So busy lately.... regarding your post to cliffb1234... you know my thoughts and you have stated so...
No doubt another drop will come along....and the range bound 50p RBS seems to revolve within may well have risen from a low of 320 to a new low of around 335...as the bank has profit motivation...now....
That is just my opinion... and my system still works in line with any change in the range RBS moves.. I just go in tandem with any change in the range... that is my theory anyway...
Gutted really that I missed the last 335p entry ... but that is life ... had 5 good bites at the cherry this year and over 20% up so far this year... the last one was over 10% on that massive one day rise on 25th last month...
I now wait for the next drop.. hopefully nearer 340p
Dividends are good if you are in a share for the long term. I have found that for the majority as soon as the ex dividend date passes the SP drops and takes some time to recover to the point when you can sell without a loss. Also, there is a spread of shares that means (for me) having three standards. 1. is the share that pays a good dividend but the SP doesn't change much from year to year and can be sold reasonably soon after, eg: ALY, SGRO, PSON. 2. is the share that the SP drops and struggles to recover ahead of the next dividend, eg: MLC,LRE, LGEN. 3. is the share that will pay a decent dividend and the SP will keep rising, eg: NXT, BATS, BKG. Then. of course, there are the shares that pay a decent dividend and don't do what you expect them to do! For me the trick (still to be proven!) is to identify the share that consistently pays a good dividend but the SP has dropped well below its recent average, eg: DLAR, and buy at that point even if it is six months ahead of ex div date. Is this similar to the way you see it?
I agree, it doesn't seem likely to me that there will be "a heavy low" but that's not what mailman preaches. His strategy is to wait for a 'reasonable' low that will let him back in to achieve a 2-3% gain in a few weeks or more and repeat four or five times in the year. His watchword is 'patience', he reckons it works for him. GL PS: mailman, where are you? This is your territory, we are all learning from you.
Reasons: recent rises on very small volume, plenty of hurdles still ahead, etc.
IMO, both liable to come good later when all issues settled. L/T holders should be fine. Meantime, banking in general facing significant headwinds.
Few examples: falling investment revenues, litigation aplenty, possible housing bubble bursting later to hit retail side, unknown regulation from next govt (not for sure yet who'll govern us). Even 2016's promised EU referendum if Tories win may cause jitters - latter highly popular with UK citizens, but not so the City who fear an exodus of investment if there's a no vote. Financial sector particularly vulnerable.
Overall, still lots of uncertainty, so further dips for both banks won't surprise
Thanks for the reply. It was Mailman that got me thinking. RBS had a bad press and was volutile, enabling in and out.Often created by the big boys, Things seem to have settled down,I think, and just maybe a heavy low is not likely , maybe a consistant rise is possible. Comments please
Its your money to play with and as long as its not your pension fund I would invest in high yield dividend shares. Which ones is for you to choose if you go down that path but my advice would be to keep well away from AIM the old *penny share* market. FTSE 100 and FTSE 250 have what you need. My take on dividends is simple twice a year its cash on the hip not a pocket full of empty promises. Try these sites as a nose gay
Suggest you go into 'mailman's' posts from last December into January wherein he describes his strategy of waiting for a low, buying in, then waiting for a few percent gain, and selling, then repeat. He reckons on an annual gain greater than sitting for the long term. A few of us have sat for some years waiting for the magic moment, but it hasn't arrived, as yet. The next year ahead of the general election plus all the improvements within the Bank suggest that the day is not too far away, but who can predict it? mailman has probably got the edge, if you follow his system you will be in touch whatever happens. GL
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