The dividend pay-out will have also been taken into account lowering the price. Typically a dividend pay-out sees a like for like drop by the same amount in the share price.
unlike others, I sold all my RIO and BHP shares yesterday and I lost about £350 during the sale and all the dividends I could have got. I see RIO are back up again today. I have been buying high and fear selling across on all of my stocks. I cannot cope with this.
I lost a lot more on other stocks held here and have wiped out £1000s, and to tub salt into the wound not even FT profited from it. I simply cannot stomach investing like this anymore. I have lost plenty with this app. It’s not investing, but a game in the guise of investing but stuffed with incentives to trade instead of investing long term. Arguably I could buy, uninstall, and walk away and never check again, but it take 3 mins to install and log in each time.
The difference with HL and FT is that HL is difficult to place an order, and when I do for some reason I never look back. I check in biannually to see what’s happening.
But with FT it is the opposite. I check hourly. It is like gambling and encourages some people to act irresponsibly. I hope that some re. It’s obsessive and emotionally destabilizing, and eating up my life; A life that does not have much left to live in terms of years.
I am slowly selling off my positions and hopefully will put this into index funds back with HL, and eventually close down FT.
I have good index funds that have served me well for decades with HL. I want to live instead of being tethered to a smartphone checking FT every waking hour. From an engagement angle, FT is just another SnapChat Instagram Facebook app.
FT is an excellent platform & I admire what they have done. They should go far, and I wish them well with their launches and success.
I’d just work on my patience. Nothing to do with freetrade. I barely log in and almost exclusively invest in ETFs. Not paying insane amounts for a service doesn’t make it gambling.
It’s hard, I know. Especially when you’re not experienced at not-checking. But the issue is in front of the screen, not in the app.
It’s not patience.
It is fear.
Well said I’m kind of ignoring my app at the moment as don’t want to panic sell
That’s very common. I sold Amazon in the COVID drop only to buy back 10% higher.
Honestly the best trade you can make at times like this is nothing. Hide the app in a folder or set usage locks so you can’t check during market hours.
You’ve been at this game a while and clearly have a good level of knowledge (from your posts) don’t let fear over rule your calm well considered decisions.
Indeed. Buying and selling on other sites I used required lots of hoops to place orders. It helped me focus on what was important.
FT has destabilized me by this being so easy:-) I need a break for a while.
Great idea. Walk away and come back in a few days. There is a reason city traders are all Coke addled nutters or burned out with a nervous breakdown by their mid 30’s!
lol so true.
One heck of a generalisation but nearly spat my coffee out thinking of WOWS
You should still get a div this month. if you were holding at the ex dividend date. I think BHP pays out today, RIO pays out in a couple of days.
Learning to leave things alone is one of the hardest things in Investing. I’ve kind of got there now. I used to spend loads of time tinkering and my returns are better now that I’m more passive. You need to be emotionally detached. I used to get angry about losses and rush into trying to make it back, rather than taking a step back and making a more sensible decision
This. And fear of loss. I’ve still not learnt
Stocks fall and rise .We need to be detached otherwise you will be on a emotional roller coster.
In next few weeks there could be major correction in the market and it will be a good time to buy .Stocks will recover.
Last year around March stocks crashed within 18 months we were at pre covid levels.
I got lucky on the covid drop, back in march 2020, as that’s when the switch flipped in my mind, and i stopped worrying about the price movements.
Had kept a sum on the side for the inevitable drop due to supply chains getting mangled (i work in supply chain management, and it was / still is rather painful).
My conviction was high on certain companies, and their fundamentals were solid, so i bought and bought and bought
Nowadays i open the app maybe every few days, though i open my tracker in excel every afternoon (but I can’t buy/sell theough there hah)
I just bought a share in this bad boy, wait don’t tell me I bought in at the wrong time the company is about to fold lol
Rio Tinto is expected to fork out one of the largest-ever annual dividends during the coming week. The approximately £12.1bn payout for shareholders will likely include a special dividend. The forecast from the analyst consensus is that sales topped $65bn in 2021, for pre-tax profits of $39bn and a $10.20 per share dividend. That would be the second-largest ever dividend in the history of the FTSE 100, behind Vodafone’s £18bn payout in 2014. The most optimistic analyst anticipates a payout of $11.60 per share. – Sunday Times
Does that mean I was to late for the divvy /cry, this stock was on my list I just needed cash ahh, I bought like 8+ diff new stocks today
I believe you had to hold in August 2021 for this special div. I bought 13 shares in September 2021
Declaration date 23 Feb 2022 (Wed)
Ex-div date 10 Mar 2022 (Thu)
Pay date 21 Apr 2022 (Thu)
Dammit I blame Boris Johnston, oh well least I’m in now.
13 shares tidy I hope to get a good few more in this one as well.