Legal & General Share Discussion Threads

[cassini] 25/11/2023 00:45

Thanks to those who replied to my query about L&G pension funds.

The two funds mentioned in one posters' reply (Global Index 100 and Global Technology - or something like that) are not part of the 140 funds I can choose from ;0)

Just eyeballing L&G's pension funds' performances, most are ummm, pants.

This is echoed in an on line article on a website named Yodelar.com, admittedly from 2020, where only 12% of their funds got 4 or 5 stars and 67% got 1 or 2 stars.

I already have a SIPP with ii and will indeed move my pension fund there. My problem at the moment is that my L&G fund is >£30k and so I'll get nailed to pay for a financial advisor if I try and move it, or so I read.

In the meantime I will keep trawling through their funds performance data to find one which isn't awful, as the Santa Rally season is on us (I hope) and a lot of annual returns are made in this period in a normal year...

[tornado12] 24/11/2023 19:24

hxxps://apple.news/AcriKcMNGQiCYibAWtYHxRQ

[grahamg8] 24/11/2023 18:57

Pronounced ‘eh’ I believe, which rather sums it up.

A good RNS all round I think. Not just the Boots deal but a good dig at the snipers to say the Dividend should be fully covered this year and 5% higher next year. This does really seem like a good share to have for income seekers.

Some interesting comments earlier on shares held and why, with different strategies being discussed. As a result I’ve found a couple that suit me and subject to deeper research over the weekend expect to make a move next week. For income seekers I could throw in NG. - not the highest yield by any means but about as rock solid as you can get and potential for growth. All those shiny new wind farms still need connecting to the grid. I have also held FAIR for the past 8 years. The share price is down but the yield is so high that I am still in profit on those shares originally bought at nearly twice the current price.

And finally my contribution to the budget, sorry Autumn statement. The Torygraph has just reviewed their readers most favoured and hoped for proposals. All of which are looking for spending increases or tax cuts. We seem to have developed a collective ‘something for nothing’ attitude that denies reality. You can’t spend what you don’t have. Is anyone seriously proposing spending less on the NHS, less on repairing roads, reducing the state pension, reducing benefits for the disabled?

[spawny100] 24/11/2023 18:06

Are you 5 years old Netty? I can't imagine there are many adults in the UK who didn't know that et means and in French!

[keyno] 24/11/2023 18:05

It's aujourd'hui by the way.......

'Scuse, CWA1 but I couldn't let that pass.......

[eurofox] 24/11/2023 17:53

my wife shames us all by doing the wordle puzzles in French and German as proficiently (if not more so) as in English

[netcurtains] 24/11/2023 17:26

jubberjim: totally agree - It really is exhausting (mentally) - I can only do about 20 mins at a time....
Everyone have a good weekend...
Its been fun!

[jubberjim] 24/11/2023 17:08

I find the french very tiresome

People practising french even more so

C'est la vie

Have a good weekend

[supermarky] 24/11/2023 16:47

It's definitely a blue day. Have a good weekend.

[netcurtains] 24/11/2023 16:41

les aspects juridiques et généraux ont passé une bonne journée aujourd'hu 😀

(it should roughly mean - "legal and General had a good day today" - but knowing google it probably means something totally different)...

[jubberjim] 24/11/2023 16:35

Wifey doing it
But in Spanish
Was looking forward to practicing the nombres to see if they translated

Oh well

Turkeys are not just for Xmas

[cwa1] 24/11/2023 16:08

OK. I feel it's time to move the subject back on-topic any time we start discussing learning French. Thanks :-)

[netcurtains] 24/11/2023 15:13

("and?" is "et?" in French - I'm doing duolingo - anyone else doing it? Is it any good?)

[fionascott1234] 24/11/2023 14:09

Probably finishing red today.

[tornado12] 24/11/2023 13:21

Great news on the Boots PRT and supports the robust balance sheet and fwd dividend of LGEN….. great to keep adding in 8-10% divi range with interest rates now peaked and dropping in 2024/25. In for my long term tax free income for years to come GLA

[skinny] 24/11/2023 12:56

Not my intention :-)

[fenners66] 24/11/2023 12:42

LOL - now my post looks daft...

[fenners66] 24/11/2023 12:41

Sorry Skinny I do not want to bore others and labour the point , but, you said:
"for some it is simply not possible to earn more"..."eat in to their small and (now) taxed incomes"

Mathematically the only way their untaxed income could have any becoming taxed is by earning more.

The idea that the lowest paid should keep more of their income because they are low paid ... fair enough but that is a different "social" discussion, however raising the tax free threshold saves tax for all - even the highest paid.

Simple fact is the govt decided they needed to raise more tax. Fiscally and politically they decided not to raise the % , which as above would impact those without a raise, say people working for struggling employers who say they genuinely cannot give a rise or it is job losses - at least this way people actually have to secure a rise before they either move into the tax paying bracket at all or pay some more tax.

I guess I have bored everyone enough by now so ....

[skinny] 24/11/2023 12:24

Edited as it didn't read as I intended!

[hollcat] 24/11/2023 12:10

Excellent deal today that seems to have been completely ignored by the market. They have added c£1bn to the value of future profits just through the BPAs written so far this year - and I am sure there are more deals to come before the end of the year. Add this to the c£1.5bn a year of cash they throw off from existing business and the c9% yield and this company looks to be massively undervalued. I am piling in and buying more.

[fenners66] 24/11/2023 12:04

Skinny

"Your argument ignores the fact that there there are plenty of low paid workers who are now in the tax system who wouldn't have been in prior years."

Only because they did not earn as much !
They Have to earn more to lift themselves above the tax threshold - there are tax thresholds always have been its just that the tax free pay threshold has been raised a lot over the last 10 years allowing more people to pay no tax and everyone else to pay less tax.

I actually think this tax raise (over time ) is a lot better than the alternative which would have been say putting up the rate of tax even for those who's earnings had not changed and therefore Would have been worse off.

No one can be worse off as the bands don't move - only better off as their post tax earnings actually rise.

[mcunliffe1] 24/11/2023 11:59

On a more serious note, thankyou GARYCOOK for your excellent suggestions (GLEN, HFEL, WDS and DEC). I have had a quick look at tall four and will start to monitor more closely.

They do seem to fit my requirements for dividend yield and most seem to be at a low share price just now, offering a tasty entry point.

Appreciated.