0.48
All dividends and peer to peer lending interest is reinvested to produce more income. Income from crypto is currently just accumulating in order to hopefully get some capital gains.