David Fuller's view

One of my biggest personal investments is in China where I also had a small leveraged trading long which had been rolled forward nearly three months ago.  I decided to take this profit last Friday, and while I mentioned this in Friday’s Audio, I forgot to write down the details in this section.  Here they are: My rollover purchase of the JPMorgan Chinese Investment Trust plc on 17^th June 2014 was at 153.3776 for the September contract.  This was sold on 12^th September at 173.57.  These prices include all spread-bet dealing costs. 

As a consequence of this sale, I no longer have any leveraged stock market long positions.  However, I have not sold any of my unleveraged long-term investment positions in stock markets, although I expect a somewhat bumpy ride.  If we see some 10%+ pullbacks, I am likely to increase some of these long positions, using accumulated dividends.  Alternatively, I could diversify a little more and start to build a new long-term position.