Long gone.26 Nov 2020 11:22
Hi all. Edging lower, let's hope OPEC can regain the upward momentum next week. As for holding shares for 3-5 years or just packing them away in a drawer for a few years are long gone. As is sell in may & go away. Or terrible October etc etc. Imagine, heaven forbid, some poor guy going into a coma in January, when RDS was Β£24, then waking up in September to see it at Β£8 56, dividend slashed etc. It would be enough to put the poor guy back in a coma. Buffet says you can't buy a share just for the dividend. I agree painfully, having bought Tesco, Sainsbury's, Vodafone , BP & RDS primarily for dividend. Buffet says the longer you hold a share the better your investment. I don't agree, or would anyone holding the above companies , over the last 5 years. Ok the FAANGS are doing great over the last 2 years, but mark my words, within a few years at least 2 of them will crash big time. History tells you that. Buffet didn't hold on to Tesco's once he knew they had had the balls kicked off them by Aldi & Lidl, did he. 2 things only I know about the Markets. If theirs a decent profit to be had, then take it, because you never know what's around the corner, cv19 proves that 100%. And 2, when Markets hit all time highs, a sell off will ensue soon after. Not sure when the DOW will drop about 10%, but it will. My guess is January, buts that's just my guess.