******** 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?

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!

little woman

Give yourselves the added facility of being able to go short by opening a spreadbet or cfd account.

I have considered it, and we did discuss it at one meeting earlier in the year, but too many members didn't understand how it work, and one was very vocal against it as "her husband had lost nearly every thing they had 15 years ago doing the same thing!" I think he was heavily into traded options and spreadbetting with money he didn't have.

Also it takes so long to set up an account. (One of our members lives abroad, two live overseas 6 months of the year, one we have not actually seen for over two years and two others have trouble making it to a lot of meetings because of work committments! - we have 14 members, so we changed our rules so going to meetings are not compulsory as long as they keep us up to date with contact addresses and/or e-mail, but the lovely late afternoon lunch/dinner after the meeting is the incentive for those who do turn up which is usually 8 or 9!)

We have our AGM coming up and when finally managed to pass a message to our bank, barcalys that we will have a change of Chairman so needed to update their records. They informed me that our current records were out of date, (they only have the details from when we first set the account up and none of the details since, even though everything has changed 3 times since then!) so we all need to produce our 3 different types of ID (in case we become terrorists or money launders) before they can make any changes! (That includes me, although I did all this when I opened the account all those years ago and I may have become a terrorist in the meantime!) As we have do do all this anyway, we may as well move our account somewhere else as barclays at the beginning of the year gave us the option of bank charges & pennies interest or no bank charges and no interest. Abbey National look a better option to collect out subscriptions!

Had our meeting tonight and decided to buy SBRY, the yield at 6% and the deal with Shell petrol stations were the Bull points.

Also decided to invest in a pawnbroker ABM plenty of cash and stock on the balance sheet, smaller investment than SBRY, but somthing differant.

Thought I would bring this thread back - with all these novices who want to learn about the stockmarket, it could be a good way for them to find out more without losing their shirt!

Im intersted in joinig an investment club in the area where I live

Rolly, you need to either say which area you live - or update your user settings so that people know which area you live, and make it possible so they can send you e-mails about their investment club.

Our club is meeting on Sunday and I'm pleased to say I'm going to be able to report that the portfolio has gone up by over 10% since the last meeting two months ago, and thats inspite of writing off two of our holdings and removing them from the portfolio!

Thought I'd let you know a little about the Kinvest Investment Club based in Kinross, Scotland.
We are an associate club of the Kinross 50+ Club and all Kinvest members must be members of the parent Club.
We started in June 1997 with 20 members and, with resignations as recent as last April, now have 8 members. (Well anyone can lose interest when not making money!)
Let me know if you live in the Kinross area and would be interested in joining an investment club.
Our profitable shares are BHG, BRJK, EDG, IPR, MCTY, NFDS, & TSCO while DUC, MMG, & MRW which are at various stages of recovery (well great loss as far as Duc & MMG are concerned).
Earlier this year we prepared graphs comparing the share we held with the Sector and FTSE 100. The starting point was the time we bought that share.
We were pleased to find that our selection came out on top. This gave us the confidence to hold them over the Spring dips to this recovery period.

I agree with an earlier contributor that Sector selection is critical.
We have chosen on factors like Sector strength, Cash rich company, Defensive shares like food and drink, and New Managing Director with new focus.
Hope this speel triggers a few discussions.

Had a good meeting yesterday. It was a lovely day and had the meeting, and lunch in the Gazebo of one of the members.

We agreed to buy VRD straight away to put away for the long term and collect dividends and buy NICL & SCTN between now and the next meeting on a limit order at a agreed price, quite a bit lower than the current price. If the share price drops we buy, if it doesn't we have more cash at the next meeting!