Member Info for MrMath

Don't think we'll be waiting until 2039 for a reversal :-)

Living off dividends works for me. I trade rarely now but used to do it more frequently. Was doing well until Sirius Minerals made me reconsider my strategy. That's behind me now and overall I have done okay. I track everything obsessively in a spreadsheet, which naturally includes capital gains, losses, dividends and taxes, and I also adjust for inflation in a separate spreadsheet. It's a lot less hassle and worry than trying to time the market!

If it was listed at £1 in 1979 then that's an increase of about 130% (or 135% at the moment) not 230%. The SP has some work to do!

Interesting, according to the Bank of England inflation calculator for the SP to keep pace with inflation since 1979 it would need an increase of 380%, so 230% is falling a little short.

SP rising on the back of it too.

I've been in this share since July 2019. Capital is nearly £31k down, but including dividends still over £30k up. Admittedly, not the best of returns but still bearable since you could hardly get anything elsewhere at the time of first, and largest, purchase. Happy to hold and take the dividends while sitting on the possibility of the capital returning something too.

My capital is down £31k in the 5 years that I've owned LGEN but I've received over £65k in dividends in that time, which is a return of just short of 3% per annum. Not the best but it does cover a few years when you were getting virtually nothing at the bank. Always trying to keep my finger off the buy button with this one, but give in to the temptation every now and then.

SP500 has been rising over the last hour, so not down much at all. The world seems very used to war these days.

See my earlier post. Barclays are complete shockers when it comes to paying dividends. It surprises me that they get any customers at all. Don't understand why some people put up with their poor service.

I've always got my dividends paid on the correct day with Hargreaves Lansdown. Barclays were shockers for paying the dividends late, which was one of my reasons for moving to HL. Having said that, still waiting for the dividend!

"IHT effects only 4% of people"

That line's been quoted for years. Doubt that it's true these days.

"Agree SP is pathetic really"

Totally agree. But I don't believe this will go unnoticed by the market forever. That's one of the reasons I'm invested here, as well as the good dividend.

Drop well overcooked. Certainly doesn't correlate with the 1.5% buyback and the dividend growth figures.

"Div in from HL. Transferred from income to capital account and activated withdrawal. Should be in my bank by close of business (usually only takes a couple of hours). All very easy and efficient of HL."

Did the same.

"Why was RI priced at 645p and when I checked this week was it sitting at 148p-149p on my account?"

You're probably looking at what you get for selling a right:

Current SP minus 645 minus dividend =

832 - 645 - 39 = 148p

"When to take the plunge though - before or after divi"

If I was a new buyer I'd get in just after the overly zealous drop on XD day. Reckon it will recover well.

Happy to have sold my rights for 225.5p but also happy to hold my initial number of shares (less than 3.4% of my portfolio) as I'm betting this will recover well, after the XD day drop.

"What am I selling and any idea how much for?"

Your selling your right to buy shares at £6.45 and so you will likely receive less than current price £8.97 minus £6.45, so less than £2.52 per share - possibly quite a bit less!

Sold my rights just after 8am this morning. Happy with the number of shares I still hold even though they represent a smaller percentage of the company than before. Will be interesting to see how this one plays out.

Mid-60s, retired and happy to be currently 89% in individual dividend paying shares and 11% in funds. Only down on 2 of my 15 individual shares, so things looking up lately. A maximum of 13% in any one share, which is of course LGEN!