Pete Linforth's blog

Archive for July, 2009

A short recap from my fisrt blog on share dealing…

Cadbury – currently showing a 7.5% profit. I’m hanging on for more profit (around 12%) as I think during times of need people turn to comforting things and chocolate is just one of those comforts.

and onto today…

So I’ve just sold these shares now as I hit my 12% profit marker after all buying, selling and stamp duty costs, so another good investment. So that has put me in a position where I have cash waiting for the next investment. Looking at my items on watch I’m not quite ready to make the move on one of them. They still show great promise but I think I can squeeze some more out of them if I buy a litter later.

Keep watching this space for more deals.

This is my latest piece of work ‘Ovaloid pitted sphere’. Like all my work I’m 100% digital meaning that I use my computer to create the art rather than any traditional methods. I do use photographs in some of my work but these are always digitised so they can be manipulated.

This particular piece started life as a simple sphere. A grid of squares was constructed over the surface of the sphere and for each of those grids a decision was made an how many objects should be present. For each object I pulled out some of the sphere to make a pimple. I then pushed back in the centre of the raised pimple to get the effect you see in the art work.

The final task was to colour the image.

The work was then transferred to a print bureau for printing to canvas A0 size.

The end result is a digital creation preseted in a traditional canvas format.

If you click on the image it should open up full size for you so you can grab a copy for yourself if you want it on your desktop or something.

Ovaloid pitted sphere

Check out my new Music page where I talk about my band Curryhead. There are some tracks for you to listen to as well so turn up your speakers, stand well back and enjoy!

So we’re well and truly in this crazy credit crunch. There’s no point in saving your money with a view to it making you any more the interest rates are just too damn low. So where do I go to make some money? Well I thought this whole crisis is down to our friends the bankers making poor judgements on investments of one sort or another and losing their shirt in the process along with all of our shirts too!

So if you cant beat them join them, so that’s what I’ve started to do. I’ve become a part time share dealer working from home with a view that if the bankers cant make the money for me then I have no option but to do it myself. First things first though I need some training don’t I? No forget that why on earth do I want to spend money on some course that promises me how to become a good share dealer when logic tells me I should be using that money to invest in shares.

Basically my strategy is to select a stock and hold on tight until it turns a profit at which point I sell. I’m after making a return as quick as the market will allow. I will not sell a stock to make a loss as I firmly believe my choices are good for the short/medium term. Short term I’m talking anything from a few days to three months. Medium term is three months up to 12 months. So as long as I make a return greater than the poor rate of return I can get by sticking my cash in some savings account I’ve beaten the banker, beaten the system.

So with no training I set myself up a dealer account with Lloyds Banking Group. Very easy to do and the workings of deals are handled for you. All I do is put my cash into my account, pick some shares and make a purchase. And from that point onwards I am officially a share dealer. So what now?

Well I suppose I ought to be thinking about watching the price so when it goes up enough to cover my dealing costs and still make me a reasonable return I can sell them and take a profit. The Lloyds Banking Group share dealing account gives you all sorts of options to get notified when shares move in one direction or another so I set a few notifications up and let it run.

What I’ve said so far has all been historical so you need to know where I’m at now and I suppose this blog will be the way I do that. So lets bring you up to date.

This is the list of shares that I have purchased and then sold at some later date. I show the price I paid and the price I sold at. so anyway here are the results so far…

So as you can see a pretty good result so far.

So what am I holding at the moment you might be asking? Well here you are warts and all….

Vodaphone – currently showing a 10 % loss. My prediction here is that I’m not going to see a return for at least another 3 months at which point I’m predicting a 10% profit. Watch this space for movements on this stock. They will recover.

Cadbury – currently showing a 7.5% profit. I’m hanging on for more profit (around 12%) as I think during times of need people turn to comforting things and chocolate is just one of those comforts.

Tesco – currently showing a 6% profit. They seem to be ruling the supermarket world and will soon be taking on the banks so I’ll have a nice profit thanks. So I’m waiting for around 15% on this before I sell.

Greene King – currently showing a 4% loss. I’ve made a personal commitment to this outfit buy purchasing more beer. Sometimes you have to go that extra mile to get the stock moving in the right direction. This will rise and rise well I’m sure. I’m going against the grain here but I like their beer so I’m sticking with this stock.

Northern Foods – currently showing a 1% profit. This is my latest trade so I’m not expecting the move just yet. I’m thinking of selling when I’ve made 10% profit.