ISHARES PLC FTSE UK DIVIDEND (IUKD)

AnotherJoe

carry_on_saving2 said:

This isn't a debate. What this goes back to is why do broker recommendations come in sell hold and buy flavours rather than just sell and buy. A rational investor ought not to hold somethingthey would not buy more of, if you would not buy more of it at the current price then you are saying you should sell it. Alas we humans are not rational creatures, and like to "hold what we have" 'leave it as it is" rather than think of terms of trading it in for something we would rather have.
That's it.
Bowlhead99 hasn't come back to me on my last post yet, seems to spend a lot of words.

On that basis you should keep buying something you like until it's 100% of your portfolio. 

What about stopping when something is at a high enough level for your risk tolerance or when you've run out of cash or other investments you wish to switch from?

carry_on_saving2

AnotherJoe said:

carry_on_saving2 said:

This isn't a debate. What this goes back to is why do broker recommendations come in sell hold and buy flavours rather than just sell and buy. A rational investor ought not to hold somethingthey would not buy more of, if you would not buy more of it at the current price then you are saying you should sell it. Alas we humans are not rational creatures, and like to "hold what we have" 'leave it as it is" rather than think of terms of trading it in for something we would rather have.
That's it.
Bowlhead99 hasn't come back to me on my last post yet, seems to spend a lot of words.

On that basis you should keep buying something you like until it's 100% of your portfolio. 

What about stopping when something is at a high enough level for your risk tolerance or when you've run out of cash or other investments you wish to switch from?

No that's not what I'm saying. I'm talking about at discrete points in time not over periods of time as circumstances change, i.e. if gilt yields shot up to 10% tomorrow I would probably switch almost 100% to gilts.

My point is that the discussion in previous posts wasn't a debate but a difference of understanding about seeing investing as rational vs acknowledging that the activity of investing can never be rational exclusively.

I have £100k IUKD, should I sell it and buy something else?
And
I have £100k cash, what investment should I buy?
Are the same question.

The discussion stemmed from a difference of understanding rather then of opinion, so it was not a debate.

AnotherJoe

carry_on_saving2 said:

AnotherJoe said:

carry_on_saving2 said:

This isn't a debate. What this goes back to is why do broker recommendations come in sell hold and buy flavours rather than just sell and buy. A rational investor ought not to hold somethingthey would not buy more of, if you would not buy more of it at the current price then you are saying you should sell it. Alas we humans are not rational creatures, and like to "hold what we have" 'leave it as it is" rather than think of terms of trading it in for something we would rather have.
That's it.
Bowlhead99 hasn't come back to me on my last post yet, seems to spend a lot of words.

On that basis you should keep buying something you like until it's 100% of your portfolio. 

What about stopping when something is at a high enough level for your risk tolerance or when you've run out of cash or other investments you wish to switch from?

No that's not what I'm saying. I'm talking about at discrete points in time not over periods of time as circumstances change, i.e. if gilt yields shot up to 10% tomorrow I would probably switch almost 100% to gilts.

My point is that the discussion in previous posts wasn't a debate but a difference of understanding about seeing investing as rational vs acknowledging that the activity of investing can never be rational exclusively.

I have £100k IUKD, should I sell it and buy something else?
And
I have £100k cash, what investment should I buy?
Are the same question.

The discussion stemmed from a difference of understanding rather then of opinion, so it was not a debate.

Not sure I agree with that latter point,  but in any any case the answers to the Q's above are "yes" and "not IUKD" respectively

Sailtheworld

carry_on_saving2 said:

AnotherJoe said:

carry_on_saving2 said:

This isn't a debate. What this goes back to is why do broker recommendations come in sell hold and buy flavours rather than just sell and buy. A rational investor ought not to hold somethingthey would not buy more of, if you would not buy more of it at the current price then you are saying you should sell it. Alas we humans are not rational creatures, and like to "hold what we have" 'leave it as it is" rather than think of terms of trading it in for something we would rather have.
That's it.
Bowlhead99 hasn't come back to me on my last post yet, seems to spend a lot of words.

On that basis you should keep buying something you like until it's 100% of your portfolio. 

What about stopping when something is at a high enough level for your risk tolerance or when you've run out of cash or other investments you wish to switch from?

I have £100k IUKD, should I sell it and buy something else?
And
I have £100k cash, what investment should I buy?
Are the same question.

The former is two questions; the latter is one question.

AnotherJoe

Sailtheworld said:

carry_on_saving2 said:

AnotherJoe said:

carry_on_saving2 said:

This isn't a debate. What this goes back to is why do broker recommendations come in sell hold and buy flavours rather than just sell and buy. A rational investor ought not to hold somethingthey would not buy more of, if you would not buy more of it at the current price then you are saying you should sell it. Alas we humans are not rational creatures, and like to "hold what we have" 'leave it as it is" rather than think of terms of trading it in for something we would rather have.
That's it.
Bowlhead99 hasn't come back to me on my last post yet, seems to spend a lot of words.

On that basis you should keep buying something you like until it's 100% of your portfolio. 

What about stopping when something is at a high enough level for your risk tolerance or when you've run out of cash or other investments you wish to switch from?

I have £100k IUKD, should I sell it and buy something else?
And
I have £100k cash, what investment should I buy?
Are the same question.

The former is two questions; the latter is one question.

Nope, the former is quite clearly just one question.