What shares you buying?



I've written a little XL based game for my kids and their friends. They start with 10 large and they can buy shares in up to 10 of the FTSE companies over the FTSE quarter. The next game starts on 12th June and runs for 13 weeks. They can also leave money in their bank account at 1 pip above BoE Base or buy Premium Bonds and I have coded in the odds of winning per amount invested. They get a window on each of the weekends in the quarter to do trading. It's like Fantasty Football meets Gordon Gekko. The kids are loving it and now the parents are getting all competitive and want to join in too. The Leaderboard on a weekend is eagerly awaited. I might shift the code to an online webpage and try to make a bit more money from it.

It's 10 sheets to enter for the quarter. The money goes in a pot. Half goes to the winner and then half goes to the winner's chosen charity. Bit of fun and competition during the piglet flu lockdown months.
 
Hoyahamma said:
You've got the wrong idea,you need patience.

I do / did very well out of Kellogg's shares,I liked the idea that people wake up and have Cornflakes and other cereals for breakfast.

Very difficult to lose money.You buy shares in Kellogg's today and it is 50/50 whether they go up or down tomorrow.If you think they will still be selling Cornflakes ( and Pringles) in 30 years time then there you go.
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They've never missed paying a dividend in the 30 years I have owned them.Anytime you want you can sell them.You have total control over how much you lose

To give you an idea then 40 years ago Kellogg's were around $2.50 a share,they are now around $64.I like buying things like that and just being patient.
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I agree with this.

As they saying goes: The stock market is a device for transferring money from the impatient to the patient
 
Hoyahamma said:
You've got the wrong idea,you need patience.

I do / did very well out of Kellogg's shares,I liked the idea that people wake up and have Cornflakes and other cereals for breakfast.

Very difficult to lose money.You buy shares in Kellogg's today and it is 50/50 whether they go up or down tomorrow.If you think they will still be selling Cornflakes ( and Pringles) in 30 years time then there you go.

They've never missed paying a dividend in the 30 years I have owned them.Anytime you want you can sell them.You have total control over how much you lose

To give you an idea then 40 years ago Kellogg's were around $2.50 a share,they are now around $64.I like buying things like that and just being patient.
Click to expand...

If you aren't willing to own a stock for 10 years, don't even consider owning it for 10 minutes. Buffet's not loaded because he's stupid.

Personally, I just find tracker funds to be more convenient. I've picked 3 areas that I think will have growth over the next 5 years and I'm just adding a few more shares every month, rotating between the 3.
 
Flash Gordon said:
If you aren't willing to own a stock for 10 years, don't even consider owning it for 10 minutes. Buffet's not loaded because he's stupid.

Personally, I just find tracker funds to be more convenient. I've picked 3 areas that I think will have growth over the next 5 years and I'm just adding a few more shares every month, rotating between the 3.
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That said, sometimes folk hold onto poorly performing stock because they don’t want to crystallise a loss. I’ve done that with Lloyds share that I’ve owned 11 years that have dropped 50% in that time. It’s simple behavioural economics, we put greater emphasis on a loss than a gain.

My best shares/funds currently are Scottish Mortgage Investment Trust, Baille Gifford American Fund and Tesla.
 
Hucknalls Fluffer said:
That said, sometimes folk hold onto poorly performing stock because they don’t want to crystallise a loss. I’ve done that with Lloyds share that I’ve owned 11 years that have dropped 50% in that time. It’s simple behavioural economics, we put greater emphasis on a loss than a gain.

My best shares/funds currently are Scottish Mortgage Investment Trust, Baille Gifford American Fund and Tesla.
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Sold my Tesla shares last month as they couldn’t possibly keep going up... :lol:
 

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