RE: Red Braces Brigade31 May 2021 12:46
V I am not sure it is doing something right, lot of time it is more not doing something is right. I still have a few shares I have owned since 2008 and many I have owned 5 years or more. I do occasionally buy and sell at what I hope are highs and lows.
I started out (in 2008) buying in £400 lots as I felt it kept commission in proportion and was not a lot to risk. Back then when usually in the next week I would find myself 20% down I could then buy another £400, and oftentimes more than once.
So I kept that system it has been a way of me "dollar averaging" as I think they call it. Generally I have invested over long term, not always by choice, sometimes I just cannot find it in me to sell.
Now I am retired and although quite happy with my returns, I have not made enough to buy a house. I half own a flat with a crap lease, okay in London but complicated to sell and my daughter needs somewhere to live so will prob. keep.
So I want to push on and boost returns. This is a dangerous area for me as I need to be careful I don't boost losses. So I plan to stick with old rules but be more adventurous. And try for short term wins! It is one of reasons I joined the brigade, that and I just liked the much more civilised approach compared to specific share boards which I had almost stopped looking at.
I must admit some things fly in the face of my old beliefs, like I would never go for any shares that were popular on LSE, if anyone mentioned MM's I would run a mile etc. etc.. I should accept these things can be contrary.
Expensive shares, one time my Puma shares were 600 euro's I never bought any for less than 150. In a way I never clocked how expensive they were as in euro's, pretty dumb but! they show the logic, however much the share costs if like them, they are 400% up you cannot go wrong, whether you have 10x£1000 or 1000x£10. Puma divided down shares by 10 so currently they would be in old money 940 euro's, but are 94.
It's funny how sometimes things logical are hard to accept, like dividends being a bonus, which really they aren't as if you don't get that money that way it should come out in co. value and so in SP. Even though I know this, I still like dividends, as I would likely bulk at big priced shares.
Anyway sorry I have too much time on bank holiday Monday.
I have done some trading today, sold some PUM and bought some BAN, Basic Net, this is french/italian co, which owns Superga and Kappa. Another little clothes/retail shot for me. My first Italian market share ever.
I need now get to the garden and be outside on this lovely day,
Arrividerci amici.