Trading the stockmarket (NO Referrals)

If you are invested in SPY, what do you think is the amount you need to retire and what age will that be? This is assuming your mortgage is paid off and you want to live a nice life, with say 50K a year spending money?
 
Dont retire owning shares as your income, speak to a financial adviser but they use bonds as its a scheduled repayment and is far more defined then stocks. Some stocks can be great like RDSB for the first time since ww2 cut back its dividend, thats a heck of a record but generally its not advisable to rely on even SPY as an index for income. USA has a premium to it and SPY is about growth, etc., I'd rather say FTSE but I could be completely wrong on that and actually asia pacific is far better placed, nobody can say for sure but I'll throw out $2 million as your question answer or 2.5% (50/0.025)

https://seekingalpha.com/symbol/SPY/dividends/yield

That link says 1.92% average or $2.6mil
 
Plenty of red here, but Ocado and AZN are helping balance the books. Have finally bought a little Greggs, and having a little dabble in Adyen which has been on a pretty solid up for a month.
 
I noticed CNR about doubled in short time. Is their recent news good enough to justify that kind of move. All the miners continue to do well and gold alongside main markets which is slightly contradictory though I'd guess gold just rises in every case eventually, found my old chart where I reckon we left bearish trend but also I'd think we'd hesitate now higher in this wide area.
GOld and Dollar both fell for the duration of 2018 and they are both healthy when they should be inverse really
 
CNR was ridiculously undervalued, now it's only fairly undervalued! No significant new news. Recent broker estimate of a hundred and something pence, based on a discount of 40% of NPV seems to have been the catalyst on this occasion. That discount they expect to close as production nears and that does not include a range of possible upsides.

Long term, I'm looking for £2-4 at some point over the next, I dunno, 1-3 years. That said, after such a rapid rise over the last few days, it's anyone's guess what the short-term holds. May just keep going for another bag or two like GGP or may pull back at some point.
 
silversurfer said:
Dont retire owning shares as your income, speak to a financial adviser but they use bonds as its a scheduled repayment and is far more defined then stocks. Some stocks can be great like RDSB for the first time since ww2 cut back its dividend, thats a heck of a record but generally its not advisable to rely on even SPY as an index for income. USA has a premium to it and SPY is about growth, etc., I'd rather say FTSE but I could be completely wrong on that and actually asia pacific is far better placed, nobody can say for sure but I'll throw out $2 million as your question answer or 2.5% (50/0.025)

https://seekingalpha.com/symbol/SPY/dividends/yield

That link says 1.92% average or $2.6mil
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Thanks for the reply, I was thinking of just keeping ETFs in retirment and taking out money as and when I need it.

I'm young now though so maybe when I am older my risk appetite will be much reduced. During this recent turmoil I have just sat back, done nothing except adding each month. A colleague of mine originally had 1 mil USD pre covid, he sold around the bottom, not sure if he has bought back in :(
 
Congratulations all AAZ shareholders (me included!). Lovely RNS this morning. Share price may well fluctuate by MMs playing games, but what an updates! DYOR etc
 
My stop triggered on AAZ at 140 yesterday so I was already happy with that having only held it for a week. I don't really have any knowledge of what long term values are.
 
Fair play and congrats on the gains. Annoyingly my shares are held outside my ISA, so will hit CGT at some point. Will sell and rebuy on any short term weakness.
 
Take back the original stake is usually good after rises.

AAZ is in accumulation now, thats my perspective and sure it rose but its justified. The PE is listed at 8, I dont know thats correct into 2021 but I think 200p is possible this year. I hope the false dawn over speculation means it sells off and then rises. A year ago I thought CEY could get 200p amd investec gold, its peaked just recently but its hard to guess when precisely each rise and fall but overall it should be an ongoing bull market for that sector.
 
So, an update on the virtual trading thing.

My better half is now up to £90k, so 80% in a few weeks.

She's basically done that by betting on Amazon, Netflix, sex toy providers and cannabis funds during the lockdown.

However at one point her cannabis trade was £15k down and had taken her overall balance to £40k. It then swung to a £15k profit over 2 days. However she admitted if it had been her real money, she doubted she'd have held her nerve when both the trade and her overall position were negative by £10k+.
 
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