7777 for me please. Expecting a dip then a rebound to roughly where we are now. Which means it wont happen...
So that’s you AND @CharltonKerry who’ve taken my guess for the December end. Good luck 😉👍🏻
Well this is for June end, if I were using all my knowledge, insight and vast experience (aka guessing) end December now I'd be forecasting somewhere just north of 8000.
@Rob7Lee can I please revise my June guess to 7745 to avoid clashing? Cheers
I have been meaning to follow up my moans about 2022 with a few remarks about the bright spots, which also call for some thanks to a few people on here. This was the year I discovered the joys of income. Of course this is partly thanks to the surge in interest rates which heralded savings account opps. which were unthinkable even at the beginning of the year, but the portfolio of funds my IFA put together with an eye on delivering income have done well, and I now have a decent portfolio of shares which deliver good dividends. Some of them I chose after suggestions from @Rob7Lee (aka Mr Direct Line) and @WishIdStayedinthePub. Of course neither were offering pro advice, and another suggestion from someone who normally makes good calls has gone a bit pear. But anyway you make your own bed investing, and you lie in it. Thanks for the tips that have done well guys. The one I'm most pleased with is a company I did some work for just before shutting up shop so I got to see them up close and personal. It's Novo Nordisk, a Danish pharma. Their core business is diabetes treatments, where they are a strong market leader, but this year, soon after I bought, they announced impressive trial results for an anti-obesity drug. They are now up 39% since I bought this year, and I was buying mainly for reliable dividends! (unfortunately it's not traded on the FTSE)
Income isn't a priority if you are half my age but I'm very happy with how this has gone, especially as the savings accounts look set to stay bouyant for most of this year. I opened a spreadsheet to log the income as it rolls in, and I include the Premium Bonds there, so generally I can enter a happy update each month, which is an excellent antidote to contemplating the wreckage of bloody Vanguard Life Strategy
I have been meaning to follow up my moans about 2022 with a few remarks about the bright spots, which also call for some thanks to a few people on here. This was the year I discovered the joys of income. Of course this is partly thanks to the surge in interest rates which heralded savings account opps. which were unthinkable even at the beginning of the year, but the portfolio of funds my IFA put together with an eye on delivering income have done well, and I now have a decent portfolio of shares which deliver good dividends. Some of them I chose after suggestions from @Rob7Lee (aka Mr Direct Line) and @WishIdStayedinthePub. Of course neither were offering pro advice, and another suggestion from someone who normally makes good calls has gone a bit pear. But anyway you make your own bed investing, and you lie in it. Thanks for the tips that have done well guys. The one I'm most pleased with is a company I did some work for just before shutting up shop so I got to see them up close and personal. It's Novo Nordisk, a Danish pharma. Their core business is diabetes treatments, where they are a strong market leader, but this year, soon after I bought, they announced impressive trial results for an anti-obesity drug. They are now up 39% since I bought this year, and I was buying mainly for reliable dividends! (unfortunately it's not traded on the FTSE)
Income isn't a priority if you are half my age but I'm very happy with how this has gone, especially as the savings accounts look set to stay bouyant for most of this year. I opened a spreadsheet to log the income as it rolls in, and I include the Premium Bonds there, so generally I can enter a happy update each month, which is an excellent antidote to contemplating the wreckage of bloody Vanguard Life Strategy
Well done @PragueAddick & pleased most of your calls have come off. Hope mine were part of the positive ones & not the negatives 😄.
Thing is, you sometimes can't help people. I have a client I'm seeing next week & just doing the prep for it today. They have a Stakeholder pension they set up themselves some years ago & have been very resistant to change it to even a basic SIPP or Drawdown plan (they are now retired). The only thing they have agreed to do is to let me be the "servicing agent" on the plan which means I can go online & obtain statements etc. As a stakeholder plan it does not pay any adviser fees so it's not as if I even get paid for "looking" at it and as such there is nothing I can really do regarding "advice" apart from telling them annually what they should be doing with regard to funds & letting them get on with it. In checking today it appears they are in a "Lifestyle" model, where the closer you get to retirement the more cautious the funds are. The kicker being that this model is set up at retirement to be 70% Bonds & 30% cash.....and last year their pension fell 25.7%. Ouch. They have c£130k sat there (which I don't think they need atm as they have other pension provision) and I'll have to have, yet again, THAT conversation about rick v reward....but what do you do when some is mid 60's and feels that equity is too risky ? Ho hum.
I have been meaning to follow up my moans about 2022 with a few remarks about the bright spots, which also call for some thanks to a few people on here. This was the year I discovered the joys of income. Of course this is partly thanks to the surge in interest rates which heralded savings account opps. which were unthinkable even at the beginning of the year, but the portfolio of funds my IFA put together with an eye on delivering income have done well, and I now have a decent portfolio of shares which deliver good dividends. Some of them I chose after suggestions from @Rob7Lee (aka Mr Direct Line) and @WishIdStayedinthePub. Of course neither were offering pro advice, and another suggestion from someone who normally makes good calls has gone a bit pear. But anyway you make your own bed investing, and you lie in it. Thanks for the tips that have done well guys. The one I'm most pleased with is a company I did some work for just before shutting up shop so I got to see them up close and personal. It's Novo Nordisk, a Danish pharma. Their core business is diabetes treatments, where they are a strong market leader, but this year, soon after I bought, they announced impressive trial results for an anti-obesity drug. They are now up 39% since I bought this year, and I was buying mainly for reliable dividends! (unfortunately it's not traded on the FTSE)
Income isn't a priority if you are half my age but I'm very happy with how this has gone, especially as the savings accounts look set to stay bouyant for most of this year. I opened a spreadsheet to log the income as it rolls in, and I include the Premium Bonds there, so generally I can enter a happy update each month, which is an excellent antidote to contemplating the wreckage of bloody Vanguard Life Strategy
Glad to hear I got something right with DLG! Suspect you're up at least 20% and the yield/divi must be 10%+ on that basis. Not sure how much you bought but I'd take some profit. The insurance industry is getting pummelled on their Reinsurance buying (rates up 30-40%). DLG pay a decent wedge already for theirs so will effect profit as I doubt they'll be able to claw it back in it's entirety from policy holders.
Did I not suggest SAGA around that time as well? Took a punt at about 85p, sold out at £1.25 just before Christmas. Still rising, about £1.50 now but heh ho.
This might be a naive question, @PragueAddick, but as someone who seems pretty clued-up on his investments, what do you see as the advantage in investing for dividends rather than in shares with low/no dividend? In the latter case if you want a 5% income you can just sell 5% of your holding each year. This gives you control of your income stream and (under UK tax rules at least) the ability potentially to use your CGT allowance each year. I'm starting to give consideration to such matters as retirement looms large on my horizon (and I'm not actually working while I languish on an NHS waiting list), so orhers' perspectives are very welcome and helpful.
This might be a naive question, @PragueAddick, but as someone who seems pretty clued-up on his investments, what do you see as the advantage in investing for dividends rather than in shares with low/no dividend? In the latter case if you want a 5% income you can just sell 5% of your holding each year. This gives you control of your income stream and (under UK tax rules at least) the ability potentially to use your CGT allowance each year. I'm starting to give consideration to such matters as retirement looms large on my horizon (and I'm not actually working while I languish on an NHS waiting list), so orhers' perspectives are very welcome and helpful.
Which savings account would you put your cash in, the one paying 0% interest or the one paying 5% interest? Especially if you don't draw and therefore get the compounding effect.
This might be a naive question, @PragueAddick, but as someone who seems pretty clued-up on his investments, what do you see as the advantage in investing for dividends rather than in shares with low/no dividend? In the latter case if you want a 5% income you can just sell 5% of your holding each year. This gives you control of your income stream and (under UK tax rules at least) the ability potentially to use your CGT allowance each year. I'm starting to give consideration to such matters as retirement looms large on my horizon (and I'm not actually working while I languish on an NHS waiting list), so orhers' perspectives are very welcome and helpful.
Which savings account would you put your cash in, the one paying 0% interest or the one paying 5% interest? Especially if you don't draw and therefore get the compounding effect.
My point is really if you take two otherwise identical companies making the same amount of profit and with identical asset bases, except company A pays a 5% dividend and company B pays no dividend, instead retaining and reinvesting the profits, the share price of B should theoretically increase by 5% more than that of A. This then gives you the choice of either selling a % of your holding in company B or benefitting from increased capital growth. I do appreciate that real world comparisons are difficult as so many factors come into play.
The interest bearing account comparison doesn't hold water as interest is the only benefit - there is no opportunity for capital growth in a savings account.
Comments
So I can't complain
Doubtless they will punish me for this in 2023
1x £500
Ding Dong.
FF £100
All helps towards the expenses for next Tuesday.
@Rob7Lee can I please revise my June guess to 7745 to avoid clashing? Cheers
Income isn't a priority if you are half my age but I'm very happy with how this has gone, especially as the savings accounts look set to stay bouyant for most of this year. I opened a spreadsheet to log the income as it rolls in, and I include the Premium Bonds there, so generally I can enter a happy update each month, which is an excellent antidote to contemplating the wreckage of bloody Vanguard Life Strategy
Thing is, you sometimes can't help people. I have a client I'm seeing next week & just doing the prep for it today. They have a Stakeholder pension they set up themselves some years ago & have been very resistant to change it to even a basic SIPP or Drawdown plan (they are now retired). The only thing they have agreed to do is to let me be the "servicing agent" on the plan which means I can go online & obtain statements etc. As a stakeholder plan it does not pay any adviser fees so it's not as if I even get paid for "looking" at it and as such there is nothing I can really do regarding "advice" apart from telling them annually what they should be doing with regard to funds & letting them get on with it. In checking today it appears they are in a "Lifestyle" model, where the closer you get to retirement the more cautious the funds are. The kicker being that this model is set up at retirement to be 70% Bonds & 30% cash.....and last year their pension fell 25.7%. Ouch. They have c£130k sat there (which I don't think they need atm as they have other pension provision) and I'll have to have, yet again, THAT conversation about rick v reward....but what do you do when some is mid 60's and feels that equity is too risky ? Ho hum.
Did I not suggest SAGA around that time as well? Took a punt at about 85p, sold out at £1.25 just before Christmas. Still rising, about £1.50 now but heh ho.
This guys video's are worth a look - https://www.youtube.com/@TheCompoundingInvestor
In the latter case if you want a 5% income you can just sell 5% of your holding each year. This gives you control of your income stream and (under UK tax rules at least) the ability potentially to use your CGT allowance each year. I'm starting to give consideration to such matters as retirement looms large on my horizon (and I'm not actually working while I languish on an NHS waiting list), so orhers' perspectives are very welcome and helpful.
I do appreciate that real world comparisons are difficult as so many factors come into play.
The interest bearing account comparison doesn't hold water as interest is the only benefit - there is no opportunity for capital growth in a savings account.