Motley Fool...I find their repetitive 'articles' completely pointless and of no use from an a investment point of view. We have one of their Fools regularly writing that Barclays is one of the best shares in the FTSE 100 (Peter Stephens) and another Fool (Rupert Hargreaves) writing also the complete opposite that Barclays share price is going to fall significantly and it's essentially a total disaster of a share....unsurprisingly the former personally holds shares in the company and the other one doesn't. How you would then ever dream of then subscribing to MF given they don't have any 'house view' but seem to regurgitate much of the same (opposite) material on a too regular basis. I am a significant investor in Barclays too and therefore hope Mr Stephens is the more accurate of the two of course!
If 70% of my portfolio was in one share I don't think I would sleep very well at night...far too risky.....you know eggs and baskets and all that.. I have at least 40% of my porfolio in Govt/Corporate bonds,ISA's, National savings Certificates etc. The rest is in 10 equities, spread over several different sectors. Motley Fool advocates that you should not have more than 2% of your portfolio in any one share...bit drastic but I get their drift.. Some years ago I thought Barclays should be worth around £4-50 a share.....I am still waiting and it could be many tears before it gets anywhere near those lofty heights, if ever in my lifetime. We have also had a Rights Issue which hasn't helped matters.
12 months ago I thought my first buy at 283p was a good bet as the UK in recovery takes hold over the 12 to 24 months and Barclays share price should be its NAV at least a 320p plus share with a good head wind of recovery in the air
But I never took into consideration of the legacy issues and euroland not recovering as fast as I hoped …
so correct 70% of my portfolio is Barclays shares ( baby Acorns ) with an average of around 252p … once I see my new personal targets meet and we rise again I may top slice as I reconsider my portfolio going forward
Today I feel I am been proactive I don’t have the confidence to trade 20 % below the average so happy to top up on the way … I never lose money here but I agree will need bundles of time and patience and 2014 will be a good year for buying in IMHO
And that there will be no more wars, no countries will default, and the markets will continue upwards for ever. I think Barcs are a punt worth having in your portfolio (I've got 'em myself!) for the long term. But, why anyone would keep loading up beyond a small percentage of their overall portfolio is beyond me.
Ok will do. Can we also pretend that Quantitative easing will never end, that the FTSE is currently not near its highs,that interest rates will wont ever rise and Barclays will remain scandal free for the rest of the year?
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