[John Miles]

Hi again Stephen, Hi everybody,
Thanks for your helpful advice.

I’m a widower in his nineties, so I’m not personally too bothered about such matters any more.
On the other hand I look after half a dozen ISAs for non-investment-minded family and friends, and it’s only fair they should know what they might be letting themselves in for.

The going rate seems to be 75 grand per ISA, but it goes without saying that 0anyone concerned should do their own research.

[John Miles]

A CLLN experience doesn’t half sort the men from the boys.

[John Miles]

Hi Robert, Hi Stephen, Hi Everybody.

In my view Stephen is 100% right: he doesn’t do selling because he believes, almost certainly correctly, that on balance it pays to hang on to apparent disasters rather than sell them.
If you know better, and it really works for you, that’s fine, as I’m sure Stephen would agree; but you wouldn’t
be a HYPer any more.

As f0r my “brave” buying into CLLN. I can only say that now and again I can’t help doing something frivoloous.

What did Shakespeare once say?

Home life is heaven, and orgies are vile.
But you need an orgy once in a while.

One can’t be a complete angel all the time.
I can’t anyway

[John Miles]

Hi Everybody,

Interactive Investor are probaqbly worth investigating.
I’m afraid we don’t do SIPPs, but my niece and I have a joint regular invsestment account with them and manage half a dozen ISAs for various family members.

Works very well, fair charges and no complaints so far.

[John Miles]

Thanks again.
I think we were at cross purposes at one point. but I don’t don’t disagree with anything you say.

What came out of it for me was that it’s quite feasible to start a HYP with rather less than I’ve always assumed. So, as I fear the next generation is going to find it even more difficult to get itself an adequate pension than we did, I’m inclined to suggest to my young friends snd relations that they consider starting up a HYP as a bit of a backup

And thank you for reminding us that diversification too is affected by the law of dimimishing returns.
Bad news for fund managers, who boast of billions of holdings on their books, but are, in practice, hardly more diversied thab you or me.
Actually it’s a double whammy for them, since after the first dozen or so it gets bmore and more difficult to find anything worth investing in

[John Miles]

Hi Stephen,
Many thanks for your comment.
I agree with almosr everything you say, and plead guilty to strainng after inapprpriately theoretical accuracy.

But what if an ideologically committed HYPer were to invest three grand (instead of two and a half}, to look fof five or six percent (instead of four}, and/or to add a bob or two to his dividend payments when he buys each month in accordance, of course, with established TDL principles?

I can’t see them coming to serious grief, in fact this is probably the most sensible thing they can do with any spare cash they may happen to have.

[John Miles]

Hi Andrew,
Must you go? Can’t you stay>
How can we possibly manage without you?

But if you’re really determined good bye, happy landings and the Best ofr British Luck.

[John Miles]

I think a little SI is in order here – I susp3ect t5he market, and the countr.y will wag on prett5y much as usual.

John (Fruitcaike Leftie)

[John Miles]

I’m a “Regular Investor” with TD Direct.
It costs me £1.50 month as I’m happy to do one buy into my ISA every third Wednesday.

John miles

[Author]

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