Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Hairydavey - Snap on the age. But no where near what you have in one stock. Of course if it represents 10% of your portfolio, then the risk is well spread. But still don't have that much in absolute terms.
Looking to get into PHNX and hoping it'll drop by an annual divi this Thursday. MNG dropped 11pc compared to the day before ex-div....so more than a year's worth.
But nothing is a guarantee and have to admit, their recent rsults were received very well.
Currently hold MNG and LGEN in an ISA. If PHNX drops by 10pc, then I'll throw my dry powder into that, otherwise double my MNG holding.
Have a spread of funds and individual yield stocks. Can't complain over the last year.....moved up 10pc (mix of fund price rise and income paid in).
Whilst i understand the compounding.....I had that approach a while back and whilst the number of share rose, meaning you bagged more dividend, which went to buy more shares, you never saw the income to spend it. That stock crashed at on point and the dividend was slashed. In the end, I ended up after 10years with the same amount I put in. Hence I keep the dividend...store it and then either use the money to pay for stuff or buy other stocks to broaden the portfolio.
No right or wrong answer.
Finley1 - "Interest rates need to drop to something like 3% to give the property market a kick up the rear."
Why does the property market need a kick? Its an open market. If sellers are desperate to sell (forced or otherwise) then they'll drop their prices. Even if inflation drops to 2%, prices are still rising and is going to be painful for consumers and businesses. Even if they drop rates, the country isn't going to grow. There aren't growth industries in the UK. We're a nation of consumer and service led.
I know it gets harped upon in the media, but our inflation is high now mostly due to lack of workers. With a worrying number of people in the 18-50 category who sign themselves off because it doesn't pay to work, axing benefits and making it far more stricter to obtain would have a better effect on inflation and the economy. You won't sway the hardcore people who are never going to work even if they had no money coming in....but the low hanging fruit who would reluctantly go to work that turn to county lines and petty theft would make a dent.
As for growing industries, again, we don't have a population with that growth mindset.
I recall owning a US stock where they announced a material buyback authorisation. Moved the SP.
After the allocation had been exhausted over 2 years (amounting to purchasing 5% of the float at the time of the announcement), digging into the 10K's...it was determined by a 3rd party that 2 years later, the size of the float was the same. Why? Stock based comp and convertibles that converted!
The double whammy was when their earnings dropped too! LOL!
Seakingalpha : It may well need to be sanctioned....but on the Kenyan government's terms.
What TLW values the stake at is immaterial. TLW is small potatoes.....
If it was going to happen, it would have gained traction by now....
(Can't believe Anton is still chasing tweets and any link on obscure websites....the number of ads you're bombarded with....some of those links are blocked by my firewall)
Thefrogster : Apologies...I didn't read that post.
Sort of...
I don't believe public sector workers should feel entitled to a gold plated pension. Its not fair on us private sector workers. In the end, its all down to the performance of the underlying fund which is the responsibility of the nominated fund(s). If they underperform or the burden of the weight of public sector workforces' pension weighs heavily on that pension pot, then you have a black hole....Another public sector created problem.
" the pension freedoms legislation of 2015 has given people the ability to manage their own pension funds"
From the following website :
https://commonslibrary.parliament.uk/research-briefings/cbp-8382/
"The ‘pension freedoms’ introduced in April 2015 gave people aged 55 and over more flexibility about when and how to draw their defined contribution (DC) pension savings."
So this is voluntary. its up to the individual to seek out financial help if they don't understand it, to decide after 55 (soon to be 58) whether they want to stay on DB or DC.
I'm actually concerned about the years leading up to that age....people in the ages between 25-50. That's where I'm seeing a staggering amount of apathetic behaviour towards their retirement.
lll : we clearly move in different circles.
i see too many people living off credit and not knowing where to start when it comes to doing due diligence on fund purchases. i often get asked where i direct my pension contributions, but i'm not sharing that info. i spend vast amounts of time reading and researching and keeping tabs on global events, that i'm going to share my choices, when frankly they're not interested in why? hell with that. you guys are different since we're kinda all on the same wavelength, actively discussing on this mb. my response to requests is simply to stick with their companies' nominated pension provider's default fund choice. its usually a balanced managed fund......frankly, they're not bad and tend to smooth out peaks and troughs with an upward trend. 5% pa long term growth isn't bad frankly tax free (growth that is) with zero effort on reading. what is a concern is how much they put aside vs their expectation of what they'll have at retirement and what kinda life they'll expect they'll be living......nothing matches up. of course, part of that is also based on inheritance they believe their entitled to and also the value of a 2nd property they have rented out, purchased with an interest-only mortgage not in london (lol!)
they will get off their backsides once they get a letter through the door 5 years before they expect to retire, waking up to the fact the pension pot is 1/4 of what they need to live the dream life of 2 holidays abroad a year, eating out three times a week, a new car every 2 years, and putting a deposit down for each of their 2 children when they go to purchase a house. they forgot to take inflation into account.....probably forgot to check they have enough nic to qualify for the max state pension.
and of course, they'll be no money for care home fees which will rise with inflation.
my summary ((doom and gloom as usual) : major **** storm ahead in the next 15 years.
this is one of the reasons i felt rescinding the 1% ni increase of boris' reign was something they'll regret.....either that or we need to grow as a country and frankly with the rising number of people signing themselves off due to mental health reasons, growth isn't going to materialise. hunt cutting ni in the most recent budget only makes matters worse.
"I personally can't understand why the government hasn't already moved to money purchase schemes for ALL new joiners in the public sector. "
I''ve never had anything but a money purchase pension. The first one dived massively but didn't touch t during the sub-prime crisis. My second one did well, until the same event and then I chopped and changed so much that I've pretty much written that off and just going to let it die now.
My remaining two pensions from current and penultimate job are doing ok-ish. Much bigger pots, but less risk following lesson learnt. But the reason I mention this is because the vast amount of reading and the painful experiences with no one to blame, makes me think that shifting the millions of public sector works to money purchase pensions....is like a ticking time-bomb. They get to retirement having done F-all reading and research and expect final salary like pensions.....Errrr nope!
LLL : Would you say we're out of a wage spiral? I'm not convinced yet, and still believe wage increases to be higher than inflation.
1) Doesn't help the number of economically inactive people. There was quite a frank article in the Telegraph this weekend people should read. They alleged to have questioned some folk on benefits to understand why they opt not to contribute to the economy. Some of the comments whilst hilarious are frankly true.
2) BOE's remuneration increases have themselves been higher than the rate of inflation despite what Bailey and Pill preach to us plebs. They get Final salary pensions still unlike some of us who have to manage our own pensions with no guarantee of a pot size. (What do they do at the BoE? Are they traders).
This is a sticky part of inflation I'm not sure we can kick to get inflation below 2%.
Cefncribwr : Nothing new there. Mgmt already declared that on the most recent earnings call.
I don't mind adding a bit at these levels...small amount to lose.
Just need this story to play out. All sequencer companies are being hammered.
CaptLard : Management may have accepted that shareholders have been making noises and its time to appease them. Not just bury your head in the sand and continue the beaten path they've been doing watching the spread between NAV and SP as wide as it is.
I like the fact they're returning capital to us. There is always doubt regarding buybacks and how much value they add. Sure EPS should go up, but in the end, the open market votes.
I think the positive catalyst has to be interest rate cuts. As well, SpaceX IPO would serve them well.
I'm seeing headwinds in the Semiconductor space, so they'll need to keep an eye on ASML, NVIDIA in 1H2024.