MUSINGS OF A NEWBIE

natsplatnat

Yes, you are both right.... 

Over thinker = definitely!!

I like to feel like I have made an 'informed choice' even if it all goes wrong later (you should see my sheets for choosing a horse to back for the Grand National.... although to be fair these studies tend to produce fair results most years!)

I have a plan for setting up my ISA (tick)

Day trading = just a bit of fun! Maybe a case of FOMO with all that is going on in the press + just a little bit of having some 'control'. Choosing a stock to trade short-term rather than a fund long-term. I know the long term investment is going to benefit me the most so I will take a deep breath, press pause on day-trading now and just keep an eye on my watch-list with interest (no harm in that right?).

Thrugelmir

natsplatnat said:

I like to feel like I have made an 'informed choice' even if it all goes wrong later (you should see my sheets for choosing a horse to back for the Grand National.... although to be fair these studies tend to produce fair results most years!)

 As I wrote on another thread the other day. It would take 20 years to look at the companies that make up the micro and smaller cap markets in Europe. If one spent a day doing due diligence on each. 

natsplatnat

Thrugelmir said:

As I wrote on another thread the other day. It would take 20 years to look at the companies that make up the micro and smaller cap markets in Europe. If one spent a day doing due diligence on each. 

I get this. But the idea of not feeling like I have made an informed decision just doesn't work in my head. Don't get me wrong I am probably not informed, but I like to feel like I am.

I like things to make sense; I will dig (and dig) until I understand (this applies to almost anything that grabs my attention and admittedly it can get annoying). At least with something like the GN I have a deadline!

It is almost like being un-informed is somehow worse than any potential outcome.... so if 'whatever it may be' fails at least I gave it my best shot rather than a reckless punt.

I know I am never going to actually be informed enough and that statistics can be skewd to almost any desired outcome.

Anyway, the above has probably exposed quite a bit about my personality (questionable over-analyser / control freak?) so I'm going to have a calming look over my financial spreadsheets and then head home.

Alexland

natsplatnat said:
Anyway, the above has probably exposed quite a bit about my personality 

As an investor you are often your own worst enemy. A few years ago there was some analysis that suggested some of the highest performing platform customers were deceased as unclaimed portfolios running on auto pilot do better than those being tinkered with by customers making classic behavioural errors.

natsplatnat

Alexland said:
As an investor you are often your own worst enemy. A few years ago there was some analysis that suggested some of the highest performing platform customers were deceased as unclaimed portfolios running on auto pilot do better than those being tinkered with by customers making classic behavioural errors.

Now I want to find and read that article! lol

Joking aside, I need to chillout and not be me when it comes to this investing business. I will set my DD up for my ISA and then pretty much treat it like my pension and forget about it....for a while at least. I know I cannot micro-manage it even if I wanted to. So that's that. 
Wealthify anyone?

Thrugelmir

natsplatnat said:

Thrugelmir said:

As I wrote on another thread the other day. It would take 20 years to look at the companies that make up the micro and smaller cap markets in Europe. If one spent a day doing due diligence on each. 

I get this. But the idea of not feeling like I have made an informed decision just doesn't work in my head. Don't get me wrong I am probably not informed, but I like to feel like I am.

I like things to make sense; I will dig (and dig) until I understand (this applies to almost anything that grabs my attention and admittedly it can get annoying). At least with something like the GN I have a deadline!

It is almost like being un-informed is somehow worse than any potential outcome.... so if 'whatever it may be' fails at least I gave it my best shot rather than a reckless punt.

I know I am never going to actually be informed enough and that statistics can be skewd to almost any desired outcome.

Anyway, the above has probably exposed quite a bit about my personality (questionable over-analyser / control freak?) so I'm going to have a calming look over my financial spreadsheets and then head home.

 Differentiate between the macro and micro. Identify a niche. Small retail investors do have opportunities. You'll need to find them for yourself though. In the less researched and popular echelons of the markets. Though I would caveat when it goes wrong the outcome can be painful. 

natsplatnat

Morning all you wonderful people - I have just one question today (I can literally hear you sigh with relief!)...

Would S&S ISA funds usually contain elements that would pay dividends?

cloud_dog

Ummm, that's a very broad and generic question.

Would a fund contain a holding that would produce dividends, possibly yes.  Would the fund distribute the dividends, yes and no.  It really depends on the focus of the fund and the intention of the fund (accrue dividends or pay them out).

If you want to know if a fund generates dividends/income, look at the 'yield' figure for the fund.  If the fund is an OEIC and it is an ACCumulation version the income will be retained.  If it is an INCome version the income will be paid out.

Thrugelmir

natsplatnat said:

Morning all you wonderful people - I have just one question today (I can literally hear you sigh with relief!)...

Would S&S ISA funds usually contain elements that would pay dividends?

Normally it's taken as a good indication that the company or fund is trading profitably.