Critique my Investment plan

Bazofts_Revenge

A_Flock_Of_Sheep wrote: »

1. I don't profess to be "smart" but in relation to what I have read and seen on here this does not seem smart. Please tell me where I boast to be "smart"? Perhaps I am wrong? Do you think this is smart?

2. I don't deny I have lots to learn and don't profess to be an expert. Where have I said I am an expert or have expertise here?

3. I have no thoughts of trolling. Simply offering a view like anyone else. Are you saying I am not allowed to do that then? If you don't like what I say please feel free to place me on ignore. I don't care if you do. Honest.

Ohh and sorry I spoke.

I don't mind you questioning what I do? I believe we are learning from the whole exercise. I've not fully understood bonds and have been very wary of them. I learnt a bit from some the Bond Bubble threads but I still aren't interested enough in them. As for funds there is no real fun in them. There are a few companies I despise and although it is illogical when it comes to making money I don't want to be financially linked to any of them in funds I won't really have a choice.

Bazofts_Revenge

brasso wrote: »

I don't have a view on those companies in particular, but I do think it's odd that you've chosen to invest all your cash in pretty much one type of investment in one market over such a long period.

Why wouldn't you want to diversify?

The spread of companies is pretty well diversified, If I put money in UK income bearing funds or bonds I could well be investing in the same companies. I have a good index linked pension which at todays rates will payout approximately £12k when I retire. I also have approximately £1000 excess cash to play with each month once the bills are paid. I have a good foundation with what I have created so far. As I learn I will diversify sometimes by choice, some others will be forced on me by takeovers or companies going bust.

Thanks for reading and taking an interest.

Bazofts_Revenge

In a Quandary with Tullet Prebon. I bought a small slice of them as part of my ISA for this year. I got £1000 worth and they have made a fantastic £445 gain (+£44.10 dividend). Trying to decide whether this is a flash in the pan and I should withdraw my £1000 and effectively leave myself with some free shares and try and find either another undervalued share with a good dividend. I've not added anything to my portfolio for 2 months as a few of lifes unexpected bills came by. Well to be honest it wasn't my bill but I wasn't having my son pay out £1400 + 27% due to paying in installments for car insurance.

Anyway I digress any thoughts on Tullet Prebon?

Bazofts_Revenge

As with my Previous post I was in a similar Quandary with National Express. They have done pretty well lately leaving me with a 25% gain. One company I have been wanting to top up on lately is Catlin and I felt the drop in Esure shares value was a bit over the top. I decided to keep my profit in National Express but take out my original stake. This has left me with £500 worth of NE shares. My £2000 original stake has been split equally between the Catlin and Esure. As for my previous quandary I did sell off sufficient shares from Tullet Prebon to get back my original stake and leave my with a nice clump of free shares. Unfortunately I put my original stake in to some Construction shares and they've not fared so well but better than they would if I'd left it in Tullet Prebon.

A_Flock_Of_Sheep

My latest acquisition has been James Fisher & Sons - two weeks ago and Catlin Group like yourself. Also Three weeks ago Rexam.

Bazofts_Revenge

James Fisher looks like a company I would be interested in if theres a drop in the market. They've had a good couple of years share price wise. The profits and dividends have risen pretty well over the the last 4 or 5 years. Thanks for pointing that one out.

Bazofts_Revenge

Life seems to be getting in the way of major new investments at the moment. Had to help out a relative so cashed in nearly 8k of shares 2 of which had made reasonable profits Glaxosmithkline SSE and one that was just in profit Direct line. GSK has seen a fall of 10% since I sold and SSE and Direct line are about the same. I've always liked Eddie Stobart but I am astounded that by sheer luck I'm sitting on nearly 50% profit in just 3 months. After reading these forums for a while I've decided to add a bit of variation and started adding funds into the mix. I'm drip feeding £50 a month into Aberdeen Global Technology. I used to invest in its predecessor years ago but had to sell whilst it was owned by New star or Henderson. I may put some money into the Henderson Global Growth fund (which is what Aberdeen Global Technology was rebranded as). Whilst having common roots their share portfolios are very different.

Bazofts_Revenge

After the announcements by Labour about fuel prices and for other factors SSE had dropped by 10% since I sold them 17 days ago. I have decided that the 49% gain I had made in Eddie Stobart was too good to pass by and sold enough stock to remove my initial investment leaving me with 371 shares (worth £461) which have cost me nothing and £47.44 worth of dividends (reinvested elsewhere). The £1000 I had released from the stobart sale has been lumped in with £280 worth of dividends which were sat on account and reinvested in SSE. Hopefully when the so called price freeze has gone away I'll see a nice rise in prices.

Gareth1989

Bazofts_Revenge wrote: »

After the announcements by Labour about fuel prices and for other factors SSE had dropped by 10% since I sold them 17 days ago. I have decided that the 49% gain I had made in Eddie Stobart was too good to pass by and sold enough stock to remove my initial investment leaving me with 371 shares (worth £461) which have cost me nothing and £47.44 worth of dividends (reinvested elsewhere). The £1000 I had released from the stobart sale has been lumped in with £280 worth of dividends which were sat on account and reinvested in SSE. Hopefully when the so called price freeze has gone away I'll see a nice rise in prices.

Nice work. The price freeze talk has provided an opportunity to take a position in a couple of energy companies and you have done right to invest in SSE.

The price freeze is relying on 1) Labour actually coming to power and 2) getting the motion passed. I think 1 is unlikely and 2 even more so, especially with energy companies threatening to quit the UK and turn the lights out if Ed's plans come to fruition.

On a separate note, I also think I saw you talk about not wanting to be invested in Tobacco companies or Tesco. I get the Tobbaco thing (although I'd still invest in the excellent performing BATS and Imperial Tobacco), but I think as a general comment you need to be emotionless in investing. If the company has a good competitive advantage, grows profits consistantly and shares the cash with investors in the form of dividends, then that's what matters. Financially speaking.

Bazofts_Revenge

I've done a number of changes to my portfolio since I last posted. I decided today that Vodaphone had crept up sufficient and that a 40% capital plus a reasonable dividend I got a few weeks ago was a good enough return. I have been contemplating getting rid for a while but it was the prospect of the verizon deal that kept me interested. I believe the value of that deal is within the current price. I don't really hold much faith in them, Their shops are usually empty, I don't like their pushy staff and I feel they aren't investing in their infrastructure as well as some other big players. I have placed the money into United Utilities. Not an exciting share but they have steadily grown their dividend recently and the share price had dropped quite a bit so hopefully that will give me a nice return. I decided last month to invest in some funds and initially chose Aberdeen Technology, This month I am also investing in Henderson Global Growth and I've also gone for Jupiters undervalued Assets fund too. Not really putting massive amounts in these just £50 a month in each but it is spreading my bets so to speak in more global markets. I really need to get back into some proper investments instead of spending money on the house and holidays.