GMS looks cheap and lower dent will reduce interest. The chart has broken upward on the trend which looks positive, perhaps worth watching to catch a pull back.
My mum is a client of Quilters and as you say companies like this are a bit complicated to understand. Last time she has a review from them I was there. Chatting to the adviser I asked what investments Quilter did and how much it cost.
I was almost sneered at as she knew I working in a factory as it was explained to me there were various types of investing that needed professional skills to get involved in.
I asked what profits my mother's portfolio had over the last 12 months. It was 4.5%. I smiled and pointed out it wasn't a large rise considering the inflation rate over the last year and my investments were up by 19% as an amateur paying no fees.
She looked shocked.
I didn't expect my 89 year old mother to change investment manager but she asked for a review of her investments in 6 months and expected the professionals to be doing better than an amateur.
Thanks Rebel. Always an interesting read. I am one of those in cash as insurance against the possible recklessness of our Chancellor on Budget Day. However after reading Paul Scott’s interview with GMS early in the week, I made a quick profit on the sharp rise on the back of the encouraging news and sold out this Friday evening. With GMS I am always concerned of a sell-off around this price of 19p. It will be interesting to see if it breaks through to 21+.
GMS looks cheap and lower dent will reduce interest. The chart has broken upward on the trend which looks positive, perhaps worth watching to catch a pull back.
I currently hold so I would say that!
Richard
You may likely be wise to hold off due to the middle east, I decided I can't wait forever over that one as this thing looks like dragging on.
interesting, ta
ok, FTC and FCH had a decent week
My mum is a client of Quilters and as you say companies like this are a bit complicated to understand. Last time she has a review from them I was there. Chatting to the adviser I asked what investments Quilter did and how much it cost.
I was almost sneered at as she knew I working in a factory as it was explained to me there were various types of investing that needed professional skills to get involved in.
I asked what profits my mother's portfolio had over the last 12 months. It was 4.5%. I smiled and pointed out it wasn't a large rise considering the inflation rate over the last year and my investments were up by 19% as an amateur paying no fees.
She looked shocked.
I didn't expect my 89 year old mother to change investment manager but she asked for a review of her investments in 6 months and expected the professionals to be doing better than an amateur.
Thanks Rebel. Always an interesting read. I am one of those in cash as insurance against the possible recklessness of our Chancellor on Budget Day. However after reading Paul Scott’s interview with GMS early in the week, I made a quick profit on the sharp rise on the back of the encouraging news and sold out this Friday evening. With GMS I am always concerned of a sell-off around this price of 19p. It will be interesting to see if it breaks through to 21+.
Typo
Meant to say FCH not FTC!
Thanks Rebel
It’s good to see FTC holding up really well and some of the others recovering ground too
My concern is more about how the Middle East plays out rather than the budget.
It does feel like the budget is priced in, but I’m not sure the Middle East will calm down as quickly as most people expect it to.
Again, I hope I’m wrong and have bought more shares this week so now only 35% cash