Trading the stockmarket (NO Referrals)
- Thread starter mcast123
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Ah, I see what you mean. I guess it's just a psychological thing about locking in profit/loss.
Since I bought it, it has been yo-yoing around so my thinking is, sell on a peak and buy back on a dip and that way I get to swap for 'free' and also hopefully gain slightly more when it climbs again (as I originally bought on a peak).
There's probably some gamblers fallacy going on there but it makes sense in my head.
I already use Vanguard for my SIPP and I have a chunk of my S&S ISA in a LifeStrategy fund — this was an attempt to diversify a bit and not put all of my eggs in the Vanguard basket. Plus, the last time I checked, the UK LifeStrategy funds didn't have a huge weighting towards US stocks.
Ironically, since I bought the i-shares S&P500 tracker, my LifeStrategy fund has outperformed it significantly…
The divi yield on that ETF is like 1.5%. Obviously it depends how much you have and how long you are holding, but it could take quite a while for the reinvestment of dividends to earn you back your £30. £3k takes 5 years to earn it back (using some questionable assumptions of 6.5% total annual return of which 5% is price appreciation and 1.5% is dividend yield).
Soldato
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I'm still holding. In fact bought a few more today just to take up the change I had left in my account. It's up 30% since I first bought in. I'm sure there will be some pull back at some point especially with COVID vaccines coming out right left and centre, but the next quarter results (likely in Jan) are going to include Black Friday/Cyber Monday and the Christmas period all are big spending opportunities. Plus gaming is a growth industry. The rebrand from Components to Gaming has helped in that regard.
At $38 though I can understand the apprehension, it's a bit high, and I probably wouldn't through huge sums unless I found a nice dip.
I've given up pretending that I'm going to go balls deep into a single share. Apart from a minor amount of TSLA and AAPL, it's all in the indexes for me.
I absolutely dabble in single shares from time to time, but a couple of grand at most. Sometimes I get lucky and the share jumps by 20%. And then what did I make? 500 bucks?
Guess I'm just too conservative for this rollercoaster. Slow and steady will have to do
I absolutely dabble in single shares from time to time, but a couple of grand at most. Sometimes I get lucky and the share jumps by 20%. And then what did I make? 500 bucks?
Guess I'm just too conservative for this rollercoaster. Slow and steady will have to do
Soldato
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- 15 Feb 2003
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- 10,175
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- Europe
Same here (lower amounts though). Indexes move too slowly for me, and most funds are too conservative. My pension pot is different, but the play money, might as well have some fun. Sometimes it goes wrong. Was £3k on a short when I decided it was best to cut my losses. Other times it works out like shares I had in ARM and AMD a while back, and super short terms on things like Tesla, Boohoo, Cine, Rolls, Pluristem Therapeutics Inc etc..
Associate
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- 2 Feb 2020
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This year and its volatility seems like a unique time for this approach to be feasible though right? Could/did you roll with that in prior years?
Soldato
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- 5 Jul 2007
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- London
Similar here, managed to ride Saga up 60% this week. Why didn't I put in mooarrr!
Does anyone have a good site where I can find certains categories of investments? Say for example I wanted to see all the listed companies I could invest in in hospitality I could just filter?
I'm also after a green energy/climate fund, does anyone know of any decent ones? I'll research myself but there's no harm in getting some suggestions
I'm also after a green energy/climate fund, does anyone know of any decent ones? I'll research myself but there's no harm in getting some suggestions
I only started with real money 2 months ago and my outlook was different, i spread 200k over 20 companies,10k each but i just found it a hassle.
My current 4 are NIO, Amazon, Tesla and (only one letting me down currently, due to poor earnings) Beyond Burgers. Happy to sit on them all for another year and then will take 50% of whatever profit and use that profit to reinvest into a fancied up'n'comer.
Yeah i used some index/crypto etc in my practice account but found the slowness painful.
Odd question and one that I'm certain somebody on here would be able to answer. Trading 212 free share promotion. Are the free shares they give classed as "winnings" in that they are tax-free? Or should they be declared?
A friend asked me this and I just laughed and said don't even worry about it. To be clear, I'm not worried just curious now haha.
A friend asked me this and I just laughed and said don't even worry about it. To be clear, I'm not worried just curious now haha.
You’re right, but a) I wouldn’t really be looking to make the £30 back solely from the reinvested dividends and b) if I keep the Dist. fund, I’m just going to end up with that 1.5% as cash in my trading account and if I wanted to do anything with it (outside of an OEIC), it’s going to cost me another £10 to trade, so I might as well just do the swap.
Has anyone else looked at arcimoto? Managed to get onboard today at $12.80 and it just went mental from then on. A real surge in the last hour.
Their figures look really solid even though they have a fairly low market cap.
They have just announced development of a new roadster too. The EV hype ATM is insane!
Their figures look really solid even though they have a fairly low market cap.
They have just announced development of a new roadster too. The EV hype ATM is insane!