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I'm not asking advice from any Tom, Dick or Harry.. just opinions from people that perhaps are already invested into Shell or BP.. There's a difference between advice and opinions you know?
I certainly am pleased I've held fire in jumping in when the SP was circa £19.
I really appreciate other investors views and opinions on investing in the Oil sector or any other.
Appreciate the voice of reason amongst all this vitriol Taverham - thanks!
Why are people so nasty on this forum?
If you are referring to my last 2 posts,well my reply about LLOY was meant to be a ''caveat emptore'' ie nothing is really safe so to buys yer ticket and ye takes yer chances. Nothing nasty there. The other post about the feller and his £100k.He has been posting it for weeks now and asked advice from every Tom Dick and Harry.As I said is he just in for a wee blether?.You don't ask advice for £100k.
Iseo, I am invested in shell but wish I had chosen BP because the outlook for gas is not as great as that for oil. I think both can scrape through maintaining the divi but it will be touch and go in 2 years if the virus takes hold. If I were splitting 100k just now i would definately look at housebuilders because the outlook following the budget will be even better than now. Ditto big contractors. Good luck and whatever you do diversify.
Why are people so nasty on this forum?, could it be because the Shell SP has dropped almost 12 quid in less than 2years?
'Would that be the same LLOYDS that I lost 95% of my money on 10 years ago?'
Thats the one. I bought at 380 for my pension as it was a safe bet ...
I'm still holding fire investing 100k into either BP or Shell?...
Some have suggested splitting and putting 50k into each..but cannot see the point of this as they shadow each others performances?..
You have been posting this ad nauseam on Shell/Bp boards for 4 weeks.Do you have £100k or are you in for a wee blether.
.it is without doubt LLOYDS, which you can now pick up at the absolute bargain SP of 50.12p
Would that be the same LLOYDS that I lost 95% of my money on 10 years ago?
Oilhearty
I've already got over 60k invested in Lloyds.. don't really want to plough anymore into them at this stage!
To be honest investing in the Stock Market is so fraught with danger it does make you wonder if it's the right thing to do?
If a progressive & sustainable quarterly dividend is more appealing than capital growth, then your answer is neither of these big oilies,...it is without doubt LLOYDS, which you can now pick up at the absolute bargain SP of 50.12p
I didn't say it was my entire portfolio now did I, simply my thoughts on how I may invest a 100k lump of cash.....but point taken on the physical gold!
I'm looking at a similar scenario, but planning for my 100k to be much more diversified. I'm currently thinking to split it equally between RDSB, BP, RIO, WWP and either LLOY or AV - 4 different sectors. Either way this drop seems a heaven sent opportunity to lock in average dividends across the bunch at around 8% rather than 6% - I'll take that thank you very much!
Would be keen to hear folks thoughts/opinions on the above.....
Split it! One of the two has a major environmental disaster, you'll wish you had the other one!
" No one can predict what's going to happen "
Precisely. That's why it makes sense to buy in tranches. Putting 50K or 100K into a single stock in one go might well cause a few sleepless nights if you don't catch the bottom. And if you do (I have, occasionally) it might at best be partly good judgement but it'll also be down to a healthy does of good luck. Just don't convince yourself you're the best thing since sliced bread because if you do it's as good as guaranteed that your next trade will be a howler.
It's been one hell of a week. Have a good weekend one and all. Next week might well be just as entertaining.
I'm still holding fire investing 100k into either BP or Shell?...
Some have suggested splitting and putting 50k into each..but cannot see the point of this as they shadow each others performances?..
I'm happy to invest for the long term and the quarterly dividend is what really appeals, both Companies have excellent yields which are very similar, circa 8.5% at the moment.
There's so much scaremongering around at the moment with talk of the Dividend being cut or cancelled in the future!..
No one can predict what's going to happen, despite a few posters on here thinking they know better!