Member Info for Fender5

Very good Trunky … I truly believe after 30 years trading that cash will be King even if it’s in a 1% savings account or in your mattress , the last 2 weeks I’ve slept so well not scared to switch my screen on in the morning to see how much I’ve lost

Comforting to know I’m not alone OWl ,I did a tally of the 3 stocks I sold Monday 2 weeks past they were. Aviva , Wood group and NWG I put 25k into each and had I not sold I would of lost a staggering £6329 ! this scared be to the point of giving up sharedealing for now happy to sit on cash as I can only see the FTSE going down this is just the start ,maybe looking to reinvest in 2024 ,Before I put you all to sleep another thing I’ve done/doing the paperwork now is Drawing down my pension as I’ve been monitoring it my pot/fund has devalued by almost 10% in the last 3 months and I have got a fixed draw down over 10 years no matter what the market does BTW after weeks of quotes I went with Canada Life a real top payer DYR…Sorry for the gloomy post ,I just feel cash will be King for the next months to come and of course I wish you all every success in your spread of stocks

Chilting I admire you for sticking with this stock but your comments are a bit like saying I think it’s going to rain and one day you will be right but even if m and s double in the next few years which I doubt many people will still of lost thousands ..your approach to sharedealing is very different to mine ,I wish you good fortune and suggest maybe you think carefully and reduce your M and S holding soon as poss buying it back at 99p after all your post nothing changes the fact that I am about 3k better of for dumping my stock in this rubbish company ,you believe this share to rise I don’t ..good luck

Wouldn’t not would

Chiltin I never said I needed the cash ? It doesn’t change the fact how much real money I have saved not made in the last week ,also I would mention the word patience on a M and S thread if I were you Patience ! Patience ?? M and S stock was trading at over £4 thirty years ago ,also by your wisdom of it goes up and down how long would it take for you to say you were wrong on a stock and should of sold ?

I disagree , going into cash with 3 stocks I bought 3 weeks ago I put 25k into NWG 25k into Aviva and 25k Wood group I got so sick of it all Monday got 73; 200 back plus dividend of about 1000 so a loss of about 700 had I not I would be down Over 4K so very very happy ..going to earn my money another way not gambling do remember 2 things Chilting I can buy them all back and have 3k in hand also a recession has not yet been declared !! fasten your seatbelt and hold onto your hollyhocks when it does I predicted the ftse to be 5% less in 12 months ,cash will be king Sell ! Sell ! Sell !

Sold all my M and S 4 months ago at a loss saving me thousands on todays price , also sold my NWG at a small profit and sold all my Aviva last week at a loss but covered it with the Dividend ..it’s Friday 26th Aug and I own not one share ,I have been looking at the market and realising how much money I havnt lost in this bloodbath ..I have also pulled all money in my trading accnt out just incase I’m tempted , I’m going to find safer options for my cash for now …and this is pre recession they tell us .. too rich for me I’m out!

Totally Owl ..I got the cold shoulder for saying this a few weeks ago ,I got out at a medium size loss a few weeks ago , phew saved myself a couple of K ..just a boringly bad investment for me over the last 30 years

Yes that appears to be the only logical explanation

Yes SFH doing research and can’t fig it out …bought a chunk yesterday based on div and results wandering what’s caused this ,anyone got ideas ?

Hi JJ a 112 per share you must of bought a couple of years ago did you consider selling a year later when they doubled ? Your post just confirms what I said about M and S I feel more people need to be more honest with their feelings on this stock and that’s what I did ! Looking at the performance much better buys out there though a dangerous time with much stormy water ahead ,I wish you well with this stock and your portfolio in general ,regards Pete V
PS do you also have other M and S shares in your port that you paid a higher price for ?? My guess is yes

It amazes me how we see optimistic post after post after post defending the running of M&S and it’s share performance it’s beyond boring thankfully sold out at a loss months ago ,holding mostly in Aviva , NWG , and Wood Group ….happy to buy back into M&S before the end of the month but at no more than £1.20 I hear you all wince even at that I’d be a little nervous and will only dip my toe in the water

Thanks Mike actually bought more later in the day slightly 15653 @ 254.48 then another 13740@ 253.48 .happy with my purchases looking at leaving it there a while now …take care

A new stock for me bought in this morning @253.39 using the funds from Lloyds sale on Friday .never thought of NWG till I read all your research post .,good luck all

Yes Hard Up a lucky call ….update bought the whole lot back an hour ago @ 44.95. 75k reinvested ..got a bit of wiggle room on this with the div back up

Correction sold @ 45.85 not 45.58

Just sold 163315 shares @ 45.58 plus a div of £1300 next month my 1st bit of success in a month not showing off just sharing a little joy in the dismal year I’ve had

TY Hardup … yipeeeeee! ..I just called Lloyd and bless them took the lovely fella 10 minutes to confirm this very simple Q ..

Hard up …yes looking very good would I be right in saying if I sell today I still get the 0.8 div ,I don’t have to hold them to close of business tonight ?

Far end .. read your post may I ask how much experience you have had running restaurants? and in general a short CV of your experience in the service industry? You do know that many many May restaurants bars restaurants and cafes had their lively hood taken away from them with 4 hours notice !!? they are desperately trying to recovery and an attack like this on the industry is so unfair many like myself putting their own savings in to stop the staff being out of work