I had set some stop loss sells and some of these had triggered. Later on in the week, I bought a few back at a cheaper price.
Here is a list of some of the GIA the trades, with the reason and the current price - this is mainly for my notes, but you may find it interesting - not all decisions were 'good' (green background if price went up after selling)!
22/06/2026 - Sell WDC @ $745.5 automated stop loss top slice - £889 profit - current price $586
22/06/2026 - Sell GOOG @ $350 auto stop loss - £2323 profit - current price $338
22/06/2026 - Buy Lundin Gold @ C$82 - buy on weakness - diversify into gold
23/06/2026 - Sell SMT @ 1381p - loss of £15 - was hoping to sell for profit after SpaceX IPO - current price 1411p - it seems I sold too early!
23/06/2026 - Sell STX @ $984 - stop sell - £1082 profit - current price $902
23/06/2026 - Sell SNDK @ $2004 - stop sell - £1010 profit - current price $2109 - again sold too early!
With the cash from the stock sales, I then bought IKOR, IEDL, IWVG, MU, Hynix, AMAT, AVGO @$389 and EXU1 (MSCI ex-USA ETF).
In my ISA, I sold CSKR for £1380 profit, AVGO for £283 profit, GOOG for £168 profit, WDC for £613 profit,
I also made a new share purchase of Tokyo Electron.
I have approx. £6k in cash at the end of this week.
My thoughts on the current economic climate
This is my current thinking. It will be interesting to refer back to this blog in a few months time and see if I was right!
- The UK is getting a new PM. I suspect CGT will increase (it certainly won't decrease). Crystalising profit in my GIA will mean having to pay CGT but it will probably be at a lower rate than in the next 2027/2028 tax year. So taking profits in my GIA is not a bad idea.
- The US dollar is strong right now, but I don't think this will last. I am trying to diversify into other countries by buying more Korea, ex-USA index and EU index funds. Gold is down at the moment, I see this as a buying opportunity.
- AI is over-valued. AI models are improving and large companies will want their own servers to stay in control of costs. Agentic AI for specific niche uses will be profitable - all else is just slop. The upcoming AI company IPOs are being done to raise capital from the retail market (us!) because the big financial investors know that it is not a profitable venture (all promises - no profit). I think the picks-and-shovels companies for AI will do well but their value is inflated (there is a limit on how much they can produce and how much they can charge), but the 'cost of compute' needs to come down. Rising component costs will slow down the adoption of AI and cause companies to look very carefully at it's value. The blister will pop - I just don't know when. Spending large amounts of $capital right now on AI hardware at super-inflated prices, just before the next batch of improved AI chips are released doesn't seem sensible to me. If index ETFs include these new AI IPOs, then they are probably not going to perform well after Q4 2026.
- Iran/Hormuz is still very unsettled. Oil reserves in other countries are running dangerously low. They cannot run out by the Winter incl. other essential commodities (fertilizer, sulfur, helium, aluminium, methanol, glycol, etc.). There is a strong possibility of a joint invasion of Iran by allied countries.
- Commodities will be a safer investment. I am looking at metals.
I am looking at diversifying my portfolio. I hold various global index funds, AI picks-and-shovel companies, copper/gold/silver miners, Asia-Pacific index fund, Korea index funds, Euro banks ETF, health, defense, biosciences, uranium, etc.
Gold and silver holdings are down but are acting as a hedge.
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