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Yes i think some of the traders have gone now. I first bought at 5.11 and kept buying as the price fell. Im not a trader or an investor, i just bought in as i had some spare cash for a few months in Feb last year!! what a mistake. but ive been trading back and my average now 2.70. ill hold until i need to cash out- i got 5 weeks left until i need 20% of my investment, which may come out of profit!! i was an ignoramous- still am, but the posts on here have been really useful . many thanks to all the wise ones on here. its a great forum.
Ps: for the full V recovery you have to look elsewhere and not on the LSE I believe.
"..... they were valued a year ago and if they give back to those levels"
I am afraid that that is not going to happen anytime soon. We have to wait and see how the net zero plan pans out in few years.
That was a sore one. I am confident that you will get your losses cancelled out by just sitting back and reinvesting the dividends. It may take longer than you are hoping but both are currently sitting at a lower price than what they were valued a year ago and if they give back to those levels, you will be in profit. I think patience is required here. Warren Buffet has the strategy of buying and holding for a while then selling at a profit so I am going to do what the guru of share dealing does. Good luck with your investment and stay positive.
Thomo good luck with your strategy. Your experiences with NMC and TC sound pretty dispiriting, especially NMC that was touted by 'experts' and audited by 'professionals'. As they say you have to pay for your education. I hope the gains in oil continue to eat away at the loss. I am down about 35% on BP and 30% on RDSB but have had dividends to cushion the blow!
Thanks Baffled. I was given a second chance when I got access to my pension lump sum in August last year. I lost thousands of pounds when my shares in NMC Health were suspended at the beginning of 2020. I had a large amount of NMC Health shares in my ISA and SIPP that were suspended when the billion pound corporate fraud was identified. I vowed never to put my money in one company again. I have given myself a 5 year window to hopefully make gains on Big Oil that would cancel out my losses with NMC. I also sat down one day and went through all my trading since I started buying shares way back in 2011 and I looked at all my buys and sells and I have now identified what I need to gain in Big Oil that will wipe out all my errors in losses that I have made over the years in buying into Thomas Cook, where again I initially made a gain but lost a lot. I think now compared to when I started investing, I have now read up more on the fundamentals of both BP and RDSB and I am aware that the big changes will not be in the next 5 year period but the time I have given myself by buying and holding and re-investing the dividends in both that I should eventually get back the money I lost in NMC plus the other losses I have made previously on other shares. The other thing I am also aware of was the timing. For me this Pandemic has given me a chance to get shares at a knock down price. Both were hitting their all time lows when I bought them at a time when the oil industry was struggling.
I will continue to buy BP when I have the funds available to top up what I have and hopefully reap the rewards for my retirement by giving myself the money I thought that I had lost... my NMC shares are still suspended but I don't think I shall get anything back as the banks are due millions of pounds and the share holders are at the back of the queue.
Thomo, I wish I could claim to have 'only' made the gains you have. Could you lend me some of your 'inexperience'? It seems to be working. If you stick with both you should see healthy capital increases plus divs. Congrats on you foresight. Re mistaking chance for skill, you clearly purchased an unfashionable stock during a pandemic and economic downturn anticipating that the oil price would recover and economic patterns return. You took a risk that paid off based on a longer-term macro horizon than hedge funds, passive investors and day traders. For this you must be congratulated. You filtered out the white noise to focus on fundamentals. Furthermore, you have an exit price and a reinvestment strategy which most people don't. Keep up the good work!
Don't mistake good luck for skill or you will lose what you have gained and more very quickly.Cognitive dissonance tends to screw up good judgement.
I have patiently held BP and RDSB since August last year when I received my pension lump Sum. At the beginning of August 2020, I bought my first lot of BP shares at an average of 284.7 so they have only increased value of 4.99% since that date. I also bought RDSB for an average of 1171.45 and in thesame time, they have increased in value to an amount of 21.86%. I managed to buy more RDSB and BP in October 2020 after selling my UK bank shares and I have bought further BP shares since December.
I too have never traded due to being inexperienced and I have made mistakes in the past.
My average with BP at the moment is 224 so I have made a 33% profit uptill now with BP and my RDSB average is 996.31 and I am sitting at 43.25% profit. I have been tempted to sell the original holding of RDSB that I bought in August and reinvest in BP. I was watching the last couple of days but BP's gain was better than RDSB so I am waiting at the minute.
My initial goal is to sell BP if it reaches 448 as I would have made a 100% gain and RDSbBat 1992, again this is well within the values of both prior to the COVID breakout. I am tempted to sell a small amoutn of BP if the upward trend goes and then buy when there is a retrace. Like a lot of investors on this board, we are all hoping that by the end of 2021, the share price will be a lot higher.
"But patiently holding is what makes the big return. Why endure months of nervous watching only to bail with a little profit. The stress is almost not worth it. Hold and in the meantime shares like BP are still paying decent dividends. I'm staying put. 500 before i consider selling a part, but even then, unless there is a better alternative...."
Wise wise words. My sell button is grayed out only buys until the end of 2021.
am looking at uping my NG. i my switch these look to cheap to resist
Exactly. Coming out of winter, vaccines etc. The rise isn’t just BP’s and hopefully it will continue. If something brings a downturn, like a variant starts overtaking the vaccine, sell. I’d rather hold for 500 too, even if it takes a couple of years of receiving dividends. Will be painting my rusty BP can with fresh yellow and green paint at £3.50
i think 4 quid is a true value at the mo if this hits 310 i may bail to get back in at 290
But patiently holding is what makes the big return. Why endure months of nervous watching only to bail with a little profit. The stress is almost not worth it. Hold and in the meantime shares like BP are still paying decent dividends. I'm staying put. 500 before i consider selling a part, but even then, unless there is a better alternative, i may just hold for dividends. ATB