sd2
Member of DD Central
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Post by sd2 on Dec 10, 2020 11:39:00 GMT
for anybody with a Kindle - the Investment Trusts Handbook released yesterday is available for free (Most years its more then just puff pieces even if it does obviously big up IT's and the hardback goes for about £20 - 25 on W H Smiths etc) Thanks got it.
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Stocks
Dec 10, 2020 11:55:58 GMT
Post by Deleted on Dec 10, 2020 11:55:58 GMT
you never did claim to time the market.
I was looking at your choice of L&G and wondering what the logic in buying its share. I can see none but, but, then I looked closer. Just recently there has been a significant recovery to its normal share price so you might have bought at the bottom and now be looking at a good profit. I'm also not suggesting you should sell just adding a commentary.
My own view is that earning a technical profit of say 50% is irrelevant without understanding the time factor. I prefer to think in %/year or %/month which allows comparison between investments. 50% over 10 years is only 4% a year as an example. 50% in 3 months is far more exciting.
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Stocks
Dec 10, 2020 11:59:26 GMT
Post by Deleted on Dec 10, 2020 11:59:26 GMT
Strikes me as a bit random that list.
As an example, would be curious to hear the extent of your homework on L&G. 90% of revenue UK-domestic and a shitload (£30bn AUM) in real estate, you must have dug up some real gems on the positive side to justify that one.
(Not saying you should sell L&G. Your Money. Your Portfolio. Your appetite for risk. Do your own homework, make your own decisions. ).
Maybe you have a penchant for special sits... who knows ... only you do !
Ignore him camraid <unnecessary insult removed by mod>. His tag says all you need to know about him. Interesting point of view. Wallstreet has asked a question about L&G and I see no one talking down to anyone. If there is a secret in L&G that we cannot see it would be very kind if you parted the veil for us.
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Post by Deleted on Dec 10, 2020 12:09:40 GMT
For my equity currently I just invest £100 a day into Fundsmith, and buy more during market corrections. I hold some bonds too and ofc some P2P. I have around 150k now in this fund, since 2017. I see people talking about "past-performance". Past performance is actually quite critical recently, as you can see how "safe" assets perform during a dooms day crash scenerio in the modern world of Q/E. Some funds have completely platoed whilst others beat the index in voltaility downwards, and recovery upwards. Smithson has performed exceptionally in both areas. Both Fundsmith and Smithson share very similar mantras of "buy, and do nothing" which of course is the best way to be. I don't buy fund managers, I buy fund principles and past-performance being anchored to the same principles of today. (No drift) Follow the money, as long as the FED keeps rates depressed stocks will continue this upwards trend. Very like my own position though sizes are different as is length of investment. Terry Smith (he of Fundsmith and Smithson) is a fascinating character who I have bored many people about on this site.
Past performance; to me, is the only fact you know about a fund or trust, everything else is guesswork and mirrors. If a fund has a process that achieves consistant results then it might have consistent results into the future. There are very few funds that achieve that for a reasonable amount of time and have designed in a key-man removal element to their design. Terry has done this.
I also look at "recovery time" which is a measure of how resilient a fund is to a blackswan event (like Covid) and the Smith vehicles have done better than the Train vehicles. moneyweek.com/458381/nick-train-the-worlds-greatest-investors . You will find Nick in a number of other Trusts, I think FCT have handed selection to him for example.
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Stocks
Dec 10, 2020 15:01:59 GMT
Post by Deleted on Dec 10, 2020 15:01:59 GMT
To be fair let me offer up, at random, three assets I presently own and will hold unless they hit a constantly rising sell limit.
TRIG, a holder of green energy assets, offer a small dividend and are presently ~125p following a cash call at 125p.
SRE, a holder of German rental industrial space across mainly western Germany, also domicilled in SA. Germany had a good covid and 97% of rents were paid on time with high percentage of property rented out. They have a strategy of buying up units and selling onto Insurance companies
HVPE, my only Private Equity, but the SP hits my numbers and make me about 18% a year. 900 to 1800 in 5 years with only the one black swan.
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sd2
Member of DD Central
Posts: 621
Likes: 224
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Stocks
Dec 10, 2020 21:34:08 GMT
Post by sd2 on Dec 10, 2020 21:34:08 GMT
Ignore him camraid <unnecessary insult removed by mod>. His tag says all you need to know about him. Interesting point of view. Wallstreet has asked a question about L&G and I see no one talking down to anyone. If there is a secret in L&G that we cannot see it would be very kind if you parted the veil for us. No he hasn't. It is rhetorical and sniggering as the emojis clearly show. You people need to grasp we don't need to prove anything to you. I don't feel the need to belittle anyone unlike wallstreet. Furthermore I don't feel the need to make up my gains in the market. Even Warren Buffet does not make 20% a year and neither do you.
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sd2
Member of DD Central
Posts: 621
Likes: 224
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Stocks
Dec 10, 2020 21:54:22 GMT
Post by sd2 on Dec 10, 2020 21:54:22 GMT
To be fair let me offer up, at random, three assets I presently own and will hold unless they hit a constantly rising sell limit.
TRIG, a holder of green energy assets, offer a small dividend and are presently ~125p following a cash call at 125p.
SRE, a holder of German rental industrial space across mainly western Germany, also domicilled in SA. Germany had a good covid and 97% of rents were paid on time with high percentage of property rented out. They have a strategy of buying up units and selling onto Insurance companies
HVPE, my only Private Equity, but the SP hits my numbers and make me about 18% a year. 900 to 1800 in 5 years with only the one black swan.
TRIG 30% Share price growth over 5 years....the new definition of 20 a year 5.3% dividend the new definition of a small dividend SRE 100% share price growth over 5 years still not 20% a year. HVPE Now your not even claiming 20% a year or are you saying that 18% is greater than 20%.
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Stocks
Dec 10, 2020 23:12:21 GMT
via mobile
Post by Deleted on Dec 10, 2020 23:12:21 GMT
Thanks for coming back.
I actually said I like to find, not that I was always successful at finding. One has to pick and choose in life and I have management tools that help me sell out to maximise my return. Covid has been especially beneficial as others have said. Black swan moments are certainly buy opportunities.
I'll take 18%/year for sure.
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sd2
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Stocks
Dec 11, 2020 9:53:56 GMT
Post by sd2 on Dec 11, 2020 9:53:56 GMT
Thanks for coming back. I actually said I like to find, not that I was always successful at finding. One has to pick and choose in life and I have management tools that help me sell out to maximise my return. Covid has been especially beneficial as others have said. Black swan moments are certainly buy opportunities. I'll take 18%/year for sure. Yes but you don't get that or anywhere near it your a bullsh1ter. Furthermore there your best examples with only one of them getting close to 20% (assuming you actually own it) Everything you write is nothing more than bragging with nothing to back it up. Your a p2p a walt
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Post by Deleted on Dec 11, 2020 11:10:42 GMT
But I also never said that these 3 were from that strategy. Only one is and my ownership is easily passing the target I set for it and I have been very clear about my objective for selection and offered a real life variety. I haven't described the other strategies or the management tactics to maximise profits or minimise risks but perhaps another time.
The other two are from different strategies. BTW one has done far better than my core strategy and the other about the same.
But I was merely trying to stimulate a conversation as you and others have done.
I don't believe you have any reason to be uncivil as I have not been to you.
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sd2
Member of DD Central
Posts: 621
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Stocks
Dec 13, 2020 11:26:19 GMT
Post by sd2 on Dec 13, 2020 11:26:19 GMT
But I also never said that these 3 were from that strategy. Only one is and my ownership is easily passing the target I set for it and I have been very clear about my objective for selection and offered a real life variety. I haven't described the other strategies or the management tactics to maximise profits or minimise risks but perhaps another time. The other two are from different strategies. BTW one has done far better than my core strategy and the other about the same. But I was merely trying to stimulate a conversation as you and others have done. I don't believe you have any reason to be uncivil as I have not been to you. Talking down is uncivil ....weren't you aware of that?
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sd2
Member of DD Central
Posts: 621
Likes: 224
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Stocks
Dec 13, 2020 11:28:06 GMT
sd2 likes this
Post by sd2 on Dec 13, 2020 11:28:06 GMT
but perhaps another time. Don't rush into it. Not particularly interested in your condescending posts. Or the sniggering posts of @wallstreet and hazellend.
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Post by Deleted on Dec 13, 2020 12:06:00 GMT
But I also never said that these 3 were from that strategy. Only one is and my ownership is easily passing the target I set for it and I have been very clear about my objective for selection and offered a real life variety. I haven't described the other strategies or the management tactics to maximise profits or minimise risks but perhaps another time. The other two are from different strategies. BTW one has done far better than my core strategy and the other about the same. But I was merely trying to stimulate a conversation as you and others have done. I don't believe you have any reason to be uncivil as I have not been to you. Talking down is uncivil ....weren't you aware of that? Well I was aware that perception as well as intention can become confused on the internet. I have read back through our thread and can identify nowhere where I intended to talk down to you. However, if you feel I have then please be assured that was not my intention. Good luck with your investments.
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mrk
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Dec 13, 2020 12:47:13 GMT
Post by mrk on Dec 13, 2020 12:47:13 GMT
First person I've ever seen in this forum that likes their own posts.
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sd2
Member of DD Central
Posts: 621
Likes: 224
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Post by sd2 on Dec 13, 2020 16:30:35 GMT
First person I've ever seen in this forum that likes their own posts. Wasn't aware that I clicked on like but I would suggest that everyone on this forum and any other forum would like their own posts. Including you.
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