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shatter / Jatw - Have held both for a while. My top2 performing funds over the last 12 months. I've just started to build a position in L&G Global Infrastructure Index. Buy and hold is my strategy . . .
Jatw. .. snap, have held those two funds for a few years now. They have recovered well after the recent drop . Wife and daughter have bought recently so probably the kiss of death...
I like to have themed trackers rather than whole of market....it gives the chance for picking sectors that are winning rather than getting winners and loses.
Recently the LG Global Healthcare and Pharmaceuticals and the LG Global Technology funds have been favourites of mine. ...other focused funds and ETFs exist.
I watched so called fund managers fail repeatedly a few years ago when I was a trustee of a large pension fund and finally concluded that to stay relatively safe with reasonable growth prospects, it was probably best to use trackers. We did exactly that for over twenty years and saved a small fortune in fund management fees. These days for my modest personal fund I tend to select single shares which regularly yield better than the banks or building societies are prepared to give such as this one. Yes it's down at the moment but in every crash I have seen over the last 50 years, eventually there was a recovery. Most people do not die so a recovery will happen again.
Hi, I think the fund managers will be guessing like everybody else. I often rely on gut feeling and
I’m swayed to slightly positive and a swift return to growth in the U.K. Maybe we need to start hearing more about the vaccine. If the Jenner foundation can’t sort it , well I don’t want to think about that.
On the global side I’m not sure whether Trump might lose the election , that would be seriously bad news for the markets and we would probably get dragged into the tail winds of that debacle so I’m not considering diversification at present.
Good luck with your investments.
Finley1 - I don't think we'll get a true picture of the damage this has done to some businesses until we get an annual report at the end of this calendar or financial year that includes data from mid-March onwards. There's going to be winners and losers and I'm not intelligent enough to pick them. I guess retail will be hard hit, maybe IT providers and logistics businesses will benefit and suppliers of day to day items will be ok. People will still brush their teeth, feed the cat and clean the bathroom!! The ftse is still down about 16% from it's average level and the DOW is about 9% down. Unemployment figures are rising so that must come through into market sentiment at some point.
For me the question is should I remain invested and my answer is yes. Where? No idea so I'm moving away from single shares and into global diversified well run investment funds. Hopefully the managers can answer the questions I can't
It’s to early to judge but I’m concerned with the business environment going forward. A point being that companies are opening back up for business but are not supplying the full service. Take the house builders as a scenario, they are only working on houses that are under contract. They therefore are not putting in foundations on plots not sold, this has a knock on effect for the material suppliers, ie concrete, bricks. Expand this scenario though out other businesses and it’s probably a sign that the confidence factor has taken a hit.
The $69,000 question is will we see a rapid return to growth and people spending, or are we in for a downturn lasting a few years ? I’m really only guessing myself here, having seen a nos of recessions , I’m not sure which way we are heading. My only comfort is money is cheap and has to work so I’m in the positive camp slightly, but only just ! Also we have a live for today culture where people want everything !
Anyone, have any views ?
Apologies for the WRONG THREAD below. Coming back to LGEN this has to be a great long term hold sub 200p. Naturally the next financials and forward looking statements should underpin this unless there are some horrors lurking in the shadows.
With Brazil unable to keep up iron ore shipments to the Far East and elsewhere the price of iron ore has jumped above $100 per ton which is why RIO is moving higher. Looking forward to seeing the impact on the next set of results.
I've simply looked at the performance over a 12 month period back from today. £3.30 is fine if you sold at that price! If you didn't then it's worth £2.03. Agree that we should see a recovery in the sp by year end and into 2021 and hopefully a maintained dividend . Fingers crossed!! Good luck with your investments.
A £10,000 investment . . .
Hi Twonko, well spotted! My mistake. It should have read - An investment in L&G shares 5 years ago would today be worth £7,687 and you would have received dividend payments of £2,876. A total return of £563 (5.6%). I continue to hold. My first purchase was in Oct15 and I have an average cost per share of £2.39. So currently sitting on a capital loss of around 13%. However, current dividend yield for me is 7.35% so happy with that providing it holds and hopefully continues to grow. Good luck with your investments.
Dodgy maths there zac, £563 plus £2876 doesn’t equal £563. I take your point though and hold 2 L&G trusts in my portfolio, among others. Before covid, LGEN was definitely worth holding and I continue to hold a substantial number, mainly for the div. I hope it continues. we will see.
Hi,
You have clearly done your homework on the trackers, and good luck to you. I suppose I’ve been
a bit lazy. Tracker funds appears to be very popular nowadays along with ETF’s and all the other
Investment vehicles. I like the idea of being a shareholder here on the basis of , if I need the cash its instant if required via selling.
Interesting to here that about Barnier, as you say a complete idiot. Trump knows the score with the Chinese, I think we ‘ I mean the establishment has finally worked them out ‘ let’s hope Boris grows a bigger pair and sends them an invoice for all this carnage. Here’s to Nigel and sticking to the decision to pay the divi. Too many so called analysts nowadays sticking their noses in, and guessing, causing short term chaos for the share price but as we know created a short term buying opportunity. I think we should all raise a glass in the sunshine when the divi lands in the account and stick 2 fingers , tanned ones, up to the doubters !
Hi falklandinvestor. The L&G share price on 28.05.2015 was £2.68. That's 29% higher than it is today!
Interesting that you mention Barnier......arrogant fool in my book. Apparently the French Intelligence advised against the French/Chinese collaboration on setting up labs in Wuhan Province , specifically for the purposes of looking at virus situations. Despite these warnings Barnier was at the forefront of going ahead and it seems that the Chinese were none too keen on French personnel inspecting. If the rest of Europe wake up to this potential scandal I think reparations running into trillions of Euros should be coming from France once case proven.
Hi, as an example the L&G Global Health and Pharma fund has holding in over 175 separate companies globally so, for me, provides plenty of diversification. I simply take out 6% of the value on an annual basis as income. A £10,000 investment 5 years ago would today be worth £12,387 and you would have withdrawn £3,457. So a total return of £5,845 (58%). An investment in L&G shares 5 years ago would today be worth £10,563 and you would have received dividend payments of £2,876. A total return of £563 (5.6%). Sometimes I think people (me included!) can become too focussed on dividend yields rather than total return.
Interesting to hear about the lgen tracker funds. I don’t see the point in holding shares here
and also the Lgen tracker funds, maybe I’m missing something ! That would appear to me
that yournot spreading your risk enough.
I wish you well, but It’s not diverse enough for myself.
This needs to break the 220 area where it’s had a go a few times in order to progress.
Here’s to all long term shareholders, and no EU extension ! Jog on Barnier.
Hi, long-term holder looking forward to next week's dividend payment! This is slightly off-topic so if it's of no interest simply ignore. There was a post recently that mentioned tracker funds. I'm a fan provided it's not a ftse tracker!! I currently hold 4 tracker type funds all L&G. The way I see it is I'm buying a product from a company I own shares in. The funds are: L&G Global Technology, L&G Global Health and Pharma, L&G International Index and L&G Global Infrastructure. Good performance, low costs and low minimum investment level. Might be of interest if anyone is looking to provide diversification within their portfolio.
Not 250 but over 300 is what I would expect from a share of this quality which is about to pay a decent divi in defiance of the old women who run PRA.
Is the previous 1.82 support level well and truely gone with this??? Boy do these stocks stand still then fly!! The thing with LGEN is that it IS the market?? Means that it tracks the FTSE 100/250/350 closely so any % falls are mirrored in the stock?? i think 5000 shares in this is a good bet on the FTSE's recovering??? Dont invest in the vanguards and the ETFs la di dhahh they just take your fees and give you a measily 3% return at the end of the year??? Is that right falklandinvestor??
Support level at 182
there is very good support at 182- 184p for now.
bounced off of this levels three times this week.
I have had that happen to me once or twice 1076 put a limit price in and thought i have got these only to go into my accs and see that they haven't been bought.
Bugger!!! zzzzzzz missed the 1.82 boat again!!! Saw it at 1.84 but thought it was going down then it went back up..and boy did it!! auto limits dont seem to work in fast market, it must have been been at 1.82 for a few seconds only..