BarraBod

Wooo

Quite impressive returns there. What sort of charges do you see using that fund? I never really thought about them as I'd prefer to do it myself. But sometimes it can be better letting someone do the work!

I've found another company I've added to my watch list. They tick nearly every box but their map is just over £1m. Which is a bit small. Even for me! But I may stick something in them if I sell else where.

I think it's 0.96% or so. Yeah I kind of want someone else do it for me and I just leave. When I have more free time and learn the platform I'm using a little more, I may start looking at things myself. My next step is to buy a little gold and silver, kind of want to actually buy it then 'own' it on a computer screen though.

I was on the HL website and saw Fundsmith is the 4th most popular ISA choice this year. Charges are low of they can keep up the good returns.

Gold is a bit volatile at the moment. I did see an article on it recently that I'll try and find. It would be good to own some gold, just so you can say you own some

I'll stick to mining companies for now.

I've been doing some chopping and changing. I've learnt a valuable lesson on my first buy, which was ALBA. Don't buy shares in a company after they have announced they have recently discovered oil. I'll try get more in to that later.

Alba - 15%
EOG - 4%
KRS - 40%
CTAG - 20%
SDX - 20%

There are 3 oil companies, 1 mining and 1 tech companies there. I'm trying to diversify my portfolio a little more.

Are these businesses all UK based? If so, would it not be better to buy oil company's from a number of countries to spread risk rather than a single location?

They are all listed on the London Stock Exchange but only 1 is working in the UK. SDX are currently working in Egypt and EOG are in UK, Ireland and France.

Tbh is all down to the price of oil, but SDX is a little safer as operational costs are very low in Egypt. The UK seems to be one of the worst places as there are a lot of things to get through before you can start drilling.

I mentioned earlier about buying shares in a company who recently discovered oil. This picture shows what happens most of the time:

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The first part is a spike once they announce they have discovered oil. This is where I bought in to it. Then once people realise that its a few years before the company start making money, people sell and the price drops back down, until a could of years later when they go into production. So I've sold most of my holding inALBA but I'll be keeping some there for the next few years for when they do go into production.

I've bought some shares in CloudTag (CTAG) after their last RNS, which says they are in talks with some of the biggest retail companies in the UK about selling their product, which is a better version of FitBit. Its also run by a really good board of directors, who have had very good success before!

I've also bought in to SDX because of the amount of money they have, their low operational costs, cash flow and low Mcap. They are also trying to expand their business which is always good to see.

My cousin rang me to tell me to buy some IOG oil shares, I don't know anything about them but he has been following them since they were at 3p (now at 18p) and he's made a huge profit. He said they should go up quite a lot in the next few years so that was enough for me.

I took a position on them without doing any research because I'm an idiot who loves to throw away money.

[

@BarraBod you think the Britex will have any effect on stuff in the coming days?

I've been watching IOG for a while. Should have bought at 8p. hindsight and all that.

What price did you get them at? they have a lot of money and some great assets. With news on their skipper field comes in they should rise. Only problem is oil is on the way back down. Give it a few years and they should come good. They rose over 100% in the month I started following them. so you might get lucky.

I would say Brexit is already effecting shares of companies. If we vote leave it will have a short term effect, if we stay, things should go back to the way it was as people pile their money back in to UK listed companies. some people will be seeing all this as an opertunity to make money!

I also have a new buy - ONZ

They are making a new viagra that works quicker than the old one. Enough said

Been watching some interesting videos about investing etc....

One thing which did grab me was a guy who basically did not invest in the mines etc but invested in the companies who the mines would pay......so for example a local trucking company, digger suppliers and so on.

... made me think...

Jon-PokerVIP: Been watching some interesting videos about investing etc....

One thing which did grab me was a guy who basically did not invest in the mines etc but invested in the companies who the mines would pay......so for example a local trucking company, digger suppliers and so on.

... made me think...

Yeah thats another smart technique. The book I was reading, the guy bought shares in companies who supplied stuff for oil companies, so even if the oil price drop and the oil companies revenue drops, these side companies are still making money from selling equipment to the oil companies!

Yeh I think this is the way I am going to go about my investing. Maybe you don't strike it rich but you do constantly make money

You done any kind of investments yet Jbone?

I'm wondering how much Brexit will affect the markets tomorrow [

@BarraBod, you reckon it will affect your holdings in the short-term or not?

Not really but will keep you in the loop! Currently watching some certain things super closely

I see we've voted for Brexit. Thid will definitely effect ny shares in the short term as people will be panic selling. I'm going to hold on as people will buy back in at the lower prices.

Looks like my watch list is feeling the punch today. Not 1 of my shares is in the green.

This will be a mic of market makers dropping the price and people panic selling. it's a glass market and the moment and should hopefully settle down in the next week. I can see some excellent buying opertunitys in a couple of these.

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The market is starting to settle down a bit now. The sellers have had their time and now the buys are coming in. Just had a look at the biggest risers on the LSE today and it's nearly all mining companies. Gold mining being the majority. Gold always does well during these financial times.

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Most of my shares have been fine, I picked up Barclays in the mad dash a little late at 140 but it's 150 now. I only wish I woke up at 8am to grab everything as several businesses saw a high drop and are now leveling off.

You make any buys Barra?

How is the price of gold in the UK looking after we have just left the EU?

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