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For me personally I would look to move on Warehouse REIT and Codemasters, the latter with much regret as I'd like us to keep it. However, there is nothing stopping us buying it back again as a additional part of the plan. Both are currently up, so that's good news anyway. If we had £2k to play with that would be nice.
I'm happy to sell Vodafone, Aviva, ITV - but only once we've achieved a profit.richard@imutual wrote: ↑Fri May 22 2020 2:55pmI think we need to move away from the mindset that some have of selling stocks as soon as they show a decent profit, while clinging stubbornly onto losers. Our past investments list shows a large number of stocks that we've sold at a modest profit, while our current investments list is often a sea of deep red. Also given how few active members we have, I think we should reduce the number of stocks we hold so we can focus on just a few and get a better idea of their future prospects
I would start by offloading our "blue chip" stocks: Vodafone, Aviva, ITV - but only once we've decided where to reinvest; sitting on cash would be unwise at the moment
It's true that these are solid companies that may well rebound in the coming months, but they'd have to increase by a huge amount to make up all the lost ground and be worth bothering about
That's not the right way to think about it, though. You've got to believe that ITV, for example, will race faster than the other alternative. Making profit on each individual share is not the point. Maybe ITV will get back into the black for us, but maybe that'll take longer than jumping off now and riding another horse for a bit. You can always jump back on ITV later in the day, with more cash in your pocket to do it.AAAlphaThunder wrote: ↑Fri May 22 2020 4:51pm
I'm happy to sell Vodafone, Aviva, ITV - but only once we've achieved a profit.
In this instance it not what I am suggesting - I'm suggesting we release some cash, from a share and put it to better use in something like Pure Gold Mining. There is significantly decent looking support for this share and it is considerably up at the moment, so we'd be moving on a share or two that are already making us money into this one. Additionally, you have to wonder how the two shares that have bumped up and down (Ramsdens and Bakkavor) are worth such a considerably lower amount as before. I've not seen anything to suggest their current value is warranted. If we don't look at opportunities to invest some of our larger sums of money into shares like these then is it possible we'll miss the boat once again. Since lockdown we have missed many boats and they can't all have sailed yet.richard@imutual wrote: ↑Fri May 22 2020 2:55pmI think we need to move away from the mindset that some have of selling stocks as soon as they show a decent profit
The trouble is these are in an even more depressed state than before and the total sum available from selling them all is still vastly less than selling say Warehouse REIT, which is an income share and isn't ever going to cause much excitement at all. 6-10% a year is clearly nothing to sniff at but it's one you just keep holding and the Club has shown a dislike to sitting on shares and there being no "action".richard@imutual wrote: ↑Fri May 22 2020 2:55pmI would start by offloading our "blue chip" stocks: Vodafone, Aviva, ITV - but only once we've decided where to reinvest; sitting on cash would be unwise at the moment
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