Yep I didnāt buy lots but did a couple of buy at average of about 3650
Havenāt followed them that well, I have followed Taylor Wimpey more and that has been my pick of the house-builders but sold out of that a bit ago. I feel all house-builders will be a bit up and down as people are unsure of interest rate rises and the impact, I would say if you want housing exposure without buying property than a house-builder is a good way, but know in 3-5 years we may have a correction in house prices and that often gives a sharp negative shock to house-builder stock price. But for a long term hold in the more established players like TW and Persimmon you will rarely lose money due to their high capital returns to shareholders (usually dividends). But research each one as I am not sure who is best right now etc other than my pick has been TW in recent years due to land bank and valuation. Persimmon price alert did hit for me this morning so maybe I need to dive into researching themā¦
I agree, it also seem UK govt are keen on forcing house builder to pay for the decades of cladding rectification work that needs to take place on many properties.
The interesting part is that the house builders complied with the regulations that were in place at the time those buildings were erected and so the problem lies with regulation.
Itās not their fault that regulations turned to be incompetent - so why should they be held responsible financially to fix the cladding issues
Iāve been buying relatively discounted tech names for two weeks now - not going well lol. Iām taking some risk off by hedging for now. Probably gonna miss some big āpops,ā but oh well.
Already have some UST - increased positions slightly, but bought some SARK since some of Cathieās bigger holdings are in my portfolio and tanking (ZM, Roku, etc.). Letās see when all this bottoms out so I can be (nearly) 90% in equities againā¦
