same - down probably around the same amount in my SIPP but long term hold so not that bothered but frustrating all the same
Trading the stockmarket (NO Referrals)
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Soldato
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As I'm a lot older now the accepted wisdom is to start pivoting much more in to bonds but the idea disgusts me.
I know I'll probably have to do it though.
The bond market is harbouring major risks. I'd be careful about following accepted wisdom.
Soldato
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12.48% 6month, 20.7% YTD, 25.4% 1 year.
According to google finance.
..
Shell $3.5billion buyback, by Jan 2024, they would have reduced share count by 15% over 2 years
You said just this last friday trackers only?
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Yeah from now on. These are new in last few months and are basically flat over 2 months now. And persimmon I've had for a while. They are down from 1170 average.
My buying is done for next 6 months as I'm saving for stuff.
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Soldato
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Ok, so what mistakes did you make that you learned from to cause you to go only into trackers. The exploration of that will be useful to all.
Soldato
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Interest rates predicted to be held again
The Bank of England will decide on whether to raise, lower or keep rates unchanged at midday.
www.bbc.co.uk
That I'm at picking stocks than trackers.
The good decisions I have made were buying in extreme events. (I bought aviva after covid and these are up 70pc ish I think and paying a huge dividend of about 10-12pc (I can't work it out exactly as I have it on 2 platforms and there's more than one buy).
The bad decisions I have made have been gambling on shares in AIM.
Multiple dodgy reporting issues. Where you can tell the market knows something before it's realeased. Not doing this any more.
Buying shares in individual companies because I have been paid and not waiting for good opportunities to get in.
Completely misreading results. I was sure EZJ was going to jump at last results. Results looked great. But the shares absolutely tanked. Still can't quite explain it.
That was the nail in the coffin.
And that the sheer amount of time to do this isn't worth it either.
I know now I'm a "holder" I prefer to hold shares. So trackers are probably even better. As you need to keep up to date with individual companies otherwise.
Overall. It's the AIM stuff that's been worst.
I don't mind persimmon, I caught a falling knife. I don't expect to catch the bottom.
I still have faith in persimmon, easyjet etc. But those AIM gambles? No.
I've been watching some of the active stock threads on Asos for example and it's borderline insanity. It's like kids in a playground.
I've also learnt that motley fool you is only good for doing the opposite of. Not. Sure how that site exists! The advice is worse than neutral overall!
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Trackers for the majority of AUM, individual shares in the fun pot. Works for me. I added to persimmon on the new lows.
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Yeah I'd be buying more. I thought rates had peaked so got in at 1170. But I was wrong. But I still think as soon as rates look like falling REITS and house builders will pop back up.
The REITS are at 8pc div so I still believe they will outperform.
They are in healthcare, old people's homes and warehousing.
Can't see selling AV. I mean all my work Pensions bar 1 is in there by chance. And they are doing a good job under Amanda blanc imo.
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Gambling on small caps is always going to be risky. If you don't have the stomach for losses or mentality to ride volatility, then don't do it.
I've got a fair chunk in EVs at the moment. Some are down, I don't sell them, occasionally buy when they are at lows. Some are up, and I have sold portions when they make big upward moves. Markets are volatile, might as well make a bit off it.
ETFs holding for long term? Don't care what happens day to day. Very rarely look at my SIPP.
For monthly buys, I sit on my money each month until there's a sustained downward move.....which we get every month. Payday time markets are usually up, so might as well maximise your buy in.
Most important rule.....is absolutely do not sell anything if you're looking at a big red number and are tempted to 'cut your losses'.
I've got a fair chunk in EVs at the moment. Some are down, I don't sell them, occasionally buy when they are at lows. Some are up, and I have sold portions when they make big upward moves. Markets are volatile, might as well make a bit off it.
ETFs holding for long term? Don't care what happens day to day. Very rarely look at my SIPP.
For monthly buys, I sit on my money each month until there's a sustained downward move.....which we get every month. Payday time markets are usually up, so might as well maximise your buy in.
Most important rule.....is absolutely do not sell anything if you're looking at a big red number and are tempted to 'cut your losses'.
The thing that gets me about aim is the dodgy stuff. Like leaked bad news or directors making bad decisions for the company but good for them. I mean I get it. But it's put me off.
I totally accept if you buy a pioneer miner that a bad test for the material (for example) producing a bad yield is going to tank the shares.
There's just too much I don't know as a PI
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Small cap stuff with low liquidity is always volatile and prone to insider trading/rumours.
SMT is a funny one. Obviously they rode the tech boom and covid well, and the brains have left.....but still, they have a good basket of companies trading at a big discount. I did sell a bit during that peak so I'm not down much overall on my holding. I guess it comes down to how much you trust Baille Gifford.....if you're confident in their management long term, the discount is pretty appealing......which means most people aren't
I may well(I probably will) dabble in individual shares again. But I want to at least stick to a 70 tracker:30 individual or something rule.
Right now I'm 50:50 cash/stocks. But it. Ends up being 90:10 as once all those regular savers end I move that into stocks.
I don't (obviously) remove from my S&S isa
Well usually the regular savers go to my isa. But I'm buying a van so all that is going into the van. But usually that 8-10k + 500 interest saved will be split into paying for holidays and S&S.
They all end before end of year. It's like bumper pay day!
Right now I'm 50:50 cash/stocks. But it. Ends up being 90:10 as once all those regular savers end I move that into stocks.
I don't (obviously) remove from my S&S isa
Well usually the regular savers go to my isa. But I'm buying a van so all that is going into the van. But usually that 8-10k + 500 interest saved will be split into paying for holidays and S&S.
They all end before end of year. It's like bumper pay day!
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Is it a good idea (I know - not financial advice - see a consultant and give them money) to sell all current 'random' funds I may have picked over the years, and just switch them to a single tracker (or similar), as of now ?
I know you can't really 'time' the market, but just want to check that wouldn't be a mistake. Not planning to be able to retire or take from my ISA for at least 5 years.
I know you can't really 'time' the market, but just want to check that wouldn't be a mistake. Not planning to be able to retire or take from my ISA for at least 5 years.
Soldato
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Well it depends what the funds are, doesn't it ... and how you view prospects ...
If you are staying invested, you aren't really timing the market, but you probably will be generating admin fees for doing all the switches. Often the fees make it not worth it.
Personally, if I thought that all the funds had reasonable prospects, I would just keep them all going. I don't like to have too many eggs in one basket as such, I like diversity of fund companies, as you never know what might happen to one of them.
Soldato
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Personally I would never invest in any AIM company, there are too many things that can go wrong.
When investing in companies, it is best to think about everything that could go wrong, and with any AIM company, that is usually too much.