Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Not sure that is right TM. I think they check when you start to draw down and at age 75. Nice problem to have and remember you’ll get nothing from a bank for a while. Spend spend spend?
Bilbo, Seanangler and Toneman, well summarised - between the three of you an ideal strategy.
You'll rarely sell exactly at the peak and buy exactly at the trough, but a little trading along the way can gradually free up some cash or make your investment essentially free.
I've sometimes done this well eg with NEL
Cheers Toneman. I asked my FA about the LTA and he advised that you only get hit in the pocket when you withdraw over the LTA , not each year as I believe someone else stated. He may be wrong but I’d be a bit surprised. Sorry I forgot until now to pass this on.
Sorry, that was kind of directed to Seaangler as it was a post with you a couple of weeks back.
I haven't mentioned this yet, but following the brief post a couple of weeks ago about pensions, I checked and with a great many thanks to ITM (mainly) and CWR in my SIPP I felt I was a little too close to my LTA. Consequently I've rejigged my entire portfolio to try to fit it all into my (and Mrs) ISAs. Unfortunately they don't hold as much so I've had to massively scale back my holdings. Still a long time holder and believer in ITM, CWR, NEL, PLUG etc, but now ITM holdings are about a quarter what they were in December. So probably not a relevant discussion for many here, but it's another reason for selling...feeling compelled to.
Toneman , I’m in that fortunate position where I still have quite a few ITM shares but have also sold over twice as many over the last 18 months(mainly ISA holding). Having an original cost at about 35p and traded quite a lot my nett ITM gain if you like must be in the £100,000’s. I guess ITM has made me relatively well off. Consequently the ins and outs are quite big but they don’t scare me. At the end of the day if you nail a 5p swing on 10000 shares you are £500 better off. That’s obvious but rinse and repeat or get a 25p swing and Bob’s your uncle , Fanny’s your aunt. You can’t always get it right and god knows I’ve had my losses down the years.....
I think your ins and outs Seaangler are bigger than mine. To make it feel worthwhile for my top-slicing amounts a 20-30% drop seems necessary, otherwise it'd only be a few hundred pounds here and there. And 20-30% drops, for me, are really hard to time. We've had plenty, but not necessarily from 'my' top.
Thanks, Seaangler and Toneman, for taking the trouble to reply. Interesting. Cheers\
Basically what Toneman just said......
At the risk of repeating myself , repeating myself , I have a long term holding. Because ITM can be pretty volatile I am always looking for that volatility , over a day or a few days , whatever. I try to be in a position to buy on a drop or sell on a rise , if I think that move is likely to reverse. For example this week I have made a dozen or so buys and a similar number of sells. I tend to buy or sell minimum 2.5k shares up to say 10k. I have just calculated , following your question , that as compared with doing nothing I am up £10,700. Bearing in mind that today I am down considerably , like most investors in to green , that gain is my silver lining. In short it is possible to not risk too much but come out fairly well up provided you are happy to keep an eye on things. That’s me anyway , sorry if it is boring anyone or seems simplistic..... that’s me too. GLA
Interesting Siddo. I figure most investors are optimists...otherwise how could you ever convince yourself to buy a stock.
If you invest for dividends the only real times to sell part of a holding is either because you need the cash to invest in something else or you've fallen out of love/faith in the company.
Growth stocks are certainly tricky. Similar to Bilbs, if I find a winner I tend to top-slice...often a bit too early, but sometimes you get lucky with the timing and can buy them back cheaper. I try to sell enough that would make a measurable difference if I bought back again on a 20%+ pullback, but also to leave enough on the table in case it carries on going up. I try to tell myself that's win-win. You can always invest the bit you've taken out into something else. If you get lucky there too that's win-win-win.
Building societies pay despicable interest rates lend your money for more and pay themselves fancy salaries! When they start paying 5% again I will be there!
We have all held shares that zoom up and then crash down, so on big winners I tend to top-slice just to release capital and the original cost. Normally just used for real rockets, like ITM
If a share goes up but more slowly than ITM I'll double up.
Always interested to read about selling part of holding. Do you then want the price to go up (meaning that you regret the sale) or down (meaning that you are pleased about your sale but wish you had sold more - or, indeed, all). I think the "mental' side of investment is very interesting. I'm a pessimist so would probably sleep better with a building society passbook (if they still exist)!!
Will probably sleep badly tonight in view of results tomorrow!