Trading the stockmarket (NO Referrals)

Yucca said:
Iv been watching Spotify recently. Was intending to wait for next quaters results to see how lockdown has affected them. Buy WOW look at the week they have had.

As usual, now I feel like iv missed the boat!
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Yeah, i think so, there was a beautiful accumulation phase for the last year or so between $110 and $150. I accumulated a shed load at $110 to $125. Leave it alone for 6 months. If you can pick some up for $160 to $170, do so, otherwise leave it alone and find another opportunity, there is a lot out there, its just finding them.

Nokia and Conduent might be worth a look.
 
Trusty said:
Yeah, i think so, there was a beautiful accumulation phase for the last year or so between $110 and $150. I accumulated a shed load at $110 to $125. Leave it alone for 6 months. If you can pick some up for $160 to $170, do so, otherwise leave it alone and find another opportunity, there is a lot out there, its just finding them.

Nokia and Conduent might be worth a look.
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I cant see any reason why it would drop so much anytime soon. Having read their latest reports from end of Q1 they are kicking ass. And podcast popularity is only going one way. Plus the intigration of Spotify into sky box, cars, firestick etc. Family packages etc are doing well too.

I expect their next Q results to be good.

I dont know anyone who has cancelled their Spotify membership during lockdown! In fact I am using mine more than ever!
 
RockLobster said:
Hi hoping someone can advise me. My father passed away in May. He had shares in Shell and National Grid. Worth around £20k. They are held with a company called Investec. They have told me once probate is granted I can sell them or keep them. I’m not interested in selling. Can I transfer them into a stock and shares ISA? And do I have to use this company.
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Sorry to hear about your dad. Condolences.

Normally the Executor simply has to write to the companies' registrars with copies of the probate documents and get them transferred In accordance with the will.

It depends on who are the beneficiaries of the will and whether they need to be sold to realise assets for either beneficiaries or estate duty. They should be valued as at date of death and added to any other assets (including property) of the deceased in order to ascertain probate value. Then divided up depending on his will
 
SkScotchegg said:
Thanks for your replies guys.

Well I'm enjoying investing so far. I've bought two shares in Tesla @ $829 and a few other stocks. I've got over 20 companies on my portfolio now and I've made over £700 in profit so far so I'm happy with the way things are going.

They say all first time investors make mistakes. I wish I'd known about the ISA before but oh well.

I'll start buying all my stocks under the ISA tab from now on so I don't have to pay tax. I already invested £1800 in the past 4 months but that's my portfolio done now. My plan is to leave it to grow over next 5-10 years. I'm very happy I'm on the Tesla train as it's set to make me as much as 60k within next 10 years.

I just wish I'd bought Tesla from the ISA account instead of the investing account so I wouldn't have to pay tax.

I found a good YouTube video which explains tax in the UK. It says I will have to pay 7.5% over 12k so if I do make 40-60k on Tesla do you think that's all I will have to pay? Just 7.5%?
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20 shares across a £1800 portfolio with 50% or more of that being Tesla.....Not very well spread/diversified.

Honestly - as other have said - you need to do some proper research and understanding before throwing money at something you have literally no idea about.

I would strongly suggest getting the notion of 40-60k profit out of your head immediately - Your not going to make that sort of profit owning 2 shares in Tesla......

Understand the basics of investing/tax before throwing money at it. Using your ISA is the most basic tax planning instrument around and you've failed to do that....
 
SkScotchegg said:
Thanks for your replies guys.

Well I'm enjoying investing so far. I've bought two shares in Tesla @ $829 and a few other stocks. I've got over 20 companies on my portfolio now and I've made over £700 in profit so far so I'm happy with the way things are going.

They say all first time investors make mistakes. I wish I'd known about the ISA before but oh well.

I'll start buying all my stocks under the ISA tab from now on so I don't have to pay tax. I already invested £1800 in the past 4 months but that's my portfolio done now. My plan is to leave it to grow over next 5-10 years. I'm very happy I'm on the Tesla train as it's set to make me as much as 60k within next 10 years.

I just wish I'd bought Tesla from the ISA account instead of the investing account so I wouldn't have to pay tax.

I found a good YouTube video which explains tax in the UK. It says I will have to pay 7.5% over 12k so if I do make 40-60k on Tesla do you think that's all I will have to pay? Just 7.5%?
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Your posts smack of someone who really doesn't know even the basics about what they're doing.

If you did, and you really believed that your short term decision to buy outside an ISA wrapper was going to cause you problems 5-10 years down the line then you'd simply reinvest via an ISA wrapper.

These must be troll posts, or placed posts by some of the more shady online brokers. People can't be this naive, can they?
 
TSLA, I believe, will be regarded as a pivotal company in the development of many advanced technologies. It has - and will - change(d) the world. That does not make it a good investment.

Musk is reckless. I'd not give him or his endeavours a single solitary penny as an investor, but sincerely wish him well. He may well change the world, but whether he makes you rich is a different question.

The idea of making 40-60k on an investment of 1.8k is quite quite absurd. Even if it were possible, I'd bet the farm that you'd bail waaaaaay before that point. Are you really going to look at, say, 100% profit and then just let it continue to ride up to 60k? Not a chance!
 
But I don't understand all the replies or the harsh responses you guys are giving me.

I honestly don't.

Is this how you speak to people in your every day life? How you speak to your friends and work colleagues?

I posted on this thread for advice about TAX and then I mentioned my portfolio. I came into this thread thinking to myself "I bet there's some experts in here with lots of knowledge" and "surely they will find my questions on tax easy to answer".

And instead of a response like this:

Yeah sure mate, this is how tax works, you can deposit 2k per year and you don't get taxed on your ISA. But with a normal investing account you have to pay 7.5% in capital gains at the time you click sell.

Instead of a normal response like that I just get arrogance. People basically saying, you've done everything wrong, sell everything, delete your account, go read 20 books on and investing for 10 years, never come back. lol

Seriously it's taken me by surprise. I could go back over the last 3 pages and quote every single person's response (apart from maybe 2 people) to what I mean or you can read all the responses yourself. But they're all rather negative.

So what is the point of the existence of these people posting in this thread? If not to help and answer questions or share knowledge.

One guy above even wrote I made £0 even though my Trading 212 says I made over £700. I don't understand this crazyness.

It's like if someone said to me...mate I just bought a PS4 and I'm wondering which games to buy...and I responded with, you've made a terrible mistake, you should spend 5 years of your life researching before buying a console mate. I think you should go return it, get a full refund and then speak to a financial advisor.

Or if someone bought a house and asked me if they should add an extension and I said, mate, you've made a big mistake, I think you should sell the house, go live in a tent and read a book on the economics of society and perhaps save up for another 10 years, read some more books, and then come back.

Like who talks this way?

Why can't you guys answer simple questions?
Why not talk to people with respect?
And if you know everything, why not answer the damn questions? lol
Why be arrogant and rude?
Why not just explain how tax works on an investment account?

Unless I have miss interpreted the nature of what a forum is? I thought a forum is where you could ask questions? Or is that reddit? maybe I'm wrong.

So I'll finish with this, is there anyone left in this thread who like's to talk stocks and answer some basic questions along the way?
 
Yucca said:
What are your thoughts on Anglo American vs CAML? Both in same sector... Do you hold both?
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Do you mean Anglo American (the ftse100 beast) or Anglo Asian (the AIM minnow)?

If the former, they can get stuffed due to the SXX situation. If the latter, while they are in the same sector, my reason for holding both is: I believe gold will over perform over the next period of time, and copper/zinc/lead is poised to march upwards when things return to normal.

I only go for FTSE100 companies when I think they are mispriced, so don't know much about AAL!
 
Skeptic said:
TSLA, I believe, will be regarded as a pivotal company in the development of many advanced technologies. It has - and will - change(d) the world. That does not make it a good investment.

Musk is reckless. I'd not give him or his endeavours a single solitary penny as an investor, but sincerely wish him well. He may well change the world, but whether he makes you rich is a different question.

The idea of making 40-60k on an investment of 1.8k is quite quite absurd. Even if it were possible, I'd bet the farm that you'd bail waaaaaay before that point. Are you really going to look at, say, 100% profit and then just let it continue to ride up to 60k? Not a chance!
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Well we'll see. I guess because I'm new to investing I think differently to you old school investors.

Because for me, my thought process works like this...If he hits every milestones along the way like on the Ark Investment report. (Which is quite detailed by the way if anyone wants to read it). Then Once the stock hits 5k or 10k I'm not going to sell because the proof is already there. I will be thinking to myself, I knew he could do it! Fantastic. Now on to 20k +. That will be my mentality. Because I really don't need the money for anything, so why not let it grow?

Plus all the top investors that I watch, read and listen to all say you never get rich by selling. And the stock market throughout history always moves up overtime. So I've set myself a goal of 10 years. If something happens and I need the money in 5 well that's why I'm glad I have 2 shares because you can always sell one share and then keep the other one to grow. So that's my plan anyways.
 
SkScotchegg said:
But I don't understand all the replies or the harsh responses you guys are giving me.

I honestly don't.

...And a lot of other stuff...
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It is because:

- there are some real, absolute basics that you've missed (such as the ISA) which are widely publicised enough that anyone, literally anyone, would at least consider investigating them in more detail before investing £1,800 over the past few months
- your understanding of the specific investments that you've mentioned is, at best, naive
- your first reaction to people questioning your behaviour is to lash out and confront rather then self-analyse, consider your decisions and want to learn more

Not worth wasting any more time on tbh, it is the weekend. Good luck. Luck is what you'll need, after all.
 
SkScotchegg said:
Well we'll see. I guess because I'm new to investing I think differently to you old school investors.

Because for me, my thought process works like this...If he hits every milestones along the way like on the Ark Investment report. (Which is quite detailed by the way if anyone wants to read it). Then Once the stock hits 5k or 10k I'm not going to sell because the proof is already there. I will be thinking to myself, I knew he could do it! Fantastic. Now on to 20k +. That will be my mentality. Because I really don't need the money for anything, so why not let it grow?

Plus all the top investors that I watch, read and listen to all say you never get rich by selling. And the stock market throughout history always moves up overtime. So I've set myself a goal of 10 years. If something happens and I need the money in 5 well that's why I'm glad I have 2 shares because you can always sell one share and then keep the other one to grow. So that's my plan anyways.
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I agree that some of the posts towards you have been poorly phrased, but my opinion is you'd be well advised to consider some of the points raised.

So: question for you. How many shares are in issue at TSLA? Let's say, for arguments sake, it hits 10k per share, how much is the co valued at?

No of shares * share price.
 
Skeptic said:
I agree that some of the posts towards you have been poorly phrased, but my opinion is you'd be well advised to consider some of the points raised.

So: question for you. How many shares are in issue at TSLA? Let's say, for arguments sake, it hits 10k per share, how much is the co valued at?

No of shares * share price.
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I am going to invest only on the ISA account from now on. And yeah maybe I should have posted on this forum 4 months ago before I started investing but it's too late now.

And honestly, I am happy very happy with my portfolio and the prices I got for each company. All the EV companies are doing well on my portfolio. I even had Nikola when it was vetolIQ before the merger at $20 and I made good money on them and then sold and put that money into Tesla.

I got NIO @ $2. I bought all american casinos like DraftKings and Eldardo Resorts, Ceasers, sold and made over £200 on them and put that into Tesla.

At one point in time up until about 2 weeks ago I only owned 1.3 shares in Tesla but then after selling those other stocks I got my Tesla up to 2 shares which was my target.

So far everything seems to have gone well.

So I'm going to leave this portfolio as is but start a 2nd portfolio on the ISA account and invest 2k per year on there.

BTW though, earlier in this thread if I remember right I think some guy said to me I can invest 20k...if I read this right. But when I setup my ISA account on trading 212 it said I can only deposit 2k per year. As if it was telling me this is my limit. Is this correct?

Oh and to answer your question, I've no idea mate. Are you saying that as in, perhaps in the future Tesla could dilute the shares? If that's the case, I don't know. I'm not going to worry about it though.

In the short term i'm predicting Tesla to get to $1500 in the next 2-4 months.
 
People are just getting a little frustrated with you for falling in to some of the most fundamental - and difficult - aspects of investing.

- bias towards the bull case, and minimising the bear (i.e. only seeing the 'good');
- believing the hype of an individual is related to the success of a company and its shareholders;
- unanticipated black swan events (never try and predict what trump will do, for example);
- believing that you will let shares ride to their eventual high point. People say things like "if I'd invested in Apple I'd be a millionaire" - true, if you didn't sell early, or cave in on the dips, or that life didn't throw you a problem which made you need to sell your shares etc etc. This is a cognitive bias and you need to be aware of it to be successful in this game, and;
- falling in love with a share. We have all done it, and some will have been successful, but you need to take a dispassionate look at the company if you really want to make some serious money.

You may well be correct with tsla, but I'd politely suggest that this is a significant risk and that you might need to keep the chance that you'll lose it all as a real possibility.
 
SkScotchegg said:
I am going to invest only on the ISA account from now on. And yeah maybe I should have posted on this forum 4 months ago before I started investing but it's too late now.

And honestly, I am happy very happy with my portfolio and the prices I got for each company. All the EV companies are doing well on my portfolio. I even had Nikola when it was vetolIQ before the merger at $20 and I made good money on them and then sold and put that money into Tesla.

I got NIO @ $2. I bought all american casinos like DraftKings and Eldardo Resorts, Ceasers, sold and made over £200 on them and put that into Tesla.

At one point in time up until about 2 weeks ago I only owned 1.3 shares in Tesla but then after selling those other stocks I got my Tesla up to 2 shares which was my target.

So far everything seems to have gone well.

So I'm going to leave this portfolio as is but start a 2nd portfolio on the ISA account and invest 2k per year on there.

BTW though, earlier in this thread if I remember right I think some guy said to me I can invest 20k...if I read this right. But when I setup my ISA account on trading 212 it said I can only deposit 2k per year. As if it was telling me this is my limit. Is this correct?

Oh and to answer your question, I've no idea mate. Are you saying that as in, perhaps in the future Tesla could dilute the shares? If that's the case, I don't know. I'm not going to worry about it though.

In the short term i'm predicting Tesla to get to $1500 in the next 2-4 months.
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Yeah you can put 20k a year into a stocks and shares ISA. If you trade within this you'll not pay any tax! Worthwhile doing if your portfolio grows, it won't take you long to start paying tax on your gains outside the ISA!

The point I'm making about the shares in issue is: I don't know how many shares are in issue at TSLA, but I'd imagine it's a lot. At 10k per share it might make it both the most valuable company in the world today, and indeed in the history of the world. Just wonder if your belief in the co is that strong!
 
Skeptic said:
People are just getting a little frustrated with you for falling in to some of the most fundamental - and difficult - aspects of investing.

- bias towards the bull case, and minimising the bear (i.e. only seeing the 'good');
- believing the hype of an individual is related to the success of a company and its shareholders;
- unanticipated black swan events (never try and predict what trump will do, for example);
- believing that you will let shares ride to their eventual high point. People say things like "if I'd invested in Apple I'd be a millionaire" - true, if you didn't sell early, or cave in on the dips, or that life didn't throw you a problem which made you need to sell your shares etc etc. This is a cognitive bias and you need to be aware of it to be successful in this game, and;
- falling in love with a share. We have all done it, and some will have been successful, but you need to take a dispassionate look at the company if you really want to make some serious money.

You may well be correct with tsla, but I'd politely suggest that this is a significant risk and that you might need to keep the chance that you'll lose it all as a real possibility.
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I do honestly get what your saying about Risk. But that's why I'm stopping with what I've invested now. I'm not going to put 10k into Tesla. 2 shares was always my limit.

Regarding the hype of an individual though. You have to admit. Who doesn't love Elon? That's why people refer to him as real life Tony Stark/Iron Man.

And I believe in the mission too. A cleaner world, let's get to mars! Let's all drive EV's and self driving cars. Lets have less pollution! He said in an interview one time, his goal wasn't to earn money, it was to change the world. He wants to accomplish that before he dies. And I believe he already has and he'll do so much more in his hopefully long life! I hope he lives until over 100!

There's very few CEO's in the world that are this great and have the people behind them.

I also like Dr Lisa Su at AMD. I've invested in her and AMD too because I believe she saved the company from bankruptcy and I see AMD going over $300 - $500 per share in 5 years. She's a great CEO but doesn't have the kind of stature that Elon does.
 
Skeptic said:
Yeah you can put 20k a year into a stocks and shares ISA. If you trade within this you'll not pay any tax! Worthwhile doing if your portfolio grows, it won't take you long to start paying tax on your gains outside the ISA!

The point I'm making about the shares in issue is: I don't know how many shares are in issue at TSLA, but I'd imagine it's a lot. At 10k per share it might make it both the most valuable company in the world today, and indeed in the history of the world. Just wonder if your belief in the co is that strong!
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Believe me, it is. I expect Elon, not the company but Elon to become the first trillionaire in history. And one day I'm predicting Tesla to be bigger then google, microsoft, amazon, apple, all other car manufacturers and all oil companies. That's where I'm seeing Tesla going.

I think all other companies are stuck in their old ways. Oil companies and car manufactures especially thinking it's still 1950's. I think those times are dead and the time for ICE is also dead.
 
SkScotchegg said:
Believe me, it is. I expect Elon, not the company but Elon to become the first trillionaire in history. And one day I'm predicting Tesla to be bigger then google, microsoft, amazon, apple, all other car manufacturers and all oil companies. That's where I'm seeing Tesla going.

I think all other companies are stuck in their old ways. Oil companies and car manufactures especially thinking it's still 1950's. I think those times are dead and the time for ICE is also dead.
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Philosophically I agree with you, but I'd just please urge you to consider the bear case here if you haven't done so (and for future investment too). Not everyone is a fan of the man, or an EV future. Don't underestimate the power of the old school behemoths - BP et Al will not give up without a dirty fight.
 
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