The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
For clarity I have not completely left, I put £70k in total at an average of 120 ish so currently down 33% ish, I would need a 50% rise to get me to break even currently, But right or wrong works or doesn’t the Russians HAVE changed the game today and the race is most defiantly on.
I find it odd how people who sell out feel the need to tell everyone why and then continue to look for any hint imaginary or not that they did the right thing.
If you sold at a loss you must of agonised over the decision before you did it and made up your mind that it was the right thing for you to do.
why then do you need to try and get that opinion validated here?
very odd
A pretend Russian vaccine is not a game changer its a political stunt.
and a transparent one at that
What grim???
We were having a conversation, that’s what you do here...
Of course I agonised over it, I have been on the rollercoaster ride hoping for approvals just like you and everyone else.
Share chat it’s a conversation, discussion, “chat” not validation “knob”
Grim - it’s a game changer and of course it’s political of course it’s political...
Whoever finds the vaccine finds the holy grail.
The Chinese last week claimed they found the vaccine and were giving it to the their entire army and armed forces first - why?
I still fail to see the point in your posts here
and to be fair i didn't call you a "knob"
i was just confused by why you and some others who sell out feel the need to post your ******* here.
No roller coaster for me mate i been here since 2016 the pain went away along time ago. In fact i ten or eleven bagged since January so things looking up.
looking forward to the next few weeks and seeing where we get to.
Antony if the vaccine and its a huge IF the vaccine works half the world wont take it because it was made in Russia and it will still be a year and a half away before WHO approve its use.
But far more likely is that Putin needs something positive to promote Mother Russia's response at home and the vaccine which as as others have said has had a trial of 30 people is not quiet what it seams.
I could understand selling (some of your holding as you stated) to use the money else where you see other short term opportunities but if you sold out because Putin says he has a Vaccine well...umm...that would be a bit daft if you ask me (which you weren't).
Mate i wish you the best with your new investments and hope you make some good choices
Hi ST,
Surely the US and FTSE main markets are overdue for a correction at these levels, but not sure how far they will fall back, and when? Possibly after the November Presidential elections on November 3rd ?
However, the Best Covid stocks still have away to run, big time.
Once the Approvals start coming through, GDR will fly, for sure, IMO.
FYI i wouldnt go near a Vaccine......not even one approved by the UK. Any vaccine that comes out in the next 6 months has been rushed through. I'll leave other people to inject that into their body thanks very much. Just on a side note I have a gut feeling we might get an RNS at somepoint tomorrrow or thursday :)
You should consider balancing your covid play with gold.
A vaccine may hit covid stocks if it arrives but it isn’t going to sort out the over leveraged economy, record jobs losses, trade deficits a housing market in decline or currency depreciation. Like you rightly say it’s gonna get grim.
The most accessible way to leverage gold by a PI is to buy junior gold mining stocks. I have bought a few to spread the risk.
ATB
Trek
@Trek
Which ones?
Hi PP,
This must really, really be our last Top Up, in at 84.37p ! Which has brought my wife's ISA average down from 170 too 141.
bigAl - average sounds like it’s in strike difference once news lands, good luck all round.
PP
Agreed PP,
There is so much Great News to come through once the Approvals roll in, that our SP will head North sufficiently to reward All GDR investors, no matter what their average is, IMO.
Apologies for OT,
Hi Safy,
I have held a few for a while now. These are all financed about to produce or expand production this year.
GRL, my fav and on a dip atm, permit due soon. Top BoD amazing gold postcode
PUR, Top BoD, SP down due to Forrest fire atm. Great grades. Buy and forget for divi in 2 years.
SGZ, Scottish gold to be sold at massive premium.
SHG, about to expand, takeover twist, a good hedge.
SOLG, this one is 18 months to production if it last that long. Tier 1 assets. Blue chip investors.
KAT, This one is v high risk and the only one waiting finance. It’s a trade. 2 year to prod microcap.
TSG, I like but only on watch list, a good gold hedge.
GGP, I held before lockdown which got me looking for others.
AAZ, I sold awhile ago for decent profits and bought others.
I looked at thirty miners, various mcap. Simple excel names down left. Wish list across top, financed, BoD, grades, geo, etc and scored them. GRL came out tops for mid risk high reward. PUR tops for low risk high reward. KAT high risk high reward.
There are many others and everyone would get a different answer depending on risk perception.
I did the same for Biotech’s a while back.
Plan is to trade the others and depending on progress flip into PUR which is about as safe as it gets and now there’s a Forrest fire there lol! So you never know!
Biggest holding by for for me is GRL atm and i’m down slightly but still a buyer. They have 51% held by institutional/hnw investors. There’s more there than published I reckon.
Anyways it’s similar for GDR just gold in form of tests!
DYOR
Atb
Trek