Virgin Portfolio Finale Report (Account Closure)
‘Where are you?’, wife screaming from the kitchen at 2030hrs.‘Give me 15 more minutes, I need to finalised one last execution’, responding loudly behind the door.‘What the F**k?!, You have been in there for 20 minutes!’, wife getting annoyed.‘Chinese and American trade wars not going well’, me pleading reply for more time.’Seriously, what the heck are you doing in that TOILET??!’, wife kicking the toilet door down!
April 2016 - Birth of Virgin Portfolio
Back in 2016, I took out a 36 months interest free credit card cash loan to fund my stocks and shares experiment. There was a small fee of £357 for the cash transfer. Providing I would repay all the Loan amount before 36 months ended, I do not need to pay for any more fees. If miss the payment on the 37th month then I would be elegible for 37% APR interest.
Honestly 36 months is a nice period for short term investment. Anything less than 36 months would be a high risk gamble. Currently as of writing this article, the loan period are only 26 months maximum.
I call this the Virgin portfolio, simple because it was Richard Brandson’s company called Virgin.
Virgin Portfolio
Finale Results
As it stands of today, after the full sale of my remaining stocks, which gives me a profit of £4986.26.
With the £15,000 investment over the period of 36 months on stocks and shares between Apr 2016 to Apr 2019, I have managed to captured a nice profit of £4986.26 which is equivalent to 33.2% profit. As mentioned previously, the fees only cost me £357.00 for the credit card loan.
All this work was done purely on my mobile phone via the broker App. Since this was a short term growth portfolio, there was more focus on US growth stocks rather than dividend stocks or other region stocks.
Honestly, I do feel slightly disappointed because I could have captured more profit if I sold earlier before the end of 2018. I could not forecast the future well enough and did not let go in time. Alternatively I could have been making a loss as well.
I ran out of time and could not find anymore room for growth and had to settle for the winnings I currently have and return the loan base on the agreement I have signed with Virgin Credit Cards.
Top 3 Profits
Top 3 Losses
Lessons Learned
I never regret taking on this high risk project. Profit is not the prize won today, in fact I have learned these 7 hard lessons from 3 years short term stocks trading.
- Long term interest free loans only occurs during low interest rates period. This will not occur for at least another 2 decades.
- Bull Market do not last forever. Never fear the Bull Run and Join the Bandwagon.
- Always buy a stock during a an opportunistic downturn.
- 3 years is a very short period for proper investing.
- Always take profit when company stock reaches record breaking high.
- Growth stocks are very high risk as it can go double or half its value in less than 6 months.
- Never wait to save for investment. Always start early!
Next Action
Next step is to pay up the loan before the real interest kicks in. I shall take the profit and invest in my Life Time Isa for my retirement tax free portfolio. With a £4000, investment before 5th April 2019, the UK government will award me an additional £1,000 free money. This is providing I do not withdraw before I turn 55.
