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- Joined
- 15 Oct 2015
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I've just taken a bit of a chance and put in my first purchase of shares. Did go for some shares in Argo. Will be interesting to see how that develops.
I'm looking forward to getting my portfolio to a decent size. At the moment, even on a share i really believe in i'm only ~£1000 and so whilst a 30% growth is excellent. It's still "only" £300 and so from a wealth perspective doesn't make much impact. I know it'll compound etc, but it can feel you're not really growing particularly.
In a few years i'll be able to increase the level of trades substantially and so it should feel much more worthwhile. Whilst probably increasing stress levels more
I suppose the issue is when it hits around 30k+ and it's very tempting to just go blow it on a new car
That's why besides learning the ropes, stocks and shares really aren't good investments in terms of hoursay.
I would not want to calculate time in hours lol. Probably be better to learn a course in that time.
with retail there's probably going to be announcements of stores never reopening and share prices falling.So is anyone betting on retail stocks, given the lockdown easing plan coming?
I've gone for Marks and Spencer. I figure there are plenty of posh people who will want clothes when they emerge blinking into the light.
Too late to get on the Argo train long term? Going well again today I see
Too late to get on the Argo train long term? Going well again today I see
Hard to say. Buying in to a chart that is up 2,800% in 3 months is always going to be a risky play.
Mining BTC is an odd one compared to tradition commodity acquisition, because the technology is engineered such that the upside is strictly limited. The more resources you put into mining it, the lower your rate of return. The higher the token value, the more other people mine it, which also lowers your return.
Argo never going to suddenly tap into a rich new vein of Bitcoins It will only ever get harder to mine them.
Personally I don't buy into Bitcoin on principle because it's got such serious fundamental issues around it's ecologic impact, same as I don't buy fossil fuels or other industries that dead-ends long term.
I topped up at 280 as funds from another sale finally became available. It's linked to crypto generally so i think it's good exposure to that side of things. Whether i believe in BTC or not, it seems clear that there's a hell of a lot of money being piled into it.
My theory is that Argo has the ability to benefit both from the rising price of BTC but also from mining new coins so in theory it should actually increase in value more than simply holding BTC myself.
Personally I don't buy into Bitcoin on principle because it's got such serious fundamental issues around it's ecologic impact, same as I don't buy fossil fuels or other industries that dead-ends long term.
Thanks guys. Just starting out with play money away from the main vanguard safe space .
Seen Argo mentioned a lot here but haven’t had time to do my own research. The indirect crypto exposure is intriguing.
Anyway I just came to post SUPP from FT or more famously Woodford's bain. Well below asset value, I thought they may had done better with an emphasis on healthcare but I guess its too much research.
The environmental impact of mining is an interesting one. With many companies pushing for their pension schemes & own investments to be more socially & environmentally conscious, do we think that investments in Crypto from the big institutions will be limited long term?
Does the proof of work v proof of stake difference with some cypto potentially mitigate this?