Trading the stockmarket (NO Referrals)

Gixer said:
I've read a bit in the past about having some gold in your portfolio. I've just taken a look and buying gold doesn't look that simple? There are loads of different ETCs to choose from and they all sell at a different price. Is there a rule of thumb for a numpty to follow if I were to take a dip into gold? H&L are saying some investments may be complex thus unsuitable for some investors. I'm not sure what that means other than I'd need to avoid the complex investments.
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Personally I'd just buy physical gold if I wanted to hold some.
 
Gixer said:
I've read a bit in the past about having some gold in your portfolio. I've just taken a look and buying gold doesn't look that simple? There are loads of different ETCs to choose from and they all sell at a different price. Is there a rule of thumb for a numpty to follow if I were to take a dip into gold? H&L are saying some investments may be complex thus unsuitable for some investors. I'm not sure what that means other than I'd need to avoid the complex investments.
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Ishares Physical Gold


May as well just buy real gold bars they start around £100, but I don't know how exchange rates are when you come to sell it.
I think they have to inform the gov/taxman if you purchase over a certain amount though


I'd store them under a floorboard if I were keeping any at home
 
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I think it assumes you'd be buying gold etf at a good price, but the price hasn't been good for ages because the world keeps falling apart one thing after another, so I wouldn't even consider it until the world feels stable for a while. But even then I doubt it's better than a global tracker etf, so it's pointless complexity.
 
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Real gold is a PITA to trade in, my friend was given some by his father and out of interest he looked at selling it.

Depending on the amount, you need certificates of ownership and authentication. Some places will want to retest the gold for purity.

Storing large amounts become costly and having to take out insurance and then there’s the actual brokerage fees.

You can’t just rock up to your local pawn brokers or gold smiths and expect cash for it on the same day.

But I suppose it’s one of the best ways to store generational wealth.
 
slinxy said:
Real gold is a PITA to trade in, my friend was given some by his father and out of interest he looked at selling it.

Depending on the amount, you need certificates of ownership and authentication. Some places will want to retest the gold for purity.

Storing large amounts become costly and having to take out insurance and then there’s the actual brokerage fees.

You can’t just rock up to your local pawn brokers or gold smiths and expect cash for it on the same day.

But I suppose it’s one of the best ways to store generational wealth.
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Royal mint at 1% to store in their vaults insured and they buy back etc, looks alright but I guess it depends on your reason for buying gold. If its end of the world stuff you really want to hold it yourself.
 
slinxy said:
Real gold is a PITA to trade in, my friend was given some by his father and out of interest he looked at selling it.

Depending on the amount, you need certificates of ownership and authentication. Some places will want to retest the gold for purity.

Storing large amounts become costly and having to take out insurance and then there’s the actual brokerage fees.

You can’t just rock up to your local pawn brokers or gold smiths and expect cash for it on the same day.

But I suppose it’s one of the best ways to store generational wealth.
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Yes you can, you will need to make an account though for anti money laundering purposes.

Buy Britannia's, you can test if they are real by flicking it in the air if you have experience.
 
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Must be some positive inflation news out. My single stocks are up significantly today and many I bought were fairly directly. Affected by inflation

Etfs are doing well since buying. But haven't been buying in until this year. Derp!
 
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EdGey said:
366% on rr atm, I never could have imagined that sort of return from them, but perhaps it was an obvious winner in hindsight.

I've been gradually selling my position recently, though I have no doubt it will continue to grow.
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I put £30k in when it was 87p...I sold it at just over £5, could now pay my mortgage off but buying a new house out of the sink estate I'm currently in, which costs less monthly than my current house!

Life changed.
 
Andreworex said:
I put £30k in when it was 87p...I sold it at just over £5, could now pay my mortgage off but buying a new house out of the sink estate I'm currently in, which costs less monthly than my current house!

Life changed.
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Not sure how rich you are. But if 30k is a big amount for you that's an amazing trade.
Only time I've done anything like that was btc.

Massive regret not doing the same as I was pondering the same at sub 100p.



From my side I'm hoping CNS is same as RR. Although nothing like that amount invested!
Its up 190pc YTD. Due to not being available in my isa I'm going to have to open another one as it might get hit by CGT if it keeps on at this rate.

Just hope someone doesn't buy them!
 
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