Rate my SIPP - ITV high conviction

Bravepants

Good luck to you, but defnitely giving me the yips!

Aretnap

If nothing else, this thread makes me feel slightly better about the proportion of my global trackers that a few huge tech companies account for...

artyboy

Well I'm normally quite diversified, but I did find myself having about £400k in the single stock of my now ex-employer at one point. Made a very good turn on it. Could have made an even better one if I'd held it until today.

And of course could have lost a fortune if I held it until next week. Maybe. Who knows.

That's sort of the point...

Juno_Moneta

incus432 said:

Juno_Moneta said:

A note about diversification: 

I know it’s important. I’ve done it all my life. Had plenty of bits and pieces of ETFs like VWRL. But sometimes you have to just go for it. That’s what high conviction means to me. 

“Diversification may preserve wealth, but concentration builds wealth.

- Warren Buffett 

A note about dividends: 

No dividends are guaranteed- that’s clear. 

ITV currently pays 5p a year. 

That means I receive £52,566 py. 

Enough to retire on one day if it continues…!

My sister's only investments were shares in Natwest -she worked for them for 30 years., getting them cheap. She lost it all. 

Trusting in one company is insane

incus432 said:

Juno_Moneta said:

A note about diversification: 

I know it’s important. I’ve done it all my life. Had plenty of bits and pieces of ETFs like VWRL. But sometimes you have to just go for it. That’s what high conviction means to me. 

“Diversification may preserve wealth, but concentration builds wealth.

- Warren Buffett 

A note about dividends: 

No dividends are guaranteed- that’s clear. 

ITV currently pays 5p a year. 

That means I receive £52,566 py. 

Enough to retire on one day if it continues…!

My sister's only investments were shares in Natwest -she worked for them for 30 years., getting them cheap. She lost it all. 

Trusting in one company is insane

Same here! In my past I worked 20+ years at NatWest then RBS. 

I lived through my SAYE schemes dropping from £17 to 22p! Tough times. 

Sarahspangles

FIREDreamer said:

Absolutely 100% bonkers.

No offence, you are very brave. You are like jimsusan of TMF fame who held a large value of Lloyds shares, until he didn’t!!!

That’s who I was thinking of. There’s a ‘Whatever happened to…” about him on LemonFool. Interesting thread in its own right. I remember feeling really upset for the guy.

westv

Wasn't there a thread similar to this where someone wanted to invest their SIPP into Bitcoin?

MallyGirl

westv said:

Wasn't there a thread similar to this where someone wanted to invest their SIPP into Bitcoin?

there was and I think they actually did quite well out of it - on another day it might have worked out differently

MallyGirl

artyboy said:

Well I'm normally quite diversified, but I did find myself having about £400k in the single stock of my now ex-employer at one point. Made a very good turn on it. Could have made an even better one if I'd held it until today.

And of course could have lost a fortune if I held it until next week. Maybe. Who knows.

That's sort of the point...

many of my colleagues hold on to all the SAYE shares they have bought over the years. Now that CGT is so low a threshold it is going to cost them a lot to liquidate. The eggs in one basket phrase means I sell as soon as the options mature

Cobbler_tone

MallyGirl said:

artyboy said:

Well I'm normally quite diversified, but I did find myself having about £400k in the single stock of my now ex-employer at one point. Made a very good turn on it. Could have made an even better one if I'd held it until today.

And of course could have lost a fortune if I held it until next week. Maybe. Who knows.

That's sort of the point...

many of my colleagues hold on to all the SAYE shares they have bought over the years. Now that CGT is so low a threshold it is going to cost them a lot to liquidate. The eggs in one basket phrase means I sell as soon as the options mature

This is why I love this forum. *hands up* as someone who has piled company shares up, as do the vast, vast majority of the business, which is one of the biggest and successful household names in the world.
I have started offloading at (significant profit) to mitigate risk after reading the views on here. I don't like giving up the dividends (and likely continued growth) but I guess you have to look at it pragmatically and know when to quit.
I still have shares locked in and maturing each month, so will have a steady flow now.

P.S. CGT doesn't apply if shares are sold from within the plan, not in our scheme anyway.

As for the OP....hats off, he clearly has a stronger stomach and more pants than most mere mortals! I'm assuming you didn't have them in 2022 when the price plummeted?!

vacheron

MallyGirl said:

artyboy said:

Well I'm normally quite diversified, but I did find myself having about £400k in the single stock of my now ex-employer at one point. Made a very good turn on it. Could have made an even better one if I'd held it until today.

And of course could have lost a fortune if I held it until next week. Maybe. Who knows.

That's sort of the point...

many of my colleagues hold on to all the SAYE shares they have bought over the years. Now that CGT is so low a threshold it is going to cost them a lot to liquidate. The eggs in one basket phrase means I sell as soon as the options mature

I'll second myself as someone guilty of this. 

My last scheme in 2015-2020 upon maturity could have been fully sold 2 days spanning the financial year. Now with the CGT reduction and further gains in the price, it will take me and my wife almost 15 years between us to fully extract the gains using our current full CGT allowances!