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Missed the Boris Bounce.
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- Lemon Slice
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Missed the Boris Bounce.
I was waiting to invest some more cash until after the election, but have missed the "Boris Bounce", which was too fast for me to catch. I noticed that many of the ITs have gone up by a reduction of the discount, which may or may not be reflected in future anticipated increases in NAV. I will probably wait now for things to settle down, but has anyone here noticed any bargains still available in medium to large ITs, with a reasonably large UK content, medium yield (2% or so) for a long-term investment?
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- Lemon Quarter
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Re: Missed the Boris Bounce.
Parky wrote:I was waiting to invest some more cash until after the election, but have missed the "Boris Bounce", which was too fast for me to catch. I noticed that many of the ITs have gone up by a reduction of the discount, which may or may not be reflected in future anticipated increases in NAV. I will probably wait now for things to settle down, but has anyone here noticed any bargains still available in medium to large ITs, with a reasonably large UK content, medium yield (2% or so) for a long-term investment?
I took advantage of the Boris bounce, and sold out some UK ITs who's discount had disappeared. I think new IT investments in the UK market can wait until reality sets in and discounts widen.
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- Lemon Slice
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Re: Missed the Boris Bounce.
Parky wrote:I was waiting to invest some more cash until after the election, but have missed the "Boris Bounce", which was too fast for me to catch. I noticed that many of the ITs have gone up by a reduction of the discount, which may or may not be reflected in future anticipated increases in NAV. I will probably wait now for things to settle down, but has anyone here noticed any bargains still available in medium to large ITs, with a reasonably large UK content, medium yield (2% or so) for a long-term investment?
Shows the old adage of buying when you can and just waiting things out, trying to time the market is a mugs game and only works if you're really lucky or looking at history.
Schroeder UK Mid cap (SCP)- done very well from Boris, but still trades on a 8% discount. Reasonably volatile though, but overall a good performer - ie a longer term holding is required.
One you could look at for the next bounce are Asian stocks, if Trump/China agree terms, then they'll both probably bump up. AAIF and JAI are both on 6-8% discounts though the US-speciality trusts are not.
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- 2 Lemon pips
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Re: Missed the Boris Bounce.
Keystone is still on a 12% discount and yields around 3% domestically focussed and value orientated, so has missed out on the recent growth orientated rise.
But probably a fairly safe and stodgy long term hold.
But probably a fairly safe and stodgy long term hold.
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- Lemon Half
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Re: Missed the Boris Bounce.
gbjbaanb wrote:
One you could look at for the next bounce are Asian stocks, if Trump/China agree terms, then they'll both probably bump up. AAIF and JAI are both on 6-8% discounts though the US-speciality trusts are not.
I'm with you on that one!
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- The full Lemon
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Re: Missed the Boris Bounce.
Parky wrote:I was waiting to invest some more cash until after the election, but have missed the "Boris Bounce", which was too fast for me to catch. I noticed that many of the ITs have gone up by a reduction of the discount, which may or may not be reflected in future anticipated increases in NAV. I will probably wait now for things to settle down, but has anyone here noticed any bargains still available in medium to large ITs, with a reasonably large UK content, medium yield (2% or so) for a long-term investment?
I wouldn't worry - you may find the market drops back on the next crisis If you look at the overall chart, there have been many bounces and falls of a similar magnitude, and the market is well below the peak, so the "bounce" hasn't so far amount to anything earth shattering.
Just take it as it comes - there are still reasonable bargains around.
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