Member Info for Alas_Smith

Holding last week. Too much reliance on Action

Bought a few shares today in SGRO in my ISA. Whether this is fruitful or not, only time will tell. Have started the gradual change to my portfolio from a focus on capital growth to capital preservation.

Current yield is 1.8% and long term (almost 50 years) compound growth is 13.28%. Over the next couple of years, I intend to raise yield to 3.4%. This will not have much effect on the compound growth for portfolio but will allow me to consider retirement for myself and wife. Last month I took great delight in making the first meaningful gift of capital to my children with a transfer of 2.5% to each child. No point in being a rich corpse in a graveyard especially as I only want a simple statue

Have bought a few shares for elder son in his SIPP today. The bargain will not move the share price.

Trading update does not make pretty reading

Looks as if the resolution to split was approved and becomes effective tomorrow.

Https://www.londonstockexchange.com/discover/news-and-insights/what-auction

Https://citywire.com/wealth-manager/news/stock-talk-bae-systems-reckitt-benckiser-barratt-developments-rs-group-genus/a2449669

Is it safe to come out yet?

Rather more information is available on this link: https://www.mmainvestments.com/files/financial_regulatory_reports/MMA-interim-report-2024-CGI-WEB.pdf

I have added a few more shares to my SIPP from dividends accumulated over the last quarter.

September is often a difficult month for investors

I've taken some of my capital off the table today to allow profits to run. I now need to tweak my portfolio to increase yield from 1.8% to 3% not only to protect capital but provide income in retirement. Total capital return remains my target (13.25% compound growth has been achieved) but a few subtle changes over the next 18 months should allow my target yield to improve and have minimal effect on annual return.

FWIW, this was tipped as a recovery months ago. The SP continues to fall. As far as I am concerned, have written capital invested in this off. There seems no advantage to chuck good money after bad, though, if there is a change of board with most of the current managers replaced, I will reconsider.

It is the nature of investing to have some holdings which either never ripen or worse, gradually rot.

For indemnity to be successful, you will need to demonstrate loss. Sending a secure message that you wish to execute a bargain is sufficient to evidence intent, which if the facility is denied provides a measure.

Unless you can show that you have been disadvantaged, I suspect you will not get very far.

The Times has a very competent team that has provided resolution to many with similar difficulty. You can also contact the IR team directly and include the analysts covering HL. That generally provides some focus. Good luck.

Make certain that they jump through a few hoops. Data Subject Access request is the first point and it SHOULD include all records of conversations. You might also want transcripts too.

mapp

i too share your frustration. i have held account with hl for 22 years with a standing order each month for £200 to build up capital from income. in 2012, i received an unexpected windfall as my parents began the process of succession planning. a lunch meeting was arranged with their discretionary service to include my accountants, wife, solicitor and secretary. the hl representative was late, had not read my notes and only wanted to push me into funds of their choosing. as the representative had not the basic courtesy to be punctual, i chose to end the meeting after 15 minutes and not include his for lunch. the windfall was not placed with hl. the bulk of my holdings were transferred in specie but i maintained my standing order from habit.

my portfolio is now managed on a discretionary basis and is approaching 8 figure spread over about 100 equities listed on exchanges around the world plus a handful of trackers for good measure.

following the sale of many holdings, i wished to transfer the cash to the same account that had funded the account but needed a code. what a pantomime! but i eventually received the code and the transfer was made. the current value of my holdings in hl is negligible following recent gifts to my children, a little over £7,000.

two days ago, i received an impertinent letter requiring me to "prove" my identity. our house straddles wales and england with both a name and a number. sometimes the house name is placed first in correspondence and others the house number. my account was frozen because the address that i originally registered with hl put the house name first (and that is the same with my driving licence) and the utility bill has the number first with the house name second.

lunacy - the account while hl cannot use common sense has caused a frozen account. my 20 minute call had a s********* representative who tried to deny my request to elevate to a manager to resolve. well, i did elevate matters, i have applied for a data subject access request, require all the telephone conversations, have placed a formal complaint on the representative. in all probability will close the account from a lack of common sense. if i lose £7k in the process, i am fine with that - my portfolio has movement of at least that amount every few seconds.

perhaps things will improve once taken over. cannot get much worse, i wouldn't have thought.

Not thinking about Glencore or BHP? Minority investors have a pretty raw deal compared with an institutional investor. The best we can do is track the best ideas of institutions and spend time on the tiddlers in the FTSE 350 and those in the fledgling category.

Get a core right and growth will develop organically. Put the time and effort into the sector drivers and disrupters and capital gains (or losses) will ensue. Often binary and sometimes unexplained.

I have trimmed my holding this week so I can make a life changing gift to my children. Just need to last 7 years for it to c*ck a snook at the Chancellor

I have disposed of my holding in this outfit which was purchased a few years ago. Having a big overhaul of portfolio to reduce shares that are under-performing. It co-incides with a gift that I am making to my children which I expect will be transformative to them.

A great sense of pleasure that it will be appreciated during my lifetime rather than when I eventually peg out. Good fortune to all

Stockready1, as the saying goes, elephants don't run, but they sure do have a lot of momentum. Sector rotation (as I see it) has growth in pharmaceutical, IT, emerging markets and M&A sectors. Construction (particularly Chinese led either in home country or others of influence) is waning but the transition from internal combustion to EV is waxing. RIO thus can be considered core for any portfolio as utterly reliable generator of dividends and any growth in the market cap a bonus as far as I can make out.

My long term average come rain or shine has been 13.25% compound growth. Of course there are down years (2022 was poor with -26.17%). The advantage of a high risk portfolio is that there have been many years of spectacular growth but sometimes boot on other foot.

Performance

2015 - 25.66%

2016 - 18.41%

2017 - 27.58%

2018 - 5.52%

2019 - 24.06%

2020 - 6.51%

2021 - 15.62%

2022 - (26.17%)

2023 - 12.98%

2024 to date 8.03%

In terms of a dividend stock with growth, I have recently bought shares in Diageo and, last year shares in Reckitt. Definitely a better point to buy shares in both now, but that is hindsight.

I hope this helps - nothing more than the musings of an old duffer. This week I have trimmed my technology holdings as I wish to make a cash gift to children. Providing a gift that is life changing gives me tremendous pleasure. Far better to do this while alive and no point being the richest corpse in the graveyard.

Thank you fromage for your considered words. I don't suppose my drab life is very much different from others except that I have always been self employed and thus do not have the luxury of a company sponsored pension. In retirement I will therefore be reliant on my savings with a bonus of a State Pension. The first obstacle faced is in stopping saving and instead drawing. And the 2nd one is the opinions of wise counsel and text books that all suggest de-risking a portfolio.

For me, mostly compos mentis, the prospect of a retirement of 30 years is not unreasonable for an active person with a wide range of hobbies to include skiing, karate, salmon fishing, motorcycling, painting, theatre and riding. This is the timescale for high risk and even if markets turn down, as they inevitably will, an annual loss of 20% has been seen at least twice, the most recent just a couple of years ago.

FWIW, I am eligible to receive the State Pension in the next 6 weeks. I am not yet ready to retire but I have not changed my investing strategy. I am invested for capital growth at higher risk. Yes, I won share in LGEN and RIO, both of which are extremely dull but are excellent generators of cash. Yields on both are such that I don't care whether there is growth in the MKT CAO or not because that was not the purpose of my investment. 3i, however, although it throws off a decent dividend is a holding for capital growth and I have been adding to my holding there as well as in tiddlers such as molten ventures (GROW) and Allianz Investment Trust (ATT).

The bulk of growth that I have achieved this year (and at times the largest daily losses) have been with holding on the NASDAQ and DOW.

Anyway, the world seems to need the raw materials that RIO provides, so no reason to sell holding, simply add when there are few other opportunities for growth elsewhere. That aside, at the point when I begin to de-risk my portolio to tweak investments in favour of income over capital growth, then RIO is an obvious candidate/