Member Info for AbjectPerformer

Blue Pete don’t worry mate, moon soon. 🌚

Phat , we our is his missus

I have Barclays a few £k , 136-150p buys.

I also bought NWG just £1250 a few weeks ago at 180p

Don’t worry mylovelyhorse .. we’re teetering Ont brink of a bull run

If Bt goes to £3 a share I will be selling a portion of my shares. That way if they go down after £3, I have cash on the sides to reinvest it, if they ever get to £4 again, I would seriously consider selling the lot, if not 3/4. Maybe we will see a fiver again one day. Not banking on it though

Fleccy , when you used to get £13k you’re basing it on a 15p divi.

£3 a share at 15p divi is basically the same as £1.50 share and 7.7p.

But for you at £3 a share and only getting 7.7.. that’s half my yield.

Averaging down is fine only if you want more of the stock at current prices. Averaging down simply to lower your average is not a good strategy in itself.

I timed my buys well but it wasn’t skill.

I simply did not see value in Bt at anything above 180p.

I bought shares at 80, 125, 130, around 2009 onwards and then bought none and took cash dividends for years. I only bought more starting last year at 160 and 175p. The bulk of my buys have been this year at 118-125p

I won’t be reinvesting above £1.50 a share ever again. I will top up other stocks.

Fleccy correct about locked in yield per purchase.

I’m lucky to have only bought shares at 175p or lower. Mostly 125p. Some 80p.

However mandy bought at £5 and the yield was decent, and you bought VOD much higher too.

So you’ve both seen capital plummet and the dividend cut or cancelled.

It could happen to me. I doubt vod Bt will nose dive again to say 50p each or more, but they could. And that would likely coincide with a dividend cut.

So yeah you’re right and I hope you are, but there are ways you’re ‘locked in’ yield , can turn to crud.

NDNIC00

I don’t think Mandy is trying to conceal his identity with his different accounts. He clearly doesn’t care. He finds it amusing talking the way he does, and he does know the reasons for our opinions , which differ to his. He’s a nutcase but an intelligent nut case.

No one takes what he says to heart , including Fleccy his biggest enemy.

Fleccy and Mandy both have valid points. Neither of them are right or wrong.

A bid would be fine, if it’s a high enough price, which I don’t think it would be if it were allowed to happen. Equally , holding long term should be fine.

Let’s change topic guys.

How do you feel about dividend reinvestment in a morning vs afternoon?

Mandy I love everything about you; blabbering old silly codger

Mandy finally has a fanatical ally. Aus3009, like an ingrown toenail to Mandy’s necrosis

Not sure why anyone would be on the sidelines watching dlg eager for an entry , but if you were this price or the previous cheaper prices have all been good entry points…. How low does one expect to find an entry!

Fleccy

Conscious this topic becomes a bit too personal with a lot of silent readers.

But..

‘Abject I have Children, Grandchildren and unlike me, my wife doesn't have a private pension, so in the event anything happened to me she would receive a much reduced pension from my pension providers, so from my perspective it isn't all about me’

Not too sure how this relates to me/the context of what we were saying?

Are you talking about divi reinvestment ad infinitum so that it’s there for your wife when you croak it? As opposed to me taking cash dividends at a younger age?

You have to remember my holding in this stock is quite high , on the road to your holding size (and I have probably as much in others as you do in Lloyds and vod) and I’m probably a lot younger than you plus in an era of less job security and no DB scheme.

So that’s why I plan to do as I said . But there is no real answer . Everyone’s different, earns different, spends differently. Health, dependants etc etc.

I am confident I will be carrying my multi bags to the moon.

Same to you and all SIDI

Asking someone’s opinion doesn’t mean I’ll do as they say. Sometimes advice is obvious when heard. I would only do what they say if it suited me to

Fleccy I don’t have a DB pension scheme. So your argument over the risk I would be taking would still hold true for my situation in 15 years as it does today or in 5 years time. There is no pension.

There are other factors at play, it may not be in my control if I keep a job as long as you’re saying, health and family also play a part,

I don’t like the daily grind of work, and I certainly wouldn’t be bored without my job. Exercise and gardening are free or cheap and those are my favourite things to do.

You can save til you drop , and you might drop sooner than you think or plan to.

Job

Eccles, my work and I pay into a pot , and part of the deal my company get is a reduced yearly fee. If I decide to retire early , say 45, or leave for another jo, But can’t take anything out until 57, how to I reduce my exposure to the fee which isn’t discounted out of the employment offer.

Eg, yearly fee could be 1% of the pot value. Can’t really grow much if the pot is being eroded by 1% a year for 10-15 years.

My goal ISNT aggressive wealth building at all costs****

Dividend Stocks offer potential capital gains as well as yields higher than growth bonds, Isa’s or any other bank account.

So when you couple that with reinvesting, the compound effect is how you increase wealth.

However, I would not agree to reinvesting my dividend in Bt if the price rises. In that instance, I will reinvest the dividend in one of my other holdings or just take the cash and wait for a low entry or future market crash to plough in the accumulated dividend cash savings.

I do agree with reinvestment and compounding, but only because I’m in my 30s. I will not be doing this in beyond 45, unless, again, there is a crash. I want to retire very early, take cash dividends make use of the funds before I croak it.

My goal is aggressive wealth accumulation at all costs. It’s just to secure a decent dividend income across 10 stocks, BT being my largest holding, and live a quiet life