Rate my SIPP - ITV high conviction

Roger175

k6chris said:

In honour of this thread I am going to buy 100 ITV shares on Monday.  #YOLO

Well, I have just bought 2444 ITV shares at 81.75p. I've been following this thread and it piqued my interest in ITV. As someone who holds a reasonable size portfolio of high yield shares, ITV sits comfortably within this, with the dividend being non too shabby at 6.1%.

These will be a long term buy and hold, so I'm happy to have some skin in the game and will follow with interest.

QrizB

If people keep buying shares for the fun of it, ITV is going to be the next GameStop

Maybe that was OPs plan all along?

Roger175

QrizB said:

If people keep buying shares for the fun of it, ITV is going to be the next GameStop

Maybe that was OPs plan all along?

Not for fun on my part. I have a high-yield portfolio of around £220k in individual shares, all bought for the income. ITV will sit very comfortably with it's current yield.

Juno_Moneta

You’re absolutely right - a bigger picture would of course provide more context. 

However that would require detailing all my assets, liabilities, plans, age, family details, etc etc.

I think you hope for too much. This thread is “Rate my SIPP”, not “Rate my life”.

Thanks for your concerns and I promise to keep providing updates on just my SIPP.

DT2001

Context is important. I took redundancy from Barclays in the mid nineties and by the start of 2000 my shares were worth £80k, my flat £60k and I had £80k in a business breaking even for the first time. First child under a year. Sold the whole lot over 3 tax years utilising OHs CGT allowance as well. They kept climbing for a while and then ….
Now I have a global ETF

Good luck as it appears a very bold move

kempiejon

I'm not sure I'm in agreement with the idea that holding just one share the expected return is no higher than (e.g.) a global equities tracker. Presumably this a researched position, I've looked at the proprosition of ITV and the valuations seen in a certain light looks attractive. I've no idea what @Juno_Moneta sees as potential upside (i've not checked back) finger in the air >50% say? There's downside protection as the valuations of the studio could be mispriced. Going into what I'd called a value trade it's worth having an exit strategy and know when to fold as the song says. Meantime if the fundamenals look good collect the dividends waiting for the value to unfold or circumstances change. I tried value, worked hard with the accounts, assets and valuations, it's risky but buying shares is, can be stressful but either luck or dilgence makes some people reckon they make money some of the time.

Obviously a single share portoflio has a non-zero probability of total loss, a global tracker I'd say vanishingly small.

Linton

Surely with just holding one share the key      issue is not expected return but rather single point of failure. The chance of one company going bust or being taken over for significantly less than its current value cannot be  ignored. Holding a broad global set of funds will only fail if the world as we know it collapses, a situation  that  could render loss of savings one of your lesser concerns.

if you are investing with an amount of money whose loss  would really matter then just choosing one company is madness. On the other hand if you are chasing high returns why little regard for the consequences of a loss why not buy lottery tickets?

cfw1994

Linton said:

Surely with just holding one share the key      issue is not expected return but rather single point of failure. The chance of one company going bust or being taken over for significantly less than its current value cannot be  ignored. Holding a broad global set of funds will only fail if the world as we know it collapses, a situation  that  could render loss of savings one of your lesser concerns.

if you are investing with an amount of money whose loss  would really matter then just choosing one company is madness. On the other hand if you are chasing high returns why little regard for the consequences of a loss why not buy lottery tickets?

But Juno made it appear just now that the risk of that doesn’t matter to them!
Unwilling to share a bigger picture, which of course is their choice, but makes the thread rather less useful or interesting 🤷‍♂️

More interesting would be if anyone else has a single share as their MAIN constituent in their DC pot.

MeteredOut

Juno_Moneta said:

You’re absolutely right - a bigger picture would of course provide more context. 

However that would require detailing all my assets, liabilities, plans, age, family details, etc etc.

I think you hope for too much. This thread is “Rate my SIPP”, not “Rate my life”.

Thanks for your concerns and I promise to keep providing updates on just my SIPP.

But without context of your overall financial position, how can you expect anyone to seriously rate your SIPP. If its 1% over your net worth, its fun. If its 90%, its crazy.

It looks to me this is more of a humble-brag post rather that you really expecting anyone to provide any useful feedback on your SIPP.

Juno_Moneta

MeteredOut said:

It looks to me this is more of a humble-brag post rather that you really expecting anyone to provide any useful feedback on your SIPP.

Not entirely sure I agree, there have been about 200 replies now and I've found many of them interesting and thought provoking so on balance it was worth making the post to benefit from those.