Its a long time since I could understand why people got animated about quite a lot of divis - not just here. 5% is hardly anything to get excited about. PHNX are paying me 12% and MNG 11% and I have quite a few others over 8%. Even my Virgin ISA is paying 5.5% and as you say with no threat to my capital. On top of which oil in general is in long term decline and not politically in favour. Not a great story.
Having a red day at the moment. The whole market is. No reason. Had a blue day yesterday so it fancied a red one today. I have always found it strange how market sentiment just ebbs and flows for no reason - just sentiment based on the faintest of breezes
I suspect these are more valuable than lottery tickets though I still buy one most Saturdays - you never know. I reckon I will still be doing so when these are about £20 :-)
Daft as it sounds I actually think IBST has done quite well considering. Apart from the normal ups and downs I think we have had the big retrace. IR wont be going up even if they dont come down (which they are likely to). Most estate agents are reporting better than expected house sales and which ever angle you look at it from England is overcrowded and in desperate need of an increased housing stock. My opinion is that it will take another major negative event to halt a fairly sustained rise next year - even the usual useless Labour govt cant be more useless than this one and in any event they are unlikely to damage house building. I added to my holding recently in anticipation - thats the only blot on the horizon :-)
No problem rhino they are both as useful for predicting the future. By the way my records tell me that this time last year at the xmas break we were 151.7 so the 8.9 p divi is a 7.2p profit :-) so the year has not been a total waste.
know nowt about charting - its always seemed a load of old ****** to me - though obviously some folk are into it big time and swear by it but if they predicted a retrace then so far my view appears to be correct because we are now higher than we have been since august.
my tea leaves tell that there will be a retrace at some point and that that is more likely to be next year rather than this. tetley's for those wanting to know my secret.
It could well be the noises that house prices are holding up quite well and considering that mortgage rates have probably peaked and the existence of mortgage wars. Seems to be dependent upon what you read. One (I think it was Right Move) was expecting a bit of a spike in sales after Christmas.