Supermarket Income Reit Share Discussion Threads

[riverman77] 16/11/2023 13:35

Each to their own, but I think you have to be nimble and capture the opportunities that become available. This is especially the case in smaller UK companies where the share price moves can often be quite irrational.
Once out of curiosity I looked at my portfolio positons from 5 years ago and saw how they would have performed if I'd not touched them at all - the results weren't great and would have been far, far below my actual returns. Makes sense, as I was able to get out of companies that I saw were going to face some sort of problem, and buy things which looked more obvious bargains.

[chucko1] 16/11/2023 08:04

There's a fair amount to be said about the efficient market hypothesis - but that does not mean all the books on panics, manias and crashes are redundant.

If one cannot address the question - was -250bps on long Gilt linkers something worth hanging onto? As an aside, I once sold Indian T-Bills at Libor MINUS 1750bps, but that is sometimes the kind of thing that can happen in dislocated markets.

[williamcooper104] 16/11/2023 07:59

Interesting bearing doesn't lunch as well as zero rate deposits

[spectoacc] 16/11/2023 07:17

"Not many traders make billions or are multi millionaires"


Other than many multi-billionaires, mainly in the US, who trade/change their minds with the wind. Soros, Jim Rogers, Ray Dalio, Carl Ichan, John Paulson, Dan Loeb, and many more.

The point on commissions/stamp duty stands - suspect most of us pay far too much of that. Not knocking buy & hold, but "time in the market, not timing the market" is one of the fund industry's favourite fallacies.

[chucko1] 15/11/2023 21:24

"Interest bearing deposits". Hmmm. Is that some new-fangled financial product that is the preserve of the more adventurous fund manager? One could be excused for thinking so.

Physical violence still has its place.

[williamcooper104] 15/11/2023 18:17

I like the co-investment approach of PINT so it's not a fund of fund double fee take Hard to see what their leverage is as all of their assets equity accounted but they will all be leveraged They also know how to put cash in an interest bearing deposit a skill that's alluded some investment trust managers

[madmix] 15/11/2023 18:01

"If you want to make big money, you need to buy and hold for years"

A buy and hold investor in SUPR (or most other REITs) who has held for the last 5 years wouldn't have made much of a return, even when dividends are taken into account.

If the story changes (interest rates, bond yields, economy, etc.) then it makes sense to act accordingly.

Nothing wrong with trading. The problem is OVER trading, which is where most people go wrong.

[riverman77] 15/11/2023 17:42

In the infrastructure and REIT space, PINT is a good one that's not seen much of rebound so far. I bought some this morning. Slightly different, but DUKE has also been quite flat so may top up there too. Otherwise, the rally seems to have been pretty much across the board.

[debeege] 15/11/2023 17:38

Thanks, im not too interested in trading, would rather stick to UK dividend stocks. I have a few SUPR but not sure where to add more. Any UK stocks escaped the rebound and still cheap, maybe TENT? Always looking to diversify my UK stocks. Any quick tickers for me to research TY in advance.

[williamcooper104] 15/11/2023 17:28

US stocks and even bonds are far better to trade, no stamp, tiny spreads and a few dollars commissions You can avoid stamp with CFDs though the commissions and spreads generally higher in UK listed markets - and don't even think about fixed income to trade The problem I've found with trading is opportunity cost, but that's not a problem if you either trading with cash/cash equivalent that would still be cash if you weren't trading or else margin that you wouldn't use to hold long term positions in And of course now cash actually pays which helps a lot of trading strategies - I've had positive carries on shorts

[debeege] 15/11/2023 17:22

Chucko and WilliamCooper, if you had £100k spare for investing in dividend stocks, where would you put it to work considering the recent rebound. TY

[igoe104] 15/11/2023 17:09

The facts are, the best investors are dead people or investors that never touch their portfolios. People constantly jumping in and out of stocks are constantly have dealing costs, and stamp duty and spreads to pay out for.

The most richest investors Warren Buffet, Charlie munger, and the first isa millionaire in this country Lord Lee are all long term investors, who buy and hold. Not many traders make billions or are multi millionaires

[chucko1] 15/11/2023 16:59

igoe104, it rather depends. Individual shares/bonds have specific characteristics which may/may not lend themselves to frequent trading. Where they do, I would aim for an IRR of circa 15%, something clearly not available in most assets under consideration here.

Of the characteristics referred to above, being an IT is standout. A lot of irrational or ignorant players in these markets. After all, as I have said often, who would consider it reasonable to hold the same position with real yields at -250bps as compared with real yields at +125bps.

Compare with the Nikkei - would you happily continue to hold when the CAPE was touching 100x and the ordinary P/E at around 72? Those who happily held lost an entire lifetime of gains. Dollar (yen) cost averaging over 45 years would have netted a zero return if the same investment pace were maintained.

In short, there are no hard and fast rules. That is a rule.

[williamcooper104] 15/11/2023 16:42

No reason why can't do both Stamp duty in the UK is horrible though

[igoe104] 15/11/2023 16:12

If you want to make big money, you need to buy and hold for years, not constantly buying in and out all the time. You just incur fees.

[williamcooper104] 15/11/2023 15:40

I'm back to my long term intended holding level

[chucko1] 15/11/2023 15:16

Sold some more today, but have now bought them back! A day is a long time in REITs.

[spectoacc] 15/11/2023 13:58

Looking forward to that divi, but sold the last of mine today (at a much better price than I sold the first of them yesterday morning - pah).

Good luck holders - like SUPR a lot, but recycling various proceeds into CGT.

[cwa1] 15/11/2023 10:36

Pay day is tomorrow

[richtea2517] 15/11/2023 10:36

Is it divi tomorrow?

[chucko1] 15/11/2023 09:24

Last time 10 yr Gilts were at the current yield (around mid May 2023) SUPR was 7% lower than the current price.

Others, such as NESF, GABI and GCP (there are others) were around 20% higher.

Long term, SUPR is great, but I think it has jumped the gun a little - certain relatively (if it is possible to jump the gun "relatively"?)

[madmix] 14/11/2023 18:20

RECI has been virtually flat for the past couple of months, but I guess with the NAV discount at only 12% it hasn't fallen as far as others (the best buying opportunity was during July).

Currently holding GCP, GABI, SEIT, RECI and NESF.

[chucko1] 14/11/2023 18:00

Bought SREI, RECI, GABI and NESF with 60% of the sales proceeds. Remainder in CSH2.

[spectoacc] 14/11/2023 15:53

Good luck @Flyer61. Me/chucko1 selling and it still going up is a good sign.

@madmix - I'm fond of GCP/SEIT/GABI, but putting most of my cash into CSH2 as I think the market is going to take a bath next* year.

*I said that for this year too