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Gary59 - thanks for the reply. I appreciate it. One other investment I would highlight is Smithson Investment Trust. I invested at inception and it's pretty much doubled in value over 3 years. That's what I consider to be a good investment.
Not BP I know & apologies in advance, but as for never investing in shares again & no its not a ramp, I did buy 300 odd ULVR on Friday.
I just have a sneaking feeling that something is going on there. It is reported that some big nasty American aggressive holders are pushing for a break up of some of the business & they are almost at a point in selling their tea business for 4 billion which will be returned to share holders, buy backs or special divi's perhaps. If nothing happens the divi is nearly 4% & as the second biggest player on the FTSE they aint going anywhere. Now back to BP.
Zac0 - You asked what funds I am in. Like you I have Rathbone Global Opps & an ex-colleague now in his late 60's went to school with Peter Hargreaves, they remain friends & he persuaded me to buy Blue Whale at inception, a very good decision & one which I will hold for a while. I also have Baillie Gifford American & BG Positive Change which have been good buys so far. As for boring passive I have Vanguard Lifestrategy 60%, 80% & 100% all doing well & hardly any charges. I do also like your L&G fund & am considering downsizing my Baillie & investing there. As I am now in my 60's I want to start taking an income soon & locking in some profits. Just hope BP's SP can sort itself out then I can holiday in Mauritius with Terry Smith & not Torquay with Mrs G (no disrespect to T'Quay meant!) GLA.
Gary59 - totally agree with your comments on funds. Most of mine are boringly reliable and have produced returns well in excess of my dividend paying holdings.
My 3 largest managed funds are Fundsmith equity, LF Blue Whale Capital and Rathbone Globall opps. I only hold the accumulation version and take cash from capital as required. My investment with Fundsmith is direct with them and they offer an automated drawdown facility which I use so it's just like receiving a quarterly dividend.
I've also had excellent returns from my investment in L&G Global Technology Index, which a simply a low cost tracker.
I'd be interested in what you consider to be your best funds.
Zac0 & Thang.
Patience as you stated Thang will bring its rewards here I am sure & my sympathies but its only a paper loss until you sell so keep taking the dividends whilst we wait. Whilst I am up considerably on BP I'm in the same boat as you guys with my purchases a while ago of VOD & IMB but I'm not bothered as I treat them as a divi play whilst a recovery comes along, fingers crossed.
My own strategy now is to only invest in funds of which I have 11 held with Vanguard, AJBell & H Lansdown, they are currently up 22% as I type. I personally know 3 very wealthy investors one of which has a company with 80 odd million under his control. They all only invest in funds & wouldn't touch single shares with a bargepole, I now agree with them 100%.
@zac0_4
Sadly I'm in same boat, bought long before DeepWater-F-Up
Patiently sitting out the current loses, hoping for better times
It will
Value isn't always in proportion to SP the tech stocks show that the marjets aren't perfect but over time it will
Gary59 - "zac0 you have a point if BP is a short term investment for you"
This isn't a short term investment for me. My first purchase was back in Feb 2017. So, unfortunately I'm currently sitting on a 29% capital loss, although this is offset by a 23% return from dividends.
I make no apologies for posting facts. And the fact is that irrespective of your buy price your holding here has returned absolutely nothing for you over the last 3 months. In fact the share price was hire at one point in March than it is today.
Why have I chosen to focus on the last 3 months? Well simply because the thread refers to that time period and everything that's posted here for this period is positive and apparently BP are 'printing' cash! If that's the case then it isn't coming through in the share price! I'll continue to monitor my investments and report facts.
couldnt agree more
zac0 you have a point if BP is a short term investment for you.
If it isn't then I respectfully advise not looking at the SP daily.
Patience here will be rewarded & I'm reminded of the advice by those spectacularly successful at stock picking, not to buy a share you aren't prepared to hold it for at least 5 years.
Do not fret value will be outed
PeterH1 - I don't consider it as shortsightedness. I view it as analysing my investment. This current quarter has seen an increase in oil prices, a continuing increase in volume demand and a spike in wholesale gas prices. All positive aspects for BP's business. Yet stagnation remains.
You stated in one of your previous posts that you expect a 'legup in the share price', so come on be more specific. To what and by when?
Your short sightedness is really quite staggering zac0. You pick and choose your years/ quarters to suit a continued negative agenda here whilst the company is making a silly amount of money which will reward the shareholders in good time.
The clever people here will be judging how the company is doing and won’t be bothered about fluctuations in the share price at the moment.
Patience.
All this excitement over performance during 3rd quarter. To date in this quarter the total return for shareholders has been 0.00%!!!!!!!
Not long to find out.
I set a couple of sell orders today, but the lowest at 324p obviously wasn't met.
Lucky? We'll see.
My head is saying hold for the next set of results. Expectations positive.
327p would tempt me, but I'd like 335p.
Fingers crossed for a good week ahead.
GLA
The lowest Brent was during this period - $64.75.
My guess the avarage about $71.
And we know the price of gas is super high.
BP must be loaded with cash.
All IMHO.