The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
MT, worth checking out the link I gave, it's one of the shortcomings mentioned within it and why I dont see me holding particularly long term, they don't have enough skin in the game and I see it's one of the constant complaints of the bb, I suppose there's a chance they might buy now sellers have (supposedly) gone.
I think it's one Riddler might have been buying on the sly around here
Hope it goes well MT.
Bought some TLY shares this morning, not a company I would rate as a long term buy and I'm not completely confident, but shenigans of Harrisons selling and now completely out has left them with an mcap around £8m with the same amount of cash in the bank, it's settled around the 13 mark recently so my stop loss is fairly tight. It was given a decent analysis in December here:
https://cube.investments/totally-tly-undervalued-healthy-cash-collection-and-profits/
fook me, yeah I looked (only looked) at mtfb at 4.95 then went out thinking yeah it'll probably bounce but step away from the keyboard, didn't expect a bagger , no idea how easy it was to buy at the time
Me PETS shout at 125 going well, got a LOT in there
Hey BB, I remember last Xmas comp well :)
wsg was the (only) share that I fell in love with 4/5 yrs ago when I'd first started +10k to -10k before I finally woke up to the crock of 5hit and got rid. Been trading it periodically since (cos I'm stubborn and can't leave it behind) and reduced it to a £2k loss, annoying thing is I sold that Xmas one waaay too early and only got about 30% of it ffs
Mosh, I state the same advice every time a newbie asks - get yourself a copy of The Naked Trader on ebay, imo the shares you are looking at are crap penny shares and as a newbie no good for the long term (short term can be fine at the gutter end if you are extremely confident, know what you're doing, prepared to realise a loss, and don't mind losing 5% and over on the spread straight away).
You wont make a fortune very quickly buying the 'good' shares The Naked Trader (Robbie Burns) would buy, but equally you won't lose your £10k straight away with nothing left to invest. Believe me, I've been there as a newbie - went from a £10k easy profit to a £15k loss by thinking I had it cracked, since I found out where I was going wrong I've made a profit every year for the last 4 and back to that £10k profit (caveat emptor it's been a bull market and I've still made mistakes), you need to build some experience imo or the market will just take your money.
MT, haven't followed CLNR but if you still want 4 for a get out or slice it wouldn't surprise me to see you get a 2nd chance first thing Monday, countless times seen bbs talk themselves into a buy first thing the day after a spike and gets a renewed surge before falling back. I suspect you'd have to be quick though, just my opinion
Hope no-one bought PETS yet on my poor tip, I sold as soon as it started slipping back to 150 as I had a lot in there but I did make a bit of profit. Not much of a chartist but maybe it's retesting 130 where it broke out from and I might try again there, although I notice some shorters remain a stubborn hold (Blackrock have gone and could be the smart ones)
One of my mindsets I occasionally find useful, if I'm thinking F*** me this is crazy (up or down big spikes) then thats the time to think about selling or buying, when Infa got to around 2 on 2 or 3 days of big spikes I was thinking F*** me this is crazy ! If it's gone too crazy then it probably is !
Balman, pretty sad that we're still thinking about shares even in our sleep, strangely enough I'd woken from slumber the other day thinking I'd be buying OPP for 16, to see it at 18 was enough to have me speculating that what if premonition....
On the buck side my Investegate bookmark always had Nanoco as the top historic rns on the page and wondered if fate was trying to tell me something, however when I researched it it went in my junk box I'm afraid to say
MT, lovely story about the sipp for your girls, I can already imagine them in tears when they find out in the future. What funds are they invested in might I ask ? My sipp has done fantastically well through the years investing long term in microcap funds (over £50m mcap), I think they have more room for growth over the long term, my own personal favourite has been Marlborough Microcap Growth (run by Giles Hargreave) as they spread the risk across many shares and it's done really well over the years, and the new fund they started a couple of years ago Nanocap growth (50% up in 4 years), I know Smithson is highly rated too, and Lindsell Train too has done well for me.
I believe there is always room for a smallcap fund in a fund portfolio as they have more room for growth over the long term but might be a better investment once we've had (or better still coming out of) a bear market whenever that might be ('time in the market' not 'timing the market' !)