Another idea for moving forward

Discussion of the proposed Cashback Investment Club

Moderator: CIC officers

I agree to taking the Club forward in this manner

Poll ended at Fri May 04, 2018 4:19 pm

Yes
12
92%
No
1
8%
 
Total votes: 13

kevinchess1
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Re: Another idea for moving forward

Post by kevinchess1 » Tue Apr 24, 2018 2:52 pm

Not wanting to Muddy the waters bit if we press ahead with this then we won’t be buying Lloyds it’s not risky enough
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garindan
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Re: Another idea for moving forward

Post by garindan » Tue Apr 24, 2018 3:14 pm

kevinchess1 wrote:Not wanting to Muddy the waters bit if we press ahead with this then we won’t be buying Lloyds it’s not risky enough
Granted - though we will need to discuss what composition the less risky fund should take and we may want to consider going back to the banking sector as part of a longer-term choice. Lloyds is bound to come into discussion if that's the case. ..but yes you are absolutely right that a new vote to buy shouldn't include Lloyds, so long as we want to pursue this suggested overall approach.

Rumblings from everyone who has seen the idea so far are positive but I'd like some more members to have their say before I feel it can go to a vote without some tweaks. To this end - I will send a message to all members.
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burwin
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Re: Another idea for moving forward

Post by burwin » Tue Apr 24, 2018 4:27 pm

Its the best idea proposed so far and seems to have merit (in my view) therefore happy to move forward.
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garindan
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Re: Another idea for moving forward

Post by garindan » Tue Apr 24, 2018 5:18 pm

pieman wrote:I like the idea of actually doing something ....
Sorry I missed your post earlier today as a number came in quickly...
pieman wrote:a) if we go for the trial period of a say a year - does this mean that any existing funds not currently invested and any new money is invested into this pot for that time period?
Not sure I fully understand the question as I don't know which pot you are talking about but this is how I see it working:

- money currently invested in shares forms the opening pot for the less risky investments
- the cash we have at hand goes straight into the new riskier investment pot, so we have some money to begin investing
- new investment funding comes in and is invested on a 50/50 basis, so both pots will get the same level of newly invested imutual cashback funds for the trial year
- any proceeds from sales go back to the pot the sold share was in
pieman wrote:b) Does this then mean that the value our in our existing portfolio is 'locked' into the safe fund - and we can only use this to buy 'safe' shares ?
Yes this is the case, so as to offset some concerns of some members about going a bit too far into risk. There is £1300+ in cash available to invest in the riskier fund, so that should be plenty to get started. It represents just over approximately 1/5 of the total cashback investment received into the Club to date.
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garindan
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Re: Another idea for moving forward

Post by garindan » Sat Apr 28, 2018 9:07 pm

Is anyone able to vote on this tread? It is on the first page....
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Beachboy
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Re: Another idea for moving forward

Post by Beachboy » Sat Apr 28, 2018 10:50 pm

garindan wrote:Is anyone able to vote on this tread? It is on the first page....
Yes can confirm am able to vote.

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Re: Another idea for moving forward

Post by AAAlphaThunder » Sun Apr 29, 2018 12:19 pm

Beachboy wrote:
garindan wrote:Is anyone able to vote on this tread? It is on the first page....
Yes can confirm am able to vote.
I have also been able to vote without any issues.

Maybe a good idea to PM CIC Members to inform them of an active poll?
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garindan
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Re: Another idea for moving forward

Post by garindan » Sun Apr 29, 2018 12:28 pm

Thunderfog wrote:Maybe a good idea to PM CIC Members to inform them of an active poll?
Ah - I thought I had done that - but alas it seems I sent the message to myself only and not the membership! :wtf: Sorry!
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garindan
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Re: Another idea for moving forward

Post by garindan » Sun Apr 29, 2018 7:07 pm

I see one member has voted against this but has not commented before or now about what they feel is a problem about it. If that member would share their views it would be most appreciated :thumbup:
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AAAlphaThunder
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Re: Another idea for moving forward

Post by AAAlphaThunder » Sun Apr 29, 2018 8:37 pm

garindan wrote:I see one member has voted against this but has not commented before or now about what they feel is a problem about it. If that member would share their views it would be most appreciated :thumbup:
Purely for the purpose of evaluation.

If the said member does not want to be identified, please give a commentary on the choice by PM to Garindan and he will post your anonymous statement in full.
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