******** The Investment club thread ****

The aim of this thread is for people to share experiences of existing clubs and help people join clubs, or even start new ones in their own area.
With the personal message feature on Money am we should be able to bring people together.

Looking to join or start a club? just leave your details here.

Are you an existing club looking for new members?

You need to look at the Hemscott site - its a CD with massive amounts of info and you can ask for companies with big divs etc via filters. its a way of seeing what is available in terms of fundamentals

little woman , listen to whom you like indeed, if you had taken notice of Ahleys 3300 FTSE forecast applicable to last week,disaster, he was wrong by
-(15%).
If you listen to ainsoph he has been wrong by 97.5% on his self confessed "biggest single share holding",although he called himself KDC at the time, and don`t be so rude you asked for advice not I.
Anyway the shares you mention are now moving into a Bull phase, and your best bet is to ignore paying `s for info. and trickle some money into a tracker
fund.
Stay grown up.

I am very interested in the share you claim is wrong by 97.5% ..... what is it?

ask KDC

Shagnasty - you are not giving me advice - just slagging some one off.

I don't believe in tracker funds - why pay management fees when there are no guarentees. If I'm going to lose or make money it because I made the decision.

I like constructive comments (not distructive which is all you seem to do.) Just because I'm in a discussion does not mean I am going to take up someone elses advice. If your going always make your comments so personal so they are not actually helpful please don't bother........

hahahaha, the little woman eh?

That it - get personal with me - you obviously know nothing!!!!!!

hahahah, I know nothing , that`s right little woman, nothing, whose getting personal,I never said a word.
Trickling money into a tracker at 0.5% is cheaper then dealing anyway, but hey I know nothing.

LOL

Like I (& now you) said you know nothing - 0.5% is not cheaper than dealing for our investment club. You presume too much!

Well if < 0.5% is your dealing cost including stamp duty you are dealing for free, don`t bother asking for advice is my advice, you have cracked the system already,

but hey as we both agree I know nothing!!!!!!!!!!!

I'm not dealing for free - but then again as I've said before you don't know my situation and are still presuming too much.

LONDON, April 14 (Reuters) - The London Stock Exchange said the following FTSE 100 (^FTSE - news) companies would go ex-dividend on Wednesday.

According to Reuters' calculations at current market prices, the effect would be to take 3.44 points off the index.

COMPANY (RIC) DIVIDEND INDEX IMPACT

(pence) (points) BAE Systems 5.50 0.69 Exel (LSE: EXL.L - news) 15.30 0.19 Friends Provident (LSE: FP.L - news - msgs) 4.80 0.34 Hanson (LSE: HNS.L - news - msgs) 10.85 0.33 Old Mutual (LSE: OML.L - news - msgs) 3.10 0.49 Smith & Nephew (LSE: SN.L - news - msgs) 3.00 0.11 Tesco (LSE: TSCO.L -

You know, Shagnasty if you weren't always making sarcastic comments or slagging some one off if you did manage to say something helpful it would be missed. (The question is would you understand what I was getting at, or would you twist it to mean something else which I suspect you.)

ah `little woman` so your statement "0.5% is not cheaper than dealing for dealing for our investment club" was incorrect, fair play, I presumed too much there then, that you were paying less than 0.5% to deal,I mean, but you did imply it, hey what do I know!

ps if you are dividend stripping be very careful, the price can turn very quickly against you, oh and beat budget for 2% costs and spread, oh and don`t forget the % divi. annonced is invariably the annual one of Interim and Final
combined.

but hey I know nothing so do your own thing.

pps I am taking your route now and filtering you, as I can`t stand to see another naif, listening to `Sadmans` advice, too, too, cruel to watch the outcome

good luck anyway

Well the thread as come to life.

On the subject of Investment clubs, we have our meeting tonight.
We have gone from -25% to -20% in the last month.
We bought LLOY at 3 it is now 3.88.
Our ploy of going for high yield is slowly turning things around.
After almost 2 yrs of trading we should be in profit in about another 2 yrs.

8ball
Much sooner than that if you ignore the advice fron SadmanWhoseAins, trust me,
and curb the "little womans" little adventure with him too, he`ll ditch her as soon as the lie fits.

little woman - 14 Apr'03 - 11:14 - 42 of 45 (Filtered)

All posters are welcome to post their ideas on here.

I think we are all adults, we make our own investment decisions based on a number of factors, including our own research I hope.

If I or my club was to make a bad investment it would be our fault and we would not blame anyone else.

We have made a couple in the last few years, why? lack of research.

How time flies.....

2 Month's since I last posted.

What a lovely turn around in fortune, From a low of -28% at one point this year to -8% at present.

Continuing to average down on high yield stocks appears to have been a good strategy.
The best of which was buying LLOY at 3 now up to 4.60

Who knows we may even be in profit before the end of the year, which would be nice............

We changed the rules of our club 18 months or so ago - and apart from one or two "normal" transactions via a broker - opened a CFD account with Deal4Free. We found it was impossible to trade by concensus and when I ran it in conjunction with my own CFD account the Club's profits turned around - Most of the profits were made by shorting.

Last year we moved our account to the D4F Spreadbet but haven't actually done much trading since then. We have a meeting on Monday and it is hoped that we start to trade on a more regular basis.

We opened a new account with comdirect 2 months ago, and the members gave me 5,000 initially, and another 5,000 2 weeks ago to play with - investing for short term profit using the limit order facility (Which we did't have with Barclays stockbrokers!). I've taken almost 1,500 in gains, & still have more than 4,000 in cash waiting for one of my fav group of companies to drop to the limit order price so we can buy back in for the 2/3/4th time! I've not had so much fun in ages.

Between the increase in Market and the fun I'm having we hope to be back in overall profit very shortly. (Also the 300 in dividends in the last two months was very welcome!)And if the market dives, not to worry, got some cash ready to buy some cheap shars!