hello, I am just wondering who else is from greater Manchester or near and what are your trading styles
Hello I am 30 year old tram driver from Manchester.Manchester Momentum Investors facebook group
There is a North West signet group that meets up online every fortnight on wednesdays.There are about a dozen regulars.
I myself look to fill my portfolio with 80% Superstocks which i look to buy and hold and 20 % Speculative Stocks with which i use a 25% trailing stop loss
My name is jee sawhney.I am from Bury.I have been in stock market for few years and have a few strategies which seem to work in favour 60-65% of the time .I am interested in sharing strategies with other fellow members of stockopedia
Thank you for this post. I live in Bury and would enjoy interactions with other investors. None of my friends are into it. I had not heard of the signet group mentioned below.
I have been investing for a long time and split my portfolio into 3 sections, each with its own style.
Section one is my normal portfolio. I avoid stocks in industries in secular decline, with high debts and pension scheme deficits. I am looking for a combination of growth and value. This portfolio represents 60% of the total.
Section 2 is my pension portfolio. I am now retired This is made up of investment trusts, a few stocks and a gold etf. This represents 30% of the total.
Section 3 is a portfolio of speculations. The dreaded story stocks. These represent about 10% of the total. Current holdings Open Orphan, Power Metals Industries, Blue Star Capital, Serabi Gold,
So I use different styles. As a discipline I I funnel half of all dividends and capital gains of sections 1 and 3 into the pension portfolio.
I find it helpful to hear of other investors' styles and strategies.
Next Monday Nov 9th SIGnet Manchester will have an online meeting 12 pm - 15pm
The North West Share Group has an online meeting on Wed Nov 11th at 19.00 - 21.30
Hi Jee, i live in Prestwich, would you say your strategies are low risk or high risk
Hi, whatmore1951, I like your detailed response, I am from Prestwich
How do you find industries in secular decline? I also use investment trusts, Scottish mortgage being my favourite.
Your section 3 sounds nail biting but exciting! I tried mining stocks... I just got burnt and scared! did you notice the recent price jump of Alien Metals (LON:UFO) metals?
the first book I ever bought on investing was 'How to own the world' by Andrew Craig. I use his advice to invest my pension in a broad basket of ETF's around the world. Recently though I have bought the book 'Duel Momentum Investing' by Gary Antonacci and may implement part of his knowledge into my pension instead.
Hi Christopher I did notice Alien and a bit miffed cause it was on my watch list. That happens.
I keep section 3 to no more than 10% of my capital so even if I am wiped out I still survive.
Great question about secular decline. I just filter out stocks in industries that are being overtaken or the mood of the public has changed. When I started investing textile manufacturers loomed large in the then FT30 index. But that sector had been in decline since the 1920s. The only way they could survive in the short term was through mergers that enabled cost cutting, paying low wages, trimming management etc. There was no money available to buy new machinery. I worked for Courtaulds back in 1971 and all the weaving looms were from mid 1800s. The steam motors had been replaced by electric motors but that was it. The textile industry as it was then was dying a slow death but not everyone saw it. These stocks still appeared as tips in newspapers magazines and tip sheets. That experience has coloured my thinking.
The present day counterparts I would say are newspapers (and I love newspapers) tobacco, traditional retail, oil(but not gas).
This sometimes mean I miss out on opportunities because I am too slow to recognize when a company is successfully reinventing itself. For example I thought of Next in terms of shops when it was leading the way online. Another example is Reach. My office used to be near the Trinity Mirror printing press so I thought of the business as a newspaper business in decline. It is reinventing itself around the data. Reach also has a legacy pension scheme which would normally make me run a mile but the new management seem up to all these challenges. So my filter is crude and far from perfect.
Marks and Spencer looks good value but is in an industry in decline. Maybe it can be turned around, who can tell. But just think of Woolworths, C & A, Littlewoods, Index, BHS, Jessops, Virgin Music. That looks like secular decline to me. It's Darwinian and it's brutal so you don't want to be on the wrong side of the line.
re books I recommend Free Capital by Guy Thomas. It shows there are many different investment styles which can be successful.
Every stock or IT you choose should have a specific job to do. That is why I decide in advance which portfolio a stock is for.
This is only my opinion but all investors can learn from one another. Thanks for your response
I have just orderd that book, thank you! Definitely agree with you about physical newspapers,oil
What is your strategy for picking mining stocks? I use technical analysis.
I dont know anything about retail so I stay away, I've felt though marks and spencer has gone down in quality over the years and its fashion has fallen out of failure.
Hi All, we have a great investor community in Manchester. The next SIGnet Manchester meeting is on Monday daytime, this is the agenda;
Video meeting Agenda: 12noon to 3pm
If you wish to join the meeting, please send an email to; info@sharesoc.com
Reference Danny Manchester SIGnet and we can then move things forward.
The investor groups used to be restricted by geography however Covid has moved us online which has its advantages and disadvantages. This year, investors had to roll their sleeves up and put a shift in. The support of the groups has been excellent. We run ZOOM discussion groups, polite, inclusive and constructive. As it is online, the conversation is constantly supported by screen sharing, stockopedia, news reports etc.
I am sure you will find the book useful.
My TA skills are a bit rusty. I plan to make a new study of it when I get the chance.
I don't think TA would work very well with some of the tiny illiquid stocks I am looking at.
For now I look for a company with a strong balance sheet and cash in the bank and low costs to give operational leverage. I expect directors to risk a significant amount of their own capital and avoid those stocks where diluting fund raisers look likely.
Power Metals is my recent choice. Executive pay is reasonable. There is enough cash for the time being. The board have promised that any fundraising will not be at silly discounts. The directors have a significant stake. Their licences and various joint ventures are spread geographically and it only takes a couple of their prospects to come good. Greatland Gold was on my watchlist but I missed out. I see this as a similar situation.
Remember this is part of my fun portfolio and I am prepared for a total loss.
I am considering adding £BRWM to the pension portfolio. commodities might provide some protection against inflation and the pension fund gets some income in the meantime.
Just my opinion. Every investor has their own style.
I know a few of you already attend but you will probably enjoy the Mello Monday events which are virtual and there is one this Monday evening so along with the Signet meeting this Monday is sorted lol
We feature lots of companies and in particular five are analysed in detail on the MelloBASH this Monday at around 8pm through to 9.30pm. The BASH stands for Buy, Avoid, Sell or Hold.
The MelloMonday event is going to be held every two weeks or so through the next year whilst Mello events and conferences cannot be run physically. The evening sessions start at 6pm and include interviews with fund managers and well known investors plus educational content provided across a series of presentations.
The event is by zoom invite and the whole programme can be found here...
https://melloevents.com/upcoming-event/mellomonday-9th-november/
Do come and join us for a very entertaining evening. Tickets are half price if you enter the code MMStocko21 and if you want an annual pass for 18 of these MelloMondays it will only cost you a fiver per evening event and you do not need to leave the comfort of your home....Incidentally the recordings are sent out to you about 36 hours after each one too.. www.melloevents.com
Monday is indeed a busy day! The SIGnet meetings deliberately avoid the Mello events as they are very popular with SIGnet members. Including me!
I like TA its like witch craft ha, not heard of £brwm before so i will look into it. ive just come accross £bme, im a fan and its open during the lockdown which is a bonus
what's your thoughts on Greg's? Its crossed the 200ma and looks like an uptrend back to pre covid prices
Hi I'm Ridwan and new to investing. I live in Warrington but could drive to Manchester once we are alllowed to. Anyways, What's SIGnet? Sorry I'm a total newbie.
Hi Ridwan,
SIGnet is a network of investor groups. We bring like minded people together to discuss investing in a polite productive environment. As we are a network, we have all sorts of different groups and we aim to introduce people to the type of group which will suit them best. Groups range from very focused stock picking to broad trust based portfolios.
When you join SIGnet, you get the first four months free, which gives you chance to try a few different groups, then if you wish to stay then the annual charge is £25.00 per year. Cheap as chips.
If you wish to get involved, please send an email to; info@sharesoc.com
We can then move things forward.
Danny.
