Accumulating for long term position28 Jan 2021 10:03
Have been buying in tranches starting from 292 all the way down to todays lows..have 77,000 now with only another 23,000 before i reach my 100,000 target. Buying in my SIPP & have 4 years before i gain access to it. I'm confident my position in Saga will be a million pound+ position before i get access to it. You think this to be reasonable?
Have been looking at some some charts & data coming out of Israel as they are a couple of months ahead of us with the vaccine roll out..the serious cases for the over 60&70's have plummeted proving the vaccine to be a great success. We will see the same come April/May and watch this fly then :-)
I'm not going to trade the position..just sit on it until i can gain access in 4 years time. Wish us luck :-)
I see it far less risky as a risk/reward play than any other share i currently hold. I did consider Carnival too but debt is to high and one trick pony compared to Saga and see more upside here.