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H-hi,
It certainly seems to be opposite to what CNA is doing, even though (as you say) they are in the index, that is the benefit of spreading growth potential across a wide range of companies, I have to say it has piqued my interest in ETF's. I have been keeping an eye on the order book and whilst it is difficult to keep up with it, it looks like its being manipulated at the behest of the unsuspecting private investor . Thanks very much for championing this as an alternative.
Nick,
Yes it is exempt from SDRT and it is provided by blackrock’s iShares and domiciled in Ireland which has special relationship with the U.K even with brexit drama. The pro’s don’t trade single stocks but sectors. The fund managers and their HL gangmasters are killing retail traders in single stock shares. U.K retail Investors need to stop using CFDs, spreadbets and stop trading single stocks for things to normalise.
Nick please give me a feedback once you’ve compared the charts on HL. The future is factor, sector and index investing..............the greedy bastards are killing single stock investments / trading. I will be writing to FCA about my research once I launch my website.
H-hi,
Do you know if this European ETF is exempt from SDRT, also how does the trade work with ETF's? I understand when you sell (and guess buy) the level isn't agreed or settled until the end of the day. Its a bit confusing really.
Marcus,
Try comparing CNA and EXH9 ( European utilities etf) Chart then you will see a big difference even though CNA is included in the sector. Retail investors need to move into index ETFs / factor or sector ETFs as it is to expensive to short all the companies. I believe retail traders are being wiped out when it comes to single share investing/ trading.
Let me know your thoughts after comparing the charts.
I have considered EFT's and you are right it would diversify the risk.
From a charges point of view because my ISA is with HL then buying shares or EFT carries the same fee.
I may try an eft next year when the new allowance comes in, it's just one of those products that I have not been too familiar with, but have been doing some reading on them today.
I bought £4K worth of these after the RNS as I believe that the market always overswings and sure enough on a FTSE 100 stock I am 8% up now...
Marcus,
Try buying ETFs instead of single shares, popular index and sector ETFs make more sense. European utility ETFs has return over 30% gain in the last two years while Cna which a constituent has lost over 60% excluding the fake divis.
Shares are a long term business, having said that I have bought some stinkers recently that I don't expect to recover the capital on (this being one of them).
Last year I had some really good returns on PFC which put my head above water for the first time ever in my share trading history. (I also invest in funds which are duller but at the moment are proving to be far better than my own stock picking).
This year I'm way down 20% from my highs and 10% below my original capital investment. I can't day trade for toffee, but I still think overall on a 5-10 year timescale even with dogs like CNA and SAGA in my portfolio, I'd hope to make more than the 2% APR tops I could get in a cash ISA.
And with a fair wind, cash out at the right level. Once I hit 50 I'll move everything into funds as I eventually want to spend the money and not risk it all the way to retirement.
Yes courtier I agree with your views and goals, I too am a sharebuilder started off when the glory days of the share handouts and got hooked. Not easy when you play the game from outside though having to move on hunches and charts. Currently Iam in the red but not to worried as I've reinvested all my divis. All part of my divi65 scheme..good luck..
Courtier, your views reflect my own and whilst growth by way of increased share price may be disappointing and in some cases result in loss there is with the stocks you refer to there is always dividend income to consider. Whilst dividends are never certain look for companies with progressive dividend policies and the ability to generate cash. There will always be losers and some winners. Centrica will always be subject to the whims of the energy market but the Home Service elements, Hive, boiler repairs etc. Generate good income and in time the stock should recover.
I have been a very small private investor since 1990, starting with very small and fairly unknown companies like Workspace and Unite, and some more adventurous investments like Inmarsat, Saffron Energy, Smith D.S. and Cineworld. I started with a cash sum from The halifax. As the amount I might lose has increased I have become more cautious and the companies have become bigger and more boring. I aim to have £20,000 invested in six companies by the end of this year. My reason for posting is the pessimism being reflected in the posts of others. I am currently almost 18% down on CNA and a similar amount down in RMG, but I choose my companies carefully and not always for the usual reasons. I research them myself in spite of all the free advice from financial papers, or the Motley Fools. RMG was purchased because I like seeing red vans and post offices all over London. CNA joined my portfolio when we moved to London and became customers in early 2018. My point is that I really enjoy trying to grow my investments under my own steam. It has become an important side of my life, and it would be a great shame if others were discouraged by some of the negative posts on this board.