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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.
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.
PM me.
phonics
11-04-2024, 08:45 PM
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?
Yevrah
11-04-2024, 08:50 PM
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.
Yevrah
11-04-2024, 09:13 PM
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.
Yevrah
11-04-2024, 09:37 PM
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/pensions-and-retirement/tax-and-pensions/tax-relief-and-your-pension#What-is-pension-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?
Yevrah
11-04-2024, 09:43 PM
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/pensions-and-retirement/auto-enrolment/use-our-workplace-pension-calculator
Raoul Duke
12-04-2024, 05:50 AM
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?
Luke Emia
12-04-2024, 07:56 AM
I need a financial advisor. How the hell does one find one of those that they can trust?
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.
Spikey M
12-04-2024, 12:00 PM
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/pensions-and-retirement/tax-and-pensions/tax-relief-and-your-pension#What-is-pension-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?
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.
Luke Emia
12-04-2024, 12:14 PM
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.
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.
Spikey M
12-04-2024, 12:18 PM
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.
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.
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.
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.
Yevrah
12-04-2024, 01:08 PM
-Maxed out work pension contribution.
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.
Spikey M
12-04-2024, 01:33 PM
Yep, that. I pay 8%, my employer matches.
Yevrah
12-04-2024, 01:34 PM
Gotcha. Cheers.
Luke Emia
12-04-2024, 02:21 PM
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.
Dark Soldier
12-04-2024, 02:29 PM
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.
Spikey M
12-04-2024, 02:43 PM
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.
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.
Luke Emia
12-04-2024, 05:27 PM
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.
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.
Shindig
12-04-2024, 06:15 PM
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.
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.
Spikey M
12-04-2024, 06:53 PM
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.
With the bonds, do you / can you compound the interest within the bond? How do you go about buying them?
Shindig
12-04-2024, 07:47 PM
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.
Yevrah
12-04-2024, 08:15 PM
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.
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.
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?
Dark Soldier
13-04-2024, 07:40 PM
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?
Personal Computing. I can't see the Gaudi 3 making much of a difference but it's a positive that Nvidia has potential competition.
niko_cee
17-04-2024, 08:27 AM
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.
niko_cee
17-04-2024, 10:18 AM
Brought to you by the filthy libtards at the Washington Post:
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.”
:happycry:
Some absolute gold in there.
phonics
17-04-2024, 10:26 AM
The best was when they all got scammed into buying Iraqi currency.
https://www.thedailybeast.com/trump-fans-sink-savings-into-iraqi-dinar-scam
Boydy
20-04-2024, 09:47 PM
1781454698136109380
You might want to get out of Nvidia if you're in it.
niko_cee
20-04-2024, 09:51 PM
DJT up loads in the last few days so the leap is logical.
1781454698136109380
You might want to get out of Nvidia if you're in it.
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.
Spikey M
20-04-2024, 11:22 PM
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:
I’ve just pumped some more in. :D
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.
There we go. NVIDIA through the $1000 barrier today.
There we go. NVIDIA through the $1000 barrier today.
Kind of wishing I didn’t sell now. :D
Always hold.
Would get to $1500 soon, but they are splitting the stocks apparently.
When it was about $800 I read something from an analyst with good history that it could potentially peak at around $1100, so I decided having bought at $400, a sell at $1000 would be great. It still is, but FOMO now.
Made my first adventure into GameStop today. And a wild 25 minutes it was. I’ve never seen something so wildly volatile, and that wasn’t even in a wide band. It was swinging $26-29 In the time I was watching.
£32 of profit later I’m never touching it again.
Achieved my 2024 target at the end of May, so the next 7 months are about de-risking.
GameStop is class. Been in since day 1.
What sort of stakes are you playing with? I shoved just shy of £600 in just to punt around, so escaping £32 up was about a 5% gain, but I could easily have had that cash stuck.
My current stuck cash that I’m in the process of either trying to gradually pull out, or going to have to take my medicine on:
Underarmour - had this 14 months now. It needs a big 20% swing up, which it can and has done in the past but I think now any sort of movement about 5-10% up from where it is now will do me. Bad decision.
Tesla - gambling on the hype even though I know it was over valued. Just got caught which was always the risk. Paper losses aren’t super severe but it’s still annoying.
Intel - this is a relatively new one, predicted in this thread. I might let it ride but I’m certainly pulling any I can out at cost.
Rivian - terrible decision and the confirmation my strategy doesn’t work well with big fee platforms with American shares - certainly not with speculative ones.
Ocado - I have no idea what this share is going to do. It swings wildly 10% in either direction on any given day, which I’ve been using to
My advantage to derisk. But I want to lower my average entry price and then hold.
A lot more confident I know (just about) what I’m doing and what to avoid, from now. Im not going to drift far from big companies in key areas and see if I can maintain my 10-20% growth target. My first barge has been deployed on glencore. £7k at about £4.72. Will be out anything north of £4.80 and then repeat on any dips. Second barge will be applied to legal and general whenever there’s a dip sub £2.45.
When does this uk isa thing kick in?
Also, anyone in national grid? I got in literally days below that split was announced and now I’ve got no idea what to do.
John Arne
10-06-2024, 09:42 AM
The FTSE100 is smaller than NVidia.
The FTSE350 is smaller than Microsoft.
UK really has spent 20 years going backwards.
What sort of stakes are you playing with? I shoved just shy of £600 in just to punt around, so escaping £32 up was about a 5% gain, but I could easily have had that cash stuck.
£800 ish. I'd be about £100 down if I sold it all now. I just see it as lost money and a few lols. It's literally the last stock I hold now, everything else is just indirect via Vanguard et al investments.
When does this uk isa thing kick in?
As in the rule where you can be in multiple? It came in this April.
£800 ish. I'd be about £100 down if I sold it all now. I just see it as lost money and a few lols. It's literally the last stock I hold now, everything else is just indirect via Vanguard et al investments.
As in the rule where you can be in multiple? It came in this April.
Yeah that makes sense. I did the same yesterday and when I was in crypto. Consider it a risk of zero. Pre market was $31 or something was $26 when I checked this afternoon.
I was meaning the extra £5k you could put into a uk isa, so £25k contribution rather than just £20k.
As an aside I used some brutal logic today selling some rivian shares (for a hefty loss).
I’ve sold at a price I have some elsewhere at so if it goes up I’m winning that round and can cash those out for profit. If it goes down, I rebuy the shares I just sold. Sort of set my benchmark, but it was a crap feeling admitting and realising the mistake.
That’s the first I’m hearing about an extra £5k, and it’s definitely not this year.
It’s Called a British isa, and is supplementary to the 20k Isa. However some googling suggests it’s not until 2025 at the earliest and my suspicion is it will get scrapped.
Anyone has trading212? How safe is it?
It’s so much better for foreign shares with fuck all fees but unsure what sort of position would be sensible in there. They’re fcs approved so any thing up to £85k should be fine and safe right?
The markets have been pretty brutal in June. I’ve used it as an opportunity to try and liquidate some American stuff (which isn’t too bad) and pile into some uk stuff which is struggling. So more of a transfer than a flat out sell for loss.
I did however buy back those rivian shares (and a few others) on that recent dive - so that’s worked nicely, so waiting a pop back up (with the benefit of being able to set limit orders in trading212 and barely any fees so a more subtle rise is an opportunity).
Intel almost showing signs of life, which would be nice.
Spikey M
22-06-2024, 01:09 PM
I've been using it for years. It's as safe as any other. Great for stonks, but I keep my longterm stuff in a Lifetime ISA with Hargreaves Lansdown.
That’s exactly what I needed to hear.
I’m leaving my stocks and shares isa in HL and only doing Uk stocks. And then using 212 for American and other foreign shares. Just haven’t decided how deep I’ll go in 212.
At some point I might open a seperate isa in 212 but for now I’d rather build the balance in HL.
That’s exactly what I needed to hear.
I’m leaving my stocks and shares isa in HL and only doing Uk stocks. And then using 212 for American and other foreign shares. Just haven’t decided how deep I’ll go in 212.
At some point I might open a seperate isa in 212 but for now I’d rather build the balance in HL.
My referral links in the opening post. :baz: never had a problem with it.
Spikey M
22-06-2024, 01:51 PM
That’s exactly what I needed to hear.
I’m leaving my stocks and shares isa in HL and only doing Uk stocks. And then using 212 for American and other foreign shares. Just haven’t decided how deep I’ll go in 212.
At some point I might open a seperate isa in 212 but for now I’d rather build the balance in HL.
Be a good lad and use my one plzthx
https://www.trading212.com/invite/Gvd9WLWi
I joined about a month ago and went balls deep, I was just trying to figure out whether I was at risk.
Been doing alright so far.
Guess who sold £3.5k of rivian earlier today?
:moop:
Im an investing genius.
Nike the newest one added to my list of really bad decisions. What the fuck, Phil.
Sold almost completely out of Tesla, halved my exposure to rivian. Much more balanced now, and far less paper losses. Out of Palantir now on this recent rise. So await liftoff.
10% equity return first half of the year target hit, so it’s all profit (hopefully) from here.
Going to buy a house in the next 12 months so that’s going to fuck my ability to chase up a bit, but I’m not touching my isa.
How much do you reckon I need in a stock and shares isa before I can retire and just live off what it earns?
Spikey M
07-07-2024, 02:56 PM
Nike the newest one added to my list of really bad decisions. What the fuck, Phil.
Sold almost completely out of Tesla, halved my exposure to rivian. Much more balanced now, and far less paper losses. Out of Palantir now on this recent rise. So await liftoff.
10% equity return first half of the year target hit, so it’s all profit (hopefully) from here.
Going to buy a house in the next 12 months so that’s going to fuck my ability to chase up a bit, but I’m not touching my isa.
How much do you reckon I need in a stock and shares isa before I can retire and just live off what it earns?
That's what Dividend ETF's are for, aren't they? Designed to hold their value but pump out a regular income. Otherwise you have to constantly sell your holdings to fund your lifestyle.
randomlegend
07-07-2024, 03:34 PM
We've saved up the money to buy a car and planned to buy one with cash this month.
I'm now wondering: does it make more sense long-term to take out a bank loan to pay off the car and invest what we've saved into either a savings account or stocks and shares tracker ISA?
My back of a fag packet calculations would be that we'd come out ahead over 4 years even just having it sat in a savings account at 4%.
I am fucking CLUELESS financially to be honest, which is a bit pathetic really.
If you can get a low interest loan, then yes. Get the loan and stick the money on an ETF.
If you can get a savings rate higher than that of a loan then yes, otherwise no. Works the same way as a mortgage overpayment give or take a few quid.
randomlegend
07-07-2024, 03:58 PM
If you can get a savings rate higher than that of a loan then yes, otherwise no. Works the same way as a mortgage overpayment give or take a few quid.
The savings account rate is 4% and the loan 6.1%, but the compound interest would put you a few hundred ahead over 4 years if my maths is right?
That's what Dividend ETF's are for, aren't they? Designed to hold their value but pump out a regular income. Otherwise you have to constantly sell your holdings to fund your lifestyle.
Yeah, that’s what I’m thinking, just not sure what the target number is before that becomes a realistic possibility.
Spikey M
07-07-2024, 04:36 PM
Yeah, that’s what I’m thinking, just not sure what the target number is before that becomes a realistic possibility.
Completely depends on what you're shooting for, I suppose. Should be easy enough to work out though. Just look at the Dividend yield and workout how much you'd have to own to cover your current expenses. I can't imagine it's going to be a low number though. Dividend ETF's usually only yield around 4%ish, so you'd need a million to bring in 40k a year.
Yeah, I suppose I was thinking more that by the time it comes house paid off so you might be able to get away with £20-25k before pension starts kicking in too. But yeah. Just need to get a half million in there. :moop:
Spikey M
07-07-2024, 05:52 PM
Yeah, I suppose I was thinking more that by the time it comes house paid off so you might be able to get away with £20-25k before pension starts kicking in too. But yeah. Just need to get a half million in there. :moop:
You can find individual stocks that yield higher than that, but the trade off is they're also going to lose value as they tend to be companies in decline. British American Tobacco for example will give you nearly 10% yield, so you'd "only" need £200k to get your 20 grand a year. But the obvious trade off is that the share price is almost certainly going to continue to decline and they are perfectly within their rights to slash the dividend at any time, which would both fuck your retirement plans and send the stock price through the floor.
You can find individual stocks that yield higher than that, but the trade off is they're also going to lose value as they tend to be companies in decline. British American Tobacco for example will give you nearly 10% yield, so you'd "only" need £200k to get your 20 grand a year. But the obvious trade off is that the share price is almost certainly going to continue to decline and they are perfectly within their rights to slash the dividend at any time, which would both fuck your retirement plans and send the stock price through the floor.
Yeah, at the moment I’m playing individual stocks and I think getting somewhere about 10-20% return. In future it might be better to not fuck about so much and just use a fund. £200k in an individual stock is too rich for me. I’ve currently got about £20k of legal and general and that’s about my limit for any individual share before I start applying for jobs internally so I can know what’s going on.
randomlegend
07-07-2024, 06:16 PM
If you can get a low interest loan, then yes. Get the loan and stick the money on an ETF.
https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-global-all-cap-index-fund-gbp-acc/overview
Something like this?
Spikey M
07-07-2024, 06:20 PM
Yeah, at the moment I’m playing individual stocks and I think getting somewhere about 10-20% return. In future it might be better to not fuck about so much and just use a fund. £200k in an individual stock is too rich for me. I’ve currently got about £20k of legal and general and that’s about my limit for any individual share before I start applying for jobs internally so I can know what’s going on.
Oh yeah, I'm definitely not recommending that you do it. British American Tabacco will almost certainly die before you do. Maybe of you were a coffin dodger.
Lewis
07-07-2024, 06:22 PM
Why is British American Tobacco doomed? They sell vapes, and the entire third world smokes.
Spikey M
07-07-2024, 06:23 PM
We've saved up the money to buy a car and planned to buy one with cash this month.
I'm now wondering: does it make more sense long-term to take out a bank loan to pay off the car and invest what we've saved into either a savings account or stocks and shares tracker ISA?
My back of a fag packet calculations would be that we'd come out ahead over 4 years even just having it sat in a savings account at 4%.
I am fucking CLUELESS financially to be honest, which is a bit pathetic really.
On the subject of this, I would personally just buy the car with the cash and start investing what you were saving afresh. Purely because I'd rather not have unnecessary debt where possible.
I'm also doubting the availability of a low interest car loan in this market. I thought they were famously interest heavy?
Spikey M
07-07-2024, 06:26 PM
Why is British American Tobacco doomed? They sell vapes, and the entire third world smokes.
No idea. Just looking at the chart and it's been declining for years. I know nothing about it as a business, it's just a famous high yield Dividend stock.
They’re one of those companies that with them will be phased out of a lot of funds if they haven’t already.
I’m by no means perfect but I wouldn’t invest in them.
Signed my pal up to 212. £12 of Microsoft ffs. What is that. He’s getting £65 of adidas the swine.
The savings account rate is 4% and the loan 6.1%, but the compound interest would put you a few hundred ahead over 4 years if my maths is right?
I think at those rate you're probably better of just buying outright.
https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-global-all-cap-index-fund-gbp-acc/overview
Something like this?
Yes, that one looks good. I am on SCHB mainly, because I use Schwab as my bank, but same idea. Don't be like Foe and try to find good performing stocks. Just put your money in there and leave it there. It will keep growing.
Speaking of not being like Foe, TSM is finally going up. Get on that train before it's too late.
randomlegend
07-07-2024, 07:44 PM
Just going to buy the cars outright, pay for the big holiday next year and then start saving into an ETF.
Thanks for the help.
Foe is doing just fine, thanks. :D
Admittedly I’ve just spent the evening looking at massive, expensive houses and decided that’s what I’m going to buy so it all now has a purpose.
On that note so I can gauge what’s peoples levels of risk tolerance, what sort of mortgage do people have.
When I had my flat it was £140kish, my thinking for a house is £250k, but these definitely a few of my pals with £300k plus.
Don’t share if you’re not comfortable, can imagine you London and south folks must be way into the hundreds of k as a norm?
My mortgage is around the £250k mark.
randomlegend
07-07-2024, 09:20 PM
Ours is around £190k now. We saw some guy from the mortgage advice bureaux before we bought, who encouraged us to get like a £350k mortgage, which we declined to do because it seemed fucking mental.
Spikey M
07-07-2024, 09:24 PM
200k
Someone at work monitors their Vanguard investment via the Trading 212 app. Can I do that, if I didn't set up the Vanguard investments using Trading 212?
Lewis
07-07-2024, 09:48 PM
I borrowed £123250 in mid-2021, so I think I owe about £123250.
Yeah encouraging that people seem broadly aligned.
I can get a mortgage of £400k or something but seems completely reckless to go balls out on debt.
£244k upon purchase. £20k paid off atm. Should probably be overpaying given the low fixed rate.
AyDee
08-07-2024, 05:39 AM
£374k (joint mortgage).
Boydy
08-07-2024, 09:18 AM
Some of you lot must have had some big deposits to have mortgages that small in England.
Spikey M
08-07-2024, 09:50 AM
Some of you lot must have had some big deposits to have mortgages that small in England.
£125k of equity we put in, it's our 3rd place though. Had to work up from a 1 bed. That 1 bed was bought for £140k and sold for £210k 4 years later. The housing market is absolute silly bollocks.
Boydy
08-07-2024, 09:55 AM
Jesus, some profit on that.
Spikey M
08-07-2024, 10:03 AM
Jesus, some profit on that.
It is, but it means basically nothing. It's probably great for landlords knowing they could sell and make a mint, but when you're living in it it doesn't really mean much.
I suppose we could sell and become one of those weirdo Van Life families, but I don't think I'd get it past the Mrs.
hfswjyr
08-07-2024, 10:20 AM
On that note so I can gauge what’s peoples levels of risk tolerance, what sort of mortgage do people have.
When I had my flat it was £140kish, my thinking for a house is £250k, but these definitely a few of my pals with £300k plus.
Don’t share if you’re not comfortable, can imagine you London and south folks must be way into the hundreds of k as a norm?
Cries in NZ house prices.
Almost £0.5M.
randomlegend
08-07-2024, 10:55 AM
Some of you lot must have had some big deposits to have mortgages that small in England.
We only had a £10k deposit. Bought our house for £230k in 2020. It's worth £350k or something now.
Dquincy
08-07-2024, 08:30 PM
350k mortgage remaining but house is allegedly worth double that figure.
Lofty
09-07-2024, 05:32 AM
£125k of equity we put in, it's our 3rd place though. Had to work up from a 1 bed. That 1 bed was bought for £140k and sold for £210k 4 years later. The housing market is absolute silly bollocks.
Yeah we owe 120k on ours and it's been valued 200k when we haven't done anything major to it. She wants to move to a bungalow now though :moop:
Today was a good day, lots of blue.
Did realise that I’ve clearly fucked up somewhere and accidentally sold more shares of something than I meant to. Solid way to lose £1k. :moop:
Trading 212 are doing a Cash ISA @ 5.2% :thbup:
Trading 212 are doing a Cash ISA @ 5.2% :thbup:
Cheers. Will sack off my 4.35% Kroo account.
. Here's my link: http://www.trading212.com/invite/FzFsneBk
I keep getting like £12 of Microsoft shares for any referrals. Quite underwhelming ha
Had another great day today. Rivian soaring wiping away my paper losses so I’m in pretty good shape.
Trading212 really is brilliant. In the process of selling pretty much everything I have elsewhere to get it done in there.
Gone absolutely balls deep into Ford on this most recent plunge.
Also starting doing some adult sums trying to work out the optimum thing to do with investing/trading capital vs. Mortgage.
So much interest to pay each month on a like £200k mortgage - like £600-800/month. Late to the party but fuck me.
All my would-be overpayments are currently making >5% in Trading212. :thbup:
Talk to me about Ford.
I’ve lobbed about 8% of my portfolio in on this slide and I just keep topping it up each day. We must be near bottom, right?
Also bought about a grand of shares in Wendy’s after watching that American office episode where Kevin finds Michael a date.
Guess you’ll mature the account and Chuck it in the mortgage as and when the savings interest rate is lower than the mortgage rate?
Guess you’ll mature the account and Chuck it in the mortgage as and when the savings interest rate is lower than the mortgage rate?
If that's directed at my last post, then yes absolutely. It's really good, all the other >5% easy-access savings I can find are limited (eg. Barclays maximum £5k).
Trading 212 are doing a Cash ISA @ 5.2% :thbup:I find it bizarre that this gives me a daily update on interest earned. :cab: and I’m talking like £0.13 a day, not worth informing me about.
Spikey M
01-08-2024, 07:24 AM
I find it bizarre that this gives me a daily update on interest earned. :cab: and I’m talking like £0.13 a day, not worth informing me about.
Turn off notifications. It's in the settings.
Hopefully a correction not a full scale crash.
Balls deep. And going deeper next week if it sustains.
Investment choices remain poor, but the number keeps going up.
Intel by the way, fucking hell :D
Now have a lot of legal and general and Ford - which makes me an investor, rather than a gambler.
But I did buy snap on the hoof due to the juicy volatility.
Dark Soldier
05-08-2024, 09:39 AM
Black Monday lads.
Japanese market obliterated in 24 hours. Worst crash since 1987. Defence stocks flying. Crypto dying. South Korea halted all sell markets.
https://x.com/patrickbetdavid/status/1820309678464905622?t=T7K3lTg-Q7VJNOfmPqqYhw&s=08
Buckle up.
I wouldn't call it a crash yet. We're not even back to start-of-year levels. The recent growth has been insane so any correction will be very severe.
Spikey M
05-08-2024, 12:15 PM
The US market hasn't even opened yet. :drool:
Dark Soldier
05-08-2024, 12:29 PM
BTC bout to smash right back under 50k. Who was the lol merchant in here saying 100k and I sell. Love it.
Spikey M
05-08-2024, 12:35 PM
100k by Christmas
I did some seriously guesswork based reshuffling of my portfolio today.
Binned off the things that were steady/profit to buy into stuff I like that had been severely hit.
Now that might sound mental, but it seemed a good way to bin off some lowly diageo shares I have in the hope something else bounces back better than it will.
Some serious recovering this afternoon though. Palantir results tonight I think too.
Staying the heck away from crypto still though.
And out of nowhere palantir pulls a big win out and I’m remarkably up for the day.
We roll.
Hit a milestone of total ‘profit’* since I started actually trying to buy and sell more regularly the last 18 months.
*profit means I want you all to ignore my paper losses and pretend they don’t exist, please thanks.
Japan bounced back, so today in America could be interesting.
FTSE bounced back a little.
Took some profit from some things and rebought some things I’d sold, lower. :cool:
1820314551956742240
This could explain why Japan shit itself.
Hope that plays out because I’ve not got much appetite to keep buying the dip.
niko_cee
19-09-2024, 04:00 PM
Roller's on a roll again.
:cool:
Enjoy your island Mellin.
So what do we think is happening in the budget?
A lot of rumours kicking about of various options.
No capital gains allowance?
Capitals gains tax raised to the same as income tax?
Reduced isa allowance annually?
Capped isa amount?
I’m hopefully they just try to close off some of the loopholes of people using capital gains/dividends and leave the average punters relatively alone.
However I think we are heading towards a zero capital gains allowance and higher tax on profits scenario. Hopefully they leave isa allowances as an outlet.
Still though, I’m debating selling off some company shares I have before the capital gains rises(?) happen. Also have a bunch that are “tax free” and debating selling them too in case they basically void that allowance (company shares, own them five years in scheme they become tax free).
Going to do some serious gambling for earning season.
Bought some 3M yesterday. No idea what they do. Mon.
Gonna buy some more snap on Monday morning purely on the basis their last earnings was bad and it sank. Reversal? Hope so.
Got a ton of Ford, it’s the 28th. People like trucks.
I did buy Netflix but bottled it early so didn’t get the full upside.
Last week was a stormer, so going to just throw money at earnings and see what sticks.
Spikey M
19-10-2024, 03:58 PM
3m are a chemical company and they're potentially tied up in the the Teflon scandal (https://qz.com/1630348/dupont-and-3m-face-a-growing-list-of-water-contamination-lawsuits).
I have no idea what's going on with all that now, but I know that there's alot of people out there with birth defects and cancer that were getting an awful lot of legal advice a couple of years ago.
Do some reading.
But people like trucks, right?
Do you dabble in ftse250 stocks? I’m beginning to think they’re something I should get more involved with as a growth stock opportunity.
The only ones I’ve ever really bothered with are warpaint and Bloomsbury publishing.
And IQE, which is looking increasingly likely will be a complete dud.
Getting better to sticking to big FTSE100 companies in my S&S isa, but I’m trying to blend elsewhere.
Spikey M
19-10-2024, 04:11 PM
I have some Warpaint but otherwise I don't have any UK stocks anymore.
3M do the best sanding discs going. That’s my contribution.
I’ve only shoved a £1k in, and will pull it if I can make £40 or £50 so it’s not a significant issue.
I had been de risking and then got completely bored yesterday and bought small amounts of a few random things.
Schlumberger - this was down post results, but the more I think about it it’s probably a hedge for a trump presidential win. drill, baby, drill
Pure tech health - genuinely thought this was pure gym. I’m not convinced it is. Something to do with drugs or pharma.
Future - down 20% in a day? That seems a lot. Only looking for a 2-4% rebound and I’ll be out.
Thankfully these were only less than 0.5% of my portfolio a piece, so it’s just a bit of small scale punting.
I did buy a shit load of mondi though. That fits my bill of FTSE100 decent dividend payer so any price dips, or huge drops in this case, and I dive in.
Annoyingly the other one I fancied was snap-on and it jumped something like 8% on results.
You are late on both, but the big winners after Nvidia will be the fat pill crowd and the nuclear small reactor crowd.
Stick to index funds lads.
Who makes Ozempic? Good chance it’ll be available through NHS soon.
Novo Nordisk and Lily are the two big players. A few others are coming up with competitors soon though, and I believe Ozempic's patent runs out in a year or two.
Hopefully it’s pure tech health. :cool:
Buy high, sell low.
Palantir at $42. :( had it at $8 but didn’t hold.
Bolted out of future, pure tech and shlumberger today at open of each. Made a little bit too, but decided bad idea to literally go blind.
Go time for 3M though. Apparently I had a buy set up and bought more. Oops.
Spikey M
22-10-2024, 05:09 PM
Lend us a tenner
Can’t I’m afraid.
Doubled down on snap.
2024 been a good year though.
The people don’t love burgers right now so I’m back in the Mcgambles.
Ford went poorly - but I don’t mind owning (lots of) that.
Snap went well.
Debated Reddit, didn’t do it. Baffling good, annoyingly.
Dived in and out of chipotle pretty much neutral.
Not sure what’s up next for me.
That was less painful than anticipated. Sold a few things in the immediate spike.
£228 up for the day. Thankfully I’m not the person sirkeer was worried about.
Been increasingly wondering if I can do this full time if, as is looking increasingly likely, I’m punted in the next few years. Currently working plan is retired by 40 and trying to manage a portfolio for £20-40k of income a year to just tick me over.
If someone is trying to make a living out of stocks and shares is spread betting the only/best avenue? I’ve avoided that entirely and instead just shuffle shares of actual companies.
Considering your approach seems to be fucking about based on names, I probably wouldn't make this your retirement plan. You probably have enough cash to go to a wealth advisor who can actually advise you properly.
Plus you've been getting punted for about 10 years now.
John Arne
17-11-2024, 06:41 PM
As to be expected, my DOGE doubled recently giving me a nice little return. I going to hang on for a while yet, though. To win, you have to be brave enough to lose /warney
Considering your approach seems to be fucking about based on names, I probably wouldn't make this your retirement plan. You probably have enough cash to go to a wealth advisor who can actually advise you properly.
Plus you've been getting punted for about 10 years now.
You’re probably right, but I’m not convinced it’s as difficult as people think. Once you’ve got a lump of capital as long as it’s pretty well spread there’s so much movement/volatility that unless something is terminal, there’s option.
If rivian and IQE avoid going bust I’m probably fine.
Have survived I think 3, maybe 4 expansice company reorganisations in 12 years. Apparently a lot of restructuring ongoing in 2025 too.
As to be expected, my DOGE doubled recently giving me a nice little return. I going to hang on for a while yet, though. To win, you have to be brave enough to lose /warney
Do you think the trump trade keeps going? I’m expecting at some point rational heads to profit take into other cheaper options.
Spikey M
17-11-2024, 08:16 PM
You’re probably right, but I’m not convinced it’s as difficult as people think. Once you’ve got a lump of capital as long as it’s pretty well spread there’s so much movement/volatility that unless something is terminal, there’s option.
If rivian and IQE avoid going bust I’m probably fine.
Have survived I think 3, maybe 4 expansice company reorganisations in 12 years. Apparently a lot of restructuring ongoing in 2025 too.
You are trading in a spectacularly easy market at the moment. Don't think this is the norm or that it will always be this way. Trade this way in a Bear Market and you will have your arse handed to you.
Santa is here.
Rivian has been a tick which is what I needed. Only the £7k left in that shit show.
Palantir hit $80 this morning, which would’ve literally been a 10x for me had I just held my original buy. Didn’t. :cool:
My Vanguard portfolio has returned 18% this year. :cool:
My Vanguard portfolio has returned 18% this year. :cool:
Cracking.
Made £0 today for the first time in a while. Actually, scrap that, made £3 on championX. Ballin’
My Vanguard portfolio has returned 18% this year. :cool:
It is good isn’t it. Free cash for zero effort.
Plus they have an app now!
Yeah, my own investment choices have been inconsistent at best, so knowing I can launch my money into that and have them do way more with it for the 0.06% fee or whatever it is, is a great comfort.
I've noticed Trading212 are dropping the Cash ISA interest rate though. I'm half tempting to throw all that in Vanguard too, as even though I'm on a shares-only portfolio that they deem risky, their historical performance suggests otherwise.
I've said it before and I'll say it again: But ETFs, hold forever.
The one I use, SCHB, is up 27.17% this year.
Boring.
I bought some Macy’s earlier today because it dropped 13%. Sold it this afternoon for £35 profit. Had about £2k of it in there at risk.
That’s what I live for. Wild, speculative punts that cover my weekly food costs.
All you ETF and fund gentleman are too sensible.
Boring but not bankrupt. I’m shit at this thing.
Spikey M
11-12-2024, 05:54 PM
You're both doing it wrong. What you want is most of your money in boring ETF's, but piss all your small change up the wall on toxic pennystocks that never return anything like me and my mate Kiko.
I see your penny stocks and raise you IQE.
Tonight’s earnings gamble is Adobe.
Anyone take control of their own pension pot? I have a company contributions pension but the fund options are quite crap I think, so I’m tempted to see if I can take control of it as a Sipp and shove it in an S&P tracker.
You're both doing it wrong. What you want is most of your money in boring ETF's, but piss all your small change up the wall on toxic pennystocks that never return anything like me and my mate Kiko.
I put about $10k into bitcoin and ethereum months before they both went to hell. Held on tight and now I am up 100%. I also have some on Nvidia, which obviously has done great, and TSM, which took a while but finally is delivering. The big losses to far are AMD and Novo-Nordisk, but I think they'll come good with time.
See, I can be fun too!
I put about $10k into bitcoin and ethereum months before they both went to hell. Held on tight and now I am up 100%. I also have some on Nvidia, which obviously has done great, and TSM, which took a while but finally is delivering. The big losses to far are AMD and Novo-Nordisk, but I think they'll come good with time.
See, I can be fun too!
That's my one investment outside of Vanguard now. I liquidated everything I had to put in ETFs, but kept the 1 Ethereum I bought for just shy of £1k in early 2021. That's now £3k.
Go me.
Some of the ftse stalwarts finally showing signs of life this morning was pleasant, for the 45 minutes it last before they reverted to being red.
Told myself I would do research over Xmas so I could be a more informed investor, but couldn’t be arsed so I’m just swing trading snap in 2025 as my core investment strategy.
niko_cee
17-01-2025, 04:14 PM
As all time highs continue unabated I was thinking to myself that if Mellers had just stuck to his Roller/IAG picks it could have been Mellin's Economics and not Gary's Economics as the runaway youtube sensation.
His book would have been great as well.
Are we ever getting him back?
Spikey M
17-01-2025, 04:19 PM
No. He's even left THE GROUP, without saying anything. So, either
1) he's lost everything, gone back to a life of crime and he's in HMP Whereverthefuck.
2) He's lost everything and is living in a Postoffice doorway.
3) Actually made a fortune off of Yev's grand or whatever he put in and is currently shagging a backpacker on a beach in Phuket.
Yevrah
17-01-2025, 04:44 PM
It was £300, maybe £500, but certainly no more. Either way, a great con and you have to respect him for it.
niko_cee
17-01-2025, 05:00 PM
Rolls tipped at around 75, current price, 587 - think that was Nov 2020. I've still got it.
Not sure when he tipped IAG, but I'm sure it was less than half of what it is now.
So, however many hundred down on the scam, many tens of thousands up on the other side. Come back Mellers.
Gary's big tip at the time was gold, which, whilst good, is nowhere near Roller.
I would welcome more tips.
How badly is trump going to fuck novo? They’ve slipped under $80/share today which seems like VALUE.
My snap swing trading experiement is fun*
*until it goes bust.
Is this the Ozempic shit? I’d say buy, purely on the basis that it is absolutely going to have horrendous side effects so of course the market will be flooded with it before we realise. That’s usually how this stuff works.
Spikey M
17-01-2025, 06:29 PM
Yeah, I wouldn't touch it purely because it feels like a future Thalidomide case, but you're right in that they'll probably have made several Billionaires before the news of the maiming and cover ups break.
Yeah exactly that.
Trump wanting green land means they might end up in the cross hairs as a major danish exporter, and now they’re tariff/price negotiating it.
I’m not thinking long term here, I’m thinking could this get a ten percent return and to me, I can’t see why it wouldn’t be able to pop back. It might never break $100 again but the danish economy is so reliant on it - it’s actually causing worker shortages for other companies.
The real risk with Novo Nordisk is that their patents run out in a year or two, so generics will become available. You got to decide whether you think that the brand name will carry them or not.
It’s currently 1% of my portfolio so I think I can cope with that risk.
Better than when I had rivian as about 15% of my portfolio for sure.
Out of novo.
Also back out of palantir today.
Snap needs to pick itself off the floor, I’d rather not have so much of this ahead of the next warnings on 8th feb I think. Some, yes, but not a lot. Big upside but large downside.
Does anyone do much foreign stocks outwith the UK/US?
Novo/BMW aside, I’ve not really looked much. But there must be opportunities to get into some European companies to take advantage of the euro, or jump (late) into India’s efforts to control world growth.
Why is everyone talking about Ripple all of a sudden?
Because it grew over 1000 times recently.
The reason it is going up is because of the rumors of the US maybe starting a crypto reserve. I guess we'll see. Might be worth a gamble, I guess, although probably too late to that party and dealing with crypto is a bit of a pita.
Lofty
22-01-2025, 07:28 PM
Is it a rumour? Trump literally said he is going to do it.
Well, he says a lot of things.
niko_cee
24-01-2025, 03:54 PM
Out of novo.
Novo Nordisk's stock (NVO) rose more than 8% in Friday trading on news that the company's latest weight-loss product delivered favorable results.
:dirk:
I made something like £50 profit so I don’t really care, but I was frustratingly right.
I was so right with palantir in the low 70s and high 60s too, but I unloaded on the ride up, as I often do.
My biggest win today was IQE rising 20% and looking like it might not go out of business. At one point I had £10k in that, now I feel more secure in that it’s “only £7k”.
Making better decisions is my plan for 2025. I took some wild swings in 2024.
Foe punts of January:
Crocs
Vodafone
Snap
Hollywood bowl
Warpaint
Jd sports :(
Jimmy Floyd
25-01-2025, 04:22 PM
Sounds like a terrible day out when I was 14.
Probably will have an equally dismal return. We will see.
5% on each of those bar snap is the minimum expectations. Snap could easily get a 20% from its current price, but could equally result in a 20% retreat.
Need a strong final week of January or my ability to generate profit is plateauing.
niko_cee
27-01-2025, 04:54 PM
How is META bucking this deepseek downturn and just powering on up?
Nvidia down 16%.
Spikey M
27-01-2025, 05:14 PM
He got in bed with Trump.
Boydy
27-01-2025, 05:26 PM
How is META bucking this deepseek downturn and just powering on up?
Nvidia down 16%.
Didn't Meta open source their LLM models a while ago? So I guess they're not affected by a much more efficient LLM competitor.
Jimmy Floyd
27-01-2025, 06:03 PM
Has anyone yet worked out where the energy for all this processing power is coming from?
Spikey M
27-01-2025, 06:12 PM
Has anyone yet worked out where the energy for all this processing power is coming from?
Drill, baby, dril.
No risk it, no biscuit. I’m in.
Jimmy Floyd
27-01-2025, 06:16 PM
The more I read into Trump II the more he becomes a very distinct thing from Trump I, indeed hardly anything to do with Trump at all and more of a front for tech gangsters.
That Marc Andreessen tweet about the price of everything falling to zero was a bit of a tell.
Has anyone yet worked out where the energy for all this processing power is coming from?
My former advisor is very excited because BIG COAL might be back.
Spikey M
27-01-2025, 06:23 PM
My former advisor is very excited because BIG COAL might be back.
Advise your advisor that It's drill baby drill, not dig baby dig.
Hopefully the AI craze leads to nuclear development. That would be good whether AI turns out to be a big deal or not.
Lewis
27-01-2025, 07:04 PM
The more I read into Trump II the more he becomes a very distinct thing from Trump I, indeed hardly anything to do with Trump at all and more of a front for tech gangsters.
That Marc Andreessen tweet about the price of everything falling to zero was a bit of a tell.
That bloke's head is revolting. How could you concentrate on anything he was telling you?
Boydy
27-01-2025, 07:57 PM
Has anyone yet worked out where the energy for all this processing power is coming from?
Amazon were advertising a while ago for nuclear engineers so they're probably planning on building their own power plants.
Nvidia down 16%.
If by the end of the week or has gone down more, I'll buy.
Jimmy Floyd
27-01-2025, 08:23 PM
Amazon were advertising a while ago for nuclear engineers so they're probably planning on building their own power plants.
Right. Going to say candles are a buy.
phonics
27-01-2025, 08:50 PM
Has anyone yet worked out where the energy for all this processing power is coming from?
Also China.
1883056511620120653
Americas hegemony ending in less than 70 years. Incredible stuff. Praise Xi.
Raoul Duke
28-01-2025, 06:05 PM
From the guys that brought you Covid: here's an insanely powerful nuclear reactor
niko_cee
28-01-2025, 06:09 PM
Good to know that the next lab leak will collapse the planet into an interdimensional rift.
Shindig
28-01-2025, 06:10 PM
Have China ever had a nuclear meltdown?
Buy the dip on nvidia went well.
It'll definitely bounce up.
I was being serious, I had a bought a load under $121 so cashed out a bunch today.
Back at $128 and hopefully a continued rally tomorrow. Sell off over blown.
John Arne
29-01-2025, 06:00 AM
I may buy the board when I'm a Dogecoin millionaire :) Can't wait. Feel free to let me know your instabans, and I'll take note.
Snap rocketed from 11.7 to 13odd after the bell on earnings (so I sold) and then has dropped all the way back to 12 and now hovering around 12.3.
Tech stocks are just brutally volatile.
Novo results tomorrow so I’m back in a little at $82.6. Debated Disney but think I’ll hold out.
Thankfully I took Vodafone profit before today’s Plummet. Might buy some tomorrow.
Still crying that palantir broke $100. 24% rise after earnings, from a near all time high. I am an idiot not keeping some of that long term.
Ten point fucking 7. Wot.
Tonight’s earnings gambles:
Roblox
Under armour
Tonight’s fear of already held shitstock: Ford
Ford plunges five percent and it turns out Roblox and under armour don’t report until tomorrow.
Investing genius :cool:
This should really go in the gambling thread mate.
You are not wrong. Lucrative, though.
niko_cee
06-02-2025, 04:45 PM
IAG's been on fire this year
Ten point fucking 7. Wot.
Tonight’s earnings gambles:
Roblox
Under armour
Tonight’s fear of already held shitstock: Ford
This was 0/3. Complete shit all across the board. Thankfully I banged out of under armour for profit before the results even came in. Roblox I’m just throwing money at to average I think. Ford I’ve just got way too much of but fuck it. Blissful ignorance.
Made an absolute fortune last week and today though.
Retired by 40. :yn:
Foe punts of January:
Crocs
Vodafone
Snap
Hollywood bowl
Warpaint
Jd sports :(
Crocs :wub:
The market doesn’t know what the fuck to do best with trump, and I LOVE IT.
Back in novo again because surprise surprise, it’s back under $80 again.
IAG's been on fire this year
This and rolls Royce mock me daily. Bastards.
phonics
13-02-2025, 10:30 PM
Trumps been annoying with my portfolio. There will be a massively unearned boost thats immediately negated by some tariff announcement. My graph looks like a fucking Heart Monitor.
niko_cee
13-02-2025, 10:34 PM
This and rolls Royce mock me daily. Bastards.
It's Tesla for me.
Wanted to buy it years and years ago but for some reason didn't and then it went berserk, and then they did the stock split, and then it went berserk.
Obviously that and bitcoin although I never really felt there was a trusted way into that. I remember talking about it with a friend when it was $300 and neither of us had the stomach for it. He had quite a lot and used it to buy drugs. :face:
Lofty
06-03-2025, 10:14 AM
Looks like AMD have turned the tables on Nvidia with their latest release, could he interesting.
Well this last few weeks have been fun.
Where’s the bottom?
Shindig
10-03-2025, 06:50 PM
Those 50 series cards appear to have been completely buggered.
Jimmy Floyd
10-03-2025, 06:57 PM
There are about 5 men aged 25-40 in my office who all do lots of investments / whatever on apps. I spend the whole time telling them to put it all on the 3.30 at Kempton, which they find infuriatingly annoying, probably rightly, but I find all this stuff laughable.
Anyway, one of them, my boss in fact, spent the whole autumn and winter telling us all to put everything on the S&P 500 as the US economy is unbreakable. I haven't sent him any Cheltenham tips yet but it's tempting.
Putting everything on the SP500 is solid advice. The key is to put it there and then leave it there.
Constantly buying and selling stuff is just a potentially ruinous hobby, like all gambling.
Spikey M
10-03-2025, 07:28 PM
I can only assume Jimmy's pension is gambled at Cheltenham by his fund manager, rather than being invested in the stock market.
Jimmy Floyd
10-03-2025, 07:32 PM
If they're checking an app every day, they might as well be checking BetVictor instead. I have money in index trackers and whatever and I barely even read the letter that comes once a year telling me how much it now is.
niko_cee
27-03-2025, 05:34 PM
Who was it that said about investing in barrels of scotch (https://www.bbc.co.uk/news/articles/cx2r7enl3d1o)?
niko_cee
27-03-2025, 05:40 PM
Think he was more into the James Bond bottles or something, I'm leaning towards Kiko.
I had entirely forgotten about my James Bond whisky failed raffle bid.
I invest in zero whisky. I’m all in on speculative stocks, and let me tell you - this month has been unpleasant.
Nowhere to hide.
My newest oh shit is super micro computer. Welcome to the club, brother.
Think he was more into the James Bond bottles or something, I'm leaning towards Kiko.
I said invest in wine not whisky.
Spikey M
28-03-2025, 05:49 AM
*4D Pharmaceuticals
Yevrah
28-03-2025, 08:11 PM
As cons go, I quite like that Whiskey one (must be an infinitesimally small number of people that have invested in Whiskey that have ever seen their investment in the cask and for everyone else you can just show them the same picture and just lie about the returns) - had he cut and run sooner he'd have probably got away with it.
Whole lot of red, and tomorrow could be atrocious too.
Be interesting to see the stock divergence as the tariffs start to vary with some countries begging for help and others playing the game.
America has fucked itself a bit with Canada irrespective of the tariffs. They are not happy about his comments.
niko_cee
06-04-2025, 08:38 PM
America has fucked itself with everyone. There's a certain amount of unavoidability, but things like Californian wine are never going to be bought again by a large slice of their previous customer base.
Shindig
06-04-2025, 08:41 PM
Make America Great Depression Again.
Yevrah
06-04-2025, 09:08 PM
America has fucked itself with everyone. There's a certain amount of unavoidability, but things like Californian wine are never going to be bought again by a large slice of their previous customer base.
People are fickle as fuck. As with all of the "globalisation is over" during the politicians Sunday morning rounds today, people will get over it and the tariffs will all be gone within three years away, even less if this leads to the Armageddon it looks like bringing about.
niko_cee
06-04-2025, 09:19 PM
The anti sentiment will remain in some form though, even if everything suddenly goes back to normal.
Like how they are somehow surprised that nations are more wary of buying their military hardware when President Dipshit says maybe they'll sell some downgraded version of that new plane to their 'allies'.
They're just actual idiots. Eventually the cult's beliefs have to face the reckoning of contact with reality.
Asian markets have opened to a BLOODBATH.
Lofty
07-04-2025, 06:46 AM
RIP Asian Santa
Spikey M
07-04-2025, 06:51 AM
Much of Asia had Bank Holidays on Friday, so they're just a bit delayed. I don't think they've been any more of a blood bath than the Sepo's were last week.
Which is a shame. A Trump triggered global stock market crash would be very funny.
I think we're probably into blind panic territory now with the markets and there'll be some kind of rebound soon. BUY THE DIP.
Dark Soldier
07-04-2025, 07:29 AM
Nah, ya fucked.
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