Member Info for Milliethedog

TP, that looks like a good balance to me.
I went into buying properties to let out during the 1990's, & those properties now serve me & my wife our income.
So i just came back to the market when it all fell off a cliff mid March. Just 'playing' with some spare money essentially; about 30k. I chose previously good paying stocks that, i felt, had got battered down with the rest. Then, if i got caught out & ended up keeping I was fairly sure the SP would eventually come back to me.
But so far my trading in & out has gone fine; up 28% since March 12. Never had to get out at a loss.
I have recently paused my buying as am worried about a US market correction which would, i'm sure, give the FTSE a nose bleed.
Mrs Millie & I also have cash ISA's with Virgin Money earning a whopping 1.36% per annum. This is roughlt 205K.
Should the market bomb as in March, I will be very tempted to take your view re 'pension pot' & invest long term in my aforementioned stocks.
Thanks for your views

Millie

Rocky,
just as an addition to my last post.
I have been trading, in & out, of various stocks since March.
They have been; Av, Lgen, imb, RDSB, Lloy, Hsbc & Glen....

Do you have any comments on these stocks at all?

Sorry to be 'off topic' slightly, but there are maybe others who could be interested.
I'm 85% in cash just now as i feel a market correction is possible, so am watching & waiting

M

Hi Rocky,
I found your post brilliant.....someone who can actually set out valid reasoning behind their stock decisions. Thanks very much, & do keep it coming.
Most of these message boards ( & ADVFN too) are inhabited by, what Mrs Millie calls, Walter Mitty's. They very rarely are able to progress past one line. A paragraph is far beyond them.
I have found that, as here with BT, all boards have certain people who know what they are talking about. Those people know who they are & do, also, keep others informed. Thanks to them too.

I myself buy the actual stock & am long with a break even average of 108....will average down again if sub 100p. Will probably keep for the long term, unless i'm showing a good profit & need the money.

Millie

"If only that were the case! ....The US techs are hugely overvalued and I reckon their collapse back to earth, will impact all stocks ...even though the Ftse constituents didn't share in that exuberance."

Well said Chris....Here is an article in my Inbox today from SeekingAlpha to back that up.....

https://seekingalpha.com/article/4372177-yes-crash-is-coming?utm_medium=email&utm_source=seeking_alpha&mail_subject=must-read-yes-the-crash-is-coming&utm_campaign=nl-must-read&utm_content=link-0

Millie

NASDAQ now down 5.6% on day.
Does anyone have an arguement for buying these at 274 with this kind of volatility?
Remember, if the US sneezes, the FTSE catches a cold.
I seriously want someone to make the case for buying in now when they were 211 in March....

Millie

Well done with those ITV Rich.
Am watching RDSB too. Waiting for sub £10 there. IMB (Imperial Brands) £12.
Plus the two insurers i mentioned & also Lloy 26, HSBC sub £3,
All previously excellant dividend stocks
Thats my watch list really....

Good luck
M

Sold all these day before XD @ 304.1
NASDAQ off 4.5% now; start of a rout? Not sure, thought October myself.
Cheapest i bought these in March was 211

What's the reasoning why they won't get there again if this tech drop continues?
85% cash waiting here...

Millie

Hi Tony, yes the FTSE has performed poorly over the last few years compared to US indices.
But a US correction to the S&P, NAS will make todays share prices seem good

In March i was buying
Aviva @211...now 280
Lgen @140...now 204
Sold out into rally recently but have kept my BT.
BT has not moved too much, as we all know, was 107 in March; maybe a market correction is already in today's 103 price.

My trading account is up 28% since entering on 12 March....but i certainly do feel for those who have held long term on any FTSE stock. Maybe you will be able to average down soon, if funds are available

Mostly cash waiting for the bubble to burst ......
Just my take on the situation
M

NASDAQ off 4.6% now
The long awaited correction??
Cash is King folks....
Waiting game now, good luck to all

M

It's not just Apple Toff,
Did you know that Zoom is valued at $77bn (£69bn)
If you add up the market caps of BT, Aviva, L & G, Imperial Brands, IAG & Standard Chartered Bank it totals £63bn
You still have £6bn so throw in a few airlines.....all good profit making companies(almost)

Absolute madness

IMV
M

Toff, et al,

I've been warning of a US market correction for weeks now; on several LSE boards & also ADVFN.
I'm like a bloody broken record, apparently. One idiot said he was peeved at hearing it all. Another said i was crazy to be mostly in cash right now, i was missing out. Fact; most corrections are in the autumn. October actually.
Warren Buffett, George Soros & many other clever folks have been flagging it; damn site cleverer that any of us muppets on here. I've even provided links to articles.
I really don't think people realise the risk they are now carrying 'when' the US indicec blow.
But the comments i get are mainly contrary. 'Sheep to the slaughter' springs to mind.

Been trading Av, Lgen, RDSB, BT, Imb, Lloy & HSBC since March drop.
Just have a few BT & even fewer HSBC, all else sold waiting for the inevitable....

All in my opinion
Good luck all...

Millie

Rich, hi,
I came back to the market in March, when everything fell off a cliff. What i have found since then when trawling these boards is an awful lot of bitterness. Predominantly from people who have held for years & are angry. Ok, i get that.
But for me personally it has been a very profitable rollercoaster ride. In & out trading the high's n low's.
I've been in & out of BT, Aviva, L & G, Shell, Imb, Glencore,Lloys, HSBC....
Sod the fundamentals (up to a point) Trade the volatility. Watch & wait. Be patient.
Tip: Don't take too much notice of notice boards. Huge pinch of salt. Eg; the Pump n Dump the other weekend.
Personally have sold all off except BT & a few HSBC. Not on wacky takeover rumour but because i think they are way undervalued.
Also, nothing on any notice board will EVER affect the share price. Ever.
Good luck with your trading/investing

Millie

On 6 Aug the SP was 101
5 trading days later it had risen to 112
....without any rumour
So why hasn't the SP shot up to 120+ with all this takeover speculation?

It needs to get somewhere near 120 for me to take this rise seriously.....

M

Month or so back it was "BT to spin off Openreach"
Then it was the Saudis building a stake, via their wealth fund
Then some French telecom fella was "circling"
Now it's multiple takeover approaches rumoured....

It all sells newspapers....

Share price bounced off 101 all the way up to 111 only the other week, for absolutly no reason at all
So, if any or all of these rumours are true, why isn't the share price at 120+
Am long myself with an average price of 108
M

Toff, et al,
So am i correct saying that a huge chunk of the Fed stimulus is being channeled straight into tech stocks via the S&P/Nas?
Plus, traders/speculators are selling BT type stock to liberate money to further pile into these indices?

So, your/our theory is that 'when' the bubble bursts & they all head for the door , they will pile back into aforementioned BT type stocks?

M

"Mobile network T-Mobile jumped $60bn in value, as it added 452,000 subscribers in the US with people more dependent on phones"
That's UP $60 billion; that's not the company market valuation!

....& the way BT share price is going it will soon have a total market cap of less than £10bn
Seems ridiculous to me.......
M

Well, thanks to all those who contributed today on this subject.
Seems most of us are of a broadly similar opinion re the general market
Almost to confirm this further i found this article today....
"That is Jeffrey Talpins, the founder of Element Capital, in an Aug. 18 letter to his clients, cited by the Financial Times (paywall), explaining his decision to reposition his $16 billion hedge fund for a potential downturn in the market after an unprecedented rebound in equities in the U.S. and Europe since March."
https://www.marketwatch.com/story/low-key-hedge-fund-star-scored-big-in-coronavirus-rout-and-now-says-stock-market-environment-presentslargest-set-of-tail-risks-weve-seen-in-15years-2020-08-20

M

Toff, agree with a lot what you say; but 'Death to the USA' . Really?
Also, iv'e been looking at the charts for the last 10 to 15 yeras for BT, HSBC, IMB, RDSB, AV....(just SP, so divi factored in)

Does seem to suggest that, at these share prices, a buyer would appear to be on a fairly safe bet over a 5+ year time period.
As safe as the stock market ever gets! Divi's will resume at some point too.
Isn't a lot of bad news already factored in in the current prices? The definition of a value stock maybe?
Once this 'bubble' madness is over folks will start looking at these above companies perhaps more favourably....

Am myself not in for the long haul; trading in & out over a few days, week or so, for quick 8 - 12% 'bounce'.....
RDSB on my radar, plus IAG....among others
M

Yes Toff, but if you are caught long when things go pop you will be hurting with them.
I myself am very cautious going into the market just now. Have some BT with a break even of 108.
But with all others i am watching....
M

not familiar....similar
Need an EDIT button LSE
M