I congratulate you on your sound investing strategy, but just as a matter of interest, could you calculate if you would have been better off if you had simply bought and held. To me it looks like the price has been going Northwards relentlessly. No need for details (as no doubt, we will all become jealous), just Yes/No will do. If you have made loads of money remember this. My mistake during the Dot Com boom was not to sell, cos I hated having to pay loads of CGT. Some time ago I heard you need not pay CGT if you reinvested the shares you sold, thereby making no gain. In any event you are only you are only delaying the bill. I also thought of setting up an Investment Company as another way of avoiding taxes (not evading), but at the moment I don't have to worry about CGT. Do you have a strategy regarding CGT? About 2 years ago I sold all my Peps and Isas and got back into shares, and have made about 30%. A bit better than 3% or whatever they were producing! Good luck with your investments, and as I said when Construction Coys double in price mebbe an exit strategy is then needed.
Re : Sunset
I will be investing here, just not for a few weeks time. I am in the process of setting up my "safety" portfolio, compromising of the big players, and mainly companies that are used every day and demand is still strong, Apple, Vodafone, British american tobacco, glaxo etc etc Bdev will be heading straight into that portfolio to balance out any lows from my "risky" one. Onto the shale gas, The government are pushing it now, it was in the conservatives manifesto, Amber Rudd is the new lady in charge who has previously been a green and is in full support of shale gas. It is even getting a mention in the queens speech on the 27th. With so much weight behind it, investing in the biggest shale gas company that hold the most licenses with lots of investment and a farms out to the really big companies (INEOS which has secured funding and huge revenue when we start producing) Amongst lots of other key plus points, it is a sound investment. BTW, I live 2 minutes away from an iGas site, and the people that used to "protest" lived many, many miles away and just drove up to protest because they obviously had noting else better to do... The "locals" we have no issue with it, many forget they are actually there!
My crystal balls
tell me there MIGHT be a substantive retrace here middle of next week. But... Oooh, this cushion of dosh is so comfy! I will hate to give it up! Lol.
I have been in and out of this for nearly five years and made a fortune - and I mean a fortune. I'm just waiting for a good entry point via a good retrace... headed by 'outside influences' (Mr Newbie?) . crandy 100: as a lover of nature and beautiful countryside, I am not a fan of Shale. In the States, they are pulling back from it - too expensive an operation, for what it is. And opposition to it over here is growing, which I am all for. Nothing personal. Change your job again! Lol.
A dangerous idea is to think you have missed the boat. Only half the housing is being built compared to what is needed so if you double the houses being built you double the profit and the share price. When bdev reaches £1200 it is time to look elsewhere. The per is about 11 and peg 0.6. You cannot find numbers this good for high growth companies. This applies to all the big construction companies so I suggest dip your toe in and add more as the price rises.
Haha that's a real sh**er regarding the gold and birds! I haven't here because I am neck deep in iGas. I see the potential there when/if shake gas kicks off. I do actually now work in the gas network industry so have good "inside" knowledge regarding shale gas. So hopefully in 5 years time I can repeat my story about igas and it being a positive one!
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