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Tim D
Posted: 10 April 2018 15:55:58(UTC)

Joined: 07/06/2017(UTC)
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Implemented my plan for this year's ISA cash:

Greed is buying into a theory everyone else is avoiding UK assets because of brexit uncertainty. But one day they'll come roaring back into fashion (surely? please?)... so added to existing holdings in IUKP (iShares UK Property ETF) and VMID (Vanguard's FTSE250 tracker).

Fear was toying with adding to the PNL/RICA/CGT I picked up after trimming some tracker holdings in that post-xmas "melt-up"... but doesn't want to pay their charges. Buying some more VLS60 (or going down to 40 maybe) might have fit the bill... but I quite liked the idea (from another thread here) of "only buying the good bits of the index" so trying an experiment splitting between IFWQ (iShares MSCI World Quality Factor) and SAAA (iShares Global Government AAA-AA Capped Bond; arguably the "quality" bits of the bond universe). If I had less cash outside of ISA/SIPP I'd have probably just left the SAAA funds in cash instead, but I don't like cash sitting uninvested inside a tax-wrapper and I like SAAA's geographical (and currency) spread (unlike most market-cap global bond trackers, there's not such huge bias to the US). The duration of 7.7 may well turn out to be painful though.

But first used the cash injection to simultaneously (avoiding time out-of-market in these volatile times) ditch Newton Asian Income and roll the value into my existing L&G Pacific Index Trust holding. The Newton fund used to do better until about a year ago when (I think) it got a new manager.

Some accumulated divis still to invest. Probably to be split between something micro-cappy and some steady divi payers.
7 users thanked Tim D for this post.
Jim S on 10/04/2018(UTC), Sara G on 10/04/2018(UTC), Guest on 10/04/2018(UTC), dyfed on 10/04/2018(UTC), c brown on 10/04/2018(UTC), Vince. on 11/04/2018(UTC), Alan M on 13/04/2018(UTC)
philip gosling
Posted: 10 April 2018 21:38:21(UTC)

Joined: 06/01/2013(UTC)
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LISAs
Last year's LISA (only completed last week) and this year's LISA now done today (and last year of entry allowed into the system). No ability to use for house purchase so 20 year life (unless want 25% tax charge). LT Global (and here I must thank KL for pointing out this one to me) and an old favourite Scottish Mortgage Investment Trust but stuck for my third long term choice. I see China, India, Brazil, Indonesia & Germany as more important in 20 years time whereas some (KL?) see Bulgaria, Romania, Hungary, Poland, Belorussia and Russia etc as good future growth opportunities. If only there was a well run small up and coming Trust or ETF that did new "Frontiers".
1 user thanked philip gosling for this post.
gillyann on 10/04/2018(UTC)
Tom Bards
Posted: 10 April 2018 21:50:38(UTC)

Joined: 28/06/2017(UTC)
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Added to my LT Global, BG Global Discovery and BG Japanese Smaller Companies positions.

Trimmed my SMT position slightly.
1 user thanked Tom Bards for this post.
gillyann on 10/04/2018(UTC)
Andrew Smith 259
Posted: 10 April 2018 21:56:02(UTC)

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philip gosling;60449 wrote:
LISAs
Last year's LISA (only completed last week) and this year's LISA now done today (and last year of entry allowed into the system). No ability to use for house purchase so 20 year life (unless want 25% tax charge). LT Global (and here I must thank KL for pointing out this one to me) and an old favourite Scottish Mortgage Investment Trust but stuck for my third long term choice. I see China, India, Brazil, Indonesia & Germany as more important in 20 years time whereas some (KL?) see Bulgaria, Romania, Hungary, Poland, Belorussia and Russia etc as good future growth opportunities. If only there was a well run small up and coming Trust or ETF that did new "Frontiers".



Ii your interested in Frontier markets then I quite like BLACKROCK FRONTIERS INVESTMENT TRUST (BRFI). Strangely it has been quite a good diversifier over the last few months. Over last 3 months it’s only down about 3% in share price terms.
2 users thanked Andrew Smith 259 for this post.
philip gosling on 11/04/2018(UTC), dlp6666 on 11/04/2018(UTC)
King Lodos
Posted: 10 April 2018 22:09:04(UTC)

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philip gosling;60449 wrote:
LISAs
Last year's LISA (only completed last week) and this year's LISA now done today (and last year of entry allowed into the system). No ability to use for house purchase so 20 year life (unless want 25% tax charge). LT Global (and here I must thank KL for pointing out this one to me) and an old favourite Scottish Mortgage Investment Trust but stuck for my third long term choice. I see China, India, Brazil, Indonesia & Germany as more important in 20 years time whereas some (KL?) see Bulgaria, Romania, Hungary, Poland, Belorussia and Russia etc as good future growth opportunities. If only there was a well run small up and coming Trust or ETF that did new "Frontiers".


I see you're flailing about in here now .. Top investing tip: there's virtually no relationship between a country's growth and its future stock market returns.

Why? Because markets price things like that in .. We know how much India's likely to grow over the next 20 years, and that's reflected in how much we pay for those assets .. So why should you be paid more just for stating the obvious?

Indian stocks are often more expensive than US; Tencent's twice the price of Facebook .. High returns come from identifying anomalies in market pricing – exactly the same as sports betting: bet on the odds on favourite every time and you can guaranteed you'll go broke .. Look at this table of global market return estimates, and notice how strong a role valuation plays..

www.gurufocus.com/global-market-valuation.php


1 user thanked King Lodos for this post.
chazza on 11/04/2018(UTC)
philip gosling
Posted: 11 April 2018 07:25:23(UTC)

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King Lodos;60454 wrote:
philip gosling;60449 wrote:
LISAs
Last year's LISA (only completed last week) and this year's LISA now done today (and last year of entry allowed into the system). No ability to use for house purchase so 20 year life (unless want 25% tax charge). LT Global (and here I must thank KL for pointing out this one to me) and an old favourite Scottish Mortgage Investment Trust but stuck for my third long term choice. I see China, India, Brazil, Indonesia & Germany as more important in 20 years time whereas some (KL?) see Bulgaria, Romania, Hungary, Poland, Belorussia and Russia etc as good future growth opportunities. If only there was a well run small up and coming Trust or ETF that did new "Frontiers".


I see you're flailing about in here now .. Top investing tip: there's virtually no relationship between a country's growth and its future stock market returns.

Why? Because markets price things like that in .. We know how much India's likely to grow over the next 20 years, and that's reflected in how much we pay for those assets .. So why should you be paid more just for stating the obvious?

Indian stocks are often more expensive than US; Tencent's twice the price of Facebook .. High returns come from identifying anomalies in market pricing – exactly the same as sports betting: bet on the odds on favourite every time and you can guaranteed you'll go broke .. Look at this table of global market return estimates, and notice how strong a role valuation plays..

www.gurufocus.com/global-market-valuation.php





KL Mean Spirited as usual

I see KL cannot keep his mouth shut while he looks for jobs during the night. Take a hint I do not want your comments or opinions - just cash in your welfare cheques and leave me alone . Try harder to enter the real world and get a job. Just stop being a nasty mean spirited guy trolling people with your snide remarks. Oh and still waiting for tips on how Hungary is a better investment than Germany but don't bother sending them to me eh?
Mr Helpful
Posted: 11 April 2018 10:55:31(UTC)

Joined: 04/11/2016(UTC)
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Must confess to a little disappointment, that the Friday sell-off on Wall Street failed to carry through.
Still probable that the bear-trend remains intact, but must avoid peering into the future and concentrate on what may be on offer today.

So far this week on the 'risk-side'; managed only to add to a single position JRS (Russia), on sharp weakness amidst all the alarums and excursions.

On the 'defensive-side' added to SEQI (debt), and recent new position BT.A (infrastructure).
The latter may or may not, now be slowly forming a bottom with -ve momentum maybe having run its' course? Much will depend on the results.

"Sometimes there is little or nothing that can or needs to be done".
Patience sorely needed at this point in the cycle.
4 users thanked Mr Helpful for this post.
dyfed on 11/04/2018(UTC), Tim D on 11/04/2018(UTC), Andrew Smith 259 on 11/04/2018(UTC), Jim S on 11/04/2018(UTC)
King Lodos
Posted: 11 April 2018 13:39:24(UTC)

Joined: 05/01/2016(UTC)
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philip gosling;60459 wrote:
King Lodos;60454 wrote:
philip gosling;60449 wrote:
LISAs
Last year's LISA (only completed last week) and this year's LISA now done today (and last year of entry allowed into the system). No ability to use for house purchase so 20 year life (unless want 25% tax charge). LT Global (and here I must thank KL for pointing out this one to me) and an old favourite Scottish Mortgage Investment Trust but stuck for my third long term choice. I see China, India, Brazil, Indonesia & Germany as more important in 20 years time whereas some (KL?) see Bulgaria, Romania, Hungary, Poland, Belorussia and Russia etc as good future growth opportunities. If only there was a well run small up and coming Trust or ETF that did new "Frontiers".


I see you're flailing about in here now .. Top investing tip: there's virtually no relationship between a country's growth and its future stock market returns.

Why? Because markets price things like that in .. We know how much India's likely to grow over the next 20 years, and that's reflected in how much we pay for those assets .. So why should you be paid more just for stating the obvious?

Indian stocks are often more expensive than US; Tencent's twice the price of Facebook .. High returns come from identifying anomalies in market pricing – exactly the same as sports betting: bet on the odds on favourite every time and you can guaranteed you'll go broke .. Look at this table of global market return estimates, and notice how strong a role valuation plays..

www.gurufocus.com/global-market-valuation.php





KL Mean Spirited as usual

I see KL cannot keep his mouth shut while he looks for jobs during the night. Take a hint I do not want your comments or opinions - just cash in your welfare cheques and leave me alone . Try harder to enter the real world and get a job. Just stop being a nasty mean spirited guy trolling people with your snide remarks. Oh and still waiting for tips on how Hungary is a better investment than Germany but don't bother sending them to me eh?



I'm teaching you .. It's clear when people don't have a clue what they're doing.

You either want reasons Hungary's better or you don't.

– Hungary's still going to be a European country in 30 years .. Germany's going to be somewhere between that and a refugee camp (that is if mass social uprising, on either side, hasn't taken it somewhere else).

– Hungary and China are trying to fix the demographic problem .. Nations that avoid doing that will disappear, and as un-PC as it is, Africa's economy isn't something you want to import (you can't just import the demographics);

– You can buy the same business in Hungary on an earnings yield of 15%, that you can in Germany on 5% (I know you won't know what earnings yields are);

– I'd add that you can tell a lot about a country by the films it makes .. You can tell whether it's populated by people who can vote sensibly in elections; build things; start businesses; make products worthy of Apple .. or whether it's full of brainwashable militia.

A country that can make films like Son of Saul is a country you want to take seriously .. China's film industry was the same, even when it was a starving country – its films could compete with the best of the West; its economy would soon follow

2 users thanked King Lodos for this post.
Andrew Smith 259 on 11/04/2018(UTC), Guest on 11/04/2018(UTC)
dyfed
Posted: 11 April 2018 14:05:41(UTC)

Joined: 01/09/2016(UTC)
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May I point out that this is the "Transactions" thread? I feel that it would be good if people could limit their observations on it to what they have bought and sold.
Thanks in anticipation.
32 users thanked dyfed for this post.
Andrew Smith 259 on 11/04/2018(UTC), Mr Helpful on 11/04/2018(UTC), Lemanie on 11/04/2018(UTC), PabloMartini on 11/04/2018(UTC), Rishan on 11/04/2018(UTC), Jeff Liddiard on 11/04/2018(UTC), Keith Hilton on 11/04/2018(UTC), Guest on 11/04/2018(UTC), Jim S on 11/04/2018(UTC), andy mac on 11/04/2018(UTC), Guest on 11/04/2018(UTC), chubby bunny on 11/04/2018(UTC), Mickey on 11/04/2018(UTC), gillyann on 11/04/2018(UTC), Vince. on 11/04/2018(UTC), Tyrion Lannister on 11/04/2018(UTC), dlp6666 on 12/04/2018(UTC), Guest on 12/04/2018(UTC), Peter59 on 12/04/2018(UTC), Gary Millar on 13/04/2018(UTC), Harry Trout on 13/04/2018(UTC), Big boy on 13/04/2018(UTC), Freddy4Skin on 13/04/2018(UTC), Guest on 13/04/2018(UTC), john brace on 13/04/2018(UTC), Margaret D on 13/04/2018(UTC), AJW on 13/04/2018(UTC), Micawber on 13/04/2018(UTC), Tim D on 13/04/2018(UTC), Trev DIYer on 14/04/2018(UTC), Ardeebee on 14/04/2018(UTC), satish mittal on 20/04/2018(UTC)
Sara G
Posted: 13 April 2018 08:51:33(UTC)

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Top-sliced MCRO this morning. The news of Elliot Investors taking a stake has caused a spike. It may have further to go but my holding had gotten out of proportion with other individual shares - I bought most of it around 925p.
2 users thanked Sara G for this post.
dyfed on 13/04/2018(UTC), dlp6666 on 13/04/2018(UTC)
dyfed
Posted: 13 April 2018 09:05:36(UTC)

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Sold MCRO as not entirely convinced that the big takeover will come right fast, even with Elliot's help. Trying to buy SGE but so far without success: both Alliance and HL tell me to phone them for a transaction,so can only think things are hectic !
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Sara G on 16/04/2018(UTC)
Big boy
Posted: 13 April 2018 09:09:49(UTC)

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Bought a few Hammerson this morning on French Investment Trust pulling away from bidding 635p for Compnay.

Big boy
Posted: 13 April 2018 15:01:10(UTC)

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SDU appointing Baillie G....OAK. Director buying and MNL looking at variable Man. fee.
A small bounce in Hammerson this afternoon.
1 user thanked Big boy for this post.
Slacker on 13/04/2018(UTC)
Jim S
Posted: 13 April 2018 16:56:15(UTC)

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Big boy;60560 wrote:
SDU appointing Baillie G....OAK. Director buying and MNL looking at variable Man. fee.
A small bounce in Hammerson this afternoon.


SDU up 6.1% today. I wish Baillie G was publicly listed, it would make a great shareholding.

ESO up 10% in 2 weeks, hoping GHS gets a similar uplift once its holdings are appreciated.

Still pondering whether to add OAK or play safer and top up LTGE core holding
Big boy
Posted: 13 April 2018 18:51:54(UTC)

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Jim S;60563 wrote:
Big boy;60560 wrote:
SDU appointing Baillie G....OAK. Director buying and MNL looking at variable Man. fee.
A small bounce in Hammerson this afternoon.


SDU up 6.1% today. I wish Baillie G was publicly listed, it would make a great shareholding.

ESO up 10% in 2 weeks, hoping GHS gets a similar uplift once its holdings are appreciated.

Still pondering whether to add OAK or play safer and top up LTGE core holding


I only buy conventional trusts on 25/30% discounts.
Tyrion Lannister
Posted: 13 April 2018 22:33:33(UTC)

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Big boy;60572 wrote:
Jim S;60563 wrote:
Big boy;60560 wrote:
SDU appointing Baillie G....OAK. Director buying and MNL looking at variable Man. fee.
A small bounce in Hammerson this afternoon.


SDU up 6.1% today. I wish Baillie G was publicly listed, it would make a great shareholding.

ESO up 10% in 2 weeks, hoping GHS gets a similar uplift once its holdings are appreciated.

Still pondering whether to add OAK or play safer and top up LTGE core holding


I only buy conventional trusts on 25/30% discounts.


Isn’t it more important what the trust is likely to do in future and how it fits with your portfolio/investment strategy?

The true value of an IT is related to what people will pay for it, not its discount.

I own a house in the North of England which I bought at a massive discount compared to the South East.....

Did I get a “bargain”?
King Lodos
Posted: 13 April 2018 22:54:13(UTC)

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I think the strategy would suggest there's no way to know what a trust will do in the future .. But the discount it's on is something you do know.

So even efficient market types (who say there's no reliable way to beat the index) have to concede IT discounts do represent a tradable opportunity – because if the underlying shares are priced correctly, you're simply buying them cheaper than what they're worth.

I don't quite go in for it myself, because I don't think markets are that efficient – e.g. I'd still consider BP or Tesco overvalued on a 20% discount, and Unilever undervalued on a 30% premium
2 users thanked King Lodos for this post.
Jim S on 15/04/2018(UTC), Andrew Smith 259 on 22/04/2018(UTC)
Tyrion Lannister
Posted: 13 April 2018 23:06:38(UTC)

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I bought VUSA today. I went for the ETF because the S&P 500 is as close to efficient as there is. It’s now the only Equity ETF I own.

I bought it with the proceeds from selling VWRL.

3 users thanked Tyrion Lannister for this post.
dyfed on 14/04/2018(UTC), Mr Helpful on 14/04/2018(UTC), Tim D on 14/04/2018(UTC)
Tyrion Lannister
Posted: 13 April 2018 23:13:40(UTC)

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...btw, I also own a mix of Global Equity income and Global Smaller Companies funds. Theses are not efficient markets!

Standard Life Global Smaller companies
FCS
Artemis Global Income
HINT
1 user thanked Tyrion Lannister for this post.
Mr Helpful on 14/04/2018(UTC)
Ardeebee
Posted: 14 April 2018 10:21:08(UTC)

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New ISA allowances (x2) used this week on following:

Racy stuff (40%)
RUSP & BEEP topped up holding in both as politics weighing heavily on Russia
MBH added to portfolio hopefully as kind to me as IBST, bricks over builders theory
VOF top up as Vietnam looks less volatile than some EM/Frontier


Boring stuff (60%)
LLOY BARC SAN AHT all topped up
6 users thanked Ardeebee for this post.
Mr Helpful on 14/04/2018(UTC), Fell Walker on 14/04/2018(UTC), antigricer on 14/04/2018(UTC), Tim D on 14/04/2018(UTC), gillyann on 16/04/2018(UTC), dlp6666 on 16/04/2018(UTC)
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