Legal & General Share Discussion Threads

[actybod] 02/6/2020 21:58

A welcome rise....does it break 217 or back to 180!!!

[skinny] 02/6/2020 11:59

220 area quite busy.

[its the oxman] 02/6/2020 11:55

Still 50% upside to get back to our old high. Always tempting to sell but hopefully better times ahead.

[dr biotech] 02/6/2020 10:12

The value of my IG account is less than 1% of what I have in my ISA. I see it as a bit of fun. I've long realised that I'm no good at it, like about 80% of their clients.

I just go on gut feel. Last two trades for me were long on RR (made about 200) and short on the FTSE (made about 300). For me thats big time success as far as trading goes. Typically I open the bet, it goes against me, I close then watch the sp/index go the way I wanted it. I see it as a gamble and enjoy it for that.

To make a comparison, I'm due about 700 for the L&G dividend here on thursday.

[milliethedog] 02/6/2020 09:33

Yep, couldn't resist again. Out @ 214.10
Nice profit
Now i need it sub £2 if possible....lol

[imastu pidgitaswell] 02/6/2020 09:31

Been there and taken... All good stuff though, never get the bottom, never get the top. This volatility is very lucrative, but won't last forever. Possibly...

[milliethedog] 02/6/2020 09:26

On the move here at last. AV also in insurers.

Original trade target was 212 for a nice £1k, but feel I might hold until tops out

214 as i type....

Anyone else tempted to take profits?

[atlantic57] 01/6/2020 14:09

It is very difficult to make any predictions on this subject.
Each country has dealt with Covid 19 on an individual basis and the results have varied.

Clearly the U.K. market is linked to the health of the us market which as we speak looks to be in good shape.

Things could change but predicting when is much more difficult than generic articles about a crash at some point in time...

[adejuk] 01/6/2020 13:55

i'm not that fond of buywell but i agree with his generally downbeat assessment.
there will be a second spike
it will not be as high or as long as the first bec most of the vulnerable have already died - in a compressed way
however, once that wave starts, and it will be in the usa, not here, the market will tank. esp financials. i know lgen is not a financial stock but the market doesn't gaf
i have a buy order for 30k at 150.
we'll see.
good luck guys

[alangriffbang] 01/6/2020 12:47

Pierre I agree with you as well ,and I will now filter him as I don’t want to hear any more of it ,
Roll on Thursday to get our div money safely in the bank ,

[alangriffbang] 01/6/2020 12:47

Pierre I agree with you as well ,and I will now filter him as I don’t want to hear any more of it ,
Roll on Thursday to get our div money safely in the bank ,

[milliethedog] 01/6/2020 10:25

Milliethedog agrees with you Pierre
.....which is not bad for a greyhound!

[pierre oreilly] 01/6/2020 10:09

Buywell, Pierre has read buywells posts for a while now, since just after the covid inspired crash. Buywell always says the same thing, that buywell thinks everything is going to crash further, in a very verbose roundabout manner.. Well pierre thinks buywell is like a stuck record and buywell needs to clean his stylus, because the buywell second crash hasn't materialised and in fact there's been something of an anti-buywell recovery, with more anti-buywell recovery to come ipv, just in the natural course of events.

Why does buywell use the third person perspective when that is the prerogative when referring to others, not buywellself? It's known to be extremely pretentious and doesn't read well (in pierre's opinion).

[qvg] 01/6/2020 08:53

point 3 - is it inflation or deflation that we are heading for ??

[neilyb675] 01/6/2020 07:06

thanks for the cheerful post buywell

[buywell3] 01/6/2020 03:21

This market is due another leg down IMO


The bad news just keeps getting worse ---- The good news ... there is no good news





A recap of the problem list in what buywell believes is cost implication
Once again the USA is picked as the leader





1. Covid-19 - includes
a) Businesses going bust
b) 45M plus and growing out of work on benefits
c) Debt mountain to keep the lights on
d) Bigger Debt mountain to repair economy
e) Rebuild cost of Hospitals to equip properly for SARS-COV-3
f) Long term health costs due to covid mental and physical damage to survivors


2. China/USA Trade implications - includes
a) On going trade sanctions have not been sorted
b) Covid-19 creation/blame has worsened trade sanctions and created new ones
c) Hong Kong SPECIAL TREATMENT by USA for trade now likely to cease
d) USA looking to delist Chinese companies from USA exchanges
e) USA looking to prevent new Chinese companies listing on USA exchanges
f) USA president looking to penalise USA companies trading with China


3. Meat and Food price inflation rising at fastest rates in decades-BUT
a) Consumer prices are deflating at the fastest rate for decades
b) Stagflation has arrived


4. Numbers of USA People living in poverty set to rocket -
a) Between 38% and 78% of Americans live paycheck-to-paycheck
b) 33% plus newly unemployed will mean another possible 50% plus enter poverty
c) USA household debt rose to $14.3 trillion in the first three months of 2020
d) $1.6 trillion more than the record set in the last financial crisis 2007/8


5. Having no money, no job and no future prospects fuels anger at the system
a) A policeman killed a black man whilst three other policemen watched
b) 11 USA states have called out the National Guard
c) 24 USA cities are in curfew emergency measures
d) There are curfews in place in Minneapolis, Los Angeles, San Francisco, Chicago, Atlanta, Denver, Philadelphia, Pittsburg, Seattle, Miami, Cleveland, Columbus, Portland, Milwaukee and Salt Lake City.
e) Damage to property continues apace , damage to public trust continues likewise


6. Mr Fauci has just said that a second wave of covid-19 is not inevitable
a) Due to 5. Social distancing measures put in place have ceased
b) Numbers of people allowed in shops or gatherings have also ceased
c) USA riots are now in the process of creating the Covid-Wave 2

7. Covid-19 measures put in place in many other countries including the UK now also compromised
a)
b) This will both now increase the size of current Covid Wave 1
c) Also shorten the grace period in many countries that have unlocked
d) Hence also speed up the start and size of Covid-19 Wave 2
e) Other European countries held protests in solidarity as well over the weekend


IMO dyor

[zac0_4] 31/5/2020 11:59

Hi Guys. Thanks for the response. I do hold some Investment Trusts. I'm happy with investing in funds as I generally buy and hold, so if it takes a couple of days to sell then it's fine by me. Most of the funds I hold invest in large(ish) companies, so liquidity, as in the case of Woodford, shouldn't be a problem. I think trusts can be gated also, as from memory I think my investment in the Standard Life Inv Property Inc Trust was closed for a period in 2016 following Brexit referendum. Good luck in your investments.

[dr biotech] 31/5/2020 10:52

With trusts timing the entry can be easier. Typically the discount to NAV will vary between 0-15% if the discount is large it’s normally a good time to buy as this will narrow over time (and vice versa). Hargreaves Lansdown show this in charts just google “HL SLS” to see (SLS is ticker for a smaller co trust as an example).

[atlantic57] 31/5/2020 08:28

So where would you put your money Buywell.

The world is full of people who are ever critical but what do they offer ?

[zac0_4] 30/5/2020 11:10

Cassini - Top5 funds by performance over last 12months (30.05.20 to 30.05.19)

Legal & General Global Technology Index +35.9%
Smithson Investment Trust +24.3%
Legal & General Global Health and Pharma Index +21.5%
Rathbone Global Opportunities +16.9%
Fundsmith Equity Fund +12.1%

Show me an income paying share that can get anywhere near this!

All held with Hargreaves Lansdowne with the exception of Fundsmith, which I hold directly with them. They offer a facilty to automatically pay you a regular withdrawal monthly, quarterly etc

If you visit their website www.fundsmith.co.uk and go to TV, take a look at the video of the 2020 Annual Shareholders Meeting. I find it extremely informative and useful.

Apologies, again, to others if of no interest.