Not sure what to make of this morning's bounce on the FTSE other than to say it throws another spanner at my efforts to add to my portfolio by making a seemingly cheap price "slightly" less cheap. This will have very little bearing on the long term but: cake, having, and eating comes to mind!
Although, to be fair selecting is also turning into a chore as more and more candidates drop into an attractive price range albeit with their own dark webs of future forecasts being spun by analysts.
Is there no end to the economic gloom!
But at least it looks like their might be some logic to the recent sell-off in the US (which doesn't suggest others should lamely follow though), and that is the stock market related implications stemming from the unwinding of the Bush era tax cuts in yet another legacy of self interest which has long since been capitalised on.
The most interesting ones (or not as the case may be), being an increase to Capital Gains Tax and Dividend Tax (or withholding tax in my portfolio's case).
With the uncertainty over Capital Gains Tax rates, market reporters seem to be hinting tentatively that a proportion of the recent sell-off might actually be a case of locking in profits ahead of any as yet unconfirmed increases to the rate of CGT.
Actually seems logical.
This thinking also seems to have been applied to Apple, given its meteoric rise, as a partial explanation for some of the continued recent falls ie. locking in profits.
Is now the right time to buy, who knows. No one I know anyway.
But at least you would be buying in the knowledge that most stocks are cheaper than they have been in the last few months, some comfortably so.
So on that basis I still think it very likely that I will make an addition or top up to my portfolio soon.
My biggest problems will be indecision and not having enough funds to buy everything I want to.
As things stand currently, November is looking like being a very disappointing month for my portfolio with current falls in excess of 2% from October's close.
But at least the dividends are continuing to roll in with GE (finally), Morrison's, Centrica, and Aviva having coughed up so far this month, and Apple and BAe still to come.
In addition, Apple, BP, Microsoft, National Grid, and Vodafone, have gone, or are due to trade ex-dividend this month.
Which basically means that I now have visibility of my next invest-able size tranche of funds.
| Ex Div. | Company and payout | Due date |
| Tesco @ 4.63p per share | 21-Dec. | |
| BAE @ 7.8p per share | 30-Nov | |
| R-R @ 7.6p per share | 04-Jan. | |
| William Hill @ 3.4p per share Apple @ $2.65 per share BP @ 9c per share | 07-Dec. 15-Nov 21-Dec | |
21 Nov | Microsoft 23c per share Vodafone @ 3.27p per share | 13-Dec 06 Feb |
| 28 Nov | Nat. Grid @ 14.49p per share | 16 Jan |
Roll up, roll up for the Magical Dividend Tour!
Related post links:
- October 2012: Portfolio Update (The Long Haul).
No comments:
Post a Comment