Legal & General Share Discussion Threads

[bbd2] 25/10/2024 11:10

Looks like the weekend sell off may have started with punters not risking the effect of the inevitable weekend leaks to the press ahead of the budget.

[yump] 25/10/2024 09:32

At least its passive. We need active investment here for jobs and product-selling businesses.

Some profits will come here from the US and generate tax income. Shame we can’t buy Apple !

[mcunliffe1] 25/10/2024 09:16

Read all about it here:




There may be a signal here to Starmer; Just as the mega-rich can exit Britain so can our investments.

[bbd2] 25/10/2024 07:06

The Times today: Legal & General has bought a large equity stake in a US real estate investment group and handed it $200 million of seed money to buy and improve apartment blocks for rent.

[neilyb675] 25/10/2024 05:54

Deep Cave
33/1
Win or Each Way
4 places instead of 3
1/5 odds - places 1,2,3,4
13:15 Cheltenham
13:15, Today


Tailorman
5/1
Win or Each Way
1/5 odds - places 1,2,3
13:41 Newbury
13:41, Today


Janey Mackers
2/1
Win or Each Way
1/5 odds - places 1,2,3
14:08 Doncaster
14:08, Today

[cwa1] 24/10/2024 22:24

They fairly churn it out at the Motley Fool...but...for completeness...

[pj84] 24/10/2024 14:55

This is an investment forum for investors who wish to take control of their own investments and if anyone on here is naive enough to NOT realise that both the capital value and the dividends of any share can both rise and fall. They shouldn’t be investing in individual shares.

I am not sure who these supposed naïve investors are, that you are trying to protect by being pedantic and considering Goldgeezer’s original post as a purely factual statement and I doubt if there are any such naïve investors reading this forum.

There are no certainties when it comes to investing which is always dependent on unknown events in the future and even investing in government gilts by buying at issue and holding to redemption which is probably the closest you can get to a completely risk free investment, is still not entirely without risk and I am sure we can both think of events where the future interest payments or the final redemption could be affected by an unknown event no matter how unlikely.

In my view, given the current level of interest rates which are predicted to fall, I believe the current share price and dividend represents an excellent time to invest on a long-term view and whilst I hope both the share price and dividends do increase over the next 7 plus years. I have no problem with the general thrust of Goldgeezer’s statement that even if they don’t this will still be a relatively low risk investment even if there is no growth in the share price or the dividend, current shareholders are still likely to be well rewarded over the longer term.

[anhar] 24/10/2024 10:18

...However, like skinny my view is that Goldgeezer’s comment is a valid one Ceteris Paribus...

His comment was valid for only a very narrow set of circs, not including equities. It is not generally true and that was my issue with it, that naive people might see it as true for LGEN which is what he claimed.

I'd agree it is valid ceteris paribus but that is one of the very narrow set of circs I mention. Obviously that definitely does not apply to equities where both capital values and divis can, and do, fluctuate a lot especially over the 7 years or more under discussion.

I don't think there is much room for "views" here because this is just math. Thus it is far from true that holding LGEN for 7-8 years will for sure double your investment. It might, it might do even better, but it could also do a lot worse.

I'm not knocking LGEN by the way, have held it for a very long time in my income port.

[cwa1] 24/10/2024 09:11

Please. Let's keep it ON-topic for LGEN, folks. Thanks

[yump] 24/10/2024 08:44

It is truly appalling that governments rob individuals to pay for things the rest of society needs.

[tornado12] 24/10/2024 08:32

I think there’s a 70-80% chance of a bigger fall after the budget next week. If trump wins on 5/11 could also have some negative sentiment but not on scale as the Reeves Robber … suggest to strap ourselves in and this does not take into acct the Israeli retaliation which could be another earthquake when it happens. Really not the best of times today GLA

[netcurtains] 24/10/2024 06:56

Was FTSE falls overdone yesterday or do we have more to fall?

Tend to think this morning will be up...

But afternoon is still in the air...

Now I've said that it will probably be the reverse of that...

LOL

[pj84] 24/10/2024 00:19

There are a lot of people invested here because of the dividends including yourself anhar and we all know you aren't interested in the capital value, as your philosophy is entirely income focussed. You are of course correct in your statement of fact.

However, I think most people take the view that on balance, investing in what they regard as high quality shares where the share price has fallen (like a lot of high quality UK shares ) leading to above average yields, it is reasonable to hope that over the next 7 years the share price will in fact be higher and that the dividends will have grown over that period but even if the share price remains flat and the dividend has remained the same, then Goldgeezer’s original comment is true that you would still have doubled your investment (caveat skinny’s and yf23_1 comments both of which I upticked).

Nothing in investing is guaranteed particularly over 7 years and LGEN could go bust. But that is why we aren't invested in fixed income as we hope both the dividends and the capital value will increase.

However, like skinny my view is that Goldgeezer’s comment is a valid one Ceteris Paribus and the investment philosophy is similar to mine and differing investment philosophy's both make markets and create opportunities for all of us.

[jubberjim] 23/10/2024 14:01

McCunliffe

Don t want to get too sidetracked

But yes I have more faith in Ms Reeves as an educated economist and after her mis step in apparel to be a more cognitive minister than Kier Starmer and Angela Rayner

So far so good but fear is the great leveller so awaiting events and maybe opportunities

Keep well and prosper

[mcunliffe1] 23/10/2024 13:58

😂 like actuaries invented to make accountants appear humorous.

[cassini] 23/10/2024 13:11

Economists were invented to make astrologers look respectable...

[mcunliffe1] 23/10/2024 13:06

jubber - really? You have trust in her economic ability?

I'm awaiting the fun and games when (if) the vat charge is introduced on Private Education establishments. It will pull into its net many nurseries simply because one or more child at the nursery is aged 5 or more.

It'll be an education 🤣

[jubberjim] 23/10/2024 12:13

Has this upcoming budget given the market the willies.

From the looks of it everything is infected

I have more trust that Rachel Reeves knows what she is doing as an economist but still think it will hurt.

Hang on in there

[anhar] 23/10/2024 11:43

I get the humor but for the naive, showing the math does not add any credence to the original rather misleading comment.

[yf23_1] 23/10/2024 11:35

log 2 / log 1.09 = 8.0432 yrs

or 8 yrs 15 days 18 1/2 hrs.

I'll get me coat !

[skinny] 23/10/2024 11:27

Everything else being equal, it would actually take 8 years @9%. (Rule of 72)

[anhar] 23/10/2024 11:23

...Capital will double in 7 years if you reinvest the dividend

That's true only if the capital is fixed at the outset like, say, a bank deposit and also if the return is fixed too. But shares and their divis fluctuate so that if for example the share price declined significantly over that period and/or divis were cut, it certainly would not double. Similarly it could go the other way and more than double if the share price increased and/or divis were maintained or raised.

But whatever, the "double in 7 years" is just not applicable to a fluctuating capital and income investment. It may happen but it lacks the certainty implied in your comment.