Intelligent Money - your investment questions answered

[driventodrugs]

Just like to pass on my thanks to Nik and Coops for their help setting up my isa and transferring my pension over(only took 1 week btw).

My dashboard is up and running and i've set up a direct debit into my isa so all i need to do is NOT check it every 5 minutes lol.

Scott

[Burwood]

driventodrugs said:

Just like to pass on my thanks to Nik and Coops for their help setting up my isa and transferring my pension over(only took 1 week btw).

My dashboard is up and running and i've set up a direct debit into my isa so all i need to do is NOT check it every 5 minutes lol.

Scott

Talk's cheap . You can thank him by sending them 20 packets of Viagra C/O:

Mowgli
Julians Pools House

[driventodrugs]

Oh is he cutting down lol

[ferrisbueller]

[

JulianPH said:

Hi mate

• Delta was sold at £33.65, so approximately. $46.74 which is 73% up of the base price of $27.01

• Norwegian was sold at £23.26, so approximately $32.30 which is 111.5% up on base price of $15.27

Curious as to why you sold out of Norwegian (lucky timing on the eve of a rights issue!) and not Carnival? What is it about their respective financials that indicate one is a sell and one a hold?

[duckson]

ferrisbueller said:

[

JulianPH said:

Hi mate

• Delta was sold at £33.65, so approximately. $46.74 which is 73% up of the base price of $27.01

• Norwegian was sold at £23.26, so approximately $32.30 which is 111.5% up on base price of $15.27

Curious as to why you sold out of Norwegian (lucky timing on the eve of a rights issue!) and not Carnival? What is it about their respective financials that indicate one is a sell and one a hold?

Probably the target price they set at the start of PHR. Carnival is ‘only’ up ~60% in comparison and the aim is obviously higher.

[Mr Whippy]

tighnamara said:

Carbon Sasquatch said:

I must be doing they IM thing all wrong......

I thought the whole point was to give them your money and not give it another thought for a few years.

I hadn't realised that I was supposed to behave like a day trader and second guess every decision they make.

Not sure what you mean on “second guess every decision they make”

As IM and others have said, PHR is a unique fund and on investing in the fund it was clear that shares were purchased and would be sold down once reaching a certain % increase.

Have been in since day one and can say that there has been no requirement to “second guess anything”, an e mail is sent advising you that IM are selling a specific share and when the cash will be in your fund accounts.

You can then either, leave in cash, reinvest in PHR or any other IM fund or remove the cash (obviously pensions would be an exception depending the individuals circumstances)

It has been pretty easy and has been an enjoyable & different investment experience for me.

No need to behave like a day trader whatsoever, IM manage and deal with everything regarding the purchase / selling of the shares.

To be fair to the ‘day trader’ point, IM is a non advised product so IM do the technical work on a range of risk vs reward products, so it most certainly is important for the investor to actively consider and adjust for their risk/reward perceptions.
If that’s every week, every month, year, or just using a date targeted product, then that’s up to them.

From my perspective IM are passive and it’s up to the investor to choose what they want based on risk/reward perceptions and needs, then IM do the hard work.


So not quite a day trader, but not quite an advised product either.

[ferrisbueller]

duckson said:

ferrisbueller said:

[

JulianPH said:

Hi mate

• Delta was sold at £33.65, so approximately. $46.74 which is 73% up of the base price of $27.01

• Norwegian was sold at £23.26, so approximately $32.30 which is 111.5% up on base price of $15.27

Curious as to why you sold out of Norwegian (lucky timing on the eve of a rights issue!) and not Carnival? What is it about their respective financials that indicate one is a sell and one a hold?

Probably the target price they set at the start of PHR. Carnival is ‘only’ up ~60% in comparison and the aim is obviously higher.

In terms of share price, yes. But not market cap.

[Burwood]

ferrisbueller said:

duckson said:

ferrisbueller said:

[

JulianPH said:

Hi mate

• Delta was sold at £33.65, so approximately. $46.74 which is 73% up of the base price of $27.01

• Norwegian was sold at £23.26, so approximately $32.30 which is 111.5% up on base price of $15.27

Curious as to why you sold out of Norwegian (lucky timing on the eve of a rights issue!) and not Carnival? What is it about their respective financials that indicate one is a sell and one a hold?

Probably the target price they set at the start of PHR. Carnival is ‘only’ up ~60% in comparison and the aim is obviously higher.

In terms of share price, yes. But not market cap.

Norwegian fell 82% in the week Covid was announced. It's low was under $8!. Carnival fell about 65%. Norwegian was sold as it surpassed the target. The timing was fortuitous as 24 hours post sale they announced a capital raise at a substantial discount to market price, sending the price down about 15%. Got lucky. Carnival has taken longer to recover because they borrowed heavily (+12B in loans to 23B total debt) which will be a drag on earnings going forward.

[dingg]

ferrisbueller said:

In terms of share price, yes. But not market cap.

I think it has about another 15% to go to rise to the mcap pre cv19.

Don't know what the sell point is but guessing that it might be around there

Bwtfdik

[ferrisbueller]

Burwood said:

ferrisbueller said:

duckson said:

ferrisbueller said:

[

JulianPH said:

Hi mate

• Delta was sold at £33.65, so approximately. $46.74 which is 73% up of the base price of $27.01

• Norwegian was sold at £23.26, so approximately $32.30 which is 111.5% up on base price of $15.27

Curious as to why you sold out of Norwegian (lucky timing on the eve of a rights issue!) and not Carnival? What is it about their respective financials that indicate one is a sell and one a hold?

Probably the target price they set at the start of PHR. Carnival is ‘only’ up ~60% in comparison and the aim is obviously higher.

In terms of share price, yes. But not market cap.

Norwegian fell 82% in the week Covid was announced. It's low was under $8!. Carnival fell about 65%. Norwegian was sold as it surpassed the target. The timing was fortuitous as 24 hours post sale they announced a capital raise at a substantial discount to market price, sending the price down about 15%. Got lucky. Carnival has taken longer to recover because they borrowed heavily (+12B in loans to 23B total debt) which will be a drag on earnings going forward.

I'm aware of the background as I've bought and sold Carnival a few times over the last 12 months, from around 702 up to 1750 on and off. Norwegian dropped to nearer $7. Carnival from around 3700 to 580p (for LSE)

In terms of their recovery and market cap % they've trended fairly closely.

dingg said:

ferrisbueller said:

In terms of share price, yes. But not market cap.

I think it has about another 15% to go to rise to the mcap pre cv19.

Don't know what the sell point is but guessing that it might be around there

Bwtfdik

At today's price or last week's 1750-ish? Today I'm looking at about 89% pre-covid.

Hence my question.

ETA. Delta around 82%

Edited by ferrisbueller on Monday 8th March 18:48

[tighnamara]

Mr Whippy said:

tighnamara said:

Carbon Sasquatch said:

I must be doing they IM thing all wrong......

I thought the whole point was to give them your money and not give it another thought for a few years.

I hadn't realised that I was supposed to behave like a day trader and second guess every decision they make.

Not sure what you mean on “second guess every decision they make”

As IM and others have said, PHR is a unique fund and on investing in the fund it was clear that shares were purchased and would be sold down once reaching a certain % increase.

Have been in since day one and can say that there has been no requirement to “second guess anything”, an e mail is sent advising you that IM are selling a specific share and when the cash will be in your fund accounts.

You can then either, leave in cash, reinvest in PHR or any other IM fund or remove the cash (obviously pensions would be an exception depending the individuals circumstances)

It has been pretty easy and has been an enjoyable & different investment experience for me.

No need to behave like a day trader whatsoever, IM manage and deal with everything regarding the purchase / selling of the shares.

To be fair to the ‘day trader’ point, IM is a non advised product so IM do the technical work on a range of risk vs reward products, so it most certainly is important for the investor to actively consider and adjust for their risk/reward perceptions.
If that’s every week, every month, year, or just using a date targeted product, then that’s up to them.

From my perspective IM are passive and it’s up to the investor to choose what they want based on risk/reward perceptions and needs, then IM do the hard work.


So not quite a day trader, but not quite an advised product either.

The response was more aligned / specific to PHR, but anyway “ day trading and second guessing” is not what I see being with IM.
Agreed that managing your funds is based on risk / reward and that you need to manage how best you see the investments based on your requirements.
Think maybe wires crossed a bit and agree with your sentiment

[Carbon Sasquatch]

tighnamara said:

The response was more aligned / specific to PHR, but anyway “ day trading and second guessing” is not what I see being with IM.

It was more this thread than IM. See the last few pages - why Norwegian & not Carnival etc

I'm new to IM / late to the party - I opened a SIPP & ISA a couple of weeks ago so now sitting back & waiting for the magic to happen

I dislike thinking about investment - I always feel as though I could & should be doing a better job - I just want to give it to someone to do it all for me - I don't care how or why they make the decisions, if I did, then no point being in a fund, may as well just be a single stock trader IMHO.

[Mr Whippy]

Yes indeed, I wasn’t being specifically negative to any point in particular.
Just noting more that IM strike a really nice balance here.

[Carbon Sasquatch]

Agree wholeheartedly - seem like a top bunch - enough for me to take a punt with anyway

[CAPP0]

JulianPH said:

Hi mate

• Delta was sold at £33.65, so approximately. $46.74 which is 73% up of the base price of $27.01

• Norwegian was sold at £23.26, so approximately $32.30 which is 111.5% up on base price of $15.27

Hi mate, have the emails on this gone out yet? I haven't received the usual! And my PHR funds haven't decreased significantly?

[SimonTheSailor]

No emails yet.

[dsl2]

Morning IM peeps, is it just me or is there an issue with the client portal login this morning as its telling me my apple retained login details are incorrect which isn't the case as I've been using them every day for months?

[Mazinbrum]

dsl2 said:

Morning IM peeps, is it just me or is there an issue with the client portal login this morning as its telling me my apple retained login details are incorrect which isn't the case as I've been using them every day for months?

Mine is OK.

[Ron-ski]

Mines ok to.

[dsl2]

Cheers guys, my wife's one is fine too. Email sent to Nic!