Stocks & Shares & that

Scottish laws for property ownership means it just isn’t worthwhile. Extra 5% tax or something on top of stamp duty, have to pay tax on the income and council tax recently just doubled for second properties I think.

Fees are bad but it’s still profitable enough to be worthwhile.

I won’t do this forever.

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Originally Posted by Yevrah

Oh and what's your total amount invested, if you don't mind me asking. Just trying to work out how much you need to have spread about to be cashing out some for £100 a day profit.

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PM me.

Are we going to have to start a GoFundMe for a bankrupt Yev where everyone is obligated to donate 20% of the funds he invested in each of our 'Get Rich Quick' schemes?

No get rich quick schemes here. I just have a few quid which has been building over time, that for various reasons I've deliberately not done much with over the last 2/3 years, but now I think I'm finally in a position to I'd quite like a clear run to retire by 60. I'll probably end up with a financial advisor, but having a tentative look at options now.

I should probably have been sensible and followed that same logic. But here we are, hoping for an uptick in fortune for snowflakes so I can close out my position.

The way I look at is thusly: My house is worth about £450k, albeit the bank own most of it. My private pensions add up to a paltry £100k or so, but if I chuck the max in every year for the next 17 years (£30k per annum I think), I'll have circa £600k without a pandemic coming at the wrong time and that doesn't include inevitable returns on the investment (sans pandemic). It'd be nice to get that pension figure to £800k or so, so I can withdraw £200k tax free at retirement and then I'll have £600k left to draw down against as an income, but that doesn't include selling the house, which will be mortgage free by that time.

This is all predicated on me at least maintaining my current earnings, but should I do so and achieve the above I think I'd be able to retire somewhere in the sunshine, living in a decent villa with a pool and having £400k (£200k tax free pension drawdown + £450k from house sale - £250k on villa) or so to churn through before I even need to touch the remaining £600k.

The monies I'm now sat on don't need to be/aren't factored into the above, so anything I could turn them into would be a nice bonus or a way to retire earlier than 60.

I think max pension is £60k/year now, if you want to go down the path of salary sacrifice.

My current thinking, which could be completely wrong, is that I’m better shoving money into pension and/or the stock market than holding it in a bank or paying down a mortgage.

When I get a house rather than paying as much of it off as I can afford, I think I’ll try and keep a 150-200k mortgage to just hold capital that can be used to generate income to pay down the mortgage.

But let me tell you, losses do not pay down a mortgage so I need to get better at picking companies.

I thought the shoving it into a pension route was the best option, but having a read of this it seems far more complicated than it needs to be.

https://www.moneyhelper.org.uk/en/pe...on-tax-relief-

I've never paid enough in each month to notice or care, but my understanding was that if I earnt £50k a year and chose to pay £10k per annum of that into a pension I'd only be taxed on the £40k. That link however suggests it's more complicated than that and involves fucking about with your tax return, particularly if you're going balls deep and then the tapering of the personal allowance comes into play, which is bane of everything at good income levels.

I need a financial advisor. How the hell does one find one of those that they can trust?

There also seems to be some qualifying earnings bullshit based on this calculator, which caps the salary the employer pays a % on at £44k.

https://www.moneyhelper.org.uk/en/pe...ion-calculator

You need a referral really for a financial advisor. I'm just in the process of getting one via the people who do our taxes.

Surely there's someone at work you can ask who'll have A Guy?

Quote:

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Originally Posted by Yevrah

I need a financial advisor. How the hell does one find one of those that they can trust?

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Hi.

In all seriousness just ask around. Someone local not charging more than about 2% initial advice fee and 0.75% as an ongoing advice fee isn't taking the piss. The biggest mistake I see people making is just doing nothing with their pension pots at around our age. Either not putting enough in or not being adventurous in the earlier years just makes it a hell of a lot harder in the long-term. It shouldn't be too hard for someone to get a return of 6/7% a year after fees if you are willing to take a bit of risk and get you diversified enough either.

What would madness is someone like you who obviously isn't an investor looking a single shares or not getting advice as that's the easiest way to piss it all away.

My FA is suggesting investing here https://www.ipglobal-ltd.com/ as isas are no longer tax efficient in Germany. Free money.

Quote:

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Originally Posted by Yevrah

I thought the shoving it into a pension route was the best option, but having a read of this it seems far more complicated than it needs to be.

https://www.moneyhelper.org.uk/en/pe...on-tax-relief-

I've never paid enough in each month to notice or care, but my understanding was that if I earnt £50k a year and chose to pay £10k per annum of that into a pension I'd only be taxed on the £40k. That link however suggests it's more complicated than that and involves fucking about with your tax return, particularly if you're going balls deep and then the tapering of the personal allowance comes into play, which is bane of everything at good income levels.

I need a financial advisor. How the hell does one find one of those that they can trust?

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Attack on multiple fronts is always the best option.

I have:

-Maxed out work pension contribution.
-Life Time ISA (can only access after 60, but the government give me 25% on top of whatever I put in)
-Normal Stocks and Shares ISA for stonks.
-Cash ISA for emergencies.

Oh, and a little bit of Crypto on Revolut as they're nowhere near as much of a pain in the arse about the new Crypto buying rules as Coinbase are.

What's the Cash ISA rates? I've got a 5.2% savings account instead because it's got less than £10k in it so I'm not going to hit the tax threshold, but might swap it over if there's better rates to be had.

Quote:

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Originally Posted by Ben

What's the Cash ISA rates? I've got a 5.2% savings account instead because it's got less than £10k in it so I'm not going to hit the tax threshold, but might swap it over if there's better rates to be had.

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Will be around the same. But, I'd get it into an ISA for the future. It's just a lot more flexible and better to have it in an ISA than any other type of account. Then in the future if you want to use it for S&S etcetera you can just switch it.

Quote:

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Originally Posted by Ben

What's the Cash ISA rates? I've got a 5.2% savings account instead because it's got less than £10k in it so I'm not going to hit the tax threshold, but might swap it over if there's better rates to be had.

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About 3% I think. But I can access it immediately and it's only got 2 months wages in it so I'm not massively arsed about it making money.

Quote:

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Originally Posted by Luke Emia

Will be around the same. But, I'd get it into an ISA for the future. It's just a lot more flexible and better to have it in an ISA than any other type of account. Then in the future if you want to use it for S&S etcetera you can just switch it.

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At the moment it's my mortgage overpayment money in the savings account. Higher rate than my mortgage at the moment so I'm getting all I can out of that before overpaying.

I'll probably put new savings in a Cash ISA then.

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Originally Posted by Spikey M

-Maxed out work pension contribution.

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Thanks for the info on the approach, very useful. On the specific bit above, what does that mean specifically?

I'm guessing it means put in the highest percentage possible that your employer will match.

Yep, that. I pay 8%, my employer matches.

Gotcha. Cheers.

Even if they don’t match you may be able to put in additional amounts. If it’s a workplace pension you may have beneficial terms. If it’s a nest or peoples pension type though I wouldn’t bother.

Ignoring the 50 posts since, Intel are fucked right now as they can't match the cost/performance usage of AMD. Intel is better for your workhorses for your hipster gimps blazing graphic design but only marginally at 4x the power drain.

All them cunts go Apple anyway. The current top gaming CPU is far and away AMD's 7800x3D, for 350-450 quid compared to Intels latest power hog piece of shit incremental tiny upgrade 14900k at 600 for again 4x the power draw and worse gaming performance. AMD are far ahead right now and their own workhorse based CPUs are getting rapidly better.

7800x3D offers 25% more performance at 1080p and 1440p and 15% at 4k compared to Intel's top chip. With the GPU market being stupid overpriced, AMD now rule the roost due to cost/performance ratio.

Intel shat it going for more cores/threads while AMD revolutionised Cache tech which is what gives more performance these days due to CPUs basically being at their modern feasible limit.

They need a revolution in that department, really. Chucking cash into it is either burning it or pissing about with a meme stock these days.

Quote:

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Originally Posted by Luke Emia

Even if they don’t match you may be able to put in additional amounts. If it’s a workplace pension you may have beneficial terms. If it’s a nest or peoples pension type though I wouldn’t bother.

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Just the tax break, I think. But then I get 25% from the government in my LISA which I prefer.

Not to mention, Sir Philip of Green is currently sailing the Med with my BHS pension*, so I'm hesitant to trust anyone too much.

*I probably lost about £300.

God I wish I understood this stuff more. I do a lot of salary sacrifice, but it’s only a recent realisation that my “pension isn’t important” approach for first 4-5 years has probably fucked me.

About £90 today I think, didn’t get significant enough bounces to sell some of the stuff I bought in dips yesterday. The bigger winner was my gaff soaring again so unloaded another bunch of them. Another 2-3% and I’m pulling out four figures, maybe five.

That intel post from ds, and china telling them to fuck off has not helped my feeling of doom on them.

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Originally Posted by Spikey M

Just the tax break, I think. But then I get 25% from the government in my LISA which I prefer.

Not to mention, Sir Philip of Green is currently sailing the Med with my BHS pension*, so I'm hesitant to trust anyone too much.

*I probably lost about £300.

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Yeah if you are under 40 and can have a LISA with guaranteed return of 25% it’s all good especially if you then make it a stocks and shares. But, don’t forget you’ve already been taxed on that money when you’ve received it which you aren’t on the pension so it all works out in the wash.

I mean on your workplace pension if you have a good one in the private sector your annual charges could be around 0.2/0.3% which is cheaper than an individual will get on the open market.

Quote:

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Originally Posted by Spikey M

Attack on multiple fronts is always the best option.

I have:

-Maxed out work pension contribution.
-Life Time ISA (can only access after 60, but the government give me 25% on top of whatever I put in)
-Cash ISA for emergencies.

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This is my approach as well. No stock and shares ISA for me (yet) but I usually have some in fixed-rate ISAs/Bonds. I don't tend to overthink this stuff, to be honest. As long as I'm squirrelling money away, it'll (probably) work out.

Quote:

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Originally Posted by Shindig

This is my approach as well. No stock and shares ISA for me (yet) but I usually have some in fixed-rate ISAs/Bonds. I don't tend to overthink this stuff, to be honest. As long as I'm squirrelling money away, it'll (probably) work out.

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With the bonds, do you / can you compound the interest within the bond? How do you go about buying them?

Not sure on the interest. I've always assumed interest compounded given that the ones I've went for accrue interest annually. Could be wrong but I've never looked that far into it. :D

As for buying them, it's just like applying for any other account. Just look for fixed rate savings accounts and see what takes your fancy. It was a good way to guarantee decent (for the time) interest rates back when those were in the toilet and it was money I didn't mind having locked away for years at a time.

EDIT: Looks like shorter ones are offering better interest rates at the minute. 3-12 month ones are breaking 5% whereas the longer ones are hovering around 4.5%. How odd.

Base interest rate is expected to come down a bit by the end of the year.

Before September would be lovely.

Are home builder stocks a clear winner in Q3 or am I missing something?

I’ve been operating on the “they’ll pop when the inflation rate is low enough the reduce interest rates” philosophy. My only concern being they go bust before that happens, but I can’t see that happening in the current housing doom.

Quote:

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Originally Posted by Dark Soldier

Ignoring the 50 posts since, Intel are fucked right now as they can't match the cost/performance usage of AMD. Intel is better for your workhorses for your hipster gimps blazing graphic design but only marginally at 4x the power drain.

All them cunts go Apple anyway. The current top gaming CPU is far and away AMD's 7800x3D, for 350-450 quid compared to Intels latest power hog piece of shit incremental tiny upgrade 14900k at 600 for again 4x the power draw and worse gaming performance. AMD are far ahead right now and their own workhorse based CPUs are getting rapidly better.

7800x3D offers 25% more performance at 1080p and 1440p and 15% at 4k compared to Intel's top chip. With the GPU market being stupid overpriced, AMD now rule the roost due to cost/performance ratio.

Intel shat it going for more cores/threads while AMD revolutionised Cache tech which is what gives more performance these days due to CPUs basically being at their modern feasible limit.

They need a revolution in that department, really. Chucking cash into it is either burning it or pissing about with a meme stock these days.

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Is the above taking into account their recent release and hype around Gaudi 3 or is it more of an outlook based on personal computing?

Quote:

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Originally Posted by Don

Is the above taking into account their recent release and hype around Gaudi 3 or is it more of an outlook based on personal computing?

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Personal Computing. I can't see the Gaudi 3 making much of a difference but it's a positive that Nvidia has potential competition.

Good to see that it's only taken a couple of weeks for Donny T to start trying to manoeuvre his way around the 6 month lock on him ditching his shares in Trump Media.

Some buggers will have made a fortune shorting those if that's possible and I suppose, other than them likely being bastards, one shouldn't feel too bad about it.

Brought to you by the filthy libtards at the Washington Post:

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Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 - pretty much his “whole nest egg,” he said.

That nest egg has lost more than half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $22 on Tuesday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more.

Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post.

“I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.”

For shareholders like McLain, investing in Truth Social is less a business calculation than a statement of faith in the former president and the business traded under his initials, DJT.

Even the company’s plunging stock price - and the chance their investments could get mostly wiped out - doesn’t seem to have shaken that faith. The stock plunged 14 percent on Tuesday, and the company has lost nearly $5 billion in value since its market debut.

As a business, Trump Media has largely underwhelmed: The company lost $58 million last year on $4 million in revenue, less than the average Chick-fil-A franchise, even as it paid out millions in executive salaries, bonuses and stock.

And in two years, Truth Social has attracted a tiny fraction of the traffic other platforms see, according to estimates from the analytics firm Similarweb - one of the only ways to measure its performance, given that the company says it “does not currently, and may never, collect, monitor or report certain key operating metrics used by companies in similar industries.”

But for some Trump investors, the stock is a badge of honor - a way to show their devotion beyond buying Trump merchandise, visiting Trump golf courses or donating to Trump’s presidential campaign.

Trump Media spokeswoman Shannon Devine said in a statement that “Truth Social has created a free-speech beachhead against Big Tech for a fraction of the start-up and operating costs that the legacy tech corporations incurred, while having no debt, more than $200 million in the bank, and the support of hundreds of thousands of retail investors who fervently believe in our mission.”

Trump Media has boasted that it has benefited from a flood of “retail investors” - small-time and amateur shareholders betting their personal cash. Its merger partner, Digital World Acquisition, said its shares were bought by nearly 400,000 retail investors, and Trump Media’s chief executive, Devin Nunes, told Fox News anchor Maria Bartiromo on April 7 that the company had added over 200,000 new ones in the previous couple of weeks.

“There’s not another company out there that has retail investors like this,” said Nunes, who this year will receive a $1 million salary, a $600,000 retention bonus and a stock package currently worth more than $2.6 million.

In an interview last month with conservative commentator Sean Hannity, the former Republican congressman recounted a recent discussion with Trump in which the men celebrated having “opened up the internet and kept it open for the American people.”

“I’ll never forget the conversation we had,” Nunes said. “He said, ‘You know, once we’re all dead and gone, this will last forever.’”

Many of Truth Social’s investors say they’re in it for the long haul. Todd Schlanger, an interior designer at a furniture store in West Palm Beach who said Trump had been one of his customers, said he’s invested about $20,000 in total and is buying new shares every week.

Schlanger said he now watches his stock performance every day hoping for positive signs. In a Truth Social post last week, he encouraged “everyone who supports Donald Trump and Truth [Social to] buy a share everyday” and asked, “Do you think we have hit bottom?” (The stock has slid about 35 percent since that post.)

He suspects the recent drops in share price have been the result of “stock manipulation” from an “organized effort” to make the company look bad. There’s no proof of such a campaign, but Schlanger is convinced. “It’s got to be political,” he said, from all the “liberals that are trying to knock it down.”

That range of emotions is on full display on Truth Social, where thousands of mostly anonymous accounts have flocked to meme-filled investor groups, one of which is emblazoned with a computer-generated image showing Trump pumping his fist on a Wall Street trading floor.

Some accounts there have recently encouraged traders to keep investing in a fight they said was about “good vs evil” - a way to defend Trump from the liberal elites laughing at him and, by extension, them. The user @BaldylocksUSMC said that “the fight has been long and hard on most of us” and that “this stock is not for the weak,” but that one day they would triumph over critics who were “brainwashed beyond repair.”

After the billionaire media mogul Barry Diller called Trump Media a “scam” stock bought by “dopes,” one account, @Handbag72, claimed to have bought more shares, arguing Diller didn’t “get it” or was “at risk of [losing] $$$$.” The next day, the account shared a 2021 blog post from the investing forum Seeking Alpha saying Truth Social could be worth $1 trillion in the next 10 years.

But there are also flickers of uncertainty and disenchantment, with some saying they faced thousands of dollars in losses or had “risked [literally] everything.” One user who had posted “Tired of WINNING yet?” earlier this year when the stock spiked posted that the recent losses were “painful to stomach.”

“Come on DJT, every time I buy more, the price drops more,” the user @bill7718 wrote. “When will it be the BOTTOM!!” (He posted a chart Thursday showing the stock rising slightly alongside the caption, “moving!!” The price has since gone back down.)

The user @manofpeace123, who said they bought shares at $65 and that 71 percent of their portfolio was DJT stock, said on Wednesday that investing was a way of telling Trump, “I believe in you and I stand with you through good times and bad.” But a day later, the user added: “can’t help but feel sad. … feel like I’m trying to catch a falling knife.”

Another account, @realJaneBLONDE, posted on April 7 that she was “NOT panicked NOT worried” before, two days later, posting a message to Trump and congressional Republicans urging them to make it “illegal” to bet against or short-sell stocks.

“Sick of MY investment money being stolen!!” she wrote. “They’re stealing peoples money and you’re allowing it!!”

Some users said they were “baffled” by the stock’s ups and downs, and one asked for advice on how to tell her husband she didn’t want to sell. One user posted a meme image saying, “If you’re worried about your Money, Remember This, DJT stock is about FREE SPEECH & Without FREE SPEECH Money won’t mean much.”

But other users saw such questions as displays of unacceptable doubt. When the user @seneca1950 asked whether anyone was concerned that the company’s upcoming plans to issue tens of millions more shares would sink the stock price, two accounts criticized the account for spreading “FUD” - fear, uncertainty and doubt.

“Are you a Fudster,” wrote a user named “Jesus Revolution 2024.” Wrote another, called Rabristol: “You must be short with no way out!”

In moments of apparent despair, some users work to lift one another up by arguing that they are enduring the same kinds of “deep state” attacks that had long shadowed Trump himself. When user @BingBlangBlaow said they were embarrassed to be so “deep in the red” and questioned why “everyone [was] acting like everything is fine,” Chad Nedohin, a Canadian investor and prominent cheerleader of the stock on Truth Social and the video site Rumble, responded, “No [one’s] fine with it, but we are DJT now. The deep state is making their run at Trump … and us.”

The user, however, posted afterward that the argument left him unconvinced. “I’m tired of blaming the deep state,” he said. Later, he added, “You would think that the ‘biggest political movement of all time’ would want to support the man leading it and get much better numbers than” this. (The accounts did not respond to messages and offered no way to contact them.)

Carol Swain, a prominent conservative commentator in Nashville who previously taught political science at Vanderbilt University, said she invested $1,000 in Trump Media stock earlier this month, at $48 a share, over the objections of her financial adviser, who predicted the stock would dive.

“If I lose it, fine. If I make a profit, wonderful. But at the end of the day, I wanted to show my support,” she said. “There’s such an effort to destroy him and strip his wealth away, and so much glee about it. I would like to see him be a winner.”

She, too, suspects stock manipulation, arguing that “the people who hate Donald Trump would do anything to try to hurt him.” As for Truth Social itself, she said she posts there only sparingly and prefers X, where she has 35 times as many followers. “I have always wanted not to just preach to the choir,” she said.

McLain, the tree service owner in Oklahoma, said he believes the stock could “go to $1,000 a share, easy,” once the media stops writing so negatively about it and the company works through its growing pains. The company’s leaders, he said, are being “too silent right now” amid questions about the falling share price, but he suspects it’s because they’re working on something amazing and new.

McLain is an amateur trader - he invested only once before and “lost [his] butt” - and said he hasn’t talked to his family about his investment, saying, “You know how that is.” But he believes the Trump Media deal is a sign he is “supposed to invest,” he said.

“This isn’t just another stock to me. … I feel like it was God Almighty that put it in my lap,” he said. “I’ve just got to hold on and let them do their job. If you go on emotion, you’ll get out of this thing the first time it goes down.”

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:happycry:

Some absolute gold in there.

The best was when they all got scammed into buying Iraqi currency.

https://www.thedailybeast.com/trump-...aqi-dinar-scam

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You might want to get out of Nvidia if you're in it.

DJT up loads in the last few days so the leap is logical.

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Originally Posted by Boydy

View Tweet

You might want to get out of Nvidia if you're in it.

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There's no new info here so someone's just applying months old info which was the case in point when it was riding high at almost 1000 to now look intelligent given it's tanked.

The drop seems to be linked to SMCI's shenanigans which is merely rumours until they publish their earnings report on 30 April and Nvidia's is due at end of May.

Nothing has changed though so selling now would be some chickenshit behaviour.

A near 2 Trillion Market Cap is a bubble. A giant, fuck off bubble.

The bounce in the market has been extremely timely for me. Used it as an opportunity to start selling off some stuff I’ve decided isn’t aligned to my core investment strategy.

Operation barge of legal and general to follow.

Did very well out of JD sports little bounce though.

Waiting to see what meta and Ford results give at 10.

Think my core investments are going to be:
Legal and general
Anglo American/glencore/rio Tinto tbc
Haleon or smith and nephew (these are very slow moving. Haleon in particular seems to just bounce between 3.15 and 3.35 almost like clockwork.
Ford
McDonald’s
Aviva or admiral

And just buy and sell batches as the prices rise and fall. Hold as necessary. Most of those pay 4-5% dividend yields if it all goes south.

Meta has not gone well.

Ford looks fine.

:moop:

Things started looking quite bright on interest rates at the tail end of last week, which would be good for my bets on home builders.

I need to tot up the percentage of my profile that is “stuck” in paper losses.

I managed to back away from some stuff last week which was great, and going to be a lot more diligent point forward.

I think I only need a few percentage tick up in a couple of shares to sell off some more risky bets.

No ftse trading on Monday but ‘murica is open. Hoping palantir results after the bell rocket the shares towards $30. The last set sent them to $27 so hopefully if continued progress it’ll reclaim those gains and then some. I’m playing with profit on them, but again, good to sell good news hopefully.

And so GameStop rolls again.

I knew the hold would work eventually. :cool:

Buy high, sell low.

I’ve just pumped some more in. :D

Quote:

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Originally Posted by Ben

Less than 100USD until mid-2020.

Saying that, I bought in on the hype last summer at around 400. I'm selling at 1000 and putting it in something less crazy. Can't trust Ji to not invade.

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There we go. NVIDIA through the $1000 barrier today.

Quote:

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Originally Posted by Ben

There we go. NVIDIA through the $1000 barrier today.

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Kind of wishing I didn’t sell now. :D