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Craigb - L&G International Index Acc, Vanguard Global All Cap Acc, L&G Global Tech Acc and 3 ETFs, LGGG, RSGL and IUQF.
Which global tracker do you own?
' ty for that,you had me worried in case I had been doing it wrong all these years.
I don't know for sure, but I think Robleo meant point 5 %, which would be the stamp duty?
Bigbadbaz
Apologies typing error, thanks for pointing out,UK Stamp Duty: 0.5% on UK shares
''2.20 after exdiv, personally i think it will, don't forget those brokers buying and selling charges though and 5% tax if buying back ????Could you please explain this tax.ty
Gary59, It depends on whether you think this might drop down to around 2.20 after exdiv, personally i think it will, don't forget those brokers buying and selling charges though and 5% tax if buying back, if this goes up to 2.55 i will be very tempted to sell half off
It's always a bit of a gamble though
best of luck
Cardinal3 - simple really. The total return from my dividend paying investments produces an inferior total return compared to a simple global equity tracker fund over the long term.
The average annualised 10 year total return from LGEN is around 4.5%. Their global equity tracker fund has produced a total annualised return of 11.5% over the same period.
I'm far better off selling units as and when I require income than taking a dividend at the expense of capital.
Zac
Interesting strategy to reduce div payers given interest rates are likely to fall and therefore make these more attractive, all other things being equal. Mind explaining your logic?
Sold approximately a third of my holding earlier today.
Looking to reduce my exposure to dividend paying holdings to around 15% of my total portfolio value.
Still some work to do but a big improvement on the 30% value it was a couple of years ago.
''similar could happen here as its so blatent how they get hammered down.'' Nick you're beginning to sound desperate .
Yea, back into mng and phoenix with nice average on both, Got out of Phoenix a couple of days before Ex and kept some in, but in hind site I should have sold em all as they went into the 470s although I re-purchased and excceeded the Div they were oversold for sure, similar could happen here as its so blatent how they get hammered down
Up £200.98 now so in with a chance of getting to £515.12.
I'll stop posting the updates now as I sense I'll rightfully get some stick here if I continue.
Doing similar thing with 5k of them. Need price to be 256p to make it worthwhile. If the price level is similar to what happened with MnG the best hope would appear from now up to the end of the day before the day before ex div day.
One of the poorest pre divs considering this is the larger portion of the dividend and ftse at an all time high, cashed all out this year, will sit on the fence and re enter when the fireworks start going out
Farr i assume you mean ex divi day eve ? i expect ex divi eve to be good but ex divi day to drop with peeps skimming small profits over night or at 4.25pm ex divi eve ,thats why it dropped last week so they could get on board,smoke and mirrors
Now as I type I am only up £102.39 on my little "experiment buy" & it has until 4.30 pm on Wed to get above £515.12 so the odds are on me holding & collecting the dividend.
Ill probably sell a 3rd of my holding, insurances PHNX, MNG have dropped more than the Divi so I will hopefully be able to get a good gain on amount of shares when rebuying.
Maybe a buying opportunity on ex dividend eve, if there big sells the price should drop then.
This will rise to xd eve ,gary so get ready to sell , it will open xd day down ,as lloyds did , i have broke even 1p = 1k on lloyds , i will get 2k divi on my holding,but have dropped that much xd eve to ex day, now about the same ,all smoke and mirrors just enough to keep me invested ,not enough for me to run,as norm only profit on paper ,
I did this several times and last time i did it with NWG the stock so i missed out on the div payment.
As I get bored easily I thought I’d try a little experiment in the run up to XD day. I’ve brought 3521 shares last week & will get a dividend payment of £515.12 for my troubles. If & I realise it’s a big if my shares realise a profit over that before XD day I will sell & see what the drop in the SP is on the day. Currently at a profit of £139.87, watch this space.
A drop in the ocean clued, and a vastly overinflated figure.
This needs to happen ASAP. There are no good arguments for ground rents. There is absolutely no service or benifit to the recipient of this charge! This racket was always going to come to an end at some point. They did well out of it whilst it lasted, and of course those who benefit the most from ground rents will come out kicking and screaming not wanting the gravy train to end. That is to be expected. However society eventually catches up, and thats what happens if you invest in assets and practices that are extremely unethical.
When will fund managers learn that unethical practices and practices that are percieved as very dubious by the vast majority of public make very poor investments.
God knows what LGEN's exposure to this will be, but i expect it to be very low. Any reaction in SP will be temporary.
Will Gove's 'reform' of Ground Rent law affect LGEN as the press says Pension and Insurance companies bracing for a £30b hit, or will it just affect the investments being managed by LGEN on behalf of pensioners and investors ?
...of the toenail!
A few things are happening now which might see the market generally perk up soon. ,
The BoE may helpfully start lowering interest rates, making decent divi-paying shares more attractive than banks in the medium term. Ukraine is getting weapons to fight Putin. And there is talk that Wishy Washy Rishi may decide to cut and run by bribing us then calling a quick general election. Not forgetting that LGEN's new boss has yet to give us the benefit of his initial musings (expected June). So plenty of reason to hold these until the SP begins with a 3 again.