Legal & General Share Discussion Threads

[anhar] 27/9/2023 10:57

15 years? That's nothing, my intended holding period as purely an income investor is forever.

But I still write on message boards here as I enjoy intelligent(!) conversation about shares.

[123trev] 26/9/2023 22:50

Tensions mounting again in the U.S another standoff over spending in progress how will they ever solve this ongoing crisis and does the impossible task point to a possible future meltdown certainly going to carry on spooking markets and it’s not going away.

[netcurtains] 26/9/2023 20:41

iknocker: Wow someone who talks in 15 year timeframes is writing on a stocks and shares message board. 😃😃😃

[1knocker] 26/9/2023 19:59

I am happy to accumulate cash at present. This is one of my big dividend weeks of the year, so I shall end the month with a decent sum.

With interest rates high having risen rapidly from a decade and a half of near zero rates, central banks printing cash like there was no tomorrow to fund ever increasing government deficits, and the oil price and the dollar soaring it strikes me that we are overdue something to break. Copper is usually a pretty good bell weather, it is going to be in severe shortage even a fraction of the renewables story is going to play out, yet its price has been soft all year. There are plenty of contradictions. The overall picture does not hang together.

I want cash in hand when something breaks, or there is a dramatic realignment.

Until then, I prefer to be overweight stocks with tangible assets, not a stack of financial instruments depending upon the soundness of counterparties, and potentially susceptible to contagion and death spirals.

L Gen certainly could go a LOT lower if the wheels fall off somewhere in the financial system. I am not reducing, but nor am I increasing my holding (mostly acquired when the shares were well under £1) at present.

[adejuk] 26/9/2023 13:52

i used divi to buy phnx - now >2k
i am v over weight in lgen - 100k
thinking of switching more into phnx
decisions, decisions.
as freud said - if you can't make a decision you're not ready to make it.
but that was b4 online investing :-)

[dudishes] 26/9/2023 11:53

Divi reinvested, not sure it can go much lower?

[mcunliffe1] 26/9/2023 10:56

I've had three emails from A J Bell today re. my grandkids trust fund investments.
Two of them hold ABRDN and one holds LGEN. Dividend has appeared in each of their accounts accordingly.

Given the small amounts they received it sits as cash rather then re-invested. I MY LGEN and PHNX (and the rest) perform well in my SIPP I may top-up their accounts.

[skinny] 26/9/2023 09:30

Certainly the noises coming out of the US last week, hinted at interest rates remaining at or around these levels until at least the end of 2024.

[yump] 26/9/2023 09:26

Is this a key moment to see where the share price goes ? Appears that it might be bottoming out - as are the interest rate hikes (on current evidence). Can’t say I entirely trust it though.

What sort of bottom would we expect ? A long tedious one, given that the forecast is for a v slow possible decrease in interest rates ?

[rongetsrich] 26/9/2023 08:55

AJ Bell also charge 9.99 a trade, have you looked at II? Quick and 3.99.

[cestnous] 26/9/2023 08:30

Dividend never seem to arrive on time with AJ Bell

[cestnous] 26/9/2023 08:30

Dividend never seem to arrive on time with AJ Bell

[netcurtains] 26/9/2023 08:28

It was good!

[cwa1] 26/9/2023 08:14

Hope you all reinforced your dividend bank walls recently. A very solid dividend has arrived this morning.

Satisfactory :-)

[rongetsrich] 26/9/2023 00:01

Not all, but MNG is not in its normal trading bracket. It’s 4-5p out, so only my opinion, it will continue to rise Tues.

[netcurtains] 25/9/2023 22:11

Rongetsrich: 28th but not all finance companies had good run up to ex-dividend date...

MNG has the 4th best summary TECHNICAL NUY signals in FTSE 100



(BP. does better - just and CRH)

[rongetsrich] 25/9/2023 20:55

When does MNG go ex div?

[rongetsrich] 25/9/2023 20:55

When does MNG go ex div?

[netcurtains] 25/9/2023 20:43

Why did M&G do well today

[woodhawk] 25/9/2023 19:47

I'm just giving some figures from my records. Over 8 years, my total trading profits are almost equal to ,total dividends received. My dividends in y/e 2022 total approx £27K, this f/y y/e 23 £35K (30% increase) and y/e 4/2024 are likely to be £38K+ (10%). I only pay a pittance in tax as 90% of my portfolio is ISA'd.

I used to invest back in the 1990's and made a small fortune during the tech boom - I then proceeded to lose most of it during the early 2000s. I stopped trading for maybe 10 years, revised my strategy and restarted 8 years ago and have done infinitely better since then.

The main difference this time is that I have focussed to a much greater extent on dividends with ongoing and regular reinvestment.

[123trev] 25/9/2023 19:14

I’ve had a good few years of Stella returns but done predominantly from trading well apart from this year not so good so far. I think the confusion here Woodhawk is how you get a 30% increase in dividend income from last year to this but I suspect now it’s how you explained it having consulted Stella lol.

[zac0_4] 25/9/2023 19:12

That's one hell of a performance. An annualised growth rate of 15% over the last 8 years. Well done.

I've been investing for the last couple of decades but have only really started to keep detailed performance analysis since 2019 when I took early retirement. My total annual return since has been as follows: +21%, +1%, +17%, -10% and year to date +5%. It's hard to make money!!

[woodhawk] 25/9/2023 17:57

My portfolio has tripled, with some trading and almost all income reinvested, over the past 8 years. My primary aim is now divi income. 2023 has not been a good year, so far, for capital appreciation, but an excellent year for divis (best ever) and reinvestment, in my case.