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Santa Rally?

1235

Comments

  • quirkydeptless
    quirkydeptless Posts: 1,225 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 29 December 2020 at 10:25AM
    Alexland said:
    Yeah the UK market still seems to be doing better than global tracker ETFs today. Feel a bit guilty turning up to the 'UK bias party' very late with CTY up nearly 3% today and taking someone else's recovery.
    Why the guilt? You took a risk and it paid off  B)
    Well at least for now.
    A Brexit no deal outcome could have seen you nursing -3% Today

    Retired 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..."
  • Alexland
    Alexland Posts: 10,245 Forumite
    Eighth Anniversary 10,000 Posts Photogenic Name Dropper
    edited 29 December 2020 at 10:58AM
    quirkydeptless said:
    A Brexit no deal outcome could have seen you nursing -3% Today
    That's why I went for an IT in ISAs as at least it would still give the smoothed 5%+ income which is a very nice thing to have supporting my family's financial security until we can access our Pensions and LISAs in a few decades time. I figured you couldn't buy anything more obviously British for the recovery than CTY.
  • moneyfoolish
    moneyfoolish Posts: 681 Forumite
    Part of the Furniture 500 Posts Name Dropper
    quirkydeptless said:
    Trump gone. Check!
    Brexit deal done. Check!
    Covid Vaccines at the ready. Check!
    You make me feel like bouncing
    I gonna to bounce the night away
    You make me feel like bouncing
    I'm gonna bounce the night away
    You make feel like bouncing
    I feel like bouncing, bouncing
    bounce the night away
    I feel like bouncing, bouncing...



    Huge worldwide debt mountain. Check!
  • csgohan4
    csgohan4 Posts: 10,600 Forumite
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    edited 29 December 2020 at 11:32AM
    Alexland said:
    quirkydeptless said:
    A Brexit no deal outcome could have seen you nursing -3% Today
    That's why I went for an IT in ISAs as at least it would still give the smoothed 5%+ income which is a very nice thing to have supporting my family's financial security until we can access our Pensions and LISAs in a few decades time. I figured you couldn't buy anything more obviously British for the recovery than CTY.
    CTY has done remarkable well and has beaten some of the passive index trackers, certainly something I will be holding as I decumulate for an income stream towards retirement age. 

    On a side note, has the dead cat finished bouncing? Probably
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • Apodemus
    Apodemus Posts: 3,410 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    edited 29 December 2020 at 11:52AM
    Alexland said:
    CTY has done remarkable well and has beaten some of the passive index trackers, certainly something I will be holding as I decumulate for an income stream towards retirement age. 

    CTY has indeed done well, but LWDB (which fills a similar niche) has done even better. I've had similar sums in each since early November and in that time CTY is up 18%, while LWDB is up 36% - helped perhaps by its holding in Ceres, but held back by having GSK as its biggest holding.
  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    Apodemus said:
    Alexland said:
    CTY has done remarkable well and has beaten some of the passive index trackers, certainly something I will be holding as I decumulate for an income stream towards retirement age. 

    CTY has indeed done well, but LWDB (which fills a similar niche) has done even better. I've had similar sums in each since early November and in that time CTY is up 18%, while LWDB is up 36% - helped perhaps by its holding in Ceres, but held back by having GSK as its biggest holding.
    The dividend yield is less and noted more growth than income for this IT. Personal preference
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • Alexland
    Alexland Posts: 10,245 Forumite
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    Now we have paid the stamp duty on CTY its probably a keeper. LWDB is an interesting mix where the professional services arm is 15% of the capital but 40% of the income so the fund manager can run an income IT without needing to buy tobacco companies.
  • Prism
    Prism Posts: 3,852 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Alexland said:
    Yeah the UK market still seems to be doing better than global tracker ETFs today. Feel a bit guilty turning up to the 'UK bias party' very late with CTY up nearly 3% today and taking someone else's recovery.
    I went for the other end of the scale to CTY with my make or break UK Investment choice of the year - private equity with CHRY. People panicked and sold it at less than 80p so I decided to take the risk on. Somebody must be feeling disappointed with their choice.
  • Apodemus
    Apodemus Posts: 3,410 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    CHRY looks an interesting choice and you must be sitting on a nice profit there!  Beyond my risk-level for a long-term holding though!
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