RE: Averaging Down28 Jul 2018 16:57
me and fleccy come from the same mould
I like to trade 2 or 3 times a year if I can , but we also get pull backs / sell offs in solid FTSE 100 stocks like Banks, anyway I top up around £1000 a month ( mortgage paid off in 2015 and don't need the money ) and have re-invested all dividend money I received , like here today my average is below 65p so been topping up below the average since early May time
once Lloyds finally moves back to above 65p to 67p I jumping around doing the Wall Street dance again
We closer to the 50s than my 70s so its back to the drawing board topping up re-vesting for the hot summer and wait for market to warm little to us
I honestly believe Lloyds Shares are moving in 10p cycle and will do, until we see the end of PPI