RE: Shell taking hydrogen forward14 Jul 2020 15:47
Tonearm, trust me, I have been doing this long enough to have a pretty balanced portfolio.
Construction is my background so of course I have a good knowledge of what is going on there, off topic but if you want one of the best recovery plays there the next 2 years you won't go far wrong with Redrow, DYOR of course.
Five years ago I invested in three Hydrogen shares, ITM , Ballard and Plug. Until the last 12 months they remained pretty balanced, but at the beginning of this year and certainly with the massive growth the last three months those three shares did become a bit disproportionate, so yes they last couple of months I have taken some cash which is sitting around to take advantage of the eventual generalised crash, which lets be realised is going to happen sometime in the next few months. Some of the cash has been used to spread the risk across a few more hydrogen shares. Let's face it there are some great companies out there that are going to fly over the next five years, all three have already mentioned and certainly half a dozen more.
I still believe ITM has the potential to hit 1500p over the next 5 years , that may seem like an off the wall prediction to some now, but let's face it, it's in the hot area of green Hydrogen and come autumn it's going to have a fantastic manufacturing capacity way ahead of some in the field
As for being a nervous investor, I would say more cautious now because I am getting on and I want to semi retire in five years, certainly a lot more cautious than I was ten years ago, and a much better investor than I was 30 years ago when I was greener and did rely more on fund managers. I can't complain there as I was advised to invest in the far east and property back then which did me alright.
Let's be realistic, we are going to see uncertainty in the general market over few months like we have never seen before, we have never in our lifetime had to deal with a pandemic on top of leaving the EU here in the UK.
To be anything but a little cautious over the next few months whether you are old or young would be nothing short of foolish in my humble opinion. Those with some cash off the back of amazing profits now will be like kids in a sweet shop next year with the bargains I believe will be flying around then.
Just my thoughts and from someone who has been round the block a bit over the years. These thoughts of mine are not aimed at the other experienced investors here, although even some experienced investors lose sight of a bit of realism at times, but there are some novices here who might just appreciate a few words of wisdom.
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