Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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Hi Trek, greatly appreciated. At the moment I have kept half of my contour global and depending on events, may move it at some stage. Direct line a definite I think and and am now tracking its price. I have tended to buy and hold in the past but am being tempted more and more to deal more regularly when I think a share is near its high. The two investments I did make last week were into oncimmune holdings and i3 energy. June 1 st I am attending my first agm in ages for east imperial, a share I am well down on at the moment and if I am not happy with the agm will take the hit...... something I am loath to do. The US market is key for it now. Lets hope for another good week .... and a counter offer. By the way I agree with you so strongly about the need for a sovereign wealth fund. Unfortunately ALL our politicians are so short sighted though. Thank you once again. Back now to do some more research !
You pretty much can’t go wrong with the major insurers. Their tier 1 capital ratios give investors huge protection now and yes DLG is a good bet. I have traded them very successfully. Recently grabbed divi sold and bought back at 237. I will be out again at 260.
Not advice but I have a spreadsheet of high divi stocks and their xd dates/yield etc. I then use TA to buy ahead of the divi and to sell. Sometimes I sell half before and leave half other times I may collect the divi then sell when the SP recovers from the drop.
For bi-annual payers in this highly volatile market you don’t need to tie up all your cash waiting for the divi. You just need to be invested at the right times. If you look at the charts for ABDN, MNG, CSN, LGEN etc for 1 to 3 years you can clearly see that they are trading shares. To illustrate the difference look at the chart on AAF. That is an investors share to hold and hug with a steadily glidepath and increasing divi.
Insurers are more volatile than folk think and if you buy the top it’s a lower yield and you stare at red in your pf. Never be afraid to sell and buy cheaper or reduce and re buy like 50% at a time. It’s not for everyone as it is hard work but it’s an alternative to hold and hug which really is for trusts/funds and not always suitable for shares.
I made over 20% on MNG and am waiting for sub 200p to buy back in again. If it doesn’t happen there are always other opportunities. In hindsight with that one I should have held a marker from my low buy to build back up from. Always learning!
I have researched some of the closed ended funds recommended below. Some I have written off purely because the costs are so high. One was even 3.35% from memory!. There are a few that I will dig deeper later and will put them all on a spreadsheet so I can compare and scrape data easier. But that’s why I prefer shares, no management costs.
My dealing costs are only £3.99 a trade so I can move in and out pretty quickly. The recent volatility has provided loads of opportunities! The S&P just touched bear territory today, 20% drop. So you don’t want to be all in on certain stocks.
Anyways it’s been a great week this week!
For those looking for a long term growth play with immediate SP catalysts. Check out PXC. Cracking price atm, my average there is 52p. I have mentioned it before but there has been legislative news released today that will accelerate permitting in USA.
For those looking for some shoot or bust excitement where the short term upside could be like 10x check out CLON. Massive high impact drill with 33% COS but they are drilling part of a producing gas fairway (Western Australia) which has had an 88% success rate! All said it’s still super high risk so £100 or a couple of £k. Whatever your risk appetite is but I wouldn’t buy more than you can afford to write off. If you get more there will likely be an opportunity to take profits ahead of TD.
Usual caveats
Trek
Def a contender. thank you
Sam, have you thought about Direct Line? Its paying a dividend of 9% and a good chance of capital growth imo.