Hobson: Pick Up Shares on the Cheap - But Not Glencore

THE WEEK: Morningstar columnist Rodney Hobson has been using up the last of his ISA allowance on cheap stocks, but not all discounted shares appeal

Rodney Hobson 25 September, 2015 | 11:49AM

Investing on the London Stock Exchange continues to be a test of nerves, with sporadic falls of more than 100 points on the FTSE 100 index setting back every attempt to recover ground lost since April. Each fall, has however, proved to be an opportunity to buy.

I have tempted fate twice in this column, most recently last week, by suggesting that we would not see 6,000 again. Such a pronouncement quickly proved premature but I am not disheartened. There is clearly a floor around that level that is holding time and time again.

I have mopped up stocks at what I consider to be bargain prices with the last of my ISA allowance. I am racking up dividends, and as soon as there is enough for another modest purchase I will snap up a solid company offering a decent yield. There will be no shortage to choose from when the time comes.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Glencore PLC304.90 GBX0.36

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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