So lets buy something

Discussion of the proposed Cashback Investment Club

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Re: So lets buy something

Postby Thunderfog » Sat Feb 14, 2015 11:55 am

Enzocas wrote:Can I ask out of curiosity how much money you guys are talking about?


Chairman:

garindan wrote:I shall do another member update in between, but we have over £1k to invest.
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Re: So lets buy something

Postby Thunderfog » Sat Feb 14, 2015 11:56 am

davidlmorgan85 wrote:About £1500 I believe


Chairman:

garindan wrote:I shall do another member update in between, but we have over £1k to invest.
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Re: So lets buy something

Postby davidlmorgan85 » Mon Feb 16, 2015 8:31 am

I think we should look to have a pot of 70/20/10

70% of the funds in a long term investment such as United Utility Group
20% for gains, dip in and out of Tesco/Sainsbury?
10% Contingency fund for any unexpected use of money, loss of members etc. This saves us having to sell shares to cover any payouts

Thoughts?
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Re: So lets buy something

Postby kevinchess1 » Mon Feb 16, 2015 8:48 am

The pot to cover any member leaving needs to be big enough to fund this entirely
1 or 2 members have in excess of 10%
Personally I split the rest down the middle
So 40/40/20
I do think this is a long term aim
at the moment we have one share which is about 15% of our portfolio
Lets buy some stuff and then look to set up targets/pots
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Re: So lets buy something

Postby davidlmorgan85 » Mon Feb 16, 2015 9:04 am

The contingency fund can be built up with further members paying in to the club I guess? (i pay in every time my cash-back is awarded and have noticed others do as well)

Also and dividend payments we get can go straight in to contingency

Either way I am happy with the majority
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Re: So lets buy something

Postby kevinchess1 » Mon Feb 16, 2015 9:12 am

davidlmorgan85 wrote:The contingency fund can be built up with further members paying in to the club I guess? (i pay in every time my cash-back is awarded and have noticed others do as well)

:?:
davidlmorgan85 wrote:I will likely be the first person to withdraw from the investment club as well, as I will not be making future transactions to cover the criteria for the club.
Yes, I really am that stubborn.


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Re: So lets buy something

Postby davidlmorgan85 » Mon Feb 16, 2015 9:21 am

I have since had a discussion with another member behind the scenes and will be staying in the club - To good of an opportunity not to be involved, and my decision was, admittedly an over reaction.

I have also already put in enough to cover the minimum £10 per quarter. MY further pending cash-back will also be put in to the club to cover future minimum requirements.
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Re: So lets buy something

Postby Thunderfog » Mon Feb 16, 2015 12:39 pm

davidlmorgan85 wrote:I have since had a discussion with another member behind the scenes and will be staying in the club - To good of an opportunity not to be involved, and my decision was, admittedly an over reaction.

I have also already put in enough to cover the minimum £10 per quarter. MY further pending cash-back will also be put in to the club to cover future minimum requirements.


Good man.
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Re: So lets buy something

Postby garindan » Tue Feb 17, 2015 1:32 pm

Firstly - a great thanks to David - I'm really pleased you have decided to stay in with us as this will be great fun and we are so close to making our first purchases!

Secondly - check out the membership update I just published here.

I've been thinking about how we take investing forward now we are about to launch a poll. You will remember that we get best value from investing when we spend a minimum of £525, due to the commission charge. I think we should buy in blocks of approximately this amount and that we alternate blocks from "long-term" and "short-term", but ensure short-term never has more than 50% of our total holding, so reduce risk. Ideally it would be good to be slightly more defensive and have 2/3rds long-term and 1/3rd short-term. We'll then build a portfolio of mixed intention shares and invest more regularly to keep interest up.

I would like us to press forward with this idea if we feel this is a go and therefore have two polls, each looking to invest ~£525, as follows:

GSK vs UU
TSCO vs SBRY

If this is a go please say 'aye' :thumbup:

Thanks,
Andrew
Chairman: iMutual's Cashback Investment Club (CIC) - contact me about joining!
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Re: So lets buy something

Postby an6ypan6y » Tue Feb 17, 2015 1:52 pm

'aye' :thumbup:
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