You should re-read what he wrote. He is absolutely spot-on with what he says.
Your tone is bang out of order once again though
Moderator: CIC officers
You should re-read what he wrote. He is absolutely spot-on with what he says.
Thank you for advising me once again on how I should speak - bang out of order.
This is my job seeing as I'm someone with moderator privileges in this specific forum.
With respect, I don't think you understand how the club works, what kind of shares we are looking to buy and the reality of how it is funded - therefore it is quite wrong to tell the members of the club who do know how it works they are wrong, and to be frank, make out they are stupid for not agreeing with you.Boro Boy wrote: ↑Sat Jun 13 2020 12:52amAs regards your colleague I can only repeat what I said and if you would care to study these matters you would realise why he is so wrong. Additionally, when there is a cheaper route to purchasing shares why do you choose the most expensive one?
Thank you and Good Night
My pleasure.Boro Boy wrote: ↑Sat Jun 13 2020 12:12amYou have just convinced me that you do not understand a word of what I have been talking about and have little or no idea of investment strategies. Best wishes...AAAlphaThunder wrote: ↑Fri Jun 12 2020 11:42pmIt would be impractical for our current method of investment.
However, all is not lost, I envisage that one day we will have several funds for investors in the imutual Cashback Investment Club for different risk profiles and methods of investment. One of those funds will undoubtedly be a "low-risk income fund" and the information you have given will be well suited to such a fund.
Thank you in advance.
That's the crux of what you fail to understand.Boro Boy wrote: ↑Fri Jun 19 2020 6:15pmAn ideal example of a Sector you could have drip fed investment into for future gains, no-body knows the exact turnaround date but possibly three years away would allow time to build up a sensible holding and ride the ups and downs on the way to that point: https://www.france24.com/en/business/20 ... 2463152530
I would slightly deviate from your comments, in so far as to agree whilst it is currently not part of the existing strategy I think the idea is definitely worthy of ongoing discussion to consider the pros/cons of incorporating into any future strategy. I am aware we have taken quite a while to establish our current strategy, which in terms of process (and in the main overall performance) is working really well for us. Therefore I would definitely not want us to rush into deviating from this, however as with any strategy it should be monitored and reviewed. As part of this considering new ideas should definitely be a key element.AAAlphaThunder wrote: ↑Fri Jun 19 2020 6:42pmThat's the crux of what you fail to understand.Boro Boy wrote: ↑Fri Jun 19 2020 6:15pmAn ideal example of a Sector you could have drip fed investment into for future gains, no-body knows the exact turnaround date but possibly three years away would allow time to build up a sensible holding and ride the ups and downs on the way to that point: https://www.france24.com/en/business/20 ... 2463152530
The imutual Cashback Investment Club doesn't want to "ride the ups and downs on the way to that point". Our strategy is to buy good quality shares at a good price and make a profit. Not drip feed and not average out the buy price.
I agree. The important thing is timing. At the moment we need to completely embed the current strategy, which is definitely more interesting than what we were doing previously. Of course there is also an element to the approach that Boro Boy suggested that might attract new members whom may not be interested in the riskier approach we are currently taking, and would like to just continually invest into a small set group of shares for income. However, in order for that to happen we'd need at least need to be a) confident the addition of a new "fund" would attract sufficient interest to make it viable b) have some way of differentiating units from a new fund to the current so as to protect adverse effects either may have on the other c) there is sufficient ongoing investment from those taking part to fulfill a direct debit instruction. There are of course other matters too but these three are very important, as without them it is a no starter.
I think this is a good suggestion. I can make a new thread for this and we can discuss any matters there, just as you say. Having a set date to have discussed/proposed things by is a bit of a barrier, so I'd much prefer we have something ongoing and can review things in a bit more dynamic manner as and when. Within reason, I think we have to be agile enough to change direction as and when appropriate.Beachboy wrote: ↑Sat Jun 20 2020 9:21amI think as a CIC it might be worthwhile agreeing how/when we review our strategy. A seperate thread that does not deviate off topic to discuss this and different ideas/options could be sensible. It might be that we quickly rule things out or want to investigate things further, which would be great to help the CIC learn and develop. All of this can happen in parallel to the normal day-to-day operations of the CIC which can operate in line with our current strategy, which as mentioned I feel is currently working well for us
....and here is the new thread.
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