I need a 5%+ Dividend Yielding UK Share

sabretoothtigger

should end early next year. At that point, the portfolio will be liquidated

Buy after the market rose 12% in 4 month then give yourself 9 months to make a profit.
I hope those choices are good but you are running up hill on this one most likely

More standard terms would be hold over 5 years, scaling in or balancing for a couple years

I cancelled out short sells in Nov. I reckon on a similar rate that Dow back to 13300 would be ideal to buy though with only 6 stocks it has to be about them mostly I guess

marathonic

sabretoothtigger wrote: »

Buy after the market rose 12% in 4 month then give yourself 9 months to make a profit.
I hope those choices are good but you are running up hill on this one most likely

More standard terms would be hold over 5 years, scaling in or balancing for a couple years

I cancelled out short sells in Nov. I reckon on a similar rate that Dow back to 13300 would be ideal to buy though with only 6 stocks it has to be about them mostly I guess

You're taking that quote completely out of context.

The sole purpose of keeping the Interactive Brokers account open is to do monthly currency transfers which, due to personal circumstances, I need to do for the next 9-12 months.

The purpose of buying these shares is that, with a balance of over $2,000 in equities, my monthly inactivity commission reduces from $20 to $10.

Over a year, assuming the equities do not change in value, I'll be up $120 in saved commission costs. To put that another way, the $2,500 portfolio can drop almost 5% before I'm making a loss.

Should the value drop to the extent that I think they're severely undervalued next year when I close my Interactive Brokers account, I can just purchase those same shares, except a larger holding, in my ISA.

Reaper

I was a bit surprised by your eventual choices as they are a long way from your original objective. Apple seems to fit neither dividend nor growth criteria since it has been in steady decline since last September. I would suggest it is a share with more appeal to a speculator hoping to buy at the bottom rather than somebody who wanted a steady, dependable share.

Still, you sound happy with your selection so good luck to you.

marathonic

Reaper wrote: »

I was a bit surprised by your eventual choices as they are a long way from your original objective. Apple seems to fit neither dividend nor growth criteria since it has been in steady decline since last September. I would suggest it is a share with more appeal to a speculator hoping to buy at the bottom rather than somebody who wanted a steady, dependable share.

Still, you sound happy with your selection so good luck to you.

I agree that it's a complete U-Turn from the original post.

Originally, I was thinking about having dividends to cover the monthly commission but $120 commission would require a gross dividend of $141 (if invested in the US - given the 15% withholding tax).

Even at a 4% yield, that would require a $3,530 investment - additional money that would be better placed in an ISA.

For that reason, I'll just withhold some money for commissions when doing my monthly forex transaction and forget about the original requirement with regards to dividends.

Stability in the selections would be nice but, given the low value, not a necessity - stability would just avoid the need to add to the position to bring it back over $2,000 if necessary.

With regards to my other investments, I have:

£740 in a Tesco Cash ISA at 2.3% - opened this week to rebuild an emergency fund having just used all available cash to purchase a house. I'll be using my entire 2013/4 Cash ISA allowance of £5,760 to top this up to £6,500 (approaching 4 months pay).

£500 in a Fidelity Stocks & Shares ISA - opened this morning to take advantage of the Quidco £100 cashback. This is invested in UK-All Shares at a total expense ratio of 0.3% per year. That means that the Quidco cashback will cushion me against falls of up to 19.7%. When the Cash ISA is full, I'll be adding to the Stocks & Shares ISA (the money currently invested with Interactive Brokers will likely end up here).

Glen_Clark

simarks wrote: »

Vodafone are a safe bet, but if you don't want to touch your shares in a 10+ year period then I wouldn't invest in the stockmarket.

Old Warren Buffet only invests in shares he would be happy to keep for 10 years. If only he was as young as you and knew it all

Glen_Clark

talexuser wrote: »

Depends whether it is one of Woodford's contrarian periods, or whether his defensive stance pays off by end of year.

Young Woodford was selling Tesco when Old Buffet was buying. I went with the old Buffer and have't regretted it

sabretoothtigger

marathonic wrote: »

You're taking that quote completely out of context.

I can just purchase those same shares, except a larger holding, in my ISA.

Im sniping from the sidelines but Im using a potato gun its all upto you what is best anyway.
If you can just rebuy elsewhere that deflects my main point which was 9 month time frame is quite easily a problem

can drop almost 5% before I'm making a loss.

5% is really nothing, 20% is normal I'd guess we are still possibly unstable to that extent

Apple seems to fit neither dividend nor growth criteria

Depends what view you look at, WB would look at free cash flow or some measure; not whats on the AGM right now.
Apple has alot of cash and potential growth but Asia is not hot for them right now, its all a bit uncertain

I like the cashback tips, missed that thanks

merlingrey

Glen_Clark wrote: »

Young Woodford was selling Tesco when Old Buffet was buying. I went with the old Buffer and have't regretted it

Well it is a good company but IMO and in theory i think if he was a millionaire instead of a billionaire he'd had bought Sainsburys.

I mean he picked up a 5% stake in Tesco but it is 5x larger than Sainsbury's market cap so to have put the same money up he'd have had to buy 25-30% of Sainsbury's.

There's ZERO....ZERO chance that warren buffett can compete against a qatar royal family offer, i mean when they got in they was happy to buy in at about £6 a share for 25%.

grey_gym_sock

well, WB is not known for overpaying, but is known for buying up to 100% of a company. if he'd bought into sainsburys and there was a generous take-over bid, he could just take a big profit and move on ... so i imagine he either doesn't like sainsburys as much, or thinks it's too expensive at the current price.

merlingrey

grey_gym_sock wrote: »

well, WB is not known for overpaying, but is known for buying up to 100% of a company. if he'd bought into sainsburys and there was a generous take-over bid, he could just take a big profit and move on ... so i imagine he either doesn't like sainsburys as much, or thinks it's too expensive at the current price.

It's too small a company he'd had not even looked at it.

He only put a $2billion stake in tesco as a holding amongst his $100 billion, it's like a fraction of his portfolio he's not going to go "oh actually i think i'll stick $10 billion in a 100% takeover of sainsbury's instead"