Trading the stockmarket (NO Referrals)

Diddums said:
You underestimate the stupidity of people, this is gonna be a rough week I reckon.
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I don't, unfortunately I expect some reaction. Wouldn't surprise me at all if some idiots trying to force other bank runs for the lols.
At least this one was contained quickly.
 
Obviously I didn't mean if I lose my money through bad decisions government will get HSBC to bail me out for a pound.

I meant if the provider goes bust.
I do understand that stocks are held separately. So it shouldn't happen. But who knows what really goes on. For all I know, it's just numbers on the screen and t212 have put it all on red! :D


Part of me was hoping this wouldn't be resolved today and could pick up some USA tech bargains!
 
413x said:
Obviously I didn't mean if I lose my money through bad decisions government will get HSBC to bail me out for a pound.

I meant if the provider goes bust.
I do understand that stocks are held separately. So it shouldn't happen. But who knows what really goes on. For all I know, it's just numbers on the screen and t212 have put it all on red! :D


Part of me was hoping this wouldn't be resolved today and could pick up some USA tech bargains!
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Cannot assume anything as everyone seems to think they protect more than the cash, but yet dont say anything.

You wrote ISA before, never saying what ISA it is, cash or shares, i cannot assume you have a S&S ISA, because that would mean you will make 2 of them, if you go over 85k, and hold shares.

That is then redundant, the firm goes bust but, so long as you dont have over 85k in cash sitting in your account, you are fine, your value is in the shares
200sols said:
No, you're wrong.
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How am i wrong, lets say i have 1000 shares of microsoft, and 10k in cash, firm goes bust, what is protected?

What difference is it, if i have 2 ISA's with 2 Different companies, and have 500 shares of microsoft each and 5k in cash each?
 
platinum87 said:
How am i wrong, lets say i have 1000 shares of microsoft, and 10k in cash, firm goes bust, what is protected?

What difference is it, if i have 2 ISA's with 2 Different companies, and have 500 shares of microsoft each and 5k in cash each?
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In your scenario everything should be protected, the shares should be held separately and ringfenced but in the unlikely event of a shortfall of the assets (e.g the insolvency practitioner can use assets and client money to cover administration costs) FSCS could provide protection, even the FSCS website doesn't flatly claim it only covers cash deposits like you say.
 
Was surprised I have to say that there was a chunky bit of red across the board.

Was expecting less with the buy out here and support in the USA
 
smokedog said:
Markets don't seem to like the HSBC buyout, due to some uncertainty of the assets SVB held.
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US futures and premarket aren't moving a whole lot though.

This is one of those situation where it's either a complete disaster and meltdown, or an absolute nothing sandwich.

Seems like a nothing sandwich to me, bank run caused by panicking whatsappers. Not like wholesale fraud back in 2008 when everyone was terrified of of who was holding these laundered securities.
 
I try to be more 'glass half full' these days, so if anyone has the funds I'd see this as a great buying opportunity.
 
Bond market moves are pretty extreme anyway compared to equities, people think this means lower fed terminal rate or even no hike at all in March.
 
Uther said:
I try to be more 'glass half full' these days, so if anyone has the funds I'd see this as a great buying opportunity.
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I'm at a point where I can put away quite a bit each month over the next few years so not really fussed about short term moves. Works for me really.

Premarket has turned very red, so looks like a rollercoaster week ahead.
 
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