Shares purchased as pandemic arrived and what happened to them ?

Malthusian

boingy said:

I can only speak from personal experience but sometimes I find that my Portfolio Manager and my Wealth Manager can't agree so I joined this forum to seek the views of mostly unqualified random strangers. 

When my Portfolio Manager and Wealth Manager don't agree, I get them to have a naked mud wrestling match and go with whoever wins.
Hey, they gotta eat and I gotta spend all the income from my massive property portfolio somehow.

Richard1212

jimjames said:

wmb194 said:

Richard1212 said:

I'm interested to know if anyone bought shares with a view to a rise because of the pandemic and all the restrictions associated with it.

 I increased my Ocado and Amazon shares from the many I have held for 10 years or so. My portfolio manager then suggested other supermarkets that deliver ; and buying Netflix for those who would binge on films during pandemic; as well as finance, outsourcing, real estate and pharmaceuticals ( though I have successfully had a great many AZ shares for many years)----and I duly agreed to him adding some examples within each of those sectors to my portfolio ( except real estate , as I have owned and rented out a number of properties for years and do not include their income in my shares' portfolio). My Wealth Manager joined in and suggested Microsoft Corp, with a view to a large numbers of people likely to work from home----and mainly due to Microsoft Cloud Computing Platform----and I bought 200 shares at about $90.

With the pandemic's special link with share prices now largely gone, I look back at what happened to my shares since 2019 to present week in 2023. They all "worked" pretty well but some turned out to be short-term only. For example, as pandemic ended , Netflix fell and I pulled out with a modest loss. The rest did pretty well and most of them have been retained, though I cut out Tesco, Waitrose and Asda shares, whilst maintaining my abiding loyalty to Ocado which has been good for me since it was first floated years ago.

But the jewel in the crown was most definitely Microsoft Corp, where my original investment of $19,500 now stands around $67,000 for the same 200 original shares. 

I wonder if anyone has similar experiences to share, investors who broke the "rule" of buying shares for long-term gain and, instead, looked for a few years' investment just for the duration of the pandemic ? Who won, who lost ? And how many companies' shares have you kept post-pandemic as they turned out to be more than a short-term punt. Thx.  

Waitrose and Asda? I'd be interested to know how you managed that.

Probably sums up the accuracy of the rest of the stuff he writes but interesting to have it now proven beyond doubt!

It's no surprise that posters like me, with a great many shares and property investments , throw in wrong examples when we have so much managed by experts. And I can't be expected to look up all my statements and records before posting on this friendly site. All I remembered was my portfolio manager telling me, post-pandemic, that the shares in supermarket and other retail "deliverers" should be sold ----and I accepted the advice, except for Ocado which I doubt I will ever sell. Throwing in names like Waitrose and Asda merely illustrate how much I rely on my managers and, when it comes to referring to companies in a split second, how I just throw out the first names of such " delivery" companies that come into my mind. There is nothing sinister , no fodder for the critics, when someone just tries to give examples off the cuff and makes a mistake. Without taking 30 minutes every time I contribute a single post about my shares, etc, anyone is allowed ( on a reasonable site) to make errors. In my original post, I merely looked up my records for Microsoft Corp and then "winged " my way very speedily through the rest of the post in order to save valuable time, as I cannot sit here on this forum for more than 20-30 minutes per day or two although many others seem to be able to spend all day here. If you choose to scoff at errors, that's OK with me -----I make contributions on  this forum purely to provide help to those appreciate it and to add the perspective of someone with wealth , from which others might benefit ( and have told me by PM that they do). I really do not understand the vitriol shown by certain posters on this forum.

Prism

Richard1212 said:

 My Wealth Manager joined in and suggested Microsoft Corp, with a view to a large numbers of people likely to work from home----and mainly due to Microsoft Cloud Computing Platform----and I bought 200 shares at about $90. 

The lowest that Microsoft traded at during the pandemic was $132, so well done picking them up at a discount. Probably your wealth manager getting off book prices for you.

EthicsGradient

Richard1212 said:

jimjames said:

wmb194 said:

Richard1212 said:

I'm interested to know if anyone bought shares with a view to a rise because of the pandemic and all the restrictions associated with it.

 I increased my Ocado and Amazon shares from the many I have held for 10 years or so. My portfolio manager then suggested other supermarkets that deliver ; and buying Netflix for those who would binge on films during pandemic; as well as finance, outsourcing, real estate and pharmaceuticals ( though I have successfully had a great many AZ shares for many years)----and I duly agreed to him adding some examples within each of those sectors to my portfolio ( except real estate , as I have owned and rented out a number of properties for years and do not include their income in my shares' portfolio). My Wealth Manager joined in and suggested Microsoft Corp, with a view to a large numbers of people likely to work from home----and mainly due to Microsoft Cloud Computing Platform----and I bought 200 shares at about $90.

With the pandemic's special link with share prices now largely gone, I look back at what happened to my shares since 2019 to present week in 2023. They all "worked" pretty well but some turned out to be short-term only. For example, as pandemic ended , Netflix fell and I pulled out with a modest loss. The rest did pretty well and most of them have been retained, though I cut out Tesco, Waitrose and Asda shares, whilst maintaining my abiding loyalty to Ocado which has been good for me since it was first floated years ago.

But the jewel in the crown was most definitely Microsoft Corp, where my original investment of $19,500 now stands around $67,000 for the same 200 original shares. 

I wonder if anyone has similar experiences to share, investors who broke the "rule" of buying shares for long-term gain and, instead, looked for a few years' investment just for the duration of the pandemic ? Who won, who lost ? And how many companies' shares have you kept post-pandemic as they turned out to be more than a short-term punt. Thx.  

Waitrose and Asda? I'd be interested to know how you managed that.

Probably sums up the accuracy of the rest of the stuff he writes but interesting to have it now proven beyond doubt!

It's no surprise that posters like me, with a great many shares and property investments , throw in wrong examples when we have so much managed by experts. And I can't be expected to look up all my statements and records before posting on this friendly site. All I remembered was my portfolio manager telling me, post-pandemic, that the shares in supermarket and other retail "deliverers" should be sold ----and I accepted the advice, except for Ocado which I doubt I will ever sell. Throwing in names like Waitrose and Asda merely illustrate how much I rely on my managers and, when it comes to referring to companies in a split second, how I just throw out the first names of such " delivery" companies that come into my mind. There is nothing sinister , no fodder for the critics, when someone just tries to give examples off the cuff and makes a mistake. Without taking 30 minutes every time I contribute a single post about my shares, etc, anyone is allowed ( on a reasonable site) to make errors. In my original post, I merely looked up my records for Microsoft Corp and then "winged " my way very speedily through the rest of the post in order to save valuable time, as I cannot sit here on this forum for more than 20-30 minutes per day or two although many others seem to be able to spend all day here. If you choose to scoff at errors, that's OK with me -----I make contributions on  this forum purely to provide help to those appreciate it and to add the perspective of someone with wealth , from which others might benefit ( and have told me by PM that they do). I really do not understand the vitriol shown by certain posters on this forum.

Laughing out loud (did you know that there's a 10 character minimum for posts?)

boingy

Richard1212 said:

 I really do not understand the vitriol shown by certain posters on this forum.

I'm not seeing much vitriol but I am seeing a pattern where you regularly get called out on inaccuracies and untruths. That's the trouble with making stuff up on the Internet - you tend to get found out. You should probably be flattered that people care enough to check your claims. 

Richard1212

lawisadrift said:

i meant you can't buy either of those companies!

See ??? You made a silly mistake in your postings but I'm not scoffing at you. I wish this was friendlier and more tolerant forum. It's sad.

flaneurs_lobster

Richard1212 said:

lawisadrift said:

i meant you can't buy either of those companies!

See ??? You made a silly mistake in your postings but I'm not scoffing at you. I wish this was friendlier and more tolerant forum. It's sad.

It wasn't a "silly mistake", it was a typo.

As opposed to just making stuff up.

Richard1212

Prism said:

Richard1212 said:

 My Wealth Manager joined in and suggested Microsoft Corp, with a view to a large numbers of people likely to work from home----and mainly due to Microsoft Cloud Computing Platform----and I bought 200 shares at about $90. 

The lowest that Microsoft traded at during the pandemic was $132, so well done picking them up at a discount. Probably your wealth manager getting off book prices for you.

I have checked my records, something I really don't have time to do usually on this forum, and I find that my 200 MC shares were indeed purchased for $97.5 in February 2019. And I have indeed made a profit of $47,500 at start of august this year. I can't alter the figures which I have checked twice !!!!  I hope this helps you ---but why do I think it won't ??????????

Richard1212

flaneurs_lobster said:

Richard1212 said:

lawisadrift said:

i meant you can't buy either of those companies!

See ??? You made a silly mistake in your postings but I'm not scoffing at you. I wish this was friendlier and more tolerant forum. It's sad.

It wasn't a "silly mistake", it was a typo.

As opposed to just making stuff up.

Ah, I see.....a mistake is not a mistake when it is a typo. Thx. And the post in question doesn't look like a typo--it looks like someone posting the wrong info. But , hey-ho, chacun a son gout ( or shacun son gout if you want a REAL typo).

EthicsGradient

Richard1212 said:

Prism said:

Richard1212 said:

 My Wealth Manager joined in and suggested Microsoft Corp, with a view to a large numbers of people likely to work from home----and mainly due to Microsoft Cloud Computing Platform----and I bought 200 shares at about $90. 

The lowest that Microsoft traded at during the pandemic was $132, so well done picking them up at a discount. Probably your wealth manager getting off book prices for you.

I have checked my records, something I really don't have time to do usually on this forum, and I find that my 200 MC shares were indeed purchased for $97.5 in February 2019. And I have indeed made a profit of $47,500 at start of august this year. I can't alter the figures which I have checked twice !!!!  I hope this helps you ---but why do I think it won't ??????????

A Wealth Manager who predicted the pandemic a year before it started! Now that's a contact worth having ... That is, assuming he hasn't been telling you he was buying Asda and Waitrose shares on your behalf, while really diverting your millions into his offshore account ...