M&g Share Discussion Threads

[woodhawk] 28/3/2024 15:34:50

Louis Brandeis, re 4594...

Absolutely hilarious, you pompous twit. Go and play with your fantasy millions. I'm off to enjoy myself...

[louis brandeis] 28/3/2024 15:31:05

Woodhawk

I was actually advising others who are looking to gain knowledge here rather than yourself. No matter what you say, and what record you have, your method is flawed. I have ALREADY given you reasons why. That is also before we might consider ‘opportunity cost’. Had you used a better methodology and found the right companies that had high ROE and high ROCE that reinvested capital at high returns - rather than you investing dividends in companies that were likely to have low ROE and low ROCE - that few hundred K, or whatever it is you have, could be worth millions.

I made £4M in the ‘90s executing my ‘method’. I now know it wasn’t my method that drove that success at all. It was more to do with right-place-at-the-right-time than any ‘method’ I chose short of being absolutely stupid. You would do better if you recognised that fact too. As I have said before, central bank policy since 2008 has pretty much driven all assets far beyond their intrinsic worth now that interest rates are normalising. Companies will not have the ability to invest capital for the same returns they had a few years back. Consumers will not have the same disposable income. Choosing an investment method is critical more today than at any time this century. I would advise others to not follow your method blindly.

[woodhawk] 28/3/2024 15:30:31

I'm astonished at all the whingeing about Labour.
It's the Tories who have savaged both capital gains and dividend allowances, reducing both to a fraction of what they were. It is they who have frozen income allowances until 2028; and it is they who have made this country largely uninvestable since the idiotic Johnson championed the Brexit vote. The City clearly believes that Rachel Reeves will be a far more capable Chancellor than Hunt. And I haven't even mentioned those lunatics Truss and Kwarteng.

[dutchguilder] 28/3/2024 14:48:27

If you fail to prepare, then prepare to fail🤔

[lippy4] 28/3/2024 14:33:11

labour has said that council tax groupings will be looked into which will mean possible many will end up in higher codes as the value of property especially in the south has grown so much,our house being one like many here..

[woodhawk] 28/3/2024 14:24:49

adejuk,

Well done for working to 80 and enjoying it! I became freelance in 1985, basically pursuing my 'hobby' for the next 30 years and loving nearly every minute. Despite being relatively well-paid, I was still glad to finally give it up a few years ago.

When Labour get in, as they will - there is no way they will tamper with existing ISAs.

[adejuk] 28/3/2024 14:13:43

i think woody is a buffet avatar!
most of mine is in divi stocks at circa 11% and, recently, large cap growth.
however, foolishly, i hold only 6 and am planning to diversify when i cash in my sipp.
i am almost 80 and still earn a great deal [hostage to fortune]!. it makes decisions much harder when you don't want to retire and can still practice.
why would anyone want to retire?
work is not only fun and rewarding but it keeps you alive.

[tornado12] 28/3/2024 14:10:19

I get your point to plan for worst case of Labour government , so unless they cancel all our TAX FEE ISA investments, I think I am fairly covered. I have 3 years to retire and majority of my investments, I feel will be resilient to change. Heres hoping anyway..GLA

[rongetsrich] 28/3/2024 14:04:56

I wouldn’t touch the left leaning Times, so touché!
I haven’t let on about my investing style, so a snapshot on what I’ve done here won’t give anything, again.
A mix of infinity investing and compounding.
Nothing to boast about, but kind of trumps the income that Woody boasts of, and if he’s drawing a pension he’s significantly older than me.
One piece of advice, if I may, start looking at the worst Labour will do to you. Take it or leave it, but we all should have plan!

[woodhawk] 28/3/2024 13:49:15

Hence the (current) large yields and discounts to NAV.

[tornado12] 28/3/2024 13:48:52

Ron, thanks for your recommendation, but I am subscribed to The Times... wouldnt touch the Telegraph .. Good Luck with your strategy

[tornado12] 28/3/2024 13:47:10

Thanks WH, I note the renewables are going through tough time in the last year , including the 2 you have highlighted(about 30% drop in SP).. Is linked to the global drop in Energy prices I guess !!??!!

[woodhawk] 28/3/2024 13:33:14

tornado12,

REITS - SOHO and PHP (NB REITS have diff payment structure).
RENEWABLES: FSFL and NESF. Also had GLO (was taken out for chunky premium in 2022).

[zicopele] 28/3/2024 13:32:52

Woodhawk..what REITs are you in at present?

What do you think of BT?

[rongetsrich] 28/3/2024 13:23:31

Tornado12, subscribe to the Telegraph, then ask the experts to rate your portfolio.

[tornado12] 28/3/2024 12:55:27

Woodhawk, first, Thanks for your response and opening up your strategy. I dont hold as many shares as you (12), so could be a weakness on my part, but I hold in some similar fields, like Financials, Tabacco, housebuilder, and mining. This year I continue to grow in mining sector primarily in RIO (adding on dips). Regarding your comment on commercial REITs and RENEWABLES, can you give me some tips in these sectors ?.... I am pretty wary of renewable sector so far based on their heavy requirements on government backed incentives, which can be pulled at any time. Certainly energy sector is a gap in my portfolio.... Thanks again & GLA

[rongetsrich] 28/3/2024 12:43:03

Woody can't quantify -so many- before anyone asks. Sneering and snide as usual!

[pete160] 28/3/2024 12:40:41

Jeepers people, calm down everyone.If Christ had risen and seen the posts on here of late, he'd probably have crawled back behind the rock

[woodhawk] 28/3/2024 12:05:39

Louis Brandeis,

Applying my own methodology has resulted in a very decent - and growing - income, with miniscule tax, and with very little work involved in generating it. That's was my objective and I have achieved it. Speaking for myself, therefore, I have no interest in your "personal advice" - but thanks anyway.

As for your rather pompous "anyone and his dog could have made money with a little effort" - funny how so many are currently struggling then, isn't it? No offence intended.

[rongetsrich] 28/3/2024 12:04:55

Smurf, what are you rambling on about????? Please give us all a laugh and tell me what post number I said I do anything other than buy and occasionally sell shares.You may enjoy posting nonsense, but tell us all where your confusion has arrived! You've made my day for talking at odds with all of my recent posts.

[louis brandeis] 28/3/2024 11:53:32

No offence Woodhawk but anyone and his dog could have made money with a little effort over the last decade where interest rates - cost of money - was zip. It is going to be much much harder going forward for companies to make similar levels of money and throw all the capital off to shareholders. Having the right methodology is going to be more important than probably any other time this century.