RE: How is this only £2.59 ?18 Apr 2022 10:18
Hi Thronegames,
Fair question. Having thought about it I intend to sell most of my MNG, PHNX and DLG next week whilst I am still well in profit even after the last divi, cash option.
I think it’s better to be in some cash through the summer.
I have other stocks that offer yield e.g. SYNT goes x on 1st June and will pay me around 10% and also CMCX which will pay me around 11% and is now recovering as the market imo got it wrong.
My commodity divi payers are also worth holding atm and I will keep the quarterly income stocks as the quarterly divi seems to smooth the SP a little more but as always everything is constantly up for review.
Having some cash cover over the summer is now my preferred option. Given the SP weakness which seems to be insurance sector wide it makes them the obvious candidates as the first to sell.
One can always buy back in if there is a sudden dip and in time for the August xd dates.
Whilst inflation erodes cash it doesn’t do as good a job as SP erosion!
If you look at the charts of many individual stocks, hold and hug doesn’t always pay. Especially smaller caps where I spend more of my time. I have found that applying a similar more active investment approach to larger caps has been worthwhile. With better stock liquidity and the option to time dividends one can improve one’s SP average and/or slice profits much more easily especially with the tighter spreads.
As a frequent trader I only pay £3.99 a trade. It’s the tax that is the most expensive part so one has to factor that in but obviously that is not such a factor on AIM.
Good luck with your investments
Usual caveats
Trek
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