Wizard wrote:TahiPanas wrote:Liberium were not the only people who called it.
Grimer and Raptor both warned me off Pearson in early November when I first posted about candidates for a new HYP. Hat tip to those two!
Terry.
Thanks for the hat tip, but it was pure luck on my part.
grimer wrote:I'd also avoid Pearson, but that is more of a gut feeling and casual view from the sidelines.
I had held Pearson in my HYP. I sold them to move money into my HYP and would have probably still held them, if I hadn't needed to liquidate some cash - I don't tend to sell unless there is something visible on the horizon. The mood music had darkened a bit between my original purchase and needing to sell some shares, so Pearson were one of the shares I culled.
I was also overweight in oil, so I decided to sell RDSB and didn't repurchase in the HYP. That has been a more costly mistake in terms of lost capital growth and income than my hypothetical 'avoidance of loss' on Pearson. But if I'd bought RDSB in the SIPP and the oil price had stayed down, I might now be bemoaning a loss there.
I have no idea which way the market, sectors or individual shares are going to go. I use stock screeners to throw up suggestions based upon safety criteria. I then use my knowledge (?) of current affairs to try and make educated guesses with regards to the sector outlook and then search the web for comment on individual companies - and If all else fails, I just copy TJH
With regards to HYPTUS:
monabri wrote:Using the HYPTUSS, hit the "ALL CHARTS" macro button for the shares in your HYP portfolio. Then superimpose the FTSE100 chart and view over say a 5 year window.
I was expecting more of a 1:1 correlation between each individual share and the FTSE. There may be some general trends...occasionally but each share more or less seems to operate independently of the FTSE100. (possible exception being Greene King in my portfolio where it did seem to follow the ups and downs).
The conclusion I came to was "little correlation with the FTSE100" and thus all you can do is to invest in good companies such as might form the constituants of a reasonable HYP portfolio.
Graphs removed as copyright infringement. Raptor.
Not a happy sight.