RE: s-i-d-i to CSDI(episode 1)11 Jan 2021 21:52
Good evening my friend,
Don't worry about me as am quite cheerful in January.
Have to be adrenalin junkie to get thru the month - always my busiest time of year - working to 31st January deadline for Self-Assessment. It is frustrating how HMRC enforce a 10 month limit on personal tax returns but allow big fish companies 12 months to do same. All of my client companies pay tax once a year while individuals pay twice a year. Hey ho .. it effectively means I have to do 12 months work in 10 months. Usu means I am twiddling my thumbs in Feb and March. Last year I took 2 weeks hols and worked a 3 day week before CV-19 struck.
Most of my p/f should not be touched for most of the time - that's the idea of picking big FTSE100s with decent dividends. However must keep an eye on changing long term trends as no good having a 5% annual divi if SP falls 10% p.a. You just never know which falls are temporary and good buying opportunity and which are permanent value destruction.
Sometimes it is best to do nothing and avoid costs of churn with a p/f.
My information tells me over 50% of traders lose money and over 75% of margin traders likewise (thru CFDs and spreadbets).
This is where the Stephen Bland philosopy comes into play, a la Warren Buffet - buy and hold forever. But even Buffet is known to make some monumental mess-ups.
I have no intention of short term trading AV, ASEI, GSK, HHI, IMB, NG, RDSB, SUPR, VOD.
With CEY my plan is half hold and half trade now. PDG is pure trade and SUK2 is very short term at about 4% of p/f only.
You did very well to profit with ARB, as I was worried you lose a lot on that one.
I've got my eye on SYME for a future fling, but no fund available noe unless I liquidate another holding. Only chance of that is SUK2.
Right I shall go and have a look what is being said on the BBs for my shares.
Ta ra for now - CSDI