Legal & General Share Discussion Threads

[zac0_4] 07/3/2024 23:12

Yump - no spreadsheet needed when buying indicies ie global equity tracker funds. Just buy every month irrespective of price.

Remember when it comes to trying to time the market there are only 2 types of individuals . . . those who can't time the market and those who don't know they can't time the market!

[zac0_4] 07/3/2024 22:50

Tell BP shareholders that buybacks drive positive share price performance. 10 years ago BP's share price was £4.80. Over the 10 year period they have spent over $25bn buying back their shares. The share price today . . . £4.71.

Share buybacks are a waste of time. To me they mean that a company has nothing better to spend its money on. No opportunities for further growth. I'd much prefer for excess cash to be reinvested to compound the value of the business and, as such, the share price.

[dope007] 07/3/2024 19:29

I don't think so Skinny

[skinny] 07/3/2024 18:00

thebutler7 Mar '24 - 09:30 - 4965 of 4990
0 2 4
Aviva gone up following buyback announcement. Lgen dropped 'cos no buyback. 'Nuff said.


free stock charts from uk.advfn.com

[jubberjim] 07/3/2024 17:55

Ok will leave it at that

Find the charts useful as a luddite but sarcasm is lost on me

Wait for it !

All the best Rock On !

[skinny] 07/3/2024 17:43

I'm not allowed to mention my LGEN purchase history :-)

[jubberjim] 07/3/2024 17:42

Which One ?

[skinny] 07/3/2024 17:22

During the war :-)

[jubberjim] 07/3/2024 17:16

Roughly 6 years ago bought Lgen @262 at same time
bought Aviva @ 457(need beer goggles) apologies

This was before the redoubtable Tulloch and his endeavours

I still hold those original Lgen shares and today added more on the back of Aviva's results

They have not let me down

Let some Aviva go on the rise today as needed to free up cash

But still believe there will be further opportunities the anomaly and divergence keeps me coming back for more and x div still a long way away

Be good be lucky be patient

[tag57] 07/3/2024 16:10

Zac, I agree with your 10 year view but just wish I had bought when the S&P 500 was around 3600 rather than 5000. Makes a hell of a difference to the returns in the short and long term. I would take a good look at small company trackers though as these seem relatively bombed out.

[zac0_4] 07/3/2024 15:37

Tag57 - the fact the US indicies are at record highs simply means they're heading in the right direction. Up. Look at the following:

"From 1950 till 2022, the S&P 500 has set 1526 all-time highs along its path to the current level. That is an average of just under 21 times per year or about 8.3% of all trading days"

Do I think the global economy will grow over the next 12 months? No idea.
Do I think the global economy will grow over the next 10 years? Yes.

That's why buying low cost global equity tracker funds that provide me with exposure to the global market form a large part of my portfolio.

[mcunliffe1] 07/3/2024 15:07

Thankyou all for your comments and input. Very much appreciated.

[gurunostradamus] 07/3/2024 14:54

I have invested with Fishers UK investment fund and thus far over 14 months it’s given a return of 30% and every year I transfer from the investment fund to ISA to maximise my tax free element of the investment. Maybe I was lucky with my timing but it’s a lot better than the share paying dividends !

[yump] 07/3/2024 14:29

Many other markets had a long flat period, which was the time to buy trackers (I only got a few). They often get quoted by the rags, after they’ve broken out for a year. India is a good example - its had good press but thats after its gone up. Missed that one.

UK has been flat for years.

You could regard that as evidence that we are permanently knackered, or that its an opportunity. I wonder what other countries thought about their flat periods.

Perhaps the funds will view the UK as a basket case but with hopes of recovery, so they’ll all pile in with their profits from other markets that have already recovered. They’re always after stories of the next opportunity.

[huckers] 07/3/2024 14:17

Tag57. My thoughts exactly.

[tag57] 07/3/2024 14:15

Zac, my only concern at the moment with the global trackers is that the US tech sector is at record high, S&P 500 at record high, Japan just broke above 1989? Level for first time, Europe at record high - are they going to continue their upward trajectory for the short to medium term or are they likely to see a major correction.
Meanwhile UK continues in its rut and struggles to escape it but at least the current yield is pretty healthy and allows for a decent compounding rate.
Just my thoughts

[zac0_4] 07/3/2024 13:55

MCunliffe1 - I won't give you suggestions but can only let you know what's worked for me. I've been reducing my exposure to dividend paying shares for some time now as my experience is that they underperform simply investing for growth over the long term. As such dividend holding represent around 18% of my overall portfolio vale compared to 30%+ historically. This number will continue to fall.

My largest holding, by a long way, is in Fundsmith Equity Acc. I invest directly with Fundsmith for a number of reasons ie no platform fees and the ability to set up automatic withdrawals monthly, quarterly or half yearly just like receiving a dividend. The returns to date have been excellent.

Examples of other managed funds I've been pleased with are Rathbone Global Opps and WS Blue Whale Equity. I would say, however, that over the last couple of years I've been moving more capital into simple global equity tracker funds as costs are low and I'm happy with returns over the long term. L&G International Index and L&G Global Tech being 2 examples.

To back up my strategy of reducing exposure to dividend payers and increasing investment levels in tracker funds I recently sold around 33% of my holding here and put the capital into the following ETFs LGGG 50%, RSGL 20%, IUQF 20% and WLDS 10%.

Time will tell if that was a wise decision! ps I'm the same age as you!!

[kirkie001] 07/3/2024 13:38

Unastubbs - its an interesting article, but obviously written by someone who doesn't understand (or chooses not to understand) bulk purchase annuities.

The addressable market is something like £1.7 trillion, of which only about 10% has transacted. (Can't remember the exact statistic - but LCP have the figures every year) - if that's a "dying transaction stream" then I'm all for it! It's not a "fossil-fuel" type problem - it's a "fossil fuel problem but we're in 1990"....

Unless it's regulated against from a competition or regulation point of view, the BPA market will last another 30 years - and remember what the duration of these schemes are - if they're pensioners you might be talking about recurring profits for the next maybe 10 years after writing a deal, if it's deferred pensioners heavy then you're talking maybe 20 years +.

So IMO, the article is a bit ridiculous.... (IMO, of course!) ;)

[marktime1231] 07/3/2024 12:18

All advice against challenging skinny to a charting contest.

315p with or without a buyback did they say?

[skinny] 07/3/2024 11:14

I could live with 315p :-)

[dplewis1] 07/3/2024 11:12

Barclays cuts target price to 315p from 325p

[colonelgrim] 07/3/2024 10:40

Yesterdays GAP closed this morning, perhaps we can move on now CFD brokers?

[mcunliffe1] 07/3/2024 10:35

Thanks fenners. I can see what you mean. As I said, I don't understand gilts too well but as time progresses I'm getting to learn a bit more. That's the beauty of these threads.

zac: any suggestions for better places to earn long-term return because that's my aim. When I say long-term, at 66 how much longer have I got ? :-)