Member Info for nicknaim

nicknaim
"I dont think the pandemic was self inflicted !!"
I think you might be wrong there, well at least some people believe your wrong.
Okay they are called nutters but all the same you should keep an open mind!!!
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You have read that completely wrong, the pandemic wasnt self inflicted as apposed to suicide is self inflicted

"In fact I dont think many people died as a result of the banking crisis"

Well, depends on whether 10,000 suicides is considered as ..."many" ..during that 2008-10 crisis
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I dont think the pandemic was self inflicted !!

Try a banking crisis have you forgotten 2008
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In fact I dont think many people died as a result of the banking crisis

Try a banking crisis have you forgotten 2008
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There will always be one crisis or another, it normally mostly effects people who bale out when ist hit the bottom,others just use those situations to buy in to the solid companies

Added 229p and today 224p, if it goes under 218 I will add again, cant quite see what could be worst than a pandemic

I sold up up bought twice as many shares in Legal and General with a far superior Divi, no brainer buy and forget..

Nicknaim, if you predicted this how come you didn't sell out pre ex divi and then buy back at lower SP?
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Because I dont need to, Ive got some dry powder in my ISA to top up and reduce my average, I bought a few last fall at 226 that I sold pre Div so I will trade any I buy pre 230s until the next Dividend, whilst keeping my original holding that is quite considerable , for me that is, we all have our own stratagies and mine works well for me

Love my crystal ball, all the planets seem to be aligning, Holding tight for below 230s

My crystal ball says 228 over the coming days, been here many times, just enjoy the sunshine and dividend when it appears

Goin Daaaan , will def get to top up very low 230s if not 220s

Happy to have stayed in,got a nice div coming but only going to top up below 230

@nicknaim - a couple of points of accuracy in your explanation.
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ITS NOT MY EXPLANATION, its an example I copied and pasted , some real twts just appear like rrs spots all of a sudden trying to teach sucking of eggs..

This is a good explanation I found to all those who are a bit confused
Related
Why is a stock price reduced or adjusted when a dividend is paid?
This can be explained by the following:

Ex-Dividend Date: When share price falls after dividend declaration

Whenever a company declares dividend, generally a bullish trend is seen in the market. The price of that share rises eventually. But what most people are unaware about is the fact that the price of that share falls by the amount of dividend declared per share on a date known as ex-dividend date. This can be explained with the help of an example:

Suppose XYZ Ltd. declares a dividend of Rs.5 per share on 1th September 2016, to be paid to all the shareholders listed in its records on 8th September 2016. Former is known as the declaration date and the latter is the record date. Whenever a trade takes place, it takes three business days for it to be officially registered in company’s books. (In other words, names of new shareholders are registered and replaced with the old ones in the company’s books three business days later). This implies whosoever owns shares of XYZ Ltd. on 6th September 2016 will receive dividend even if they sell the share a day later. This is because his/her name would continue to exist in the Company’s books on 8th September 2016 and will only be replaced a day later. (On 9th September 2016)

Let us assume that a share of XYZ Ltd. is priced at Rs.50 on 6th September 2016. Mr. A, holder of 1 share of XYZ Ltd. sells it on the same date.

This way he can receive Rs.50 from the sale of share and Rs.5 as dividend on 8th September 2016 even though he is no longer the shareholder of XYZ Ltd.

But, this does not happen. In order to avoid this, price of the share is reduced by the amount of dividend declared two days before the record date. This is known as ex-dividend date.

Exchange reduces the price of share by Rs.5, i.e. to Rs.45 on 6th September 2016. This way if Mr. A sells the share on this date, he will receive only Rs.50 (45 + 5). Also, all the bids placed to buy the share are reduced, therefore, on the same day. This is because the new buyers of the share will not receive dividend as their names will be entered in the Company Record Books only on 9th September 2016.

This is done in order to avoid unjustified gains to sellers and losses to the buyers thereof.

This reduction in price is temporary and in the long run, the price starts rising again.

A stock drops on the ex-date because assets, in the form of cash, are transferred from the company to the owners/shareholders. Money goes from one pocket to another. If your account is taxable, you receive the dividend less taxes.

They all got hit with svb but Aviva hit 460s before ex, its looking a bit of a stinker at present , Im not looking good on that one but might top up if it gets down to the 400s , will definately hold on and ignore it till august

Will definately drop, will have the buy button also around the 220s

"How much is L&G expected to fall after the ex divi date?"
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Aviva recently went considerably lower than the Dividend pay out as did MnG, cant see LnG being any different, could be in the low 230s before turning around , Im not adding anymore now but will ad after the drop to lower my average leading up to August ex

I think this has a bearing on the recent bank crash and if you got in on the 220s this would be a very good pre ex

Nicknaim, I think I politely disagree. The psychology involved in owning shares whether short or long term can be huge. It can impact your whole life.
Also when I am in 'hypothetical' loss I am far more likely to re-assess the investment....hold, sell or add. Which can be a good thing btw.
Isn't it why everyone seems to quote Warren Buffett all the time. We want to get comfort that if we follow the advice of the sage then we won't go far wrong. Only problem is that selectively following one or two tenets of a philosophy wont necessarily get us to the promised land!
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Im talking about LnG as a long term holder, you can apply your logic as can I to both sides of the coin, I can appreciate most comparisons and dealing tactics conserning poor choices, No you wouldnt want to be in some of the worst performers whilst at their highs as now in this current climate you would be the most miserable person, but doesnt WB also claim to hold his shares forever, my point could be that im concentrating on this company specific

It is never nice to be in negative territory....even if it is a hypothetical loss.
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For most longterm experienced holders, this analogy does not apply, for those who trade alot or of a nervous disposition it may very well have some psychological impact, I just think personally speaking, owning LnG shares doesnt makes me lose any sleep