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Thread: BeeBop does UK

  1. #46
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    Cool slice of life..

  2. #47
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    BeeBop thinks it is time for another update....and this time folks....the update is dead flat! I daresay that is a good thing. My star fund Monks, is down at end of December levels. My European fund is now down at March levels, however, much of the remaining stock is flat (in list price) but dividends have paid out.

    At times like this, I am forever thankful that I beat up my greedy side. In recent months I have been sorely tempted to release my cash holdings and to stop saving. My cash is in a Jersey Island cash account earning a fantastic 0% in interest. However, this cash allows me to pay horrendously expensive UK boarding school fees, and deal with crises that may arise within an 18 month time horizon. For NZ residents my degree of cash holding would be ridiculous but for an expat in a volatile sector of the world, it is seemingly wise insurance. I have no need to realise any sharemarket stocks for at least 18 months as of today.

    While the stockmarket has been decidedly inactive for me (due to its own hyper-volatility), I have focused on my property folio. The numbers are bigger and, I would even deign to say, the risks/impact higher, and for me, really boring. But the opportunity is here and seemingly the council are happy with plans. I just hope that the expensive and slow journey to consent is worth it (at least I am capitalising my expenses so that my balance sheet stays the same).

    Now I must get back to the Jamal Khashoggi murder mystery: Did MBS order it? Has it been staged? Will the "truth" come out? Will the "Davos in the Desert Desertion" be the start of the investment decline in Saudi? Will there be leadership pressure from within? Will Saudi be able to hold anything over global oil prices in 2018 and create oil price chaos if it doesn't go their way? Intriguing and dangerous for the world's economy.

  3. #48

  4. #49
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    Quote Originally Posted by Valuegrowth View Post
    SMT is s more concentrated version of my monks....Lloyd’s ever popular but it remains in the dole drums....I will need to wait years, meanwhile I clip the dividends.

  5. #50
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    BeeBop is merely treading water....and ever thankful for the sell down on funds with high exposure to US based tech and caution towards the US. Net result is a ‘yawn yawn’ period. The dividends are fruiting nicely, my three NZ holdings still have annual (decently modest) gains, but my pure UK holdings (of which I have only two) are flaccid, albeit, one delivers a 6% yield.

    My (by life direction as opposed to intelligent choice) hedging is keeping the investments in USD positive territory. The declining GBP reduces my MRCH.L fund value (6% yield though) but increases my ability to purchase GBP and thereby costs of education and investments in other UK listed trusts that are comfortable. I wish I could buy NZD as the moment though, as I have good investment opportunities there. However, my current plan involves GBP and I am doing my best to stay focused.

    Meanwhile, I am now ‘holed’ up in Christchurch, NZ, lamenting my focus and wishing I could change direction and buy a central city townhouse. Christchurch is amazing, the support services, the hospital, the townplanning, and the open spaces. Why, this week, could the weather not be better?

  6. #51
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    THis is merely a brief update as very little has changed. I have stuck to my focus and my shares/investment trusts have recovered from their Xmas eve rout.

    I did manage to sneak some NZ share purchases...shhhh...don’t tell the spouse....

    Mostly, I now am back into sending GBP to the UK market. I optimised my buying at 1.27 USD to the GBP and am thinking that I am going to buy a holding in Diageo as a very long-term quality company and add to one of my property REITs. I did have a “little bit” of good news with one REIT (MedicX) being merged into Primary HealthCare properties (PHP) which gave an instant +14% uplift. I shall also add to my healthcare REIT holdings as there is no stamp duty to pay on them making it easier to pound-cost-average into the holding.

  7. #52
    Ignorant. Just ignorant.
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    Diageo - ah yes, every time I pass through duty free I try and pick up a bottle of one of their whiskies. The aim is to drink myself rich.

    It doesn't seem to be working very well as of yet, but I am enjoying trying. . .

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