Hi Guys and Gals, Goldenshares 95% in funds I know very little about funds except that they charge a fee. Would you be happy you enlighten us on your best performing funds and I will research them and put them on my watch list.
Everybody did you see this piece about Hedge Fund Manager Who Shorted Aviva Stock. Now Bets on Bonds (Bloomberg) Sohail Malik, a hedge fund manager at ECM Asset Management Ltd., made 13.5 percent shorting Aviva Plc (ADR) (NYSE:AV) stock after correctly betting the firm would cut its dividend. Now he’s looking for returns in the insurer’s bonds. Malik, 39, who runs London-based ECM’s European Special Situations fund and usually invests in bonds, was monitoring Aviva Plc (ADR) (NYSE:AV)’s balance sheet before its full-year results and couldn’t see where the cash to fund its dividend was coming from Read more at http://www.insidermonkey.com/blog/hedge-fund-news-philip-falcone-millennium-management-aviva-plc-adr-nyseav-97194/#p309mqO4sO4OSLdp.99.
I don’t totally understand it as Aviva were awash with cash after all of the crown jewels they sold off this year? However hedge funds’ shorting the stock doesn’t do a lot for the SP price. Where to now, do nothing philosophy for me, I won’t sell at a loss, if you hold long enough the divi kicks in to make up some gains.
Like Levis and others I am buying nothing for now just sit it out for a while.
I had hoped it might just cling on but it's turning into a bad day on the markets. I have only one stock showing blue at present. It would take a brave man to bet on this being the bottom for AV today, IMHO
Good morning. At the risk of repeating myself (!) if you adopt a long-term philosophy with AV and reinvest the dividends you'll be fine. As you say, and I completely agree, AV is doing everything right and streamlining itself for the future. One of the directors certainly thinks so, he put half a million quid on it at 321p and I haven't seen him bailing out in panic yet. The company is stronger and fitter than this time last year and the price drop is all about the reduced dividend as far as I can see. Talking of the dividend it might be worth mentioning that at an SP of 300p the dividend represents a very respectable return of 5.3% (assuming a total dividend of 16p for the year).
Probably would have ended up the same amount or possibly more with dividends. Being 10% down during summer resulted in a change in strategy,probably reduced the national deficit by 2k in stamp duty lol. Any way sticking with funds this year,I'm feeling less positive about the economic climate than 12 months ago yet the indexes seem way over inflated.
Why don't you run a 'virtual' rerun on your holdings at the start of last year... and what they would've been worth at the year end if left alone (i.e no trading apart from dividend reinvestment and new moneys, if any). Take into account the costs of the 200 trades. I think you'll be in for a big surprise.
btw Resolution increased their dividends. Shame on you Aviva Directors.
Last year was my first full year of investing,so the 10% loss between March to July I will put down to experience (or lack of it).I finished the year 20% up after over 200 trades,hard work it was like a second job.This year currently 95% in funds that have performed consistently well over the past five years will let you know the results at the end of the year.
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