- Forums
- imutual
- Investment Club
- The club's future - a proposal
Moderator: CIC officers
Totally agree with this, and the new process will allow the table to reflect the wisdom of "sell" decisions just as much as "buy" decisionsBeachboy wrote:it takes no account of when someone has voted to or might have wished to sell a share
I was thinking the same over the weekend. The mechanics of the club should be based around ease of making sound buy/sell decisions. The Top Tipster Table should be a 'bolt on', and adjusted to suit the club, not vice versa.Beachboy wrote:I only really see [the Top Tipster Table] a bit of fun and a gimmick and whilst have no issue whatsoever with its existence I do not think we should be basing how we actually run the CIC on whether it fits in with Top Tipster Table.
Beachboy wrote:
*NB based on current track record I do not think the argument for a smaller portfolio has been made, in fact I think based on what I have observed so far having a small number of different shares has been one of biggest downfalls and not been a positive for the CIC and so would like to understand how it is felt that having less will help us.
No I have never said that, but I do not think the case that having a smaller portfolio will do us any better has been made yet. Based on our current performance our portfolio could quite feasibly consisted of six shares including Carillion, Greene King, United Utilities, ITV, GlaxoSmithKline, but instead of the amounts we held currently have invested we might end up having even more (based on the fact that we will hopefully have more money in the CIC to spend as more members join and there is more money for purchases). It is only diversifying out into other shares and having a wider portfoilo (such as Barclays) that we have anything positive currently to show from our recent investments.kevinchess1 wrote: You think that we are doing okay so far then?
Users browsing this forum: No registered users and 8 guests