Legal & General Share Discussion Threads

[tuftymatt] 17/6/2022 12:26

I looked at that Trev but with futures up I thought maybe those who wanted out would be out and people may bottom feed today stateside. It's a tough call but I went optimistic after a tough week for all as this market does like to throw in a few positives in amongst a year of declines.

[adejuk] 17/6/2022 12:24

i don't tire of repeating that the ftse trades on a pe of now around 12.5
the dow is over 30
ok, i know, i know....

[123trev] 17/6/2022 12:21

Expect a sell off today American market closed Monday investors will be nervous holding over a long weekend I imagine in today’s climate.

[tuftymatt] 17/6/2022 12:17

I mentioned earlier I would sit on my hands having been buying of late but just couldn't resist topping up on some of the prices on offer. Even added to my VUSA ETF!!

"Fortune favours the brave"
" A fool and his money are easily parted"

Take your pick I guess!!

[123trev] 17/6/2022 12:07

Charts look dire the question for me is how quickly the Dow hits 28500 then that next stop that has huge implications!

[tuftymatt] 17/6/2022 11:41

Thanks anhar 👍🏻

[anhar] 17/6/2022 10:52

The main underweight sectors are banks, water utilities, elec utilities, REITs, retailers, telecoms, tobacco. But that fact alone doesn't mean I'd necessarily invest new cash in any of them. A sector has to be both underweight and sufficiently attractive for that. I don't blindly invest in a sector merely cos it's underweight. I might even add new cash to an already overweight sector if I think it's the most attractive at the time.

The most overweight sector is mining by a long way, due to massive growth over the decades plus demergers, giving me a huge unrealised gain and spectacular divis too along the way. The effect of this gross overweighting is to make many sectors underweight just for that reason. Over time the sectors get very out of average weight because I rarely trade and don't rebalance, so I just let them run and do their thing, enjoying the income though I do ditch serious duds at times.

[tuftymatt] 17/6/2022 10:41

anhar, I think I am a bit overweight in the finance sector too at the moment and would be interested to know what sectors you are underweight in / looking at right now?

[123trev] 17/6/2022 10:32

Everything else considered this held up well yesterday but that was more to do with the dividend reinvestment but I imagine very shortly some unscrupulous fellows will take advantage of that. Stagflation is here and for a while and there is nothing that can be done about it and unfortunately a price has to be paid for the mistakes of the past just what that price is has yet to be determined.

[anhar] 17/6/2022 09:55

Indeed. In my ins sector I have LGEN, MNG, AV.. MNG is more of a fund manager than insurer and LGEN also has a large fund managment operation but I regard these three as being in the same sector for my purposes.

As you say, all are very high yielders relative to the FTSE100 but the sector is now overweight in my port so any new cash won't at present go into these stocks. When I do add new funds it tends to go into the underweight sectors.

AV. recently delivered a large cash return which, despite its high yield, I reinvested in other shares in the port for the above reason.

[adejuk] 17/6/2022 09:07

most insururers are now circa 9%

[montyhedge] 17/6/2022 08:45

Agree dividend compounding, eighth wonder of the world, especially over 7% dividends.

[anhar] 17/6/2022 08:37

My view as an existing LGEN holder is to do nothing. I'm only in equities at all for the divis and events like wars, high inflation etc. don't affect me. Once I have established a holding in my HY port, which has many diversified shares, I stick with it for the income, only selling if something goes radically wrong such as suspended or slashed divis with little chance of resumption or perhaps a more attractive share arises.

This means I've held most of my shares for very many years, having learned long ago that events which appear very negative at the time are just about irrelevant long term. Eg, who now remembers much about the financial crisis of the late 2000s? Yet at the time it seemed like the end of world.

Once you have an established diversified port, doing nothing is a great strategy, works for me anyway.

[speedsgh] 17/6/2022 08:19

Ah, the filter button. One of the Seven Wonders of the World :-)

[dope007] 17/6/2022 08:07

Added a small amount of this and national Express this am to the ISA. Slowly adding stock as the mkt falls at the moment. No idea were the bottom is but I don't see conditions as bad as 2008.

[yf23_1] 17/6/2022 07:54

This is not the end, it is not even the beginning of the end, but it is the end of the beggining.

[eurofox] 17/6/2022 07:47

that's what I like to see, doom and gloom getting embedded and getting worse on an accelerating basis.

[tuftymatt] 17/6/2022 06:50

I have been buying into the dips but am planning on holding back now.

I kind of agree that we may need to wait 3 / 4 months for things to become clearer and if I miss the lows by 10% or so then I can live with that.

Those without a position in LGEN then my advice would be to get one as this company has a positive long term future but will it go lower still due to wider market pressures, I think it's possible.

[cassini] 17/6/2022 00:15

I'm 65% in cash and not buying the dips at the moment.

I just can't see any good news coming from anywhere at the moment.

The FED couldn't run a whelk stall.

Economic wars precede hot wars.

Inflation is out of control.

Supply chains are broken due to pandemic policies and war.

I'm thinking at least autumn before things become clearer, although there may be bounces along the way.

I'm hiding out in IMB, DEC, CSN, AV. and BP. mostly, plus some gold and silver ETFs but they aren't a guarantee of safety...

[geardown107] 16/6/2022 21:33

I'm with you and spud.We cannot predict the fall, but we have the aftermath of a World War to consider. Not shooting, per se, but economic.Taiwan is going to happen, probably within 12 months, unless the west stops giving China the money to wage war. There's a period that is unparalleled, and unprecedented coming full on.Consider your investments wisely, BAE etc.

[scobak] 16/6/2022 20:33

For what it is worth, this is a falling knife scenario right across the markets globally. I have got a considerable percentage of my investable wealth in cash and although that is making next to nothing, it is reassuring that I should be able to buy back cheaper than I sold.
I therefore see Spud's reasoning. Sit back and watch the markets fall. It may well be next year or it may not. There is no rush whatsoever. Just keep your powder dry for the time being.

So Mr Woodhawk, you may think you are being nasty and aggressive but you are right in a fashion though you probably don't know it. My view and clearly that of others is to go away until possibly next year. That is also my view.

Now please come back with a modicum of politeness Mr Woodhawk and argue that one (unless you want to be just part of the wood and be a thorn in the side.)

[financeguru] 16/6/2022 16:32

well, that was an exciting day