Hello!

Graham's back from holiday, but I've volunteered to write Monday & Tuesday's reports, so he can ease himself back into things gently, with a 3-day week!


My public portfolio - BMUS

My first job of the day is to re-balance BMUS ("Beam Me Up, Scotty!") - my Stockopedia fantasy portfolio. A reader recently commented that it doesn't seem to fully reflect my current thinking on a number of shares, and that there seemed to be gaps - i.e. companies I've mentioned on Twitter as being big holdings, are not yet in BMUS. He's quite right, so I'm fixing this issue today - not that it's of earth-shattering importance, but the issue should be ironed out.

I haven't regularly reconciled BMUS to my real life portfolio. It was only ever meant to be an approximation to my real holdings, as it would be a nuisance & a waste of time to be constantly updating it, but I appreciate the point that it probably should match my real life portfolio more accurately.

I didn't particularly want to run a fantasy portfolio, but the boss here, Ed,  challenged me to prove statistically that I'm a good stock picker, back at the start of 2015. Who could resist a challenge like that!

I feel that, in any field, people who set themselves up as commentators should be open to factual scrutiny, to prove that they out-perform the market at least most of the time. If that's not the case, why would anyone listen to their views?

Performance should be measured in a way which is completely open, cannot be edited, and is published in real-time. Otherwise it's open to manipulation, and hence cannot be trusted.

Anyway, just to clarify, the trades that I shall be putting through BMUS today are simply to re-balance the holdings to reflect my real world positions, for my top 8 holdings.  There's also a tail of another 20 or so smaller positions in real life, but I need to keep BMUS manageable to update, so it's my top 8 holdings only.

It should be up-to-date by the end of today.  EDIT: I messed up the calculations, and need to adjust it on Tuesday, so please bear with me on this.




Debenhams (LON:DEB)

Share price: 10.6p (down 17% today, at 08:32)

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