Trading the stockmarket (NO Referrals)

Gman said:
Anyone on here with Trading 2 1 2 accounts. Do you have more than the 85k coverage allowance in there? just trying to judge how reliable they are :)
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When I was with svs, they were closed down. Administrators came in it took about 4 years, they had to transfer my shares to new broker which I quickly changed. I had my money transferred but still waiting on compensation. Your money should be protected if it is in a pension. I was pretty annoyed because I missed COVID trading. I lucky had another sipp account, I have now decided to get different sipp accounts from none related companies and I now decided to have many sipp accounts.
 
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booyaka said:
Trading 212 holds client assets in segregated accounts with a custodian, separate from its own assets, ensuring that client assets are easily identifiable and protected even in the event of Trading 212's insolvency.

So whilst the 85k FSCS protection is in place - the potential "loss" is almost not worth talking about.
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Assets are covered it seems but think the 85k protection is more for cash held there.

In ISA it is protected to 85k (held in banks 4.5%)in trading account it is held with QMMF at 4.6% and technically not covered by FSCS.

Risk of QMMF going under small but still there
 
Gman said:
Anyone on here with Trading 2 1 2 accounts. Do you have more than the 85k coverage allowance in there? just trying to judge how reliable they are :)
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Also depends if you hold the liquid cash in a S+S ISA or a cash ISA
In the S+S ISA, the vast majority is in a QMMF, these are NOT FSCS protected
In the cash ISA (IIRC) the funds are split between a few banks (Barclays and JP morgan comes to mind, and a few others I cannot remember), so your cash is FSCS protected but only up to £85k per bank, which is relevant if you hold any other accounts with these banks
 
yeah cash savings, including cash ISA, are pretty safe..the 85K thing is almost an emergency last resort, and it doesn't even matter that much....

It's different if you are invested in stocks, as if the stock go up you win and if they go down you lose.

This video is very helpfull:

 
DJMK4 said:
What do I invest in?? I don't want to miss out on something
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Right now? NOTHING!

Hold your cash in the best normal savings account you can find, or a cash ISA, or use the cash to pay off any expensive debt you might have, for example: credit card/car finance/mortgage overpayment.

Come back in a week. Maybe 2 weeks.
 
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mattyfez said:
Right now? NOTHING!

Hold your cash in the best normal savings account you can find, or a cash ISA, or use the cash to pay off any expensive debt you might have, for example: credit card/car finance/mortgage overpayment.

Come back in a week. Maybe 2 weeks.
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Everything on a downturn though isn't this the best time to buy or am I missing something ?
 
DJMK4 said:
Everything on a downturn though isn't this the best time to buy or am I missing something ?
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No, you're not. There are minimal gains to be made at the moment. And who knows how long this volatility is going to go on for ; I think the worst is yet to come. Personally, if this whole thing hasn't blown over in a month I'm moving all my funds into a Cash ISA ( most fixed rate ISA's are above 4% at the moment ).
 
smokedog said:
Weak response from EU
www.reuters.com

EU Commission proposes 25% counter-tariffs on some US imports, document shows

The European Commission proposed counter-tariffs of 25% on a range of U.S. goods on Monday in response to President Donald Trump's tariffs on steel and aluminium, a document seen by Reuters showed.
www.reuters.com www.reuters.com
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Tbf, that's the response to the steel and aluminium tariffs previously announced, not for the general 20% "reciprocal tariff", the response to that is coming at a later date.
 
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DJMK4 said:
Everything on a downturn though isn't this the best time to buy or am I missing something ?
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No because we have not hit the bottom yet, by a fair bit, by my reckoning...

My logic being that the EU have not locked in retaliatory measures yet... and trump has yet to respond to things that have not happened yet - I don't think he can see further than the end of his own golf club, TBH.

But he is busy threatening China with an extra 50% tarriff on all US imports...in retaliation for China matching his inital 35% tarrifs or what ever the number is....

It's just bloody insane really... but it is what it is.
 
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