The Lemon Fool

I stumbled on this site from a reference on Monevator, without knowing much of the history of the forum. I've picked up a few things such as its predecessor The Motley Fool UK forum was shut in 2006, and two regulars set up TLF discussion forum. I am learning a lot here, as there are many knowledgeable forum members who are happy to share the expertise. Wondered if the forum could benefit with an 'about' page setting out the purpose and background? Or is it self explanatory, a uk personal finance discussion board where you can talk about what you want, finance questions and general banter.

Adamski wrote:..The Motley Fool UK forum was shut in 2006, and two regulars set up TLF discussion forum

probably a typo - it was 2016 (November) we migrated from TMF
[edit; Welcome to TLF by the way ]

Hi Adamski

I'm glad that you are finding the site useful. You've pretty much worked out the history, although it was 2016 that The Motley Fool discussion boards closed.

The users of the TMF boards were a knowledgeable and helpful community that many of us had participated in for a long time. I think I joined in 2001 but it was around before that.

When TMF announced the closure of their boards, many were disappointed because the collective knowledge was very valuable - not just investing knowledge but all sorts of topics.

Stooz and I had developed websites together before so when I saw the closure announcement I immediately contacted him and he had a basic forum up and running within 24 hours.

The site is managed by Stooz and me with a great team of volunteer moderators who keep things on track.

Clariman

Sounds like a good idea to me.

Whilst many of us are refugees from The Motley Fool, many newcomers won't have a clue about what that was, or why this site is named as it is.

And some background for those about where it's come from, what it's about, and to use a modern business term I hate, it's "Mission Statement" would probably be useful.

Sorry for the thread revival, but I stumbled across the forum when looking for people who actually knew about VCTs - tick!

Then I thought, what is this place?

I searched for, and found this thread - so thank you!

Adamski wrote:I stumbled on this site from a reference on Monevator, without knowing much of the history of the forum. I've picked up a few things such as its predecessor The Motley Fool UK forum was shut in 2006, and two regulars set up TLF discussion forum. I am learning a lot here, as there are many knowledgeable forum members who are happy to share the expertise. Wondered if the forum could benefit with an 'about' page setting out the purpose and background? Or is it self explanatory, a uk personal finance discussion board where you can talk about what you want, finance questions and general banter.

Maybe this chap alerted you? ( MDW1954 aka "Greybeard")

viewtopic.php?p=6706#p6706

AleisterCrowley wrote:

Adamski wrote:..The Motley Fool UK forum was shut in 2006, and two regulars set up TLF discussion forum

probably a typo - it was 2016 (November) we migrated from TMF
[edit; Welcome to TLF by the way ]

==================

thank god!

i know time flies but that had me worried !

This thread has triggered flashbacks to that really weird (I assume in house) message board that they ran on the other foolish place. It was more confusing than causing smart things foolish like they used to do.

AWOL wrote:It was more confusing than causing smart things foolish like they used to do.

But was it as confusing as that sentence? ;-)

Gengulphus

It was more confusing than "calling" smart things foolish like they used to do.

Yes, maybe, just. Damn auto-correct tablet garbage! That was very foolish of me.

Was it IUKD that people used to debate whether it should be part of a HYP or not?

AWOL wrote:Was it IUKD that people used to debate whether it should be part of a HYP or not?

It was postulated as being an ETF that gave similar results, except that it didn't. Top heavy in financials at the time of the 2008 crash. Peak dividend paid in 12 months to Sep 2008, at 58.04p for the year, falling to 36.11p and then to 33.18p in the following years. Had not got back to the 2009 level by 2016, at which point I stopped looking at its progress or lack thereof.

TJH

tjh290633 wrote:

AWOL wrote:Was it IUKD that people used to debate whether it should be part of a HYP or not?

It was postulated as being an ETF that gave similar results, except that it didn't. Top heavy in financials at the time of the 2008 crash. Peak dividend paid in 12 months to Sep 2008, at 58.04p for the year, falling to 36.11p and then to 33.18p in the following years. Had not got back to the 2009 level by 2016, at which point I stopped looking at its progress or lack thereof.

TJH

I sold out of my modest HYP not long before the crisis as I had doubts about whether the strategy was as robust as it seemed, and and cannot remember how HYP performed but I can remember that IUKD did really poorly during the financial crisis. I was quite surprised to see that it is still popular which suggests that it has indeed stood the test of time even given UK equities underperformance. I'll need to look at what's going on in the HYP board some more although my own thinking on investing is much less active than it once was. I can see why HYP and dividend investing in general has an advantage of the dividends being reassuring so having a real world psychological advantage which has genuine value as poor attachment to a strategy leads to selling distressed assets.