If you would like to be notified about new posts to our blog you can opt-in to our Weekly Wrap-Up Email service. If you are a member of ShareSoc select the “Weekly Wrap-Up Email” option here. If you are not a member select the “Information and Education Services” option here.
Some of us have plenty of time to read good books while under lockdown rules. Here’s one I have been reading. It’s a memoir by Ben Bernanke, former Chairman of the Federal Reserve under the title “The Courage to Act”. It covers the major worldwide financial crisis of 2007/8 created by the defaults in sub-prime mortgages. The book includes a very good section on how that came about and how packaging up such mortgages eventually led to a complete lack of ...
ShareSoc's board is dealing with many projects and tasks - more than we can handle.
For our Society to be most effective, we need to make better use of the services of the many kind members who have offered to help. We are therefore looking to recruit a voluntary Head of Volunteering to coordinate this process.
If you are interested in taking on this role, you can find further details and an application form here: https://firstflightnonexec.com/candidates/available-roles/437-role-1121-head-of-volunteering-required-for-sharesoc-an-influential-not-for-profit-society-for-investors
Thanks for your attention.
Mark Northway, Chairman, ShareSoc
By Cliff Weight, Director, ShareSoc
I encourage members to join the Wellesley Investors Action Group. You can do so here https://www.facebook.com/groups/wellesleyp2pcreditorsactiongroup
Neil Taylor has brought this to my attention. ShareSoc is very willing to blog and tweet about this and encourage all those who have lost money in Wellesley to consider joining the Wellesley Investors Action Group. They have 300 members already which is a good start. But there were 11,700 investors affected, so ideally all should join the Action Group. The 336 ...
One thing that all ShareSoc members depend upon is a good quality broker. With that in mind, we have started to create topics in our member forum. Our members can now use these to share any news or opinions and raise issues about individual brokerages. This will be helpful to other members. I have set up a separate “Topic” for each of the usual suspects in this area - https://www.sharesoc.org/forums/forum/choosing-a-stockbroker-or-platform/
Over time, I hope this will become a useful resource for members ...
Woodford continues to attract much press coverage and we have set up a Forum page for our members so that all those who are interested can quickly see all the latest news and can also access previous articles. The Forum link is https://www.sharesoc.org/forums/topic/latest-news/
If you visit this topic you can subscribe so that you can get an email when there is an update and/or a comment. This is done by clicking the "Subscribe" link at the top of the topic page.
Also, if ...
By Cliff Weight, ShareSoc Director
Please note I am not qualified to give investment advice, and nothing in this blog constitutes advice.
Chris Spencer Phillips reported in a recent blog https://www.sharesoc.org/blog/investment-strategies/a-review-of-my-2020-share-portfolio-chris-spencer-phillips/ that his portfolio was up +80% in 2020, after being + 25% in 2019. Congrats and hats off to Chris. I cannot rival that, but I thought readers might find my review of 2020 of interest.
My portfolio numbers for 2020 were:
Everything – all equities, ISAs, SIPPs, OEICS, etc ...
Press release 116 - Requirements of public companies’ directors regarding takeover approaches
Joint Press Release from ShareSoc & UKSA on behalf of individual investors
ShareSoc and UKSA recommend The Takeover Panel:
Review their current rules, which disadvantage individual shareholders and all those who are not privy to a potential bid.
Sets out a clear and orderly framework for takeovers, including measures to ensure fairness to shareholders and other stakeholders.
Consider issuing Panel guidance for assessing when talks ...
Review of 2020
I wrote a review of my share portfolio (only an ISA) at the end of 2019 which ended the year 25% up which I was pleased about being a relative newcomer to investing.
Surprisingly 2020 was an even better year albeit a bit of a roller coaster – my ISA was up 80%, if I include profits I made in my spread betting account, which I transferred into my ISA. I have been inspired by ISA Millionaires Leon Boris and ...
On 7th December 2020 the FCA published draft guidance for Insolvency Practitioners (IPs) on how to approach regulated firms and launched a consultation on that proposed guidance.
This is of particular interest to individual investors because it guides the actions of IPs involved in Special Administrations, which occur when a broker fails.
ShareSoc has been concerned about the Special Administration Regime (SAR) since we got involved with the Beaufort case. Clients with substantial portfolios were threatened with significant "haircuts" to their holdings, to ...
Press release 115 - ShareSoc Sends Open Letter to Aviva
concerned about the remuneration review which was announced after the FCA censured Aviva, and
is urging Aviva
to claw back bonuses paid in 2018 and
ensure cultural change at Aviva occurs.
ShareSoc has warned Aviva in an Open Letter (see copy here) that a trivial remuneration adjustment would not be acceptable.
Cliff Weight, ShareSoc Director.
ShareSoc, the UK Individual Shareholders Society
ShareSoc is the UK's largest retail shareholder organisation acting in all areas of ...