Member Info for longtimeinvestor

psk
'' I am all cash currently earning nothing ''

90% equities for me for long term protection against inflation.

psk
''I didn't take a loss''

Your statement ''I sold at 49p as I do not want to be left holding for years to break even.''
suggested otherwise.

psk
hope you are happier with any chosen alternative investment

psk
shame you decided to take a loss.

PSK
''I sold at 49p''

That is ALL that anyone needs to know.

psk
banks always have bad debts no matter what the interest rate environment.
It is the job of risk management within a bank to keep these to a minimum.
Once again - Why would lloyds not continue an upward trend with increased rates to widen their profit margins?
We are not talking 20% mortgage rates.
Lloyds mortgage book is at a low LTV rate.

psk
Why would lloyds not continue an upward trend with increased rates to widen their profit margins?
Lloyds has not benefited from having a very low interest rate environment for the last 13 years.

Much
''I wouldn’t be surprised to see them go straight to 0.75 % come February.''

A bold statement but extremely unlikely.

psk
New investors, as with plenty of current investors will have the view that the share price has plenty of upside from here.
Was there a point to you suggesting that Lloyds has reached a long term peak?

88
''i cannot see base rates being any higher than 1% by jan 1st 2023.''

That would represent a 300% increase in the base rate - so not insignificant.

End of the line for me is when I die - what bounce back happens after that won't be of any concern to me.

K83
''Do you hold any other banking stocks?''

Yes HSBC, I worked for them so investment started via SAYE , share options/bonuses etc.
I sold a handful yesterday - it is my largest investment in my portfolio.

R24
Well done and good luck with all your investments - not many people would be able to have that much spare money each month for investment - spend it wisely and do your best not to lose it.
You should be fine in the long term provided you avoid Micky mouse companies.

bt
''Holding until divi day.''

xd, day before xd, pay out day?

Price should determine your exit, not a specific date.

R24
I see, it's a monthly buy facility costing only £1.50 - that sounds good - other investors maybe should make use of such a facility.

I worked for many years at HSBC and among the very first users of 'investdirect' - in fact when it was a joint venture with merrill lynch (which was only a short period).
As I trade in reasonable numbers it makes very little difference to me paying £10.50 per trade.
For others I am aware that trade fees can be had for significantly lower amounts.

I am on until the end of the line.

''This is my stop folks''

So you are hoping/keeping your fingers crossed that good results with good returns to shareholders next month which may include further buybacks is already baked into the current price.

R24
Are you saying that your have been buying Lloyds on a monthly basis?
That's fair enough so long as a fee is not a significant part of the investment.
I use HSBC investdirect (£10.50 per trade) .

SS
just the sort of answer when someone hasn't an answer.
I have said before and I shall say again - I post most of my trades at the time the trades are made.

SS
''not a serious Investor''
Don't make me laugh - I have been an investor since the age of 18 - I have used the maximum allowance ever year of PEPS/ISA, although the majority of my investments are outside for obvious reasons