Share club valuation @ 3 Mar 2018

Re: Share club valuation @ 3 Mar 2018

Postby kevinchess1 » Wed Mar 07, 2018 3:10 pm

'where as'
is one word
Not sure '15%ish' is good gramma
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Re: Share club valuation @ 3 Mar 2018

Postby AAAlphaThunder » Mon Mar 19, 2018 6:58 pm

kevinchess1 wrote:I support your strong moral if slightly askew principle
I haven't paid in a penny for 18 months and am unlikely to do so until tyhe CIC gets its siht togther
I do have some financial advice for you which will give you a better return that the CIC
Take a pound and change it into 4x20p, 1x 10p and 2 x5p
Take a 20p and a 5p and throw it away :shock:
Look at what you have and 'Congratulations!' you have made more money from your £1 that the CIC


Me, personally, I shall, as I have always done continue to invest EVERY single penny from imutual into the imutual Cashback Investment Club.
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Re: Share club valuation @ 3 Mar 2018

Postby William Joseph1 » Mon Mar 19, 2018 7:32 pm

Thunderfog wrote:Me, personally, I shall, as I have always done continue to invest EVERY single penny from imutual into the imutual Cashback Investment Club.

In Dr. John Bridges' Defence of the Government of the Church of England, 1587:
a foole and his money is soone parted.

I chose to leave at the right time I think. In the time I was part of the club I made a £5 profit which was more (probably)than I would have got in interest elsewhere.

Even the discussion about changes seems to have stalled and no one seems inclined to get it moving again.

As it is currently constituted the club is two slow in its reactions. Richards suggestions go a small way to addressing that but not far enough. In my opinion it would help if there were a key few (sub committee perhaps) who could be PM'd and make decisions. At the moment there are too many members who sit on the sidelines (for whatever reason) take no real part in the club and are slow to respond. In the world of the FTSE a week is far to long. I am not even now totally convinced that an online CIC even can work that well.

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Re: Share club valuation @ 3 Mar 2018

Postby kevinchess1 » Mon Mar 19, 2018 10:14 pm

Couldn't agree more
Vote closes tomorrow with 1/3 in favour, 1/3 against and the rest having no idea :(
Has not been helped by the Chairman's wholehearted negativity about the plan but he hasn't come up with a way forward and I don't think he's going to anytime soon.
He is obsessed with having some long term shares with dividends. Yeah well we tried that and look what happen. Not a single long term share is in profit
With the loss of the vote I think Richard position as Treasurer is untenable and it wouldn't surprise me if he resigns
I pushed the club into a vote on selling the dreaded C shares and lost
And I've been quite vocal in my support of this proposal and i am going to lose that
Clearly the club has little interest in my views and I expect I will resign from the club and sell back my considerable portfolio
With the loss of the Treasurer and 1 of the biggest contributors I wonder if the Chairman can carry on?
I would not be surprised to see the club fold before too long
I suspect this will be last post as a CIC member
All V sad
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Re: Share club valuation @ 3 Mar 2018

Postby Boro Boy » Tue Mar 20, 2018 12:13 am

...and if the markets all go skyward in the next few years how much would you kick yourselves afterwards?

For my two penny worth; its worth remembering the whole idea of an investment club is to pool funds and invest in a more financially beneficial way in a wider spread of shares (and therefore reduce risk) than you would invest in as an individual.

...and investing is a long term strategy... :ugeek:

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Re: Share club valuation @ 3 Mar 2018

Postby AAAlphaThunder » Tue Mar 20, 2018 4:54 pm

William Joseph1 wrote:In Dr. John Bridges' Defence of the Government of the Church of England, 1587:
a foole and his money is soone parted.



Quoting a bygone era.

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Re: Share club valuation @ 3 Mar 2018

Postby kevinchess1 » Tue Mar 20, 2018 6:04 pm

Boro Boy wrote:...and if the markets all go skyward in the next few years how much would you kick yourselves afterwards:


Probably about as much as you would for not being a member at all
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