18 MAY 2017 - Market report

Markets took a bit of a hit today, ftse100 down a good number of points so my portfolio is down by -£2,268.89

Not too much of a big deal, just reset the market back to where it was a few days ago, and don't forget dividends are paid in eps - earnings per share, its a fixed amount of pence per share - so if the share price falls dividend yield rises -  for example a share pays 10p then it will pay 10p regardless of the share value. Ideally you want the share price to fall as it pays out the dividend so when you reinvest the dividend payout it buys more shares at the lower price. In fact that does happen to a certain extent, a share price fals when it goes int ex-dividend state to make up for the value of the dividend being paid out - nice innit! See my comment below by Murray International.

So here are today's Losers
Murray International Trust Plc ***
MYI:LSE

£6,711.45 -1.52% +2.24% +34.28%

-£103.59

Diageo PLC
DGE:LSE

£5,427.30 -1.72% +2.03% +5.82%

-£94.8

*** Actually just paid a divi of £90 so this is almost cancels out the fall!


and today's Winners
BlackRock Index Linked Gilt Tracker Fund D Accumulating
GB00B83RVT96:GBX

£9,763.21 +1.97% -3.25% -2.25%

+£188.22

Marks and Spencer Group PLC
MKS:LSE

£3,917.82 +1.89% +8.23% -12.85%

+£72.70

Lets see what tomorrw brings, my guess is a slight rise in the market - today it was acombination of things and one of them was profit taking by those who sold of on the huge increases in the past week and half - me? I'm like Warren Buffett I just keep everything I buy, well not exactly I do sell a few times a year mainly to reinvest into my existing holdings.