Trading the stockmarket (NO Referrals)

[Andreworex]

Congratulations, that's a good average. Wish I'd averaged down during the 70 odd dip, but that's the nature of it I suppose.

If you were seeing the stock for the first time today, would you still invest 30k in it?

I would, they are heading (fingers crossed) to investment grade and potentially a dividend in 2025, as a long hold until 2027 I do believe £30k would see growth, the percentage of return on that growth probably wouldn't be as great as it has been from the COVID drop until now but it will still grow, heck it could beat the growth to date, who knows! How they handle debt and cash generation will be key.

I'm actually discounting SMR, Rolls Royce PLC is only an investor in that group, its a separate legal entity to PLC so any returns from that business will take many years to actual have an effect on the RR Plc ticker but they have many other fingers in pies that will provide growth - unless world events cause flights to stale, especially long haul which is what they operate in but they make serious cash from defence spend.

 

[booyaka]

I'll see how their costs compare to HL, thanks.

I've got my SIPP and ISa with them. They are update/reducing their pricing from April this year I think....

D2C platform (AJ Bell)

Trading fees

The costs customers pay to buy and sell exchange traded investments (Shares, ETFs, Investment Trusts and Bonds) via the AJ Bell D2C platform are being reduced from £9.95 to £5.00 per trade. The dealing charges for frequent traders* will reduce from £4.95 to £3.50 per trade.

*Defined as a customer that places 10 or more trades in the preceding month.

 

[slinxy]

Was looking to transfer the shares I hold in my HL ISA to someone like T212 to save on the HL selling costs, but I see T212 only do cash transfers and not stock transfers.

Any other providers that I can do stock transfer to that would be much cheaper than HL?

T212 I don't beleive have this feature yet, I saw a post that it's coming this year. They normally adverst new features 2-3 months ahead of release.

 

[slinxy]

Vanguard will not have BitCoin ETFs on its platform.

Vanguard to ban all Bitcoin ETFs on its platform

Vanguard has restricted its customers from purchasing Bitcoin ETFs, including the popular Grayscale Bitcoin ETF (GBTC), and reportedly plans to ban these products from its platform for being too risky. Vanguard’s decision to ban all Bitcoin ETFs from its platform was first reported by a senior...

cryptoslate.com

Edit: has anyone invested into a bitcoin ETF?

 

[mid_gen]

Vanguard will not have BitCoin ETFs on its platform.

Vanguard to ban all Bitcoin ETFs on its platform

Vanguard has restricted its customers from purchasing Bitcoin ETFs, including the popular Grayscale Bitcoin ETF (GBTC), and reportedly plans to ban these products from its platform for being too risky. Vanguard’s decision to ban all Bitcoin ETFs from its platform was first reported by a senior...

cryptoslate.com

Edit: has anyone invested into a bitcoin ETF?

No.

I mean this is basically it now, the last throw of the dice for Bitcoin. It's finally fully integrated into the financial system and available to investors. It's only purpose in life now is to increase in value to feed speculation, but it's now run out of future macguffins to fuel that speculation. There may be a bull run off the back of this but it won't be sustained and people holding are going to be pretty disappointed in the long term, versus investing in businesses that create value.

 

[slinxy]

No.

I mean this is basically it now, the last throw of the dice for Bitcoin. It's finally fully integrated into the financial system and available to investors. It's only purpose in life now is to increase in value to feed speculation, but it's now run out of future macguffins to fuel that speculation. There may be a bull run off the back of this but it won't be sustained and people holding are going to be pretty disappointed in the long term, versus investing in businesses that create value.

TBH, an EFT for a single commodity doesn't make sense to me... if you're tracking the value of a commodity; you might as well just pay the commodity itself.
At least that way you are effecting the price of the commodity.

 

[brendy]

TBH, an EFT for a single commodity doesn't make sense to me... if you're tracking the value of a commodity; you might as well just pay the commodity itself.
At least that way you are effecting the price of the commodity.

Could this be the start of other crypto being allowed into it also?

 

[delta0]

Vanguard will not have BitCoin ETFs on its platform.

Vanguard to ban all Bitcoin ETFs on its platform

Vanguard has restricted its customers from purchasing Bitcoin ETFs, including the popular Grayscale Bitcoin ETF (GBTC), and reportedly plans to ban these products from its platform for being too risky. Vanguard’s decision to ban all Bitcoin ETFs from its platform was first reported by a senior...

cryptoslate.com

Edit: has anyone invested into a bitcoin ETF?

I don’t think the bitcoin etf is coming to the UK yet. I think there’s a lot of hype over the ETF. Some people are not understanding what an ETF is. Its purpose is to track a price not pump it up.

 

[pallys]

I don’t think the bitcoin etf is coming to the UK yet. I think there’s a lot of hype over the ETF. Some people are not understanding what an ETF is. Its purpose is to track a price not pump it up.

But it does open up a mechanism to manipulate the price. Have a look at the gold Market for example, paper trades happening when there is nowhere that amount of gold in existence and thus causes price suppression.

 

[delta0]

But it does open up a mechanism to manipulate the price. Have a look at the gold Market for example, paper trades happening when there is nowhere that amount of gold in existence and thus causes price suppression.

Synthetic ETFs can offer that level of liquidity. I do like ETFs but physical ones that actually own the underlying assets like Vanguard and some others.

 

[slinxy]

Just a reminder that dividend allowance is dropping to £500 from April.

Income Tax: Reducing the Dividend Allowance

www.gov.uk

This measure reduces the tax-free allowance for dividend income (the ‘Dividend Allowance’) from £2,000 to £1,000 from 6 April 2023 and then to £500 from 6 April 2024 for individuals who receive dividend income.

capital gains is dropping from £6000 to £3000

Reducing the annual exempt amount for Capital Gains Tax

This tax information and impact note is about reducing the Capital Gains Tax annual exempt amount.

www.gov.uk

For the tax year 2024 to 2025 and subsequent tax years the AEA will be permanently fixed at £3,000 for individuals and personal representatives, and £1,500 for most trustees.

thou you can now have multiple ISAs of the same type and pay into them in the same year.

How Many ISAs Can I Have?

You can have multiple ISAs, so long as you meet the eligibility criteria but, within any tax year, you can only pay into one of each type (cash, stocks and

www.forbes.com

ISA rules are set to change from 6 April 2024, however. In the next tax year, you’ll be able to open and pay into multiple ISAs of the same type, in the same tax year.

 

[Doggie2k]

Like squeezing blood out of a stone these guys, I'm all for paying tax so we can enjoy health care etc etc but this goverment is trying to bleed us dry.

 

[swillsy]

it's mad and it's not like you can vote for a low-tax party Labour aren't going to be lowering taxes for the next 4 years so we've got to get used to it

 

[Beans on toast Dave]

Like squeezing blood out of a stone these guys, I'm all for paying tax so we can enjoy health care etc etc but this goverment is trying to bleed us dry.

totally agree, they would take it all if they could

 

[randal]

If ever a sign was needed that the treasury is in trouble, just need to look at fiscal policy.

Can't imagine why.

 

[mid_gen]

it's mad and it's not like you can vote for a low-tax party Labour aren't going to be lowering taxes for the next 4 years so we've got to get used to it

We are reaping the rewards of a long term lack of investment and low-tax dogma. There's no infrastructure to rebuild off the back of, or headroom for lowering taxes when you need to, because everything has been completely gutted already. Unless you're one of the VIP lane tory chums that is, then you've done very nicely and got a seat in the Lords.

We need a stint of European style social democracy to rebuild the country, and peoplr are going to have to pay their taxes for it to happen. The alternative is decades of continuing decline.

 

[ddoubleep]

I've got my SIPP and ISa with them. They are update/reducing their pricing from April this year I think....



*Defined as a customer that places 10 or more trades in the preceding month.

Didn't realise HL had reduced their fees. The JISA being reduced now matches Fidelity.

 

[ltron]

Like squeezing blood out of a stone these guys, I'm all for paying tax so we can enjoy health care etc etc but this goverment is trying to bleed us dry.

They are targeting the little people with these changes and much less so the super rich, that's my problem with it. To me it makes much more sense to equalise capital gains with income tax at the old £12K threshold.

 

[dlockers]

They are targeting the little people with these changes and much less so the super rich, that's my problem with it. To me it makes much more sense to equalise capital gains with income tax at the old £12K threshold.

£12k of pure gains versus £12k of selling your labour? Not sure they were ever equal ideas.

 

[ltron]

£12k of pure gains versus £12k of selling your labour? Not sure they were ever equal ideas.

Yes, but the capital gains tax is still not equalised with income tax, instead the government is just greatly reducing the threshold before you pay it down to £3K this year which is targeting those making smaller transactions (relatively speaking).

If they want to do that then they should equalise capital gains with income so the rich who deal in much larger transactions will pay their fair share. I was just making the point that if it's true that ordinary people are paying the greatest amount of tax in 70 years (the super rich are not, obviously) and getting so little in return then perhaps the above is the wrong way to go about it.