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Sidi, all the share prices are slipping away from us, I told you to sell everything, why didn't you listen to me, I'm only joking of course
Used to have a habbit of sinking into the 180s, has been holding fast and strong even when the market was falling, my normal entry pre Div was always well under 200 but seem to be bucking the trend lately
Yes LoggyLogbot, MNG is very slow burn indeed. Holders must have a bit of patience, in order to reap the rewards.
Yes snakeeyes, I know you are one of the most faithful followers of MNG. I hope that you are right. £2.50 is better than £2.40. So, I don't mind at all, lol.
You have a great day too, my friend and good luck.
It never was Seen_it, as I keep telling you, we will be at £2.50 this year and when we reach that (and hold above), who knows from there!
Best of luck
I've been watching this one creep up too - it's being going up with others on 'good' market days, but held steady when the markets have drifted back down.
Slowly, slowly, catch the monkey. It does look like that 240 isn't impossible anymore.
Hi Trotsky, Happy new year and hope you and the family had a nice Christmas. Just read your post of the 15th Dec and checked the 3 trust you mention AEI & TFIF look good, a silly question (Only silly when you don't know the answer ) The Fees and On going chargers do you have to pay them out of the dividend or is that already taken out. If you have to pay then the Dividend yield is less that what is stated.
Have only brought share before. Thanks, Hope 2024 is a good one for you but not as good as mine. ( Smiley face)
It's already 223.7p. There is only 1.3p upside. What's the point for holding? What a bunch of jokers!! Lol😂 😂 😂
Now, can it hold on to the gain this time?
Well, let's hope so anyway.
GLA, and enjoy your evening.
Thanks Trotsky, I will take a look at all of them later
Robleo, if you are happy with your buy and hold strategy then I might suggest that you might like to have a look at CTY, AEI and TFIF.
CTY is a large established investment trust with a market cap of c£2bn which currently yields c5%. AEI is a much smaller investment trust with a market cap of £146m which currently yields c7.5%. Both trusts hold a diverse investment portfolio of (predominantly) dividend paying UK-listed companies and both trust have relatively low or negligible gearing. Their yields may be lower than some of the higher paying dividend shares in the FTSE100 and FTSE250 but they reduce the risks attendant with putting all your eggs in only a small number of baskets. Obviously the value of both shares tend to track the value of their underlying portfolios (both trusts tend to trade at a modest premium/discount to NAV) but they do reduce the risk inherent in an individual company potentially going bust or cutting its dividend (generally, individual investments tend not to amount to more than 3% of each trust's assets).
TFIF is also an investment trust with a market cap of c£750m which invests in gilts and bonds. It currently aims to pay out a dividend of at least 8pps (which would give it a current yield of c8%) but is likely to pay c11pps for both FY24 and FY25 (if there is no material change in the BofE interest rate before March 2025). I bought TFIF based on a Questor tip about 15 months ago and since then the share price has been fairly stable all things considered (the share price hasn't fallen more than c10% since I first bought back in September 2022 and is currently down c2% on my average cost of purchase, whilst having returned c10% of my purchase costs to date) and the yield has progressively increased in line with interest rates. The trust has a good investment record to date (none of the bonds it has bought have ever defaulted) and it tends to look to hold its bonds to maturity. Now that interests rates look to have peaked, it's likely that bond prices will now start to rise. So, in principle, the NAV of the trust ought to start rising too. On the other hand, the trust's income is likely to be reduced (due to a decline in its index-linked bond income) and, as a result, it's payout is likley to fall back from the current c11pps to c8pps. So, if you bought TFIF today, you could be looking at (over the next 3-5 years) capital appreciation of 10-30% and a dividend of c8pps.
I currently hold both AEI and TFIF, and have held CTY in the past.
Obviously the usual caveats apply. Caveat emptor! These are not intended as recommendations. They're just a few shares that might be of interest to a dividend investor who is looking to maximise their income whilst minimising their capital risk.
Thanks Trotsky and sidi, for your views, and i guess it all depends on your circumstances and what's working best for yourself, and most all that you can accept that you sometimes have to take a loss
For myself it's trying to get the right balance between growing and protecting my sipp pension pot, especially as i'm close to full retirement, and maybe being a bit more adventurous with my stocks and shares isa
Best of luck to you all
Thanks for your in-depth enlightenment and advice TheTrotsky mate. Well, I know that investing is stressful, but nothing comes from nothing. That's what people called it 'no pain no gain'. How I wish I could make a fortune without going through sleepless nights, lol.
"Just curious which method most people get the best return on"
That's a difficult one because people tend to either fall into the one camp or the other ;-)
You're probably best to address that question to somebody who's changed their strategy but, even then, prevailing market conditions would probably make a comparison difficult. I suspect that in reality one strategy will work better than the other in a given market condition and it doesn't necessarily follow that the same strategy should be applied to all shares all of the time. In my experience, for any given share, you can have a gently rising/falling market (where the share price incrementally rises/falls every day/week with little or no daily volatility over a sustained period), you can have a becalmed market (where the share price hardly moves from one week to the next) or you rising/falling volatile market (where the share price trends up/down over a sustained period but with rapid sharp drops/rises, generally within a trading range, on a daily/weekly basis in a sawtooth fashion).
I would suggest that the latter is the ideal market for sidi's trading approach and has been the prevalent type of market since the invasion of Ukraine. As long as you buy/sell at the right time, it can be highly profitable but it can be quite easy to buy/sell at the wrong point and be caught on the wrong side of the trade. Obviously it can be quite fraught if your strategy is to buy and hold for the long term in a falling market (somedays you're left asking yourself why you are bothering when all you appear to be doing is cannibalising your capital to pay your dividend and the rest) but sidi's strategy can also be quite fraught too.
A few years ago I tried day trading a share (using spread bets) which I'd noticed had fallen into a "sawtooth" trading ranges. Needless to say, I didn't time my purchase right (the share price dropped out of its previously observed trading range) and, over a few days I'd managed to clock up a potential loss of £5k (and very stressed) and then, the next day, the company issued an RNS and I found myself £5k in profit (and very relieved)! Personally, I've found that I can do without that kind of stress ;-)
Good evening sidi, yes excellent day with everything today, let's just hope we can hold onto the gains tomorrow
have a nice evening
Good evening robleo, well not that itchy, no hurry in selling MNG at the moment. I intend to hold this for a bit longer to enjoy the dividend. I actually did a few trades yesterday and today. Think I have really become a day trader now, lol. 😂😂😂😂
Hope that you have good day with your shares, as the market has had a very good run. Most shares enjoyed substantial rises, some advanced many %!! Even dogs and donkeys like VOD and LLOYDS were doing well too for a change, lol.😂😂😂😂
Have a very good evening mate and good luck. Let's bring on tomorrow.💪💪💪
Sidi, I get the impression you are itching to sell, i would love to be in the position where all of my shares are in profit or at least in profit for most of the time, the only way i can see how i to achieve this is sticking with a smaller number of good dividend paying shares that i want to hold and topping up when they drop below my average, but i have a few rotten apples in the mix i need to get rid of, hopefully at as low a loss as i can achieve
I think your strategy is very different, you try to buy when they are low then sell off as soon as possible when they rise a bit
just curious which method most people get the best return on
My 18:40 post - disregard - careless reading of the holdings RNS by me - M&G have been shedding SCS not the otherway round...
SCS shedding has been holding this back.
https://www.londonstockexchange.com/news-article/SCS/notification-of-major-holdings/16253329
Soon to be out completely?
But I was right. It did finish the day on 218's.
No
Will it finish the day in red? This snail is unbelievable!
Slow steady rises are much better and much more sustainable in my opinion, up over 8% in a month, 18% since Dec 22 and 15% since October - I am more than happy with that. Along side a very healthy dividend, there are far worse (and less safe) places to be invested. As I stated previously my target/ prediction was £2.20 by the end of this year/ early next, which we have all but achieved and I think will now easily exceed. I would hope/ think it will level out at about £2.25 next week and then onwards up to £2.50 next year, I did think middle of next year, but if interest rates keep reducing and economy recovers a little more, I think this level could possibly be achieved sooner than the middle of next year. In the meantime, keep the dividends rolling in and slow steady rises is what I say.
Best of luck everyone.
Forgot to say: 'happy to be proved wrong'. 😂😂😂