Member Info for ODONNELL

ANY ONE ELSE HAVE SHARES IN BNN, OR KNOW MORE THAN THE LAST INFO ABOUT THE LINK UP

Good to see so many of you interested in Investment trusts. Carry on the good work with all your comments!!!!!!!!!!!!!!

Not in to these owing to the cost. If you can buy on dips and sell on rises you would deal most days if you get in at the right time MAKING A GOOD PROFIT. Wish there was an investment trust that bought a range of these crypto currencies for us to invest in (SEE OUR POSTS UNDER INVESTMENT TRUSTS).

We trade options, selling both puts and calls about 3-5 months in advance on stocks. As a bullish trader we tend to sell put options but after a couple of losses a few years ago we now cover the sold option by either buying a lower strike price for the same month, unless it costs very little more to sell one 3-4 months later. However Shares tend to drop by a bigger % than rise so we are now looking to sell. calls, covered by a higher strike price . General we now sell both a call and put for the same month. (both cannot lose for us) again covered. The sales are at least 3 months in advance so the margin between what we sell and buy is wide enougth to give us a profit. The stock we sell are usually high priced options. On occasions we will sell one and buy one at a later month at the same strike price with little difference between what we pay and sell for and hope the sale expires worthless and the buy one makes us a profit. Each option makes about £100 profit, hopefully. Any one else try their luck at this? if so lets hear from you. We have tried spread betting but again we buy or sell long dated ones as the spread makes daily trades a no goer on stokes. Some spreads can be 20 %.

We hold approx. just over 40 ITs that cover the world and many sectors. This way we have investments in sectors we could not have invested in buying the stocks individually. A rough estimate says have coverage in about for 750 stocks, and we add to these ITs each month. If we can find a different sector or country to add we do so. To be continued. Pleased add your thoughts and experiences in ITs

We usually only comment in the sector for shares we own / have owned / looking to buy however we thought others should have our thoughts and give you someone else to moan about. We have bought shares for over 40 yrs and still make a hash of it. These days the market is ruined short term by day traders and short sellers, the later should be banned. One of the problems of buying shares is that you need to own around 100 to help cover the losses on those unexpected director statements saying they have made a mess of things lately, because of someone else's fault. The last two years have ben quite good with returns of over 18% each year were as this year we are down 14% already. Owing to the near 14% drop in the market (UK) and we owned such good stocks as Carrillion etc 5 in total. two should make a comeback while the others are basic right offs. Why did we not sell the fallers earlier? well we have tried that but those we sold immediately increased immensely, some the next day. The answer we have decided is to have the majority of our holdings ( 95% ) in Investment trusts that have continually showed good returns after 3 and 5 years. With these we can own shares in stocks we would not otherwise have known of or could not afford the range of shares world wide. While a lot of investment trusts plod on some can triple in 5 years while others lose 50% of their value in the same period. One poor year in a trust and we are out, unless it is a sector or area that has gone down the same % that the trust has, then we will be looking to increase our investment once that area begins to improve. We will continue this later. Hopefully others will add their comments to a poorly followed yet highly invested section of the market.

We used to use Digital Life along with LSE for information but since Digital Life changed their web site we will now be just using LSE. DL appear to have omitted the sectors section along with a companies trades. That or it is impossible to find them on the new layout