keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 4,582
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Post by keitha on Jul 10, 2024 9:54:20 GMT
wondering about others reasons for investments.
I decided I wanted a wide ranging portfolio, and looked at companies in various sectors
I think subconscious bias must have kicked in ( or maybe I knew more about some companies )
I have an investment in the company responsible for my pension administration, done nicely up 140% and another nice amount of dividends reinvested.
The Company I worked for down 25% but an awful lot covid related
the company that I was eating one of their products whilst looking at shares, After selling some shares last year when they hit my target price, I effectively have £160 invested and shares are worth £2500,
the bank my son works for up 35% in 6 months
Others not so good I invested in City pub group as we came out of covid, and was making a small profit, they were bought out by Youngs brewery, since the takeover youngs share price down 35% in 4 months.
2 of 4 mining companies are a complete wipeout.
FF companies doing better than green ( Wind, Solar, turbine makers )
overall 25% up in 4 years
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mogish
Member of DD Central
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Post by mogish on Jul 10, 2024 10:19:04 GMT
Nice return for a £160 investment.
My sipp has returned approx 6% per annum.
Not outstanding considering cash returns just now.
I don't generally buy shares but dud buy shell at a tenner during covid which has been a great return.
I was shocked recently to learn that my abrdn shares are £50 to buy ir sell. Scandalous.
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agent69
Member of DD Central
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Post by agent69 on Jul 10, 2024 11:29:20 GMT
wondering about others reasons for investments. Built up a big pot of cash while working, and you've got to put it somewhere.
About half of my money is in a SIPP managed by an IFA. The rest was in an ISA managed by an IFA, but I decided to drop them because I didn't think I was getting value for money. Most of the money I now manage myself is in a Vanguard account, mainly in world tracker funds.
The one thing which is certain is that nobody can predict the future. I was recomended to have some Ruffer Total Return fund in my SIPP, which I agreed to. It was advertised as a wealth preservation fund, but it went down 7.5% in a year while the Vanguard investments were up 5%.
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benaj
Member of DD Central
N/A
Posts: 5,591
Likes: 1,735
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Post by benaj on Jul 11, 2024 12:25:44 GMT
New £7bn National Wealth Fund to start green investment ‘immediately’,
😅 So our new government suddenly found £7bn somewhere and can invest “immediately”? where do they invest I wonder.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315
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Post by ilmoro on Jul 11, 2024 13:00:19 GMT
New £7bn National Wealth Fund to start green investment ‘immediately’, 😅 So our new government suddenly found £7bn somewhere and can invest “immediately”? where do they invest I wonder. Bet you they haven't ... it's just the National Infrastructure Bank & expect the 'immediate' will be existing funds & dependent on private projects looking for investment ... NIB stuck money into a green energy project just before the election so currently nothing new about the NWF
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Post by captainconfident on Jul 11, 2024 18:08:52 GMT
Reason for investments. I played the game of capitalism since my parents opened a Post Office savings account for me when I was about 10. I shovelled in the cash while not developing any expensive tastes. My 1950s type parents were frugal to a fault and it rubbed off on me. Over the years I bought into all the investment vehicles going, seemed the right way of playing the game. The money just ballooned, but the only way I experienced it was as numbers on a screen and a certain reassurance that I was never going to have financial worries. I won't say how much there was but it is ridiculous.
So ended up living in a lovely place but as the same charity shop punk rocker I've always been. I have an image to preserve that would be ruined by a fancy car or yacht. So I am disinvesting rapidly, and spending it as fast as I can on a nature project. I want to die pennyless. Investing has been a reflex reaction to living in a capitalist society but it has been pretty meaningless in terms of who I am.
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