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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.
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
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.
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
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.
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/
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.
Insurance. companies will benefit. from lower rates as they have. to keep large amounts in. Gilts, which. should rise in price as rates. fall.
Those with significant debt to roll over (most of the established FTSE).
Those yet to reach profitability whose future growth will be discounted less. (AI / Tech / Bio)
PE type operators.
Smaller companies as will be seen as less risky.
Those who benefit from marginal consumer spending (eg pubs if mortgage rates fall), house builders and asset managers whose asset banks are worth more.
Then there are some that may not benefit much because they are unloved (banks). Old industries/Non ESG (eg tobacco, alcohol)
A case to be made for most areas to do better under lower interest rates - as expected.
Hi Sean how much is the exposure to Thames Water - I haven't seen that anywhere. I thought this was safer than PHNX but perhaps not. Thanks
Gary 59, I hope your inane and pointless post wasn’t aimed at me! I’m not a trader.
I do trade stocks, but let’s ask you a question… how many XD days has MNG dropped more than the divi, do you analyse?
You say every trader, that’s a silly comment too. Where are you getting your facts? It seems you enjoy making baseless facts, backed up by nothing!
GLA
Hindivihunter, it was a post made on here or ADVFN. I haven’t seen it in the broadsheets, but this share price is well and truly dead at the moment, which may suggest the city knows something.
Sean1986 - Bit touchy aren't you, my inane & pointless post as you so intelligently put it wasn't aimed at you, I haven't a clue what you are on about & I'd like to point out that the whole world doesn't revolve around you, but I expect you've been told that many, many times.
Now go look in the mirror & repeat 100 times "I must stopping being a tw*t"
It seems to me that Gary was only making a general point & that someone on here grossly misinterpreted it & rather childishly took it personal. Perhaps the keyboard warrior that is Sean needs to wind his neck in & think before he posts. Not a good dinner party guest I think, ha!
Rather than call names, and be that keyboard warrior, perhaps stick to facts the subject matter that is Phoenix?