Member Info for Alas_Smith

Seems a good point of entry to me

If I might be a little impertinent - I have a much reduced holding from when I last commented. The bulk has been sold as I felt that the managers had lost direction. I believe I am right, but this does not write this IT off. Both steph and Senator1 are right and yet it seems like 2 bald men arguing over a hairbrush. I infer that steph has, through his recent admission been very aggressive in building his stake to load his ISA wrapper to the fullest extent with this single holding, which he seems to admit is the cause of some anxiety and his defensive stance.

And although I am not a financial advisor, sheltering assets in ISA (or SIPP for that matter) allows a holding to grow without penalty of CGT. No bad thing with a portfolio (as mine is) which seeks capital growth at high risk. £40.000, £60,000, £100,000 in a single holding is not unusual for private investors, the caution I would urge to others is that every portfolio is different, every investor has a different attitude to risk and every investor has a goal unique to them.

I am not ready to invest more cash in GROW at the moment as the US election result is more favourable to assets on US exchanges BUT this is< I think a good time to drip cash into this trust and to heed to good discussion which has transpired between Senator1 and steph - both have articulated compelling and thoughtful argument well reasoned and of merit.

And so, like a bad penny.....

Have made a small investment today in a SIPP for elder son. Time will determine the wisdom or folly of this decision

FWIW, since the ambition for SIPP has a long timespan (for elder son 40 years), growth, to see investment capital double every 10 years is not an unreasonable prospect. To achieve this it just needs to have uplift of 7% and dividends which exceed 2.5% reinvested.

My own track record has seen compound growth of 13.25% for portfolio (over 7 figures but not 8) over my investment timeline of 48 years. Oh…. I have never reached the triggering for higher rates of tax from salary and will over the course of the next 6 years have sheltered everything in ISA or SIPP wrapper

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