Stocks & Shares & that

[Ben]

I've decided I'm just going to start paying someone to sort this shit for me.

[Spikey M]

PM me when you get a minute. I have a number of money losing opportunities for you.

[Luke Emia]

I pay 6.5% of my monthly salary into my pension. Ideally I'd pay 15% based on some quick maths but apparently I can't up it like that. I've been sent the following:



I don't want to do APC cos from what I understand, if I die before taking my pension, nobody gets it.

So just stick 8.5% into an AVC and hope it grows massive? Prudential or Standard Life? The former sounds like less hassle.

Check the charges but gut would be that Standard Life would have more expensive charges.

[Luke Emia]

I've decided I'm just going to start paying someone to sort this shit for me.

You should do. It’s what I do, I’m not touting for a sale but find someone with a good reputation near you and use them what it costs will be worth it in the long term. The amount of times I have seen people fuck up on pensions and investments because they don’t have a clue is staggering.

[Foe]

Praying for an admiral miracle tomorrow with their results. I’ve got too many shares of them already and a buy set about 5% below if it does fall further. It better fucking go back up. :moop:

Even more precarious position with harbour energy on Thursday too.

#investwithFoe is a rollercoaster.

[Foe]

Thankfully the broker shat the bed this morning given the volatility on open, so I cancelled my buy and bought live at 19.28 or something. It’s rebounded a good 6% since but results were not good.

Shame the amount I bought definitely doesn’t offset the others I have. HODL

[Foe]

#InvestwithFoe in meltdown.

Not looking good, chaps.

[Spikey M]

The market did not like the bank going bust and the word on the grapevine (DS) is that more could well follow.

[Foe]

Looking forward to it.

Knew buying shares in under armour because i was bored wasn’t a great idea, but here we are.

[Foe]

:(

Suns up today. My gaff fell a shit load too, which is fantastic. If it keeps going I might buy some shares back.

[Kikó]

Credit Suisse isn't going down and neither are any more banks*

*Not financial advice

[niko_cee]

Hasn't Credit Suisse been under a cloud for a long time? Weren't they the ones badly burned by some of those 'family office' events in the US a while back?

[Kikó]

They were on the wrong side of greensil and archegos yep. Plus they've never really properly reformed the business since the GFC (compare to deutsche for example).

[Lofty]

Loaned €54bn to cover 'weakness' in financial reporting :D

[Kikó]

UBS takeover HERE WE GO
1637524164520161281?t=Sxdph9tg2J1E_pdcn3FZYw&s=19

[Spikey M]

I'm sure this is nothing at all like 2008. "Accessing Liquidity" is in no way just another way of saying "bail out". Everything is fine.

[Bernanke]

Imagine being the most corrupt bank in Europe and still unable to turn a profit.

[Foe]

Hopefully the bounce today is the start of the recovery. I’m fully balls deep in harbour and legal and general and I need an off ramp.

[Foe]

#InvestwithFoe had a decent day. unloaded my exposure to talyor wimpey ahead of the dividend tomorrow. Profit from that has taken my “profit” above the £9k mark, £5k in 2023. Paper losses are probably about £5k so I’m back net positive again.

HODL Hargreaves lansdown, Ford, harbour, admiral and legal & general.

Also, I still have my £200 of neonode which is now £120 of neonode.

Unloaded meta yet spikey? I binned at $189. Clearly should’ve bought back in at $170.

Probably buy more S&N tomorrow during the inevitable ex dividend day plunge. Also watching Rio tinto again, hopefully it drops into the high 40s so I can buy back in.

[hfswjyr]

This is pure gambling at this point right? Numbers go up, numbers go down?

[Kikó]

Welcome to stock trading.

[John Arne]

I've made 30% on Bitcoin in the past 5 months.
I've lost 85% on Dogecoin in the past 12 months.

Fortunately, the Dogecoin lose only equates to $270.

[Spikey M]

I've sold everything apart from Neo Node and Bay Capital (the gambles) I don't trust the market at all at the moment.

[Offshore Toon]

The Bay Boys. :cool:

[Dark Soldier]

Remember when I told y'all to short Luna at like $90 but nobody wanted to hurt Kiko's feelings lad what ya doing lads not that I did it myself but it's the principle

[Foe]

I definitely feel like I’m gambling.

I suspect everything will be red tomorrow as people sell off ahead of the weekend. If that happens, it’s confirmation nobody really knows. If they hold up, or rise, there’s enough confidence to keep things moving.

[Kikó]

Remember when I told y'all to short Luna at like $90 but nobody wanted to hurt Kiko's feelings lad what ya doing lads not that I did it myself but it's the principle

I left and made a profit before it died.

[Spikey M]

Paper handed pussy.

[Foe]

BIG OIL needs one final push to get me back to a break even possibility on harbour. So close to having an exit route.

I’m just going to dump any spare funds I have into legal and general this month. A 6% dividend can’t be ignored, right?

Also bought shares of persimmon on a whim for the dividend. Those fuckers are going to tank hard after the dividend so that money is locked in for the long haul. Mental really, given I bought them about 9 months ago for £20 a share and re bought around £12.50 a few days ago. Holding for decades my arse.

[Spikey M]

I thought Persimmon had cut the dividend all together this year?

[Foe]

SLASHED by 75% to 60p per share, but the share price is way down so the yield is actually like 4-5%.

[Foe]

Bought some more today. A deeper hole is a better hole, right?

[Foe]

Bought some more today. A deeper hole is a better hole, right?

Sold these on open after getting the dividend. Reckon it’ll be a 10% return for the sake of owning something digitally for about a week.

You could make an absolute fortune if you knew what you were doing.

[Spikey M]

Sold these on open after getting the dividend. Reckon it’ll be a 10% return for the sake of owning something digitally for about a week.

You could make an absolute fortune if you knew what you were doing.

You already do know what you're doing, it's just a question of risk tolerance. Grabbing 10% wins here and there is far above what a savings account would grab you. The big dogs making fortunes will happily net 0.3% per month playing it safe, they don't need to play these games.

It's a real shame you weren't on this back in the Penny Stonk days of Covid 2020 Foe. What days they were. We thought nothing of 200% pumps and 800% dumps. :drool:

[Foe]

I should’ve bothered my arse during covid to do this, rather than twiddling my thumbs watching shit films off the IMDb list.

I’ve got a pretty high risk tolerance at the moment as it’s pretty apparent I’ve got an awful lot of safety net even if it did all go bang. I’ve drawn the line at crypto, but basically any ftse 100 company is a go if it looks cheap. My pal was trying to get me to buy a whisky cask (no thanks).

And with that I’ve bought into Tesla and Netflix today.

Friday evening American share trading has not gone well for me so far, but watching ross county losing on tv is bleak.

Everything has been trending back up nicely though, bar harbour. :moop: going to buy more if it keeps going down.

[Foe]

I’ve also decided I’m going to unload loads of my company shares that aren’t sitting in the “share incentive plan” umbrella.

If I’m going to own them, I might as well do it in an ISA so I think I’ll bin most of them and buy them back, if they drop, to hold on an ISA.

[Ben]

I bought a load of my company shares in the New Year and they just do fuck all. +0.18%

One of my better performers. :eyemouth:

[Giggles]

Bring back Mellin.

[Foe]

I bought a load of my company shares in the New Year and they just do fuck all. +0.18%

One of my better performers. :eyemouth:

I’ve lucked out on a few shares schemes.

Buying £9k worth of shares that are up 85%, of which I’ve still got 2/3 of to sell, and I’ve got another £9k maturing in September that will more than double at the current share price. The problem is getting rid of the fuckers with this capital gains allowance. Going to transfer the September bunch over to an isa, but the other ones are stuck.

If I can avoid the sack, I reckon I’ll be able to be mortgage free in a house by my late 30s and can then fuck it all off and become a postman or something.

[Foe]

Or by my late 30s the neonode punt will pay for my mansion.

[Ben]

Have you got a financial advisor to help you put the gains in the right place at the right time to avoid the taxman, or are you just winging it?

[Foe]

Just winging it.

I’ve been keeping an eye on capital gains to avoid breaching the limit, same with dividends.

Unfortunately (fortunately?) my promotion and bonus last year means I now need to do a self assessment tax form, so I’ve been reading more myself anyway. Hopefully I can shuffle things a bit better this year to avoid that next year.

Long story short, salary sacrifice into pension and share plans transfer within 90 days of maturing into a stocks and shares isa is the way forward for me.

I do the vast majority of my shares in an isa now which is critical for capital gains, but the dividend limit of £1000 might screw me over and there’s not much I can do about that, aside from unloading my company shares as I discussed above.

[Ben]

I have to do a self assessment this year. First time too. I think I’ll just pay someone.

[Baz]

Bitcoin seems to be climbing. If it gets to £28k (pounds, not dollars) I’ma sell all mine. Currently just over £24k.

https://i.imgur.io/F3WhwZq_d.webp?maxwidth=640&shape=thumb&fidelity=medium

[Spikey M]

I cba to chart it, but it looks like it meets resistance on the all time chart pretty soon.

[Foe]

Got a decent profit to take out Baz?

Shares on my radar for the next two weeks:
Legal and general - 5.5% dividend yield going ex 27th, still bouncing back from the banks dip so could be a double win.
Glencore - 3 or 4% yield in early may. Miners are a bit volatile but that’s right up my alley.
Tesla - I shamed myself and bought some shares ahead of the results next week. It’s a hedge for me vs. my fossil fuel day job. Think I might just start trading these.

I might try and teach myself more on this when I’m next off. I need to get better and hold longer to get more of a gain, I seem to cut short too often.

#InvestwithFoe started 2023 with a bang. Not financial advice.

[Spikey M]

Bay Capital casually up 10% over the last week with no apparent reason. I assume stuff must be happening behind the scenes finally.

[Foe]

Neonode next :yn:

Was hoping L&G would fly today ahead of dividend on Thursday but everything sunk.

My toe dipping back into miners has gone poorly.

Decided to buy some long term holds - persimmon and palantir (again). Hopefully this time around I hold firmer.

Also annoying that S&N is going to fly, as I unloaded the last I had of it a week or so ago as I wanted to hold it in a different account. Coincided with a significant share price rise of course.

Calculating my 104 holding on my gaff shares was an absolute nightmare. Made the mistake of buying some more of them a few months ago. Never again.

[Foe]

Didn’t even last a day with persimmon. Binned it today as it was flying.

I’m a whore. Too easily sold.

Long term is boring.

[Foe]

Bought into palantir again over the last couple of weeks as above, turns out that was an excellent decision after their results today.

Going to sell maybe 60% of my holding tomorrow on open I think if it is genuinely up near $10/share. Keep the rest.

On the flip side, about 18-20% of my portfolio is legal and general, which I kept buying pre dividend as I thought it was value and the fucking thing keeps getting cheaper. Historically it’s normally above £2.30 so it really should get its finger out.

See also: all my other shares.

[Spikey M]

Bay Capital :drool:

[Offshore Toon]

Strap in. :drool:

[niko_cee]

Is that it back to breaking even? :cab:

[Offshore Toon]

I bought in low so I'm up about 40%. I keep forgetting about it until Spikey updates so I'm hoping to wake up a millionaire one day.

[niko_cee]

Volume is massively up on usual so something's up with it.

Wake me up when it's 1775p.

[Spikey M]

I can't find any news whatsoever, but something must be going on in the background for it to run like this.

[Offshore Toon]

I'm trying to forget about this but you two are making me want to go in again.

Can we agree not to mention it until 1000p?

[Foe]

I was surprisingly right about palantir.

Unfortunately I was depressingly quick to sell and take profit.

[Offshore Toon]

Being simultaneously surprisingly right and surprisingly wrong about Palantir is a right of passage to losing money on stocks.

[Foe]

American stocks are just stupidly volatile.

I’m still piddling away doing nicely mind, but I’ve built myself a hole in a few stocks I could do without.

Just have to wait them out.

[Foe]

What’s the thoughts on the debt ceiling?

I’ve obviously spunked everything I have left in a few things on a wing and a prayer. Should I add more funds and go again, or have I just pissed my equity up the wall?

[Ben]

Surely they don't let it happen. But I might buy puts and profit from the ensuing carnage. If the Republicans are stubborn enough then there could be a cool 10% at least wiped off the market.

Although something similar happened about 10-12 years ago didn't it? Fitch downgraded them but the show rolled on.

[Foe]

From a completely uninformed position I’m assuming it’s all completely political rather than there actually being any monetary concern. So in that mindset it’s free discount in my uninformed mind and I’d be stupid not to dive in what I’m willing to risk being tied up.

At the moment I’ve just bought into companies I already had an interest/stake in already ie home builders and back into smith and nephew.

It’s nice timing as I’m shoving my full salary into pension again this month so it should do quite nicely too.

[Offshore Toon]

You Bay boys checked your email?

BAY CAPITAL PLC

2023 Annual General Meeting
Meeting Date:
June 20, 2023

Meeting Time:
12:30 p.m.

Meeting Location:
ST HELIER

:eyemouth:

[Spikey M]

Are you going for us Offy?

[Offshore Toon]

That's the plan ye. I'm looking into it now. You guys can proxy vote on the agenda items too. I went through IG who sent me an email with all the details.

[Spikey M]

Hargreaves Lansdown are yet to send me anything.

[Offshore Toon]

I'll bring it up at the meeting.

[Offshore Toon]

In addition, Shareholders are encouraged to submit questions, no later than 7 days prior to the AGM, via email to the Company Secretary at AcquisitionCo@jtcgroup.com. To the extent that it is appropriate to do so, the Company will endeavour to publish these questions and the Company’s responses on the Company’s website, www.baycapitalplc.com, as soon as practicable after the AGM. To ask a question, please email AcquisitionCo@jtcgroup.com with details of your shareholder number or other evidence of entitlement to attend the AGM.
Get them submitted.

"Who do you prefer out of Mike and Baz?"

[Baz]

Baz!

[Spikey M]

Can I just put "When Lambo?" as the email title?

[Don]

You useless fucks failed me on my BTC endeavours but youhave a chance for redemption. Any info on AI index funds and how I go about slapping down a few K in one with the minimal fuss?

[Boydy]

What do you mean by AI index funds?

[Don]

Google says it's an ETF? Essentially I wanna invest in the sector rather than a specific company. I cba to research specifics so there'll be pre-made collections of companies some virgin gimp has put together that will hopefully pop, even if it doesn't pop as much as the top 1 or 2 companies individually.

[Don]

ChatGPT's wisdom FYI:

Investing in AI can be a promising opportunity given the rapid growth and potential of the field. AI ETFs (Exchange-Traded Funds) can be a good way to gain exposure to a diversified portfolio of AI-related companies. Here's a step-by-step guide on how to invest in AI ETFs:

1. Research AI ETFs: Start by researching and identifying AI ETFs that align with your investment goals. Look for ETFs that specifically focus on AI or have a significant allocation to AI-related companies. Some popular AI ETFs include the Global X Robotics & Artificial Intelligence ETF (BOTZ), the ARK Autonomous Technology & Robotics ETF (ARKQ), and the iShares Robotics and Artificial Intelligence ETF (IRBO).

2. Choose a brokerage account: Open an account with a reputable brokerage firm that offers access to ETFs. Look for a brokerage that has low fees, user-friendly platforms, and a wide range of investment options.

3. Fund your brokerage account: Deposit funds into your brokerage account. The minimum deposit requirement will depend on the brokerage you choose.

4. Place an order: Once your account is funded, search for the ticker symbol of the AI ETF you want to invest in. Enter the number of shares you wish to purchase and specify the order type (market order or limit order). Market orders are executed at the current market price, while limit orders allow you to set a specific price at which you are willing to buy the ETF.

5. Review and confirm: Before submitting your order, review all the details to ensure accuracy. Pay attention to any fees or commissions associated with the trade.

6. Monitor and manage your investment: After investing, keep track of your AI ETF holdings and monitor the performance of the underlying companies. Regularly review your investment strategy and consider rebalancing your portfolio if needed.

While AI ETFs can provide exposure to the AI industry, it's important to remember that they come with their own set of risks. Factors such as market volatility, the performance of underlying companies, and broader economic conditions can affect the value of your investment. Conduct thorough research, consider your risk tolerance, and consult with a financial advisor if needed before making any investment decisions.

[Boydy]

Google says it's an ETF? Essentially I wanna invest in the sector rather than a specific company. I cba to research specifics so there'll be pre-made collections of companies some virgin gimp has put together that will hopefully pop, even if it doesn't pop as much as the top 1 or 2 companies individually.

Aye, wasn't sure if you meant that or a regular index fund (like it follows the FTSE100 or whatever) but AI picks the stocks. Although it wouldn't really be an index fund then.

Just invest in OpenAI if you want to (are they even publicly floated?). The other big tech firms that are doing it, like Microsoft and Google, aren't really going to see massive gains in their stock prices from it. They'll just be bolstering their current positions at the top of the industry. All the news stories you see at the minute about AI firms being like "please regulate us!" is just OpenAI and the big firms trying to stop smaller companies entering the market and overtaking them.

Nvidia are currently doing very well out of the AI goldrush too since they're selling AI shovels so that might be an avenue to go down.

[Don]

But this is what I mean, I assume some of these ETFs have a mix of the big boys alongside OpenAI, Nvidia and then a selection of smaller punts. I wanna spread like my mum in her 20s.

[Spikey M]

IShares Robotics and Artificial Intelligence (IRBO) is the only one I know of.

[Pepe]

None of you should be buying individual stocks, but Nvidia is +140% for me.

[Foe]

None of you should be buying individual stocks, but Nvidia is +140% for me.

This is strong advice that I have completely ignored. Things went down, I bought some, things went down more, I bought more. A repeating cycle until one of us goes bust.

And I don’t think I can out last the stock market.

[Offshore Toon]

The Chairman has confirmed that he is happy for you to attend the AGM and I can confirm that we expect the meeting to finish by 1pm.

Please let me know if you have any questions you would like me to forward on in advance of the meeting.
This is going to be the most pointless 30 minute meeting I've ever attended.

[Spikey M]

:drool: live stream it for the lads.

[Kikó]

I've been investing heavily in en primeur Bordeaux wine season this year. Been a very good year for wine and no capital gains when you sell it. Basically free money.

[Boydy]

Are you just winding Giggles up now?

[Spikey M]

If it's not James Bond themed I'm not interested.

[Kikó]

Are you just winding Giggles up now?

Hopefully.

Wine is much more interesting than Smith and nephews.

[niko_cee]

Are you just winding Giggles up now?

:D

Isn't this what that guy who killed his family at that posh school was into?

[Foe]

Did we all dive into home builders during the doom and gloom?

[Dark Soldier]

Did we all dive into home builders during the doom and gloom?

Shoulda dipped into Sol, easy 2x

XRP was a 3x but nobody saw that.

[Kikó]

https://archive.ph/2023.07.21-044936/https://www.ft.com/content/5a03b08d-dc7e-4115-b6aa-139e1ec39b99

Blowing up cash points = free money.

[Foe]

Shoulda dipped into Sol, easy 2x

XRP was a 3x but nobody saw that.

Crypto a no go for me. Just too much risk.

I’m doing pretty good sticking with ftse stocks and the occassional American share.

Debating “investing” in vintage games. We get an allowance at work for “well-being” and it’s use it or lose it, so it’s basically a 60% discount if you buy gym equipment or video games or something like that.

Tempted to just buy a load of copies of old Nintendo games (Zelda, mario, Pokémon) and shove them in a drawer.

Anyone got any experience investing/collecting in stuff like that? Or any ideas. Wine/whisky are out, can’t have anything alcoholic.

[Dark Soldier]

Man's on that 50p a year gain. Sissy man's business.

[Baz]

Do it.

If you buy protectors for them don’t use https://gamingdisplays.co.uk/product-category/display-cases/game-cases/ cos they’re near-impossible to build and even harder to take the blue wrapping off.

[Lofty]

I thought Pokemon cards were the nerdy man's wine collection these days?

[Kikó]

Why can't you have anything alcoholic?

[Lofty]

I imagine that contravenes the terms of the wellbeing allowance.

[Kikó]

Oh yes. No attention sp

[Baz]

I thought Pokemon cards were the nerdy man's wine collection these days?

There are too many sets nowadays.

The old Wizards of the coast sets (base sets 1 & 2, jungle and rocket) exploded in value during lockdown due to mugs like me deciding to try and complete their old sets but prices have settled down again.

I’ve amassed a large collection of first edition (some shadowless) base set which are worth a fair bit, and should only increase in value, but it feels like a fools game to get them now. If you have them from childhood it’s a whole new ball game though.

[Foe]

Man's on that 50p a year gain. Sissy man's business.

If only you knew.

[Foe]

There are too many sets nowadays.

The old Wizards of the coast sets (base sets 1 & 2, jungle and rocket) exploded in value during lockdown due to mugs like me deciding to try and complete their old sets but prices have settled down again.

I’ve amassed a large collection of first edition (some shadowless) base set which are worth a fair bit, and should only increase in value, but it feels like a fools game to get them now. If you have them from childhood it’s a whole new ball game though.

I have been so tempted to buy Pokémon cards but have not for exactly the reason you have stated above. I had so many but sold them
All off in my teenage years.

[niko_cee]

On the random stock front, I always see 'Corporate Universe' in my ticker of things [I assume as it must have been mentioned here before] and I can't for the life of me work out what it is. Seems to swing wildly every now and then [163% gain yesterday, back down again today?] but I'm not sure it ever has any liquidity or if it is even a thing. Obviously never dabbled.

[Foe]

Along similar lines, what the fuck is this 3i thing?

It’s in the ftse but I’ve got absolutely no idea what it is.

[Lewis]

Would you get sixty per cent off a hair transplant?

[Foe]

Capped to £1500 a year, so I’d be doing it for decades to fill in the amount of bald I’ve got. A good suggestion though. I genuinely think I could.

[Lewis]

Why don't they just pay you an extra £1500? Is it some tax wheeze for them?

[Lofty]

Probably gets them an extra bollocks investor in people accolade rank or something.

[Spikey M]

On the random stock front, I always see 'Corporate Universe' in my ticker of things [I assume as it must have been mentioned here before] and I can't for the life of me work out what it is. Seems to swing wildly every now and then [163% gain yesterday, back down again today?] but I'm not sure it ever has any liquidity or if it is even a thing. Obviously never dabbled.

I remember that from my pennystock gambling days. Good times.

It's a battery / charging station company. They own the patent for some fast charging tech but they were / are being investigated by The SEC.

[Foe]

I remember that from my pennystock gambling days. Good times.

It's a battery / charging station company. They own the patent for some fast charging tech but they were / are being investigated by The SEC.

I need a new neonode to cancel out this dud. Was sitting about 50% down but last week or so just tanked a further 15%. Only shoved ina. Couple of hundred quid in. Genuinely thought about a grand and glad I didn’t.

American shares in general are volatile as fuck. I’m back in Tesla because it dropped 10% because I don’t know why. Blind faith it’ll just go back up.

Palantir too. :(

:youpi:

[John Arne]

Vinfast (VFS) launched on Nasdaq yesterday after partnership with Black Rock - apparently worth $85bn :D :D :D

Get shorting - the company has sold LITERALLY 200 cars in the US (and about 600 to other Vinfast companies) - massively, massively overvalued.

Short now.

[John Arne]

Ok, my site is rubbish. What platform are people using for trading?

[Foe]

Never done a short or long. Always just an investor.

My holding of legal and general is obscene now. My strategy of “just keeping buying it” is like how not to invest 101.

Reckon it’s about 20-25% of my holding now. Fucked it.

My company does the old “save as you earn” plan which matured on Friday. 3 years of saving and the share price has doubled from the option price. :drool: now to get them in an isa and sell the fuckers.

[Ben]

If anyone likes to bet against companies, PodcastOne are about to go public next week and their initial price will be $8-12. However, they’re about to get tied up in a load of lawsuits because supposedly they've not passed on the advertiser’s payments to the podcast hosts and are basically strong arming them into taking stock as a way to get their money back.

[Baz]

How do I make money off this?

[Spikey M]

Never done a short or long. Always just an investor.

My holding of legal and general is obscene now. My strategy of “just keeping buying it” is like how not to invest 101.

Reckon it’s about 20-25% of my holding now. Fucked it.

My company does the old “save as you earn” plan which matured on Friday. 3 years of saving and the share price has doubled from the option price. :drool: now to get them in an isa and sell the fuckers.

Any standard investment is "long" by definition. You're long on any stocks you own.

L&G are solid and you'll make a tidy dividend income, but the share price has been trading sideways for about 5 years. Great news if you're retired and living off dividend income. Shite if you're a pasty oil worker decades from perma-trampoline-bathing.

[Foe]

Any standard investment is "long" by definition. You're long on any stocks you own.

L&G are solid and you'll make a tidy dividend income, but the share price has been trading sideways for about 5 years. Great news if you're retired and living off dividend income. Shite if you're a pasty oil worker decades from perma-trampoline-bathing.

The most accurate post I’ve read on this thread.

Dividends :wub:

[Don]

I'm finally arriving onto the scene. Some AI fund as previously discussed is getting a fair chunk but I'm open to hear TTH's tips for elsewhere. My boy at work has tipped National Grid on the basis of the electric grid infrastructure needed for the electric car revolution which sounds tasty and the share price is currently riding pretty low.

[Ben]

How do I make money off this?

Sorry missed this. You need "short sells" so you borrow the stock, sell it at current market price, then buy it back later on to give back, hoping the price is lower. But you can lose money if the price goes up.

I've never done it before so in no way should you follow me but I'm balls deep in this tomorrow. It's expected to open at $8-12 which is very optimistic. If any of these lawsuits gain traction (they're trying to hush everyone up with money-as-stock payments but some of their bigger clients aren't caving) then it'll do well to be a worth $1 in 12 months. I'm also not convinced that the podcast boom hasn't peaked; PodcastOne have around 200 podcasts but that number isn't growing and they've lost a couple of big names already.

[Spikey M]

Ben repeating Mellins mistakes, but with his own money. :cool:

[Ben]

Nah, this is a sure thing. PayPal me anything you want and I'll keep a spreadsheet.

[Spikey M]

You're going to need a twitch. I like to watch by money bleed away in realtime.

[Baz]

:D

What a time that was.

[Offshore Toon]

Now is probably a good time to start BazBot 2.0 tbh.

[Ben]

If anyone likes to bet against companies, PodcastOne are about to go public next week and their initial price will be $8-12. However, they’re about to get tied up in a load of lawsuits because supposedly they've not passed on the advertiser’s payments to the podcast hosts and are basically strong arming them into taking stock as a way to get their money back.

Shame buying put options is a fucking nightmare because they're down at $1.78 already.

[Don]

Jesus, I had my eye on that tip. Was the liquidity poor or what difficulties are there? Was it just Spikey and Co failing to tell you how to do it?

[Ben]

I'm just guessing investor confidence drained when they found out a lot of the big podcasts in contract with a company PodcastOne absorbed just before the IPO were pursuing them for millions of stolen dollars. I only found out because I listen to one of the podcasts and they were talking about it in August. It was clear that they were trying to hush them all up and get them to sign with PodcastOne before the IPO but rather unexpectedly the podcasts told them to go fuck themselves and filed the lawsuits about a week after the IPO.

Kind of surprising a company as big as PodcastOne let this happen but for any listener of these podcasts it was plain as day what was going to happen to the stock if the allegations went public.

[John Arne]

I've been looking at the Genoa bond that has been launched. I thought that may be interesting... however, 2 minutes looking at their offer document and I 'aint touching it with a bargepole :D


https://gyazo.com/4ddb80d997003e5086e2d11c4fb09bb3.jpeg

[Foe]

Liquidated a scheme today for my gaff which more than doubled in value over three years, beautiful. :drool:

Also bought some shares in McDonald’s because it’s down 20% from a recent high and people like burgers.

Strategy remains scattergun. Success remains illusive.

Palantir is the most volatile stock I’ve ever seen. It’s all over the place.

Think I’m going to buy a box of Pokémon 151 cards if I can find them in celebration. Be a nice set to try and complete for the historic, or maybe that “celebrations” set. I’d love to recollect team rocket but I’d need to do that on eBay singles and bundles I think.

[Lofty]

Tesla shares shitting blood :drool:

[Baz]

Bitcoins gone crazy. Just sold about 30% of mine.

[John Arne]

Vinfast (VFS) launched on Nasdaq yesterday after partnership with Black Rock - apparently worth $85bn :D :D :D

Get shorting - the company has sold LITERALLY 200 cars in the US (and about 600 to other Vinfast companies) - massively, massively overvalued.

Short now.

:drool: $$$$$

https://gyazo.com/b296887915de2e89064f9d99e9525fe9.jpeg

[Don]

These tips really need to start coming with instructions of how to take advantage ffs.

[John Arne]

I actually didn't make that much - there were some limits of the short options for some reason. Dodgy as fuck.

V.League is back, so head over to the Betting thread for some awful tips.

[Foe]

Talk me through Rivian someone.

Sitting at about 10% of the IPO, opening a large factory in Georgia to ramp up production of commercial and person EVs.

Tell me why I shouldn’t take a few grand gamble here.

Went balls deep in barrats and persimmon again in the dip, so that sweet inflation rate better keep falling.

[Foe]

Also still holding neonode at about a 90% loss. :cool:

[Foe]

Talk me through Rivian someone.

Sitting at about 10% of the IPO, opening a large factory in Georgia to ramp up production of commercial and person EVs.

Tell me why I shouldn’t take a few grand gamble here.

Went balls deep in barrats and persimmon again in the dip, so that sweet inflation rate better keep falling.

Was up something like 8% on Friday. Got a small amount of it and will probably offload and rebuy if it falls to build a bit of buffer/contingency. I reckon it’s got potential to pop another 20-25% either direction though.

Need a decent December to meet a stretch 2023 target which would be swish. Sitting on some nice paper profit but don’t want to sell as they’re exposed to capital gains.

Current losers:
Vodafone - seems too low, gotta turn eventually, right??
Ford - incredibly volatile. Down about 40% from a recent high. Pays a good dividend.
Palantir/rivian - bankruptcy risks, big upside
Smith and nephew and legal and general - boring as fuck
Harbour. Just a bad mistake and big hole :(
Glencore - will bounce back

Current winners:
Persimmon/taylor wimpey/barrats - up about 15% on paper, with lots more upside possible

Also bought the absolute top of nvidia ahead of the results looking to make a quick win. :cool:

[Foe]

Talk me through Rivian someone.

Sitting at about 10% of the IPO, opening a large factory in Georgia to ramp up production of commercial and person EVs.

Tell me why I shouldn’t take a few grand gamble here.

Went balls deep in barrats and persimmon again in the dip, so that sweet inflation rate better keep falling.

Up 9% today. Think it must’ve seen about a 20% swing in the last week alone.

[Baz]

I keep selling chunks of bitcoin and then it goes up again. Annoying! But also profitable.

[niko_cee]

MellCorp really should have stuck everything into Rolls Royce.

Good tip that if you ever read this Mellin. :thbup:

[Foe]

Search this thread for rolls Royce.

[Foe]

Talk me through Rivian someone.

Sitting at about 10% of the IPO, opening a large factory in Georgia to ramp up production of commercial and person EVs.

Tell me why I shouldn’t take a few grand gamble here.

Went balls deep in barrats and persimmon again in the dip, so that sweet inflation rate better keep falling.

Up another 11% today.

Also got tipped by a colleague at work about some small cap British semi conductor company I’ve never heard of so banged some into that. Gambling.

[phonics]

1735477765682626781

[Foe]

That’s my kind of shit right there.

IQE was the company, might be of interest to Don I dipped in and out but I might get back in, need to be braver that it won’t go bust.

Rivian is going to soar, I think so I’m going to hold that one.

🇺🇸 > 🇬🇧

[Don]

I ain't got time to research it till next week but what's their deal, why has their price crumbled and why are we thinking it'll bounce?

[Foe]

You’ll just have to google it for yourself…

[Don]

You filthy tease. As much as I like my Nvidia shares, it's not going to get me that silly return I'm on the hunt for so I'll see whether this is worth the punt.

[Foe]

I wouldn’t be punting large amounts here by any stretch.

It’s just a company or industry you seemed interested in. It’s also an AIM company so you don’t pay the stamp duty when you buy I don’t think.

[Foe]

Harbour energy was a fucking rollercoaster this afternoon, but I’m out. That beautiful upswing today cancelled out all my losses. :wub:

Portfolio is actually looking quite healthy now, nothing more than about 8% down.

Bought a book to read so I can figure out what I should be doing. 🤓

[Foe]

Reading a book by some dude “the naked trader” and trying to learn a few things.

1) never really thought about the buy/sell margins as I normally do ftse 100, but seems way more important at smaller shares
2) stop losses seem a sensible idea - I’m only going to use them to “guarantee” profits on shares that are up I think, as I don’t really mind too much if ftse 100 shares dip, just another entry point for my strategy.

Think the whole “research small companies to find growth opportunities” will be a fun thing to give a go in 2024. I’ll probably set aside 10-15% of my capital to go in that as a bit of an experiment.

What websites do people use for research? This chap talks about Stockopedia, advfn and some market news website.

Finished the year way up (probably about 15% or so overall) using my crap strategy and protfolio is looking pretty good actually. Going to target 10% again next year and see where we get to. How did everyone else get on? Was the market volatility and recovery such that everyone did similar?

Don IQE sitting at >24 now and I’ve been trying to get back in at 23odd. I’ll need to do some actual research on it using what I’m learning in this book, so it’ll be my first test and I’ll report back. I actually think it might be a no-go on the basis its last report wasn’t profit making though.

[hfswjyr]

I've just done my yearly recap calcs, and in a year where I didn't buy or sell any shares whatsoever, I'm up 12.5%.

Mostly void anyway, as the apartment value is down 4% (yay, bought at the top of the market) and the mortgage is huge.

[Foe]

Nice! Is that dividends or just unsold growth?

What sorts of companies are you in?

[hfswjyr]

Mostly unsold growth. For example, where companies offer dividend reinvestment plans, I've typically opted in and it's factored that into my basic shares x market value calc. But I didn't bother calculating cash dividend paid, which I just treat as money to spend on life and expenses, and more recently paying down the mortgage.

I only own shares in NZ and Aus companies (easier for tax and simplicity reasons, but probably horrible for market diversity reasons).
I've got... a couple of infrastructure investment companies, airport, packaging business, biotechnology/vaccines, index fund, pension fund, and shares in the engineering consultancy I work for.

In terms of growth/performance this past year:
Good = infrastructure investment, engineering consultancy
Average = airport, pension fund
Bad/meh = packaging, biotech/vaccines, index fund

Goal is to eventually return enough in growth/dividends to be equivalent to my full time job. In 2023 it's done about 66%. Of course this gets harder if I get a decent pay rise, but it's still a good motivator either way.

Having said all this, I have a lot of sympathy for those less privileged who either weren't ever taught the power of investment, or don't have the start up capital to invest anything. Not to say I'll ever be part of the super wealthy/elite, but even with the little that I have done, the whole thing feels like living life with an economic cheat code enabled.

[Foe]

Mostly unsold growth. For example, where companies offer dividend reinvestment plans, I've typically opted in and it's factored that into my basic shares x market value calc. But I didn't bother calculating cash dividend paid, which I just treat as money to spend on life and expenses, and more recently paying down the mortgage.

I only own shares in NZ and Aus companies (easier for tax and simplicity reasons, but probably horrible for market diversity reasons).
I've got... a couple of infrastructure investment companies, airport, packaging business, biotechnology/vaccines, index fund, pension fund, and shares in the engineering consultancy I work for.

In terms of growth/performance this past year:
Good = infrastructure investment, engineering consultancy
Average = airport, pension fund
Bad/meh = packaging, biotech/vaccines, index fund

Goal is to eventually return enough in growth/dividends to be equivalent to my full time job. In 2023 it's done about 66%. Of course this gets harder if I get a decent pay rise, but it's still a good motivator either way.

Having said all this, I have a lot of sympathy for those less privileged who either weren't ever taught the power of investment, or don't have the start up capital to invest anything. Not to say I'll ever be part of the super wealthy/elite, but even with the little that I have done, the whole thing feels like living life with an economic cheat code enabled.

What you’ve described is pretty much my end goal. I’m only just at the start (and questioning why I didn’t start 5 years ago) but by starting now I have a pretty sizeable capital chunk to start with, so I’m hoping it’ll ramp up reasonably quickly. My profit: pre tax salary/bonus was about 15-20%, post tax it’s probably about 30-35%.

A mixed portfolio helpful too. How is the Australian economy looking? Worth looking at, or avoid?

[John Arne]

My Bitcoin investment is up 109% in just over a year :/

Such a shame that I bought so few.

Meanwhile, my DOGE is down 83% :drool:

[Don]

My Nvidia investment is flying but remains a long-term hold. I was tipped off about Novo Nordisk the other day and again, we're jumping in a little too late to make retirement money but I'm expecting to go in on it, AI and fat fucks, two topics I feel passionately about and who I trust won't disappoint.

[Foe]

Cashed myself out of a fund I’d been paying into monthly in my ISA for about a year or so, was about a 7-8% gain but so boring and slow moving.

Backed myself to make better use of the capital, or at least have more interesting share dealing with the funds.

Or alternatively I’ll buy it all back on a ftse dip, which surely must be imminent.

Decision to sell Nvidia shares was a poor one.

Operation buy the dip moves forward.

[Foe]

Did you buy any meta Boydy?

[Boydy]

No, why?

I've never actually bought shares at all. I should probably stick some money regularly in an index fund but I'm fairly sure as soon as I do we'll see a massive crash.

[Foe]

No, why?

I've never actually bought shares at all. I should probably stick some money regularly in an index fund but I'm fairly sure as soon as I do we'll see a massive crash.

Look up the share price over the last year. Spikey did the work for us, so hopefully he is getting the benefit. I bought some on a whim a few days ago ahead of the results on the “they must be making loads of money still”. Plus 20% today.

[hfswjyr]

No, why?

I've never actually bought shares at all. I should probably stick some money regularly in an index fund but I'm fairly sure as soon as I do we'll see a massive crash.

I was always taught time in the market is more important than timing the market.

[Ben]

Correct.

[Spikey M]

No, why?

I've never actually bought shares at all. I should probably stick some money regularly in an index fund but I'm fairly sure as soon as I do we'll see a massive crash.

Your pension will be about 90% ETF's. How much time do you spend worrying about that? Likely none, because you aren't going to touch it for 30 odd years.

Well the same applies here really. If you're saving for a holiday next year, then shove the money in your cash ISA. If you're not going to touch it in the short term then buy some stocks. If the market as a whole crashes, then you can just buy more and reduce your average price, so you're better off when it recovers.

[Ben]

It could be argued the correct strategy these days, considering interest rates, is to overpay your mortgage instead. Even £50 per month make a huge difference. I overpay about £100 per month and I’m looking at 10 years off.

[Don]

The correct strategy is hoarding Nvidia, kids.

[Boydy]

I was always taught time in the market is more important than timing the market.
I know, I know. I suppose any savings that I might want access to in the nearish future ahould just go in a savings account instead of putting them all into shares anyway.

What's the best platform to use? Do I need a stocks and shares ISA? What ETFs should I choose - there are different ones from different companies, right? Like one might have a S&P 500 tracker and some other company might have one as well?

[Foe]

The correct strategy is hoarding Nvidia, kids.

Or meta.


Stocks and shares isa the way forward unless you want to max cash isa limit.

The principle of “time in the market” definitely holds true, but there’s an element of right place right time for sure. There’s absolutely wild swings in (lots of) shares.

I tend to do a tiered approach to a share. Buy in bundles of 5-7% different prices if I like it so I have a spread.

[Foe]

It could be argued the correct strategy these days, considering interest rates, is to overpay your mortgage instead. Even £50 per month make a huge difference. I overpay about £100 per month and I’m looking at 10 years off.
I overpaid the hell out of my mortgage on the flat for the same principle but in hunsight it was a “safe” but ineffective use of capital. More attractive in the short term, but if interest rates come back over the course of your mortgage it’s still probably suboptimal?

Regardless, if you want any advice - don’t get emotionally involved with any fund or share.

[Baz]

Moneys for squandering, not benefiting from.

[Ben]

I overpaid the hell out of my mortgage on the flat for the same principle but in hunsight it was a “safe” but ineffective use of capital. More attractive in the short term, but if interest rates come back over the course of your mortgage it’s still probably suboptimal?

Regardless, if you want any advice - don’t get emotionally involved with any fund or share.

If I can pay my mortgage off by the time I’m 50, my other investments might be able to see me off into retirement in my mid 50s. If I don’t pay the mortgage off quicker then I’m working until 65.

[Foe]

You’re not wrong there. I do not want to be stressing a mortgage.

Mortgage free by 40. :yn:

[Don]

Nvidia and Novo :happycry:

[Baz]

Bitcoin ridiculous again. I remember thinking ‘I’ll sell when it’s at £28k’ and it’s currently £41k. I’ll have none left by the time it’s £100k cos I keep chipping away at it and squandering it on nothing. :baz:

[Baz]

Anyone bother with Premium Bonds? Seems more fun than leaving my savings in a Vanguard account.

[phonics]

Had 500 worth of them for 15 years. Not made a penny.

[Spikey M]

I didn't see Baz's follow up post and thought you had somehow not realised you were a Bitcoin Millionaire then.

[phonics]

I didn't see Baz's follow up post and thought you had somehow not realised you were a Bitcoin Millionaire then.

I owned bitcoin when it was just for buying weed. I spent it all on a 20 bag that now costs 70 thousand pounds.

[Luke Emia]

Anyone bother with Premium Bonds? Seems more fun than leaving my savings in a Vanguard account.

Just stick it in a cash ISA you will get 5%.

Premium bonds are the scourge of the fucking earth.

[Ben]

Your bank will even have easy-access savings accounts over 5% these days.

[John Arne]

My Bitcoin investment is up 109% in just over a year :/

Such a shame that I bought so few.

Meanwhile, my DOGE is down 83% :drool:


Bitcoin ridiculous again. I remember thinking ‘I’ll sell when it’s at £28k’ and it’s currently £41k. I’ll have none left by the time it’s £100k cos I keep chipping away at it and squandering it on nothing. :baz:

BTC at $63k :D I sold my (very low amount) last month at about 100% profit, which was nice.

I'm still all in with DOGE, which has rallied 25% in 24hrs. Need Elon to tweet some more.

[Ben]

I might look to get out of Ethereum now and throw it in something more stable like my pension. I'm up 180% in three years, despite being -15% a year ago.

[Don]

I go off Nvidia and BTC but it seems like everything is not so much simmering as it is undergoing a nuclear fission reaction.

I'm still keenly waiting for a BTC crash but it's fascinating that everything looks so rosy in the markets.

[Ben]

Some smooth brain tweeted that NVIDIA will top out at over $1200 so I’m strapped in for the ride.

[Baz]

BTC gives me a semi everytime I check it, and I’ve only got 2.5k worth left. Can’t imagine how the big hitters are feeling.

[Yevrah]

Or that bloke who has £227m worth of it lost in a rubbish dump.

[Foe]

Sold nvidia basically net neutral at $490 as it seemed to be struggling to get over $500 and I was concerned it would plummet. Fantastic.

Buy the dip strategy struggling in March. Where’s that pawn stars meme?

[Pepe]

Why you weirdos selling? Buy the good stuff and hold on to it.

[Ben]

I'm still holding Gamestop, AMC, Blackberry and Nokia. Down about 70% on those.

[Foe]

Why you weirdos selling? Buy the good stuff and hold on to it.

Define good stuff please.

[Pepe]

ETFs and Nvidia.

[Spikey M]

I would not be buy Nvidia at these prices.

[Pepe]

Late in the game but in the long run it will keep going up.

[Baz]

I’m still waiting for Neonode to go big.

[Spikey M]

100k by Christmas.

[Dark Soldier]

Late in the game but in the long run it will keep going up.

This the Kiko mentality. Wreckage incoming.

[Don]

Short of WW3, there's very little risk to Nvidia still.

[Dark Soldier]

There's a fair chunk of risk on the horizon, but that could be a fair many months away. Safe right now.

[Spikey M]

It's less of a bubble that Tesla was, but Nvidia has a fucktonne of future value priced into the current price. $2.13 Trillion Market Cap ffs.

Any kind of hiccup with fulfilling orders and that stockprice does exactly what Tesla has after having a similarly ridiculous level of hype baked into it's Market Cap.

[Pepe]

Nvidia has been a successful business for a long time. Tesla was priced really high before it made a single cent in profits.

In any case, like 90% of my money is on ETFs.

[Kikó]

This the Kiko mentality. Wreckage incoming.

4/6 companies I invested in no longer exist.👏

[Ben]

Nvidia has been a successful business for a long time. Tesla was priced really high before it made a single cent in profits.

In any case, like 90% of my money is on ETFs.

I’ve only bothered with the S&P500 one. Are they all decent?

[Spikey M]

The S&P 500 is doing about the same as the FTSE 500 if you remove "the magnificent 7". I wouldn't be putting all my eggs in that basket.

https://leverageshares-com.b-cdn.net/wp-content/uploads/2023/10/F8fifUWXwAAi8ic.jpg

I hold Invesco FTSE All World (FWRG) and Franklin FTSE India (FRIN) because FWRG is too light on India in my opinion.

[Lofty]

Nvidia has been a successful business for a long time. Tesla was priced really high before it made a single cent in profits.

In any case, like 90% of my money is on ETFs.

Successful, yes. But what was the share price before everyone wanted a GPU for mining and the prices went haywire, comparatively? Obviously the AI stuff will be getting them massive profits but their bread and butter has people pointing out that it is a higher price than ever for a smaller upgrade than ever before on their GPUs.

[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.

[Don]

Not exactly sounding like free money to jump on an inferior copy to the real thing but AMD's modest growth does intrigue me. Gonna look into it in some depth in the coming days before deciding whether to take the plunge.

[Dark Soldier]

Not exactly sounding like free money to jump on an inferior copy to the real thing but AMD's modest growth does intrigue me. Gonna look into it in some depth in the coming days before deciding whether to take the plunge.

No depth needed, they just wipe the floor with Intel for gaming CPUs. Much cheaper, less power draw and more powerful.

[Clunge]

Plus, about every 6-7 years, AMD take a massive leap out of nowhere and piss on Nvidia's and/or Intel's chips, particular on price vs performance. Ryzen has been insanely successful. Shame the GPUs haven't quite had the same effect, although its been AMD's strongest showing on GPUs for years these past few years.

[Don]

I don't think I can fight the urge to short BTC much longer. IG don't think I'm a pro trader even with my credentials and girth so they won't allow spreadbetting/CFDs on crypto. What's a good UK alternative?

[Ben]

Right, I'm with Taz and I think crypto is about at its high point, so I'm going to liquidate all (/most, maybe) of my BTC and ETH and any other non-sensible places I've got some cash.

The plan is to attack the ISA allowance with Vanguard's funds then after that open a SIPP. That's the way to go right?

[Manc]

Mellberg

[Luke Emia]

Right, I'm with Taz and I think crypto is about at its high point, so I'm going to liquidate all (/most, maybe) of my BTC and ETH and any other non-sensible places I've got some cash.

The plan is to attack the ISA allowance with Vanguard's funds then after that open a SIPP. That's the way to go right?

Do you know what Vanguard funds? Make sure you pick to match your attitude to risk. Also with a SIPP do you have a workplace pension? Are you putting your maximum into that and does your employer match contributions? If your workplace has a decent pension plan then you will normally get cheap costs and if you benefit from things like salary sacrifice that’s more tax efficient.

[Baz]

Not a chance BTC is even close to its peak. For future e-victories it’s currently £52,728.07 / $67,103.70

[Ben]

Hang on scratch that, BTC is due for a halving next month. The previous three have resulted in a bull market so I'm hanging tight.

[Ben]

Do you know what Vanguard funds? Make sure you pick to match your attitude to risk. Also with a SIPP do you have a workplace pension? Are you putting your maximum into that and does your employer match contributions? If your workplace has a decent pension plan then you will normally get cheap costs and if you benefit from things like salary sacrifice that’s more tax efficient.

I've maxed my contribution with what my employer will match. And the pension performance is pretty shit, hence looking at a SIPP rather than keep upping my percentage with the work one.

[Luke Emia]

I've maxed my contribution with what my employer will match. And the pension performance is pretty shit, hence looking at a SIPP rather than keep upping my percentage with the work one.

Ok with the workplace pension who’s it with? You should have the option to switch funds within whoever the provider is. As if it’s work related they will probably just be plonked into a balanced fund so you might think the performance is poor but if it’s tracking it’s benchmark it may be doing ok realistically it’s just not doing what you want it to do.

Alternatively if you can switch the money out of there that currently sit within it if you aren’t happy with the performance to somewhere else potentially within your SIPP if that’s what you wanted to do.

Best thing to do is complete an attitude to risk profiler, Royal London have one on their website then once you know where you sit with that pick any funds within a SIPP based on how adventurous you are they will all have fund sheets which tell you what risk appetite they are for.

Pick 4/5 funds look at their history over the past 5/10 years plus how they performed in 2022 as that’s the big outlier at the minute and then just go from there.

Do the same with your ISA’s but that’s where I’d suggest taking a bit more risk because it’s not so detrimental to lose that as it is in your pension.

Or just use Bazbot. Whichever you’d rather really.

[Ben]

Ok with the workplace pension who’s it with? You should have the option to switch funds within whoever the provider is. As if it’s work related they will probably just be plonked into a balanced fund so you might think the performance is poor but if it’s tracking it’s benchmark it may be doing ok realistically it’s just not doing what you want it to do.

Alternatively if you can switch the money out of there that currently sit within it if you aren’t happy with the performance to somewhere else potentially within your SIPP if that’s what you wanted to do.

Best thing to do is complete an attitude to risk profiler, Royal London have one on their website then once you know where you sit with that pick any funds within a SIPP based on how adventurous you are they will all have fund sheets which tell you what risk appetite they are for.

Pick 4/5 funds look at their history over the past 5/10 years plus how they performed in 2022 as that’s the big outlier at the minute and then just go from there.

Do the same with your ISA’s but that’s where I’d suggest taking a bit more risk because it’s not so detrimental to lose that as it is in your pension.

Or just use Bazbot. Whichever you’d rather really.

Workplace is with People's Pension. They've only got three options: Conservative, Balanced, Adventurous. All wank and all very similar returns, so I don't want more in there than I can get away with. I've looked into transferring over the vast majority into a SIPP that is with a better provider (but not all, so it doesn't close it down and piss off payroll at work).

I've picked out three ISA funds with Vanguard. They're all mid risk but are >10% in the last five years and even stayed in positive through 2022.

Thanks.

[niko_cee]

Any reason the FTSE appears to have gone mental today?

Look at the state of Rolls Royce. 420 a share. Good old Mellers. Should have just stuck THE FUND on that.:lewis:

[Ben]

My S&S ISA is up £200 since yesterday morning. :happycry:

[Spikey M]

Good news on inflation and rate cuts being heavily hinted at in the summer.

[niko_cee]

What's the psychology of 8000 then? If it hits it does it blast through, or is it an impenetrable barrier?

[Foe]

Had my first fat fingers incident today resulting in accidentally buying £12k of prudential shares rather than the intended £1650.

The horror of realisation is not something I want to repeat. £50 pissed into the wall immediately undoing the mistake :moop:

[Raoul Duke]

Go big or go homeless

[Baz]

Fair play that you can make such a mistake and it goes through though. Baller :cool:

[hfswjyr]

Having a cool £12k lying around...

[Foe]

It was an unfortunate situation where those funds were not invested elsewhere at that time. I’ve sold instead of buying before but this is the first time I’ve made a complete arse of a transaction. Worse still it was slightly up today so had I had the nerve I could’ve made a small profit.

But it has enlightened me that might be a strategy, with the right share.

[niko_cee]

Big bets on small movements. It's the way to go, but, you know, Mellcorp.

[Foe]

What are we thinking at 1.30 with inflation data?

I’ve spent my morning de risking myself a little bit selling a few things I can to cover downside which I would buy back.

Was far too exposed to IQE and it absolutely popped this morning after slipping the last few weeks.

Missed out on war paint earlier this week. Set a buy after realising it had dropped and then popped 13%. Annoying.

[Don]

I ain't getting involved in this short-term business but if anyone has any ideas for long-term investments, spill. I've stuck on 50% of a recent lump sum into an Indian ETF (https://markets.ft.com/data/etfs/tearsheet/charts?s=IIND:LSE:GBP @ £7.31) and now want to utilise the remaining 50%.

[Ben]

I think it'll be down. Look at Tesco's profit statement this morning, very quick to point out inflationary pressures have "lessened substantially" and their sector is a big part of overall inflation.

[Spikey M]

I'm thinking of locking in a 20+ year bond while interest rates are good. Only thing putting me off is that absolute piss that Hargreaves Lansdown are taking with their fee to set it up (1% (£20 minimum, £50 maximum)).

It's nothing really and I probably will, but when I can buy funds with no fee Its tempting to just keep lumping it in there.

[Ben]

Bonds are for old men, no? The advice I've always seen says don't bother with bonds until you're into the back nine of life. Equity returns are better.

[Spikey M]

Bonds are for old men, no? The advice I've always seen says don't bother with bonds until you're into the back nine of life. Equity returns are better.

It's a hedge. I don't want to reach retirement age just as another 2008 style crash happens and have to keep working. With bonds I can lock in a guaranteed return and know exactly when I'm getting it. Plus, when it matures, I will be an old git.

Short term bonds are proper old man territory though, yes.

[Yevrah]

What return is on offer for 20 years?

[Spikey M]

What return is on offer for 20 years?

I haven't looked into properly yet, but I believe 6% a year.

[Yevrah]

Compounded?

[Don]

I didn't get involved in AMD during my last mention but having seen Intel's price collapse, I've bought in at 37.20. They've invested billions in new gear with the aim of competing with Nvidia and besides some heightened Chinese trade war business, I can't see too big a risk for what is a big name. Seems a great time to buy.

[Foe]

You’re doomed. I’ve been accumulating intel shares over the last week or so. It’s going to collapse further.

[Don]

This isn't some random startup though, those Pentium 4 chips in my laptop were a thing of art, craftsmanship of such calibre guarantees a lasting presence and reputation in the market and inshallah what a market it's going to be :drool:

[Spikey M]

Compounded?

This is one of the things I need to look into. I know alot of Bonds pay interest monthly/quarterly/annually and you get it as cash. Then you just get what you paid for the bond back at the end. Which is why pensioners like them.

I want the interest to compound though. I am assuming it must be an option. Especially with longer term bonds, but I have no idea. If you can't do it then the idea goes in the bin.

[Spikey M]

You’re doomed. I’ve been accumulating intel shares over the last week or so. It’s going to collapse further.

Why are you buying Intel? There's good reason for their collapse. They're the Nokia of the processing world now.

[Pepe]

Are they? Who is making all of the processors now?

[Boydy]

The Nokia of the processing world seems a bit much but they've probably lost quite a bit since Apple started making their own chips.

[Pepe]

Fifteen years ago.

[Spikey M]

No depth needed, they just wipe the floor with Intel for gaming CPUs. Much cheaper, less power draw and more powerful.


Are they? Who is making all of the processors now?

Here's where I hand you over to DS.

I know they are massively inferior to AMD in both price and performance, but that's about the end of my Knowledge on them. The future doesn't look bright unless they have a surprise up their sleeve though and I wouldn't be buying their stock at the moment.

[Foe]

There’s no logic in my moves.

I’m a #buythedip fiend. Sometimes it works, sometimes it doesn’t.

:yn:

Bought Tesco, aviva, Lloyds and legal and general today for similar reasons. Most of those dipped because of ex dividend, but still.

£100/day still going strong.

[Yevrah]

Have you a spreadsheet you'd care to share Foe?

And did I read that right, you're trousering £100 a day?

[Foe]

Speaking of mistakes. What the fuck was I thinking buying Ocado. I’ve purposely avoided it for years but this year I opted for “take more risk, you’re young”.

I’m not young and it’s been a horrendous decision. :moop:

Going to slowly sell out of my positions in what id call speculative stocks and be more rigid into ftse 100 dividend stocks.

FoeHedgeFund

[Foe]

Have you a spreadsheet you'd care to share Foe?

And did I read that right, you're trousering £100 a day?

All my spreadsheet does is record when I’ve “banked” profit. Intent of that was to keep track of which companies were profitable repeatedly and when I became pretty inert to downside on them and playing with profit. There’s nothing technical about it.

2024 has been pretty good to me, bar a few bad actors which are pretty significant paper losses at the moment. But other than that riding the waves and being diverse has worked well.

Anglo American, fresnillo, Ford, legal and general and palantir been particularly volatile and profitable.

Today was £35ish on Mondi, £55 on a batch of Bloomsbury publishing and £17 on a seperate batch of Bloomsbury publishing. £105. Reinvested into the above,

Lots of and lots of shares move 2-5% over the space of 2-3 days, so if you’re comfortable owning them, and buying more if it dips down, you can just shuffle around as the market does.

Yesterday I unloaded a bunch of IQE for £80, another batch for £40 and binned out of a few other ransoms.

I would’ve made absolute bank had I bought and held a load of fresnillo or Anglo American or IQE and sold in a oner, but I’m happy with lots of repeat small profits. Once I’ve build a load of “profit” buffer I can be a bit more cautious and hold for longer - and that’s what I’m going to try next. Limit myself to about ten companies and just have much bigger stakes/batches in them. Trick for me is not too much at any one share entry price.

Retired or bankrupt by 40. My job is well paying and my out goings are fuck all. So I’ve been spending the last 18 months trying to figure out how I can use it to generate wealth. I’m pretty fortunate on that front.

[Yevrah]

So you look for dips in price and go in? Anything else you consider?

What platform are you using? Aren't these short term trade profits dampened a bit by the fees?

[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.

[Raoul Duke]

Isn't buying a property a less effort-intensive way of doing this?

[Yevrah]

Possibly, but I'm not convinced we're not on the cusp of something bad happening there. It'd also be a hassle/unviable for me personally as I'd get utterly rinsed for tax on any income from it unless I set it up through a company which I can't really be arsed to do.