Legal & General Share Discussion Threads

[buywell3] 30/5/2020 02:00

It does not take a genius to see what shares have performed well in the face of Covid-19

If you girls can't do that

Then you shouldn't be investing IMO

This Chart looks ripe for a drop IMO if the USA market downlegs again and bigger this time , say with Covid-19 Wave 2 , and another Lockdown Mk2 being the catalyst .

buywell notes 80p support


IMO dyor

[cassini] 30/5/2020 01:23

Millie,

Ta for that idea. I note we seem to be in a bit of a market downdraft at the moment generally, looking at a lot of charts, so I'll see where we are on Monday - it may be a good point for a punt on things. Things like RR. look tradeable too. I already have a bit of AV. (bought for the dividend, haha!). Psychologically, it's hard to sell something below the price I bought it at even though I recognise that I may well get my money back faster if I buy the dips and sell the peaks (easier said than done). As a divi stock, PHNX (closed end fund management) seem well regarded and are paying the divi, after doing their stress test stuff. Wished I'd bought more of them instead of AV. now.

zac0_4,

Interesting point. I looked at funds, but the ones I looked at didn't seem to pay an income - just capital growth. I noted they had done well. Was looking at one called Fundsmith something-or-other I think. Now the idea of capital growth seems more attractive to me somehow after my dividend stock disaster ;0) I have more cash to invest so will give them more consideration when I've managed to digest recent happenings...

[zac0_4] 29/5/2020 13:42

Cassini - yes, Shell is another one of my single share holdings so took a hit there. At my time of life I 'm looking to provide myself with an income without my capital depreciating too much. After 20+ years of investing I've finally realised that single shares are not for me! Throughout this economic hit my shares and investment trusts have suffered and I've been surprised how resilient my investment funds have been. Some really good results over the last 12 months even with this crisis.

[milliethedog] 29/5/2020 13:23

Try AV. CASSINI for trading.....

Was about to pull trigger to sell here @ 211 the other day for nice £1k profit.
Dithered....so will hold and hope they go back

[cassini] 29/5/2020 12:50

I've focussed on buying for dividends too and it's cost me. The stand-out poster-boy for divis - progressive divi for 75 years - Royal Dutch Shell slashed its divi to 1/3.

I actually looked to see what kind of history shares had for paying their divis over the years to check they were consistent before I bought in and still got shafted.

I guess I didn't figure in a plague.

The idea behind only dividend shares was that I wanted a reliable source of income.

Now I have shifted to a mix of dividend shares and recovery/growth shares. I also think swing trading is something I will dabble in as I reckon swing traders are the only ones making money in this market. Made 35% profit off HOC in three trading days last week.

[zac0_4] 28/5/2020 16:02

My holdings fall into 3 categories: individual shares, investment trusts and funds (oeics). I've tended to fall into the trap, certainly with individual shares, of focussing too much on dividend income and in some cases it's cost me dearly in capital reduction. Without any hesitation I'd say my funds have clearly outperformed my holdings in individual shares and investment trusts. My top 3 performers over the last 12 months from May19 to May20 have delivered 33%, 22% and 11%. Although no.2 is an investment trust it doesn't pay a dividend so I class it more like a fund. Good to get your view. Regards

[dr biotech] 28/5/2020 15:28

I have a bit of a haphazard approach. The individual shares I hold have to meet my criteria of being ethical, in an area I have an interest in and tbh gut feeling. My record is average at best - some decent winners and some horrible losers, particularly from my biotech investments which I no longer touch. Whilst not a big thing it helps if there is a decent bb too - for me its a hobby as well as route to retirement (think this probably applies to a few here).

I used to hold shares in MAN - they always said that their GLG fund needed volatility for its algos so that should be doing well right now and for the next few months. I don't have those though.

[zac0_4] 28/5/2020 15:08

Dr Biotech. I'm with you on the psychological issue of selling for a 'dividend'. It's something I'm not totally comfortable with if a fund is off its high. I also use income paying investment trusts. However, over the long-term my funds are by far my best performing investments. Currently looking to move away from all my individual shares when the time is right as, without exception, they haven't performed particularly well. Agree with your comments on HL but I'm happy to pay slightly increased platform costs for the service I've had from them. Good luck.

[dr biotech] 28/5/2020 14:37

I hold a few trusts and funds - in one case I hold the fund and trust in the same thing (standard life smaller companies). Whilst I understand your strategy of "selling for a dividend" its something I'd struggle with, particularly if my fund was at a loss. I know its pretty much the same as losing the capital on xd date, but its the psychological thing of taking a loss.

I have quite a few smaller companies funds - their record is much better than mine. Some commercial property and some trackers (including foreign funds). Makes up more than half of my holdings.

I did use HL, but then realised I was paying a platform fee of £300+ a year. That plus their blind devotion to woodford made me switch. Still use their site for information though as I have a nominal amount in there.

[neilyb675] 28/5/2020 13:59

ok mate, thanks for getting back to me.

I like investment trusts in the main, with quite a few recovery stocks now (since the crash), some speculative plays and some blue chips companies in my portfolio.

[zac0_4] 28/5/2020 13:44

Neilb675. I don't hold them for their yield I hold them for total return. I simply sell about 6% at the end of every year as an annual dividend if you like. If you'd have put £10,000 into the L&G Global Health and Pharma fund 5 years ago and taken out 6% at the end of every year your capital today is worth £12,387 and you'd have paid yourself £3,457. A total return of £5,845 (58%). Alternatively a £10,000 investment into L&G shares over the same period would today be worth £7,686 and you'd have received dividend payments to the value of £2,786. A total return of £563 (5.6%). I fear some people (me included) can become far too focussed on dividend yield rather than total return. If you go to www.hl.co.uk all the information regarding the funds can be found.

[neilyb675] 28/5/2020 11:44

zac

Cheers for info on trackers, yes I am interested.

Can you tell me with the 4 you mention from the L&G stable....what are their respective yields in percentage terms, and are they paid twice a year or quarterly.

I am guessing each has a fact sheet where you can see the constituent companies that are included in the funds...?

cheers mate

[zac0_4] 28/5/2020 11:25

Hi, Long-term holder looking forward to next week's dividend! This is a little off-topic' so if it's of no interest then simply ignore. There was a mention on an earlier post of tracker funds. I'm a fan provided it's not a ftse tracker! I hold 4 at present all L&G funds, so the way I see it is I'm buying a product from a company I hold shares in. The 4 tracker type funds I presently hold are: L&G Global Technology, L&G Global Health & Pharma, L&G International Index and L&G Global Infrastructure. Good performance, low costs and a low minimum investment level. Might be of interest to some-one looking to provide diversification within their portfolio.

[cl0ckw0rk0range] 28/5/2020 08:35

Is that really the best you can come up with? Close that short pal and move along.

[itsnotmeitsy0u] 28/5/2020 08:15

dear oh dearnot the brightest of posters are you?

[rik shaw] 28/5/2020 07:21

No they weren't told to by any regulatory bodies. The PRA left it open for them to use their own judgement based on their capital strength.

[smicker] 27/5/2020 22:45

I hold quite a lot of them actually, I'd appreciate an answer from someone knowledgeable.

rikshaw, they would do it because they were told to by numerous regulatory bodies. I'm asking if there is now any chance of them pulling out of the commitment. I assume three banking days before payment date it needs to be transferred to the brokers so they can pay it on the proper date?

[itsnotmeitsy0u] 27/5/2020 20:35

when your mum starts to sing?

[rik shaw] 27/5/2020 19:40

Why would they do that when it was resoundingly voted through at the AGM ?

[smicker] 27/5/2020 18:16

Whats the latest practical date they could announce they are witholding the dividend?

[financeguru] 27/5/2020 14:26

looks like the septics are waking up