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Jatw, yes thanks for insight. Over last few years a pattern ahs developed with Lgen, After divi day price falls, ok I get that but fall always seems to more than divi in lgen,s case. Now is there going to be a year when SP does not follow this pattern? I like others feel in maybe right to sell now and get back in with a lower than divi price. I just feel one year it will trip people up and not fall. Large investors mopping up. Any thoughts? cheers in advance.
Jatw, thanks for your reply.
Although a fund may only have one price, the fund manager will calculate two prices based on whether the daily net investment is positive (a higher price) or negative (a lower price). All customers transacting will get the same price. Hence if you can buy when most are selling and sell when most are buying you will get the best value.
The difference between the two prices can be several percentage points….hence if you see a unit price movement that seems unusually large it is caused by switching to the other type of price.
You will need to look at each fund to see if there is a pattern…..but generally for funds that are in pensions these are more predictable as contributions will come in during the first half of the month from employers and withdrawals will tend to be at the very end of a month to have cash for payment on the first….but each fund will have different patterns of customers.
Overall the buy/sell transactions are designed to balance out so should not make much difference to most people, although some will be lucky and others unlucky.
ZacO, when is the best time to buy funds when it is the next day's price you pay ?
A down day , an up day or does it not matter much ?
When I buy , the price always seems to be higher !!!
Can't decide if I should sell now at a small profit and then buy back in after ex dividend dip which seems always to be more than the dividend and get more shares as a result....
Have been diving deep into the nuts and bolts of the current situation over at RQIH ( R&Q Insurance ) and i think this could be a superb opportunity for LGEN to snap it up. It is likely that the core remaining assets will be worth north of 42p per share to RQIH holders after the pending Re-Jig and JV, so obviously a massive opportunity for LGEN to pounce on what could be some valuable assets on the very cheap . RQIH is currently valued at just 3p a share - so personally as a long time LGEN holder i think it would be a smart Aquisition for us .
Keep an eye on this situation as it could make for a sweet deal all round.
Looks like everyone is selling today, maybe the best price considering this hasn't taken off
I hold international & Tech index amongst others, I try to not duplicate holdings, so invest in UK stocks directly, and have funds for India / Japan specifically.
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.