Anglo Asian Mining Share Discussion Threads

[mattjos] 07/8/2018 13:28

CNYUSD up 0.5% today .. gold up identical 0.5%.Good may be officially priced in US$ but, the relative price of Yuan seems to be having a greater effect on price of gold recently .... is that because the Chinese want the physical whilst the USA markets more paper oriented?

[s0lis] 07/8/2018 12:31

celeritas/wanobi

The normal attitude to risk is to reduce it as you near retirement. However, there is a train of thought that you can ignore that as it depends on the size of your pot but also on your confirmed pension. If you are fortunate enough to have an annuity or a defined benefit pension that is inflation proofed (wholly or to some extent) that covers all your requirements and your have an emergency fund for unforseen hiccups, then I would say that you can continue with a more risky portfolio (with some in AIM stocks as they do not fall into the IHT trap).

[celeritas] 07/8/2018 11:08

Also hold your ground, dont worry when the price falls below your avg, try not to be scared out. I was with Kenz in the 08 crash, sold circa 110 as I thought the financial world was done for, its amazing what fear makes you do. It eventually sold for over 900p.

[celeritas] 07/8/2018 11:02

Strategy, I cant say I have one as I tend to go with the flow. I try to hunt out what I think are undervalued stocks like AAZ. I've had many over the years, wcc was probably the best one but I think aaz could very easily do similar. I suppose that is a stategy.

I moved my pension from a managed pension to a sipp, I've certainty beaten the old managed pension by at least double.

It also depends on you age for risk, as you get closer to retirement then dividend paying stocks are preferential.

How old are you wanobi, decade will do? I'd say 20s 30s and 40s have more risk, 50s then probably look a little to cut it down. 60s,70s, take income with the odd risk for a bit of fun.

[wanobi] 07/8/2018 10:47

Hi Cel, you're right, I won't know till I try and initially I will buy 1 or 2 stocks only and see how it goes for a year or so... if I lose everything on those it won't cause me a problem and hopefully I won't be worrying about things for that reason.. I'd like to ask you so many questions; however, I don't want to irritate you so please feel free to tell me not to ask etc... I'm also aware that I do not understand the unwritten rules on this thread and others,, as to what can be asked and what shouldn't be asked etc,,, so,,, please excuse me if I overstep the mark so to speak...

1 - what's your top line risk strategy?

2 - what's been your overall % return on your chosen stocks since you've been doing this?

I'm presuming you've beaten the funds else why would you be doing this, unless its just for fun etc.

Cheers W

[celeritas] 07/8/2018 10:30

wanobi

I would also see the 75% vs 25% as a challenge, can I beat the funds.
You have a handle on your risk profile, 5% each, but you'll never know until you buy your first stock if you are cut out for it. It seems you are a bit of a worrier so maybe give the lot to the fund managers.

[wanobi] 07/8/2018 10:24

Hi S0lis, thanx again, yes, off the cuff comment, I was really highlighting to myself how easily it would be to screw up big time in doing exactly what you've said, putting too much into to few stocks etc & how easy it is to actually make that happen, just a few button clicks on HL etc.. my risk management plan is strictly 75% in funds and 25% in individual stocks & no more than 5% of the 25% in any single stock,,, so that's 20 stocks at 5%... appreciate your concern for me, cheers.

[s0lis] 07/8/2018 10:05

wanobi

I think one of the most important principles of investing is to spread you risk which has not been mentioned here. I think you will find that all the investors who have replied to you or given you advice will have a portfolio of shares. It depends on your personal preferences and how well one knows the companies invested in, (plus the size of your portfolio) but most people I know will be invested in 10-30 shares/stocks/funds.

Too many shares/stocks and you cannot keep up with what is happening in each one, too few and you dramatically increase the risk of something going wrong with one that will cost you dear (Lehman, Carillion, Northern Rock etc. etc. and they were all big, not AIM)

You frighten me when you say " if I were stupid enough to do so, put all my retirement funds on an AIM stock and lose the lot is a really scary prospect." I hope that was an off the cuff comment and not really in your thinking.

[wanobi] 07/8/2018 00:46

ah sorry, you mean they announce the ex divi day in advance right?

[celeritas] 07/8/2018 00:35

Yes you will, look out for ex divi day when it's announced.

[wanobi] 06/8/2018 23:46

if I bought aaz tomorrow would I be eligible for the first dividend? when is the deadline for me to buy to get the dividend? thanx

[wanobi] 06/8/2018 22:24

mf, 2sp, serious thanx guys, I will be looking into the details tomorrow for sure.

[mattjos] 06/8/2018 20:37

Assuming dividend is priced in US$ ( functional currency of the company) ... we're looking at circa 10% more in GBP since the company first announced intent to pay one earlier this year due to falling GBPUSD

[2sporrans] 06/8/2018 19:59

Oh, there's loads.....mf is spot on.
Another contender, just from the Henderson Stable, is HFEL [H. Far East Invest. Trust], if you like some of your gains crystalised as regular income. Dividend just raised, yet again; never been cut in over 3 decades since launch and only 1 year on hold. Now at 6.1%.
Decent Cap. gains too, if hardly up with the top guns.

Now, if that gets [indiscriminately] sold off, like in Autumn 2015, say 30% down, you'll be able to bag them with an 8.7% divi. [and it grows over time].
Not hugely exciting....but makes a lot of sense; esp. in ISA or pension pot.

A bonus is, If you are inclined to trade [on LSE] or 're-balance'....there is no stamp duty [Jersey HQ] and a pretty tight spread.

I put my missus into Fundsmith.....but never got around to buying any for myself :0(

[mad foetus] 06/8/2018 18:45

HSL is Henderson Smaller Companies, but there are others just as good (eg THRG) and SMT Scottish Mortgage Trust

[wanobi] 06/8/2018 18:26

mf, I found fundsmith thanx, what is HSL = HSL Investments Inc? & SMT? cheers

[wanobi] 06/8/2018 18:13

thanx again guys, this is all very sound 'feet firmly on the ground' advice which I appreciate greatly.. 2sp, thanx, yes, I must decide when is right so its my decision and not someone else's (even though you are most likely correct about the timing),,, cmbw, agreed, risk management needs a strong hand from me!! mf, will do and you may well be right, save myself the time and effort etc... much to consider guys, cheers

[mad foetus] 06/8/2018 17:28

Wanobi,Look at the returns that Fundsmith, HSL, SMT etc have managed over the last decade. Ask yourself honestly if you think you can do better. Then ask yourself if you enjoy trading in the stock market. If you enjoy it, do it. But think very carefully about whether you can save yourself large amounts of time and money by delegating to decent fund managers.

[callmebwana] 06/8/2018 17:19

Wanobi,last words from me.In the end you will do what you want to.
Don't invest in the Stock Market that you are not prepared to lose a large chunk of.
Pay attention to what the guys on this BB have advised you.Don't follow us because one or two of us are invested is some other shares. We all make mistakes.
Don't forget Brexit, Donald Trump,etc,etc.
Go in when others are fearful..Quote by Warren Buffet I think.
I think 2sporrans have covered pretty much everything.
Don't forget what SOlis has posted to you today either.
Good luck with whatever you decide to do.

[2sporrans] 06/8/2018 17:16

Wanobi

"....generalized diversified funds for 75% or my pension"

Good.

"I don't feel ready just yet,,, even if the timing is right".

Fine.
Read up more; take your time.
Better to walk away than pitch in without reasoned conviction.

Investing IS gambling; it can be educated gambling.
If it is not, then delegate the playing wisely as you may.

[wanobi] 06/8/2018 17:01

no, not been able to in the past, had to buy funds, but now with pension in HL I can buy individual stocks... which does seem terrifying.... to think I could, if I were stupid enough to do so, put all my retirement funds on an AIM stock and lose the lot is a really scary prospect,,,, as is the speed at which I can do all this, a few pushes of the buttons from now and I can own a very tiny part of aaz!! gulp!

[celeritas] 06/8/2018 16:55

Excellent post 2sporrans.
wanobi, you do need skin in the game to sharpen your mind.
I took ages to buy my first stock and yes it fell.

Have you ever bought a stock before?

[wanobi] 06/8/2018 16:47

S0, Cel, 2sp, cbw,,, many many thanks guys, I really do appreciate greatly your advice and will do as you say and buy in slowly, learning as I go and from your past experiences etc.. I can see how posters can be talking up a stock, saying they are buying more etc,,, when really they are the ones selling etc.. I'd like to think I can find some trustworthy friends here somehow,,, will take time I know.... you guys all seem great, so maybe a good/lucky start for me, hope so... I can also see that actually owning a share will be a different experience to simply looking at them and agree that I should start small in that respect. 2sp, taking the time to write that detailed post for me is truly much appreciated. You are correct, I do have a lot to learn, but I guess at least I recognize this and have time on my side for now. You're right about more generalized diversified funds for 75% or my pension, its the other 25% that I've set aside in my mind to try and do something special with and when I see companies like aaz whose shares have gone from 10p to 50p in a twelve month period that's a big incentive.... I know I'm going to make mistakes and lose money, but I'm earning ok right now, so I can gamble a bit of it without too much concern for my long term future and learn as I go... the 5% advice to limited my risk seems sensible, thanks.. thanks for suggesting I invest now, but, honestly I don't feel ready just yet,,, even if the timing is right.. that said, I feel more confident about AAZ & ORM than I did 2 hours ago :-)