Lets talk about Lloyds shares...

Thumbs_Up

Been a dogs dinner for the last 15 years or so, brilliant from the day traders, not so for people like me. I was in at 63p. Won’t sell for another 10 years, I have a large wedge of money invested.

eskbanker

What was your expectation when piling 'a large wedge' into an individual equity, i.e. what was your view of the fundamentals, etc, and how did this one fit with the rest of your portfolio?

I have a small holding dating back to Halifax windfall days but not significant enough to pay any serious attention to its prospects....

Thumbs_Up

eskbanker said:

What was your expectation when piling 'a large wedge' into an individual equity, i.e. what was your view of the fundamentals, etc, and how did this one fit with the rest of your portfolio?

I have a small holding dating back to Halifax windfall days but not significant enough to pay any serious attention to its prospects....

Wasn’t a case of “expectation”. I had no responsibility’s, mortgage payed off, salary money going to a works pension, no expensive toys to maintain.

So what to do with money building up in a crappy savings account. As a newbie Lloyds seem to me just as good as any others shares at that moment in time. You say “piling” when in fact it was a case of dividend re-investment.

My other investments were Oil and mineral company investments. (retrospect-investment funds would have been wiser)

I have simple pleasures and views in life, when I get to a certain age just support myself and attempt to leave nothing to the state.

t1redmonkey

Aren't analysts predicting the Lloyds share price should go up with all of these interest rate rises in the pipeline?

eskbanker

Thumbs_Up said:
You say “piling” when in fact it was a case of dividend re-investment.

Dividend reinvestment may make a large wedge slightly larger, but if you have a large wedge in Lloyds then not much of it will have originated from dividends, unless you were reinvesting dividends from elsewhere, so the reasonable inference from your post was that you made a large one-off purchase (aka piling in) at 63p?  Lloyds dividend payment history over those 15 years was fairly patchy too. 

Thumbs_Up said:
So what to do with money building up in a crappy savings account. As a newbie Lloyds seem to me just as good as any others shares at that moment in time. [...]

My other investments were Oil and mineral company investments. (retrospect-investment funds would have been wiser)

Hindsight is always 20/20 but the steer offered consistently on here is that diversification is key to investing, so plucking out individual shares without really having a rationale is rash, and so using collective products like funds is a much safer bet for covering an adequate range of sectors, geographies, etc.

MX5huggy

You’ve been coy about the value today. But if I gave you that £5k or whatever it’s would you buy Lloyds shares? if the answer is no sell now and buy what you would buy. 

Thumbs_Up

t1redmonkey said:

Aren't analysts predicting the Lloyds share price should go up with all of these interest rate rises in the pipeline?

Take my advice, don’t buy in to that. Like I said Lloyds is a day traders dream. Always seems doom and gloom on the horizon.

Thumbs_Up

eskbanker said:

Thumbs_Up said:
You say “piling” when in fact it was a case of dividend re-investment.

Dividend reinvestment may make a large wedge slightly larger, but if you have a large wedge in Lloyds then not much of it will have originated from dividends, unless you were reinvesting dividends from elsewhere, so the reasonable inference from your post was that you made a large one-off purchase (aka piling in) at 63p?  Lloyds dividend payment history over those 15 years was fairly patchy too. 

I should have mentioned it’s invested via an ISA so £20k a throw. Yes, dividends were a bit patchy.

eskbanker said:

Hindsight is always 20/20 but the steer offered consistently on here is that diversification is key to investing, so plucking out individual shares without really having a rationale is rash,

I can’t have a robust conversation about that because you are correct. As for being "rash", well, sometimes in life you have to roll the dice.

Like I said 10 years from now I will very likely sell up. Who knows, “this time next year I could be a millionaire”

Thumbs_Up

MX5huggy said:

You’ve been coy about the value today. But if I gave you that £5k or whatever it’s would you buy Lloyds shares? if the answer is no sell now and buy what you would buy. 

The shares were up about 2% yesterday and about 1.5% this morning - Now dropped by 2%.

No, i won't buy anymore shares, in fact i'm getting to that age in life where i will never buy shares again.

eskbanker

Thumbs_Up said:
Who knows, “this time next year I could be a millionaire”

Especially if you currently have £2m worth of Lloyds shares....

ranciduk

Am I missing something today?

i check the price everyday and today, normally it would say the price is 0.48p

But to day it’s saying it’s 4,824.50 GBX 

Up  9,745.92% !?

I don’t understand