mulledwine4 Feb 2012 15:14
No profit taking for me i'm in for the long term. I'm a collector not a trader. Once a share gets into my portfolio it's there for good. The only way out is to be taken over, otherwise it's there until i eventually need it for care home fees or to leave to the kids when i'm long gone.
Inhereited these when they took over Evolution. And inherited Evo when they took over Beeson Gregory which was my initail purchase back in the 80's or 90's!! Over the years the weak have fallen by the wayside and the rest have just gone from strength to strength, it's amazing how holdings grow when divs are taken as new shares.
Not a strategy that you would endorse i'm sure but it has worked for me as i've never been bothered, or able, to keep up with the markets on a daily or hourly basis to enable me to trade regularly.
My portfolio is currently standing at an all time high, with BP recovering post spill, BT doing well, and my banker Arsenal going through the roof with Usmanov continuing to buy - they're currently trading at £15,625 per share!!!! The stick i took from my then girlfriend back in the 80's when i invested a then rather large sum is not printable. However she is now my wife and wishes i had invested twice as much!!! Though at that price we attract CGT with the sale of even one share, so as i have a natural aversion to paying tax of any type, i transfer them around the family and we only get to each sell one a year.
You seem to inhabit and post news on most of the boards that i frequent, which i always find useful - very occasionaly i even beat you to it!! Keep up the good work. ATB.