RE: Note to Seen_It9 Dec 2020 18:04
Hi Seen_it. Ted B is never one I have looked at. I remember buying Woolies for the divi back in 2007. Made one profit and then went for another batch. Disaster as became total write-off ! Also hit big probs with Currys/DSGI and Game Grp so tend to steer clear of retail. I use my own sector of "Motor Retail" for PDG which has been good for me.
I keep tab on my results by sector, and find that I have more success with Mining, Pharma & Utilitiies. My disasters have come with banks, retailers, SUK2 (shorting ETF). with my 1st SIPP I lost over 25% of my whole funds with the banks.
Lesson learned was to have better diversification.
With my recent SIPP, while having some big losses, none is more than 3% in any sector. Oddly enough my best results so far have come from property - HMSO - which I managed to double my investment and got out in time. Provided IMB does not go bust, I don't expect any catastrophic losses, that I would not have chance to cover in other areas.
The danger of holding forever, is that shares can permanently lose value, when you least expect it. Remember my purchases of LLOY, RBS, BARC etc in 2007 have all had something like 80-90% destruction when you consider all the share offers/rights issues etc, many of which only the institutions get chance in ! Who would ever have thought that backi n 2007 ?
I am not sure Ted Baker is one I would look at, but I hope it works out for you.
I am much more ready to accept losses these days if I get it wrong. I remember buying Carillion in Jan 2017, with about 20% of my pension. I got out in June taking a 10% loss. It was not long later that all the problems came out and it went bust.
Of the 106 trades I have completed, 66 are winners, 40 are losers. And I am currently more or less break-even on all of those.
I am carrying a loss of about 6% on my current holdings, which amounts to 4% of my original total capital.
I tend to snatch profits, esp when trading for 10% gains, but allow losses to run If I think they are recoverable later.
With RDSB I was 42% down at end of October, and now only 15% after averaging down.
With IMB I was 26% down ditto and now only 5% after averaging down. Just another £1 on the SP and I wil be in profit here !
Of course it can go wrong, as it did with BT for me so I ended up with a bigger loss there by averaging down.
Hey Ho - It's only money ....
As always it is a risk/reward adventure.
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