RE: Regulation20 May 2018 11:31
Hi STeve,
Warren Buffet isn't someone we can compare with. I am talking about the average investor , not one in a life time mammoth investor like him.
You asked what I see worthwhile investing currently. Well, I have had shares in many companies over the years. I see Lloyds as a good investment now. I'm fully loaded. The rising interest rates will do well for the banks. I have shares in other banks too, but Looyds in my view is priced at the lower end at present.
Technically, Lloyds is in a slight down trend but as I bought at the lower 50s, I'm happy to hold. I bought and sold Lloyds and other companies many times in the years followng the financial crisis. Some brought me several times over in return, but since the initial boom, I've learned to be satisified with 40-45% return. Not good to be too greedy. Once I am at 35-40% in profit, I start watching carefully and rebalancing. This way , when I lock n profit at some price, I don't care that the share may have further to go, as I am satisfied with my earnings.
I recently reduced my holding in Sainsbury's. It went up to the levels of 2014. I was ok with that, despite that some expect the price to carry on rising.
As I said efore, IGG isn't an ethical business. Whatever return it may produce, I will not touch it ever again. I was concidering CMC Markets when it was 150p. It's somewhere in my past posts. I was right as the price went up 25% and will go higher, but after looking at their business and actually I talked to them, I see that they they are no different to IGG - profit at the expense of their cutomers. This isn't a real business. This is a legalised robbery.
Good luck to you!