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Insurance. companies will benefit. from lower rates as they have. to keep large amounts in. Gilts, which. should rise in price as rates. fall.
Very entertaining to read what people are doing out there, best of luck to us all. My many years in this game have taught me that every trader will eventually get burnt as there are so many unknowns out there, wars, threats to infrastructure from China, Russia, N Korea etc etc.
What we all do know however, is that when central bank interest rates are lowered, which is coming, the majority of the stock market will get a boost (5% or so IMO) albeit possibly short term, again no-one knows. So is it best to position oneself in the market with stocks that a reduction in interest rates will benefit the most?
If so what do posters think the relevant companies are?
Thanks all & good luck.
Hi Sean, let me firstly congratulate you, trying to beat the markets by trading is not an easy task and not for everyone, you only need one share to go badly and that's your profit wiped out, but well done for making it work in your favour
For myself my main goal is to build my pension pot in my sipp as much as i can before i retire, which is going to be very soon, and always interested in learning new ways to do it, i don't think i'm cut out for trading as i get annoyed when i sell a share only to see it keep rising, or buy one and watch it drop, so currently i'm hoping to build on my shares by reinvesting the dividends and relying on 50% of my portfolio of tracker funds to provide growth, i definitely won't ever be very rich, but as long as i can get a better return than investing in a bank i will be happy with that
mng does seem to be holding back in a growing market, i 'm not as familiar with this share as i am with aviva and lgen, so not sure if anyone here knows the reason for it but let's hope it can start growing on approach to the next exdiv
best of luck with your investments, and if it's of any interest to anyone here i have included a link which i found quite interesting,
https://www.forbes.com/advisor/investing/how-to-make-money-in-stocks/
Hi Robles. I am genuinely making a profit!
I am in the build phase at the moment so twice a month I add if the share is around 205. Once it’s through I will set a limit order to sell for 10% profit, so circa 220. I suspect it will sit low now for a couple more months before the divi hunters come in. If I don’t realise my 10% profit I will sit it out until a week before the XD and sell then. Post divi it tends to fall significantly more than the divi, when it is then a volatile share, there’s where it all starts again.
I’m up this year by £2k and hold more shares than I did in January. I’m trading with 20k shares at the moment, and if the price defies logic I will take the divi.
Would I be better off just building? Scary question but I don’t think so. Last XD I had realised profits and bought more Aviva which rose.
December 31st is when I’ll run my figures, but suffice to say if I sell anything it’s always at a profit… so far. Like I say I sat on these for years to get my 250 back, since then it’s been a reliable trader.
What I’m now worried about it the exposure to Thames Water, that could stump us all for a couple of years.
💸 🐄💚
Oldbut, I can only speak for myself, but as long as the dividend holds up, and the share price returns to 240 or more before
the next full exdiv date, i will be quite happy, dividend @ 10% is one of the best
Strikes me they want to dampen the SP so they can then make even more of a killing!
Hi Paul, pretty much the same with myself, i have mng/lgen/aviva/lloy/psn and Vodafone as my core shares and about 50% of my portfolio in international tracker funds, currently the only one in loss is Vodafone, so if i was going to try and trade one it would be the one in loss, i have made plenty of mistakes over the years and i'm sure i will keep making them, i found the harder i tried to make a profit the less i made, so i now try and keep it as simple as possible by just topping up or reinvesting dividends into the shares i already own, and just make the occasional adjustments when needed, always interested in picking up tips though as there are plenty of people on here a lot more experienced than myself, if i sell they go up and if i buy they go down, so i will leave the trading for the more experienced and lucky ones
best of luck to you
Robleo
I don't tend to trade, I have done occasionally with various stocks, sometimes it works out sometimes not. Overall I have found trading to be less profitable than holding.
I will most likely invest dividends from LGEN and MNG elsewhere, only because LGEN is currently just over 15% of my portfolio, and MNG is nearly 20%, which for my risk taste is a little heavy. I have several other stocks where I would like to increase holdings to bring those averages down in LGEN and MNG. I have a growth stock sitting at just over 16%, which at some point in the next couple of years I hope to sell and move the money into income stocks, at which point I may well be in a position to add more LGEN. When I started out many years ago I tried the trading game chasing quick money ('This time next year we'll be millionairs' Mindset). I don't have the skills and all it did was make me poorer.
Sean, are you really making more money by frequently trading rather than doing a top up when the share price drops below your average and taking the dividends, it would be nice to get an honest answer, because they say that more people lose money from trading in general
Thanks
I am a long term holder from Covid. I bought near 250, got out at a minuscule profit and since then I trade this share. Near divi day is easy picking, and at the present price I can see a good 7p profit. It’s a trading sine wave, nothing more.
£xx,ooo every 4 weeks or so, a nice plane Jane profit machine.
Those that hold no matter what are also skinning the cat, but sit for ages on cold money that is locked in.
“ RBC cuts M&G price target to 215 (220) pence - 'sector perform'”
They are pretty neutral on the stock….
“ M&G has received a mild downgrade from analysts at RBC, which see few catalysts to move the fund manager’s share price higher in the coming months.
Expects earnings to be rebased lower, a flat dividend and a commitment to cutting debt, says the Canadian bank.
Operating profit forecasts have been reduced by 8%-10% for 204/25 while RBC said it was already 9% below consensus on average across the three years to 2026.
“We set DPS growth to 0% [for this year] due to MNG's focus on de-leveraging and the year-on-year reduction in Underlying Capital Generation (UCG).”
RBC’s price target drops to 216p from 220p while sector perform is the investment rating.”
https://www.proactiveinvestors.co.uk/companies/news/1047620/m-g-gets-downgrade-on-dull-outlook-1047620.html
I added again today having picked up a few last week as well. I think this has been oversold now following the xd. I don’t rate the broker notes other than one or two poor ones can offer an opportunity to buy. if one thinks the balance sheet is in tact that is. And this is very good.
I do have minor concerns with super dry and Thames water but it’s insignificant compared to their pf or indeed any changes to rates.
Makes for an opportunity here imo.
Usual caveats
Trek
IMHO-DYOR
Rob,
I did tell you that was very unlikely, I might even have said no chance :)
You have a very good average and stand in a good position to see a nice increase your capital, as well as sitting back and collecting a nice dividend, so you have timed your buys well.
There were those that were touting £1.60 as well if I remember correctly, but world disasters aside, that was never going to happen.
Best of luck to you
2.02 is my average, if the dividend holds up with no loss of capital, then i'm sure we will all be very happy with our investment here, i did fear it might have dropped back to 180 then i would have made another top up, but seems to be recovering very well
best of luck to all fellow investors here
The dividend is looking safe.
I have 66,700 have been averaging down to 2.16 so a long way to go for me. Will hold anyway for next dividend. Interesting what they will declare.
I’m watching the SP rally this afternoon, cancelling this morning’s losses.
I have 55,000 shares in this at 1.99 so it’s looking good.
It will Rob, I am very rarely wrong ;)
My dividend has been reinvested as well, leaving me at an average of £2.05 (which I am very happy with).
We will hit £2.40 again it's just a matter of when, best of luck to you.
Dividend reinvested, would be happy if this goes back to 2.40 now, snakeeyes, I will be delighted if you are right
Best of luck
Hi Gary,
My prediction of £2.50 & beyond is based on my knowledge and research of the company and their fairly recent results, the current market condition and what I believe these will be in the future, the current economic situations, interest rates, etc., the current ongoing wars and the likelihood of their conclusion quietening down or deals being done and various other factors. However it is just that, my opinion and my prediction, as people often say it is always worth sticking by the old mantra of DYOR and predictions can always be wrong if one or more of the expected factors changes.
If you check my previous posts you will see my thoughts and most of the basis behind them, a couple of snippets below FYI, but in summary, I think this is one of the most solid and safest investments out there at the moment, are you going to double your money overnight with it - No, but you do get a fairly young but solid company, with a share price more than likely to grow by at least 20% or so and also you get a very hefty dividend to boot:
" The markets have not recovered, all time highs are the norm over time and the markets always surpass previous highs over time, that's always been the way and will continue to be so. Prior to dividend M&G was actually up close to its highest ever levels since inception (barley 5 years ago)."
" Bear in mind the short lifespan of the company as a trading entity and what it has had work through since inception - a pandemic, the financial fall out of the pandemic, spiking interest rates, war in Ukraine and war in the middle east."
"I am positive about this share, but not through loyalty or blind faith, I am positive because of the fundamentals - The results were decent, dividends maintained and all staff have been given chunky bonuses and wage rises (this doesn't happen if the company is short on cash or see's issue on the horizon). The company is in a good place and the share price will catch up with that sooner or later."
"Given they have only been in around October 2019, the share/ company has lived practically it's entire existence throughout a pandemic and subsequent fall out from that (apart from 6 months at the start), so to say it has a habit to "plunge" could also be said about almost every single other share on the market and I would say it has held far more steady than a number of others in the 100."
Is MNG involved in Thames water? There must be a reason it’s not running with the pack?
I have a small holding here as I liked the results, and am considering doubling my holding as the dividend is a nice step up from a bank or BS.
Run the old ruler over the chart since July 23 and you get a nice but gentle upward curve to at least the 220s.
Gary, I would be happy if it goes back to 240 by next april, around 10% dividend here plus we had an increase in capital to boot this year, but as with any share there is always a possibility of it going lower
Best of luck
Snake - As a prospective buyer here why do you say this is going to 250 & beyond this year? I hope that you are correct by the way & I sincerely hope that I make my mind up to buy before it does.
The highest it has been in recent history is 241 I think.