Trading the stockmarket (NO Referrals)

Basher said:
Is there a suggestion to make CGT the same as your prevailing income tax rate? That would be quite a hike. Also - surely it would only be taxable on the gains, not the base investment?

I'd personally favour an increased tax on petrol, mainly because I don't have a petrol car :p
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How would it be disproportionately? Raise fuel tax, everyone pays a little. No one notices.

Raise CGT, hit those who have taken their money and invested but a (rumoured) 25% more tax.
 
200sols said:
Because fuel taxes hit the poorest hardest... I.e those with no money to invest.
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No money....but money to buy a car, insure it, they tax it, maintain it.

1p increase on a litre to fill a car that takes 50L = 50p on a 200-500 miles tank. That's not hitting hard. It's a tax that hits everyone regardless of income.
 
200sols said:
You understand you can own a car but not have money to invest?

That was literally my point, it hits the poorest hardest.
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I'm pointing out that even with the worst case scenario it wouldn't even be felt.

£800 Car
£600 PA insurance
£120 PA Motor Tax
£xxx PA to maintain and fix
£3000 PA fuel - (£57 a week on fuel)

5p increase in fuel duty = additional £120pa. Tank of fuel goes from £57 to £59.20

I'll make a new thread so that we can go at it rather than keep on in the shares thread
 
Got the email to say the Cellular Goods IPO was over subscribed.

I may have to try and switch my provider the shares settle too as Interactive Investor charges £10 a month to hold shares there. Seems pretty expensive, especially with only the one holding. Might switch over to HL.

Need to look at other options for my Brewdog holding.
 
Vanilla said:
That was on the table.
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PTR is a good incentive for me, without relief above the basic rate 20% tax it'd just encourage me to make use of my CGT via Fund & Share Accounts. Hopeful I can get a few more years out of it at least.

A brief bit of reading suggests raises to tax & cuts to relief may be announced but not implemented until a later budget, with the more immediate focus remaining on helping business and individuals.

We'll know soon enough...
 
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413x said:
It's hard but I'm bit same with btc. I had two btc way back. Sold out at about 7k now got about 7k.

It was used to buy a house. But yeah if I had held on longer I'd now have a better house.

In flip side. Might not have gotten it at all.


I don't think I should get in on it. But. It's very tempting!
Especially seeing my other holdings floundering
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I had 50btc on a harddrive from the very early days when I was interested in cryptography. I'm 100% certain I would have sold it when it hit £100 thinking it couldn't possibly get higher.
You made money and it worked out for you, easily could have gone the other way. Well done for selling it when you did and using it wisely.
 
DireEmblem said:
Anyone else think the US market trend over time is starting to look a bit parabolic?

The idea is starting to stick with me that its due a correction of say -10 to -15%.
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In my [completely unqualified] opinion a connection is definitely en route.
Making estimates of how much seems very much like trying to guess the market which I have learned to just not attempt.
 
Sharkhouse said:
In my [completely unqualified] opinion a connection is definitely en route.
Making estimates of how much seems very much like trying to guess the market which I have learned to just not attempt.
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People on here have been saying this for nearly a year. What leads you to believe a correction is coming given the fact that most countries are printing money hand over fist, and the use has completely given up on any attempts to control inflation (which is currently only in check due to covid). A third stimulus cheque (or check since it's American) is almost certain to be coming within the next fews of weeks.
 
englishpremier said:
People on here have been saying this for nearly a year. What leads you to believe a correction is coming given the fact that most countries are printing money hand over fist, and the use has completely given up on any attempts to control inflation (which is currently only in check due to covid). A third stimulus cheque (or check since it's American) is almost certain to be coming within the next fews of weeks.
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As far as I'm aware the money printer going brrr in the US was to inflate in an effort to flight deflation.
I think a correction is coming because of the pretty subjective flags i've seen.
-Huge increase in retail investors
-Long bull market
-over inflated companies e.g. TSLA
-China v India round 2 electric boogaloo
-Oil problems round 868 electric gate.

Again, subjective.
In all honesty it doesn't matter because I'm a dollar cost averaging investor into index funds. Up or down benefits me.
 
englishpremier said:
People on here have been saying this for nearly a year. What leads you to believe a correction is coming given the fact that most countries are printing money hand over fist, and the use has completely given up on any attempts to control inflation (which is currently only in check due to covid). A third stimulus cheque (or check since it's American) is almost certain to be coming within the next fews of weeks.
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We're in the same position we were in late 2019 when I said on this thread we were due a correction.

Markets are full of new retail money that's got used to easy gains. There'll be a trigger at some point soon that will spook all the retail money and turn into a sharp collapse with repeated circuit breakers as panic sets in.

I was thinking this was 2-3 years away, but all the publicity around the GME nonsense has made it more likely to happen sooner imo. Probably this year given how overheated the markets are atm.

Personally I have so much disposable income at the moment I don't lose either way, big fall? Buy! Continued gains? Win!

Wondering if that Pratt & Whitney exploding this weekend will give RR a bump...
 
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