So, one month on, or a quarter of a way through the tax year, and its the usual time for an update. For the view on the overall performance across the investments, please see here.
So, the key bullet points for this month:
- New funds added. £1,100 was added to the account
- No withdrawals were made 🙂
- No dividends were received 😦
- Left over cash. £40.14 was left over from the last month
Overall performance: The starting value of 1st June was £6,394.06, with £1,100 in new funds added, and £0 withdrawals, meaning total starting value is taken as £7,494.06. We finished the month on £7,267.67, so the total performance across the whole portfolio this month was -3.02%.
So, time to buy some more ETFs, including the extra funds from the previous month. The £1,134 (the leftovers) bought 18 shares at an execution price of £60.89 per share. As I include all charges based on total book cost to give an average price, with the £1.50 cost of investment, this gives an average price of £60.035. As this is still in the early stages, naturally the value of the ETF is less than the contributions so far, this is going to be interesting to see the impact over time! It is really too early to try and take any meaningful view on this! Hopefully after a couple of dividend payments I will be able to get the stock values over the size of the contributions, otherwise it will be a little depressing!
Cash vs. Investment Trust
So, the experiment to see what happens when I put an equal amount into a cash ISA and an Investment trust. So, how are things looking after 2 months? Well firstly it appears when I did my May check on the cash ISA it appears that the interest had already gone in and hence it shows the same value as last month, oh well not that 4p really makes that much difference!
|S&S ISA IT||£5,094.71|
Or, in pretty graph pictures:
I could be drawing pyramids right there 🙂
So really not a lot of interest right now, but then it is only the second month that this has been purchasing shares, so who knows what the future will hold!
Now, I did think about adding in another graph to show total contributions in the whole ISA and the total value – would that be of interest? Let me know…