Bank shares - would you?
Discussion
xeny said:
Simpo Two said:
try to find a better home for £20K. (sensible thoughts welcomed)
If I don't have a specific idea for some money but want to put it in equities, I by default put it in VWRL or similar. If I don't feel comfortable about that, I question if now is a time when I want to increase my equity exposure.Heathwood said:
Out of curiosity, what do we think about non-bank shares within the finance sector where the share price has nevertheless been similarly effected, e.g. Pru and Lgen?
I bought AMEX it's not really a bank but got hit by the banking stock falls.Currently hold LGEN before all this and added a little more but was already at my self imposed max %
Simpo Two said:
I think that's a very good summary. It's easy to think 'OMG I must invest in something by X date', when in fact no, all you need to do is move cash over. I had Vanguard in mind as a 'sensible Plan B' - but the question is, given what we know, is now a good time?
I bought a Finance fund on the 15th, ( less than 2% of invested assets )When a sector gets "hit" because of couple of companies there is usually hope of a correction. Banks are a little different, I know, but the finance sector is more than just banks..
jeff m said:
When a sector gets "hit" because of couple of companies there is usually hope of a correction. Banks are a little different, I know, but the finance sector is more than just banks..
I'm swinging towards mining; a cousin of mine holds a lot of Rio Tinto and is pleased with them. Which brings us onto the new 'gold' - lithium and the rare earths...Simpo Two said:
jeff m said:
When a sector gets "hit" because of couple of companies there is usually hope of a correction. Banks are a little different, I know, but the finance sector is more than just banks..
I'm swinging towards mining; a cousin of mine holds a lot of Rio Tinto and is pleased with them. Which brings us onto the new 'gold' - lithium and the rare earths...Lithium, I think everyone has made money with Lithium except me
jeff m said:
Simpo Two said:
jeff m said:
When a sector gets "hit" because of couple of companies there is usually hope of a correction. Banks are a little different, I know, but the finance sector is more than just banks..
I'm swinging towards mining; a cousin of mine holds a lot of Rio Tinto and is pleased with them. Which brings us onto the new 'gold' - lithium and the rare earths...Lithium, I think everyone has made money with Lithium except me
To date I have been in
bcn and obviously forced sell but made 30% or so
Lac still hold 50% but sold half at 100% or so
Zinwald currently down 30%
Piedmont be in and out at various profit levels current back in and up 10%
Kodal currently 90% of original investment as skimmed 10% off from current levels
Overall Lithium has been good to me.
Don't know how much more it has to go.
vulture1 said:
jeff m said:
Simpo Two said:
jeff m said:
When a sector gets "hit" because of couple of companies there is usually hope of a correction. Banks are a little different, I know, but the finance sector is more than just banks..
I'm swinging towards mining; a cousin of mine holds a lot of Rio Tinto and is pleased with them. Which brings us onto the new 'gold' - lithium and the rare earths...Lithium, I think everyone has made money with Lithium except me
To date I have been in
bcn and obviously forced sell but made 30% or so
Lac still hold 50% but sold half at 100% or so
Zinwald currently down 30%
Piedmont be in and out at various profit levels current back in and up 10%
Kodal currently 90% of original investment as skimmed 10% off from current levels
Overall Lithium has been good to me.
Don't know how much more it has to go.
Source: FactSet. Notes: Based on MSCI AC World Indices and MSCI industry classifications.
A good example of how sector performance rankings vary year-on-year. You have to be in it to win it, but equally investing in just one sector is likely to underperform the market over the longer term.
rdjohn said:
Source: FactSet. Notes: Based on MSCI AC World Indices and MSCI industry classifications.
A good example of how sector performance rankings vary year-on-year. You have to be in it to win it, but equally investing in just one sector is likely to underperform the market over the longer term.
Can you go back further?
That period does not include any disaster times, only the 2020 pandemic crash, which did not last for a full calendar year.
Non-cyclicals are good steady core holdings and really help during market crashes, but as you rightly say, a portfolio does need some extra spice.
As your chart shows, Oil and Gas Exploration (OGE) was brilliant last year, when so many world stock markets were very dreary. The UK did scrape by in 2022 with a positive ending, but anyone with a decent proportion of OGE would have trounced the market average.
vulture1 said:
Current lows (but could go further) natural gas. I've been buying more and more of the wisdom tree etf for it.
Wisdom Tree is a new one to me! https://www.wisdomtree.eu/en-gb/productsAny disadvantage of being US based, other than the usual £/$ issues?
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