Legal & General Share Discussion Threads

[netcurtains] 10/2/2024 16:09

riverman77 - If there was no stamp duty more brokers will be able to do special offers like "First 100 trades free" (or similar)....

[tornado12] 10/2/2024 15:42

Thanks for your thoughts Cassini

[riverman77] 10/2/2024 15:42

Going back to this British ISA idea - if the only benefit is not paying 0.5% stamp duty then barely worth bothering with. Would only appeal to frequent traders, something I doubt the government would want to encourage. Better for some sort of government top-up - eg for every £1 an investor puts in the government adds a penny or two.

[cassini] 10/2/2024 15:09

tornado12,

I's complicated and depends somewhat on individual circumstances.

IMO if you have a long way to go until retirement it may make sense to keep money going into a pension/SIPP as although you may breach the income tax allowance, you may have grown your SIPP enough that even with paying some tax, you're still better off.

On the other hand if retirement is close and you've used up your entire income tax allowance just in income from a pension(s) then I'd say the playing field between pensions and ISAs becomes blurred.

I have a pension, a SIPP and an ISA. I sized the SIPP so that (until the state pension kicks in) the anticipated income from it, plus that from a work pension, would not attract any income tax.

Any extra money went into an ISA, plus a lump sum from the work pension (on the grounds I could probably do better with it than leave it in the pension which returns about 4.5%). Of course it's more complicated than that as usually pensions keep back some growth to protect against inflation.

It's tricky making the 'correct' call in this kind of stuff.

[tuftymatt] 10/2/2024 14:22

CASSINI, I am thinking the same way too.

I watched a quick £3 a share profit in SSE vanish in a month or so and now I sit at a loss. Locking in profits makes much more sense in a flat / negative market as there always seems to be a better time to buy back in.

Sure it could turn against you but if you have a balanced portfolio then the odds of not being able to get back into anything seems very slim.

Good luck all 👍🏻

[tornado12] 10/2/2024 13:39

I’ve been pondering whether makes sense to top up my ISA or Pension in April. I’m already near max tax free pension drawdown limit , so looks like I pay the tax and put it into my ISA for divi compounding returns. Hoping it’s the U.K.-focussed ISA which rumours say could be free of stamp duty. Here’s hoping 👍

[cardinal3] 10/2/2024 11:35

PJ84

I'm with you on this. One issue is the dim view taken of the UK market by overseas investors. Looking at my re-invested dividends in Lgen since 2019 only 3 are in positive territory which is a poor reflection of the sentiment here over 4 years. I'm hoping that we pull an inflation rabbit out of the hat and this share rises as interest rates drop. It's not a growth stock thats for sure.

[pj84] 09/2/2024 23:48

There is a lot of negativity currently over the UK market but if quality companies continue to make profits and pay dividends then once the last major seller has finished selling the market will turn without warning and we are still being held back by the BoE's indecisiveness on cutting interest rates. I am more optimistic that inflation will continue to fall, and in turn wage increases will also reduce faster than the BoE are expecting and now is definitely not the time to throw in the towel.



If the UK market does finally turn decisively positive, then Lgen and other insurers will surely rise as well.

[xongkudu] 09/2/2024 23:06

Looks like 220 could be beckoning next week. Could be a good entry point. Im very heavy on Aviva so this could be a good same sector diversification if that’s possible.

[cassini] 09/2/2024 21:44

I bought back in in a small way today after selling out not so long ago at 247p.

Am I too early? Probably, but we don't know the future.

I've come to the conclusion that given the time between divis and the sclerotic nature of the UK stock market, I need to be a bit more proactive with divi stocks and sell out and hope to buy back in at more favourable if prices if things look weak.

It's a lot of faff of course and there's always the risk of getting it wrong.

[zac0_4] 09/2/2024 21:16

My dividend paying assets are a real drag on my portfolio

[jubberjim] 09/2/2024 18:39

Yump

I don t have that problem about who to vote for

I can t spell X

Have a good weekend

[yump] 09/2/2024 17:57

See the chart back to 2014. In a range all that time.

Anyone expecting a growth stock from an income stock - look back. Otherwise all sorts of conclusions can be reached based on nothing much at all.

However, you could just buy at the wrong time and that will make you very grumpy.

[adejuk] 09/2/2024 17:41

spud - remember 2008-9
it's not impossible with the inmates running the asylum

[adejuk] 09/2/2024 17:37

RIP uk investments

[spud] 09/2/2024 15:56

The big boys are still divesting themselves of UK blue chips (hence why they are desperate for company buybacks). Once they have washed their hands and the BOE actually do some rate cutting instead of just blowing smoke, then we should see some capital appreciation. However, I don't think it'll ever reflect values seen in the past.

spud

[netcurtains] 09/2/2024 15:54

Phew at least my PEARSON [PSON] shares are recovering a bit.... I thought the market had it in for my UK stocks..... LGEN not that bad. Dividend Yield is increasing with each fall, which will mean the bounce NORTH will be so much bigger when it happens.

[gurunostradamus] 09/2/2024 15:53

Full year results 6 March!

[marksp2011] 09/2/2024 15:53

I guess what I an saying is if you want a bond, buy one.

[zac0_4] 09/2/2024 15:50

" . . . Why would one be happier buying lgen at 500p yielding sub 4%? . . ."

Probably because that would mean a decent return had finally been achieved!!!!!

[spud] 09/2/2024 15:41

Just seems to be GLG who are borrowing stock here.

spud

[gswredland] 09/2/2024 15:37

When are results please guys?

[fionascott1234] 09/2/2024 15:35

There again the further it falls the more available for the scrip dividend