My next car might be an EV. Market moves so quickly and EVs are so expensive it also might not. Its difficult when you don't commute to justify an EV.
Which one would I go for? Probably a big cheap one!
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My next car might be an EV. Market moves so quickly and EVs are so expensive it also might not. Its difficult when you don't commute to justify an EV.
Which one would I go for? Probably a big cheap one!
Most people buying a car couldn't care less about the CEO of the company, or even know who it is.
Ask any person on the street who the CEO of VW, BMW, Ford, Merc, Toyota, Fiat etc.... and I'm betting 99.99% wouldn't have a clue who it was.
Tesla are making moves - they have built factories in countries which are traditionally hard to do business in, they have a growing charging infrastructure, they are delivering more EV's cars than anyone else, they are making 3-4bn profit each quarter (most EV companies are loosing money (£bn's)) and this is growing, they have new models coming and they develop their own tech which can be used by other car makers.
You know, there might be a reason why these people aren't household names.....
Tesla is a successful company and will continue to be, no one is arguing that it isn't. But it is already valued as one of the most successful businesses of all time. What's it going to do? Exceed that? I look at upside vs downside and on balance, given my very high risk appetite for my ISA funds, I'm buying the smaller companies with sensible valuations that have more room to grow.
Maybe because the CEOs of those companies are not egomaniacs and constantly pushing themselves into the limelight? I couldn't name any of them but I can name Musk as can many other people.
Valuation matters again now the free money is gone and some investors are struggling to realise that after a 12 year bull run. Many have already taken a harsh dose of reality.
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Associate
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Can you suggest a good broker to trade options in the UK? I am with IG.com and their oprions trading is very basic
Ideally I want to be able to trade option spreads.
thanks in advance
Ideally I want to be able to trade option spreads.
thanks in advance
I'm green last 2 months.I'd forgotten what green looks like
Got my popcorn ready for the January bounce to implode though
But yes. Cautious. We are far far from out of the woods. I don't think impact of rates spike has been felt in numbers yet.
Even if your struggling with mortgage and loans it's probably not reported yet. You probably still have house/car. Even if you know you won't in next 12 months
2023 is going to be... Interesting.
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Soldato
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This is not a personal recommendation, I haven't used them, but a big company I've heard of is cmcmarkets.com and they might be worth a look.
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My personal pinch point comes in 2026, when my mortgage fix ends. I'm hoping the markets and interest rates have smoothed over by that time and I'm probably not in the minority either.
Large fixed interest rate periods are relatively recent (1 or 2 year fixes were more common with the 2007 recession), so time will tell if those who are on fixes expiring this year will have an impact or not.
I expect a long and drawn out economy car crash though, rather than a short sharp shock.
Soldato
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5 to 10% long term rates I think is where we revert to because the amount of debt ongoing is not reducing. They raised rates but the counter to QE, QT is not occurring in enough volume. If theres an excess amount of currency long term I guess that means higher rates do occur eventually. Near term I hope they go down first to enable a better fix rate etc.
Might be markets are jumping the gun to rise this fast before news, hoping CPI drops etc.
Might be markets are jumping the gun to rise this fast before news, hoping CPI drops etc.
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I'm green in both persimmon and easyjet.
Seems ridiculous.
I expected airlines to bounce. Why I'm in. But not now.
Still expecting a bad year for house builders. But up 15 percent on persimmon overall
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Lucid popping off again, it's become my biggest holding today, I think the Saudi backing is allaying any cash flow fears.
Quite like the EV play still although there's a general economic downturn, the transition to EV will continue apace, plenty of growth.
Quite like the EV play still although there's a general economic downturn, the transition to EV will continue apace, plenty of growth.
Yeah I don't think right now is an opportunity. Not saying it won't go up. But doesn't seem a glaring chance (in general)
I'm fairly heavily in now but this mini bounce has curbed me putting anymore in. (although I haven't much left in cash)