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Being recently retired & not wanting too much drama with my hardearned I have been taking out 4%+ 1 year savings bonds whilst the economic turmoil hopefully sorts itself out.
On the recent dips here I thought a Ā£20K LGEN ISA buy paying 8%+ dividends was too good an opportunity. My intention is now to hold & take dividends to supplement pensions. I think that this is a decent but not foolproof plan for someone in my situation. The point of this post is simply to suggest that itās not always about capital growth. Good luck all.
I would never, ever advise anyone to buy individual shares, it has to be funds for the inexperienced investor.
For a first time investor with 60K & if they had made their mind up to buy individual companies it would be 12 different companies at Ā£5K each, spread over various sectors.
Probably not to everyones taste but I have been doing this for some decades now & the three wealthiest people I know rarely, if ever buy individual companies.
Geo, at 94p you are doing a whole lot better than most on here that are seriously under water & I wish you good fortune. Your figures as quoted are dependent of course on the dividend not being cut & I hope that it isnāt, but it is in danger. There are a lot of people here that have watched VOD decline year on year so prepare for grumpiness & donāt take it personally. Never get too attached to a share as a lot here have become.
For new holders here thinking of selling I respectfully suggest that you are owners of an excellent company with a very good BODās. Your dividends here are as safe as any can be & are growing. The company refused to be dictated to by government during pandemic & despite massive pressure continued to pay out. I rarely buy individual shares but for what itās worth am very happy to hold here. Unless your own circumstances dictate I would not sell Legal & General at this time.
Spot on Strictly, treat this as a utility share paying 8% dividend, any capital growth would require good luck or divine intervention. VOD which I used to own is another utility share but the dividend here is much more secure IMO.
Bubbles when equities, bonds & property prices are in turmoil so are insurance companies. They have millions if not billions invested in the aforementioned. LGEN are more exposed than most here but its always the case.
I am unsure about Lagarde but I do know that BlackRockās chief executive Larry Fink knows a thing or two, as one would expect for someone who runs the worlds biggest fund business. Worryingly Larry has added fuel to the fire by telling his investors in a letter that they now face a āslow rolling crisis with more bank seizures and shutdowns comingā.
No-one said this investing lark would be easy, good luck all.
Fast forward to the year 2040 & if the lord wishes we will all still be here.
What wonāt have changed will be Mikey posting about his ski slope, only with global warming there wonāt be much of that about. Other holders will be saying, Iāve a feeling this is the year for VOD & they will be wrong ā¦ AGAIN
Phyl, sorry to read you are holding at a loss here but it will improve I am sure.
The company has a good BOD & it can do nothing about negative market sentiment. A decent dividend soon & then again in late summer will assist.
Phyl, there is greed all over the financial sector, but Iām sure I donāt need to tell posters here that. Particularly so in less well regulated countries, like the USA.
Interesting to see some significant shorts opened on LGEN in the last week, that says it all really.
I just did a test buy when the share price here was 2.34 & was quoted 2.32 to purchase, we are heading for a 6% loss at least today unless the budget cheers up the market. I doubt that as all the juicy bits have been leaked ā¦ again. Gotta love those torries.
I think the I may be able to answer my own question.
The bond market is seriously collapsing as highlighted by SVB & the market is getting spooked by the thought of another bank albeit larger, Credit Suisse, going a similar way.
If that does happen & nothing is off the table then there WILL be some buying opportunities.
Good luck all, we may need some.
Just trying to lighten the mood Nick in face of the declining SP.
Anyway itās off gardening for me now so a buy limit has been set at Ā£2.30, if it doesnāt get there my little 20K pot may well find a 12 month 4% savings bond home.
Nick, is it lossed or lost, ha?
Seriously though, what is behind the recent reduction in the SP here?
The US banking episode has seemed to affect LGEN more than others, down 2.9% as I type & other insurance businesses not down as much.
Could it be that downturns in general of equity & property prices affect LGEN more due to its heavy final salary pension pressures.
Anyway, my finger is still hovering over the buy button with my Ā£20K ISA money wanting a new home, I havenāt lossed 9% of it yet which I would have done if Iād brought last week.
"Gary, this is a game of majority sentiment. The majority sentiment here is quite clearly to buy, you can see that from every other post except yours." All I'm saying is make your own mind up posters don't follow the herd.
The majority sentiment here is quite clearly a buy you say.
Then I ask why is the share price dropping heavily (4.4%) as I type.
It's because the major players / buyers aren't buying they are selling, taking profits & hoping to get back in at a lower price. A few posters on LSE won't affect this SP one jot, supply & demand & that's with the current buy back as well.
Don't get me wrong I'm very pro Aviva as I think it's a good well run company, buying hopefully soon, good luck all.
Go careful saying buy now fellow posters.
FR Bank in the US is down over 60% pre trading & this will affect insurance & banking over here, plainly obvious as the SPās are tanking all over.
This latest debacle has not played out yet so saying buy now may be premature.
With their massive debt, abjectly poor performance in their most important market & dwindling income any company would have to have deep pockets & a lack of business acumen to takeover here. If ever a company needs to be broken up & its directors sued for overpaying hugely for previous acquisitions (right back to Mannesman) then itās VOD