With the catastrophe that has very sadly kicked off on the East Coast of the USA recently I have decided to put a stop loss on the Catlin shares that I own. I reckon there could be a bit of downside in here for those with under-writings in the region as and when the losses are calculated and published.
With a touch of limited insight I bought into these some years ago as one of my first investments due to them being a high dividend share. Since then I am up close to 50% (including reinvested dividends) so am keen to lock in any gains that I've got rather than watch them disappear into thin air should the price crumble. I've set a stop loss of 448p. If this gets triggered, fine, if not great.
I also own shares in Hiscox and will look at doing the same here although these are currently doing less well, they're up about 30%.
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