The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I'm happy to have my dividends reinvested in the current climate.
Also, banking bosses have already stated they're looking to reinstate dividends soon. As far as insurance companies go - everyone will still be paying insurance on their lives, homes, cars etc & once Covid-19 story has subsidised today's share prices will be left behind.
Shares in loss making AIM companies rocket upwards & here's LLOYDS tanking from an already battered SP & yet has around £800 billion in total assets plus money flowing in & out left, right & centre !!
I'll keep adding at these prices thank you ;)
It was said to be undervalued before the Coronavirus pandemic when the SP sat in the high 30's
Young people today aren't as scared as the older generations in taking risks & that should bode well for SSTY. As long as folk have money they'll be itching to travel again a.s.a.p
Fingers crossed.
The amount of traffic using our roads each day is growing at a fair rate & should continue to do so. That should bode well for a rising oil price & that will suit certain governments, who take a nice chunk of fuel duty from each litre purchased.
Why have things got worse ?
More people are now using their vehicles, certain restrictions are being eased in multiple countries, the oil price is recovering from being in negative price territory.
People all over the world are itching to drive around & go on a holiday etc etc.
Only overproduction will keep prices low & it would be no surprise for "something to happen" that pushes oil prices to around $80-100 a barrel.
Only just seen I can add Bids monthly on my HL account !
Oh well = onwards & upwards:)
Reply to Gaspunter - If the government is paying workers 80% of their incomes then they won't run out of money & they'll also have more funds available to spend due to not being able to go to pubs, restaurants or on holiday :)
HL is will still be making money on millions of trades throughout this mess.
SSTY are the only AIM share I've been adding over the last few days.
I purchased leisure section shares last week like Cineworld at 24.25p & sold most of them the next day at 72p & then i invested the profits into PRU, BP, Marstons & TUI.