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Lloyds Shares Continue the Nightmare or Sell

iglad
Posts: 222 Forumite


I have a fair number of shares with Lloyds ever since the TSB share issue. I intend to sell the shares come what may and put the money into better performing investments such as FS or LTG.
I know it pays a good dividend and a good amount of my total shares are from the dividend reinvested.
Should I keep or sell despite the failing share price?
I know it pays a good dividend and a good amount of my total shares are from the dividend reinvested.
Should I keep or sell despite the failing share price?
0
Comments
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Do you think the shares will perform better in the future than the better performing investments you intend to buy with the sale proceeds?
a) If you think they will perform better, then cancel your plan and just keep them.
b) If you think they won't perform better, then what's stopping you?
Presumably you have already decided what the answer is, hence you coming up with a plan to switch into better performing investments.0 -
What percentage are you down? If it isn't much of a hit you would surely be better taking a small loss and investing in a multi asset fund (Avoiding gambling on other individual shares.)Think first of your goal, then make it happen!0
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I have Lloyds shares which were originally my free Halifax ones.
They've lost about 80% in value from if I'd sold them as soon as I'd got them.
I will keep them forever as a constant reminder of what can happen to a share price and look forward to the occasional fiver as a dividendRetired 1st July 2021.
This is not investment advice.
Your money may go "down and up and down and up and down and up and down ... down and up and down and up and down and up and down ... I got all tricked up and came up to this thing, lookin' so fire hot, a twenty out of ten..."0 -
Wait until at least 29th August 2019 before you do anything. Not only is that date my birthday but it is also the deadline for PPI claims. As soon as 29th August is over there will be no more PPI claims which is the noose around Lloyds neck. Although I agree that every genuine claim should be paid - it will be a relief to finally put the PPI episode to an end. I think LLoyds shares will rise after 29th August. But they may also fall. It's a gamble but we at least know PPI and millions of pounds pouring out of LLoyds will end.
Hope this helps. I too am a Lloyds shareholder.0 -
Do you think the shares will perform better in the future than the better performing investments you intend to buy with the sale proceeds?
a) If you think they will perform better, then cancel your plan and just keep them.
b) If you think they won't perform better, then what's stopping you?
Presumably you have already decided what the answer is, hence you coming up with a plan to switch into better performing investments.
it's taken me a very long time to reach this moment but I cannot see them performing better at all anytime within the next 20 years, I have seen them hit the heady heights of £11 per share decades ago but alas that was many years ago. Once the market opens tomorrow they will be sold. Once these have gone that will be the end of all my individual shares, which really are a fools errand imho as it's best to invest in a find be it active or passive OEICS or Ince Trust. I a small investor like myself holding a few shares is a waste of time and money.0 -
barnstar2077 wrote: »What percentage are you down? If it isn't much of a hit you would surely be better taking a small loss and investing in a multi asset fund (Avoiding gambling on other individual shares.)
I intend to take the hit (whatever it is) and reinvest the money into one of the funds indicated in my OP. Then I am rid of all my individual share holdings.0 -
Wait until at least 29th August 2019 before you do anything. Not only is that date my birthday but it is also the deadline for PPI claims. As soon as 29th August is over there will be no more PPI claims which is the noose around Lloyds neck. Although I agree that every genuine claim should be paid - it will be a relief to finally put the PPI episode to an end. I think LLoyds shares will rise after 29th August. But they may also fall. It's a gamble but we at least know PPI and millions of pounds pouring out of LLoyds will end.
Hope this helps. I too am a Lloyds shareholder.0 -
Your Lloyds shares don't know or care how much they were once worth. Imagine instead of the shares you have the equivalent in cash. Would you use that cash to buy Lloyds shares tomorrow? If not then sell and buy something else.0
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