Just before the close I have decided to do a short term trade shorting the FTSE 250 – to cover much of my UK exposure. 30% of portfolio.
Given we are near highs for 2016 on FTSE 250 and are up a great deal in the last week I think “good news” for the markets of BREMAIN is in the price – if we get a brexit vote I could make a lot.
Probabilities are not in my favour – I recon I will probably lose on this, but I wont loose much 1-2% on the position and if it goes my way I will make a lot – possibly 10-15%.
My portfolio is a natural hedge as it will probably rise if there is a bremain vote…