The club's future - a proposal

Discussion of the proposed Cashback Investment Club

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Re: The club's future - a proposal

Postby garindan » Mon Feb 12, 2018 12:33 pm

To be honest - we don't have to rush anything through here. Let's ensure everyone has an opportunity to contribute their thoughts equally and fully, whether in the club or not.
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Re: The club's future - a proposal

Postby richard@imutual » Mon Feb 12, 2018 4:53 pm

Chadwick wrote:If you can't react to an opportunity because it's not "trading week", surely you'll miss out?


It does make it more difficult to make "opportunistic trades", but I don't think that a club like this is very well suited for that style of investing.

I also feel that one of our consistent failings in the past is where we've been tempted into buying a share mainly because it's fallen in value and we've perceived it as being "cheap". i.e. we've plumped for "recovery plays".

And in trying to take advantage of short term price movements, we have perhaps not taken enough time to research our candidate stocks.

I'm hopeful that this new approach will result in better-informed decisions.

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Re: The club's future - a proposal

Postby hiswitzend » Mon Feb 12, 2018 5:38 pm

I personally think we should be looking for a min of 10-15% profit on our share portfolio, if it reaches that we then need to decide if to sell.

With regards to lose none of us want to loose money on shares but as they are a long term investment they go up and down.

We do need to retain some core shares that are performing and giving us a dividend.

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Re: The club's future - a proposal

Postby kevinchess1 » Mon Feb 12, 2018 6:02 pm

Chadwick wrote:If you only sell/buy at prescribed intervals 6 times a year, is it possible that you will miss good prices at which to sell or buy.
I thought the idea of share dealing is to buy low and sell high. If you can't react to an opportunity because it's not "trading week", surely you'll miss out?


We need 2 things before any/every purchase
A vote, takes at least a week, and the money
As a club we wont hold onto money in the bank
There's an incessant need to buy 'Anything'
Its V frustrating :(
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Re: The club's future - a proposal

Postby blythburgh » Tue Feb 13, 2018 9:49 am

Not a member but if I was I wouild vote for holding cash in bank until the right share is discovered.
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Re: The club's future - a proposal

Postby Derbiean » Tue Feb 13, 2018 10:28 am

In regards to the voting maybe we can do a vote by proxy, for me personally there are times when I cannot respond for hours and I would have no problem having someone vote on my behalf if say for whatever reason I did not vote within 3 hours of a vote being set.

What about everyone else?
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Re: The club's future - a proposal

Postby richard@imutual » Tue Feb 13, 2018 4:15 pm

Derbiean wrote:there are times when I cannot respond for hours


With my proposal that shouldn't be a problem. We'd have up to a week between the nominations being finalised and the voting closing, and you'd know when that week is going to be a long while in advance

So all members can set aside a decent amount of time to read through the comments and do their own research before casting a vote

I'm not really keen on the idea of proxy votes, esp as it would undermine the Top Tipster calcs

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Re: The club's future - a proposal

Postby expressman33 » Tue Feb 13, 2018 6:07 pm

kevinchess1 wrote:The 2 biggest issues I see with this idea are
Persuading the members to sell 3 or 4 loss making shares
And
Stopping them buying something if a Stop/Loss kicks in between votes



The main reason I have never joined the club is the process of decision making takes so long . In the time waiting for a vote before buying or selling a share, the price of that share could have changed dramatically
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Re: The club's future - a proposal

Postby Derbiean » Wed Feb 14, 2018 10:06 am

richard@imutual wrote:
Derbiean wrote:there are times when I cannot respond for hours


With my proposal that shouldn't be a problem. We'd have up to a week between the nominations being finalised and the voting closing, and you'd know when that week is going to be a long while in advance

So all members can set aside a decent amount of time to read through the comments and do their own research before casting a vote

I'm not really keen on the idea of proxy votes, esp as it would undermine the Top Tipster calcs


Ah okay thats fair enough :thumbup:

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Re: The club's future - a proposal

Postby kevinchess1 » Thu Feb 15, 2018 12:11 pm

If a share were to hit it;s Stop/loss between dates then that would solve the problem of what to sell
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