Shares purchased as pandemic arrived and what happened to them ?

Prism

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 ??????????

Feb 2019? I thought this was a post about pandemic based performance, which occured throughout 2020. A year earlier Microsft shares were trading at around $105 in the February, so based on todays price (plus dividends) that is a nice return. Not sure if its that relevant to your original point though.

No need for a wealth manager to recommend a long term holding in Microsoft as the worlds second largest listed company and biggest cloud provider. Many of us will have around a 3% exposure to them.

Richard1212

boingy said:

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. 

Strange, but I see a lot of vitriol. I recently saw a thread from a lady living alone who was very scared of burglars ---and being hounded off this forum by snide comments about her and a lot of vitriol.

 And who are you to call me a liar when I have so little time to spare for this happy forum that I sometimes rush out my posts without going through spreadsheets and portfolio manager's reports ? Yes, I'd be flattered if I thought forum members spending all day on this forum were checking my details in order to be helpful, but you know as well as I do that do it for a very different reason, simply because they enjoy pouncing on errors from a genuine poster who has done nothing wrong except having so little time to check all data before posting but just hopes to get the gist over to those who may be interested and those who it might help.

I hope you will withdraw the suggestion that I am a liar ( which I find offensive even though you try and escape a ban by using the word "untruth"). I am happy to be accused of making inaccuracies---don't we all sometimes, perhaps especially me who has so little time on this forum and who has so many shares, properties, savings, pensions, collectibles , etc  ( and , believe me, YOU would run into the same difficulties if you had so many investments and financial complexities ).

Richard1212

EthicsGradient said:

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 ...

I think you miss the point. Though those particular 200 shares were bought just prior to pandemic, I was posting an article which tried to link the vast increases in profits DUE to the pandemic------and it was during the pandemic that my main profits were made. As if you are vaguely interested.........

Prism

I bought a couple of investment trusts during the lows of the pandemic, both of which had moved to nice discounts. GRID, a battery storage trust and Tritax big box, a logistics REIT. I made about 40% on Tritax over the next 7 months or so and then sold out. I have kept GRID since then. It has been as high as a 100% return plus dividends each year but is currently 30% up after this years fall.

I didn't make any big changes in equity allocation as I was already in a good place to capture the gains.

EthicsGradient

Richard1212 said:

EthicsGradient said:

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 ...

I think you miss the point. Though those particular 200 shares were bought just prior to pandemic, I was posting an article which tried to link the vast increases in profits DUE to the pandemic------and it was during the pandemic that my main profits were made. As if you are vaguely interested.........

The point was you 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."
So this "Wealth Manager" predicted, in Feb 2019, that a pandemic would mean many people working from home. According to your own words. Are you now saying we should ignore your claims of who advised you, when, and why, and just take it as "if you owned Microsoft from before the pandemic, you'll have made an excellent profit by now?" 

DeLaSole

Richard1212 said:

EthicsGradient said:

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 ...

I think you miss the point. Though those particular 200 shares were bought just prior to pandemic, I was posting an article which tried to link the vast increases in profits DUE to the pandemic------and it was during the pandemic that my main profits were made. As if you are vaguely interested.........

Hi Richard,

In your first post, you provided the context to your Microsoft share purchase as following a Wealth Manager's thoughts on the pandemic. As the pandemic had not yet occurred when you say your shares were purchased (February 2019), only Doc Brown Wealth Managment could therefore have achieved such a result for a client.

Best wishes.

Middle_of_the_Road

Maybe this thread should be locked, as it can only deteriorate if this continues. If Richard has indeed made these investment gains, I am happy for him, and see no need for the interrogation, however inaccurate the details may appear to be. I will admit, I did question some of his figures relating to property purchase and rental yields in another thread. That doesn't necessarily indicate insincerity, however inaccurate it may have been.

Richard1212

EthicsGradient said:

Richard1212 said:

EthicsGradient said:

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 ...

I think you miss the point. Though those particular 200 shares were bought just prior to pandemic, I was posting an article which tried to link the vast increases in profits DUE to the pandemic------and it was during the pandemic that my main profits were made. As if you are vaguely interested.........

The point was you 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."
So this "Wealth Manager" predicted, in Feb 2019, that a pandemic would mean many people working from home. According to your own words. Are you now saying we should ignore your claims of who advised you, when, and why, and just take it as "if you owned Microsoft from before the pandemic, you'll have made an excellent profit by now?" 

No, I'm just saying my large profit was mainly due to the pandemic. It so happens that the Microsoft Cloud Computing Platform helped people work from home, but of course that was just luck.

Richard1212

Middle_of_the_Road said:

Maybe this thread should be locked, as it can only deteriorate if this continues. If Richard has indeed made these investment gains, I am happy for him, and see no need for the interrogation, however inaccurate the details may appear to be. I will admit, I did question some of his figures relating to property purchase and rental yields in another thread. That doesn't necessarily indicate insincerity, however inaccurate it may have been.

May I take this opportunity to thank you, MOTR. My posts are sincere, I promise you, but I simply do not have time to check minutiae when I have so many investments , properties and other items. Thank you for restoring my faith in people's ability to understand or show sympathy for genuine mistakes. I make no apologies for my wealth ( I just feel extremely lucky) but I do think a lot of posters hate my status and go on and on and on..........simply because they hate others' good fortune. As you suggest, I would be more than happy for this thread to be locked so that the haters are starved of their unsavoury pabulum.

EthicsGradient

Well, now you've admitted you made up the basis of your opening post - that your Managers advised you to buy certain stocks at the beginning of the pandemic, for pandemic-related reasons, then the purpose of the thread "Shares purchased as pandemic arrived" has indeed vanished. Locking would be an excellent idea. Are you going to ask the moderators? We can't.